Tender for Punjab Mass Transit Authority Property Damage/MBD & Terrorism Reinsurance 2026

Pakistan Reinsurance Company Limited (PRCL) invites electronic bids from eligible bidders for the Punjab Mass Transit Authority (PMTA) property damage, machinery breakdown (MBD), and terrorism reinsurance for the Orange Line Train covering the period from 01-11-2026 to 31-10-2027. Items being procured: - Reinsurance coverage for PMTA Orange Line Train - Property Damage (PD) - Machinery Breakdown (MBD) - Terrorism insurance The bidding process will follow the single stage two envelope procedure under Public Procurement Rules 2004 and related regulations. Detailed terms, conditions, and specifications are available through EPADS version 2.0 at https://vendors.epads.gov.pk/. Bidders must submit their bids electronically via EPADS by 25th September 2026 at 11:00 AM Pakistan Standard Time. Technical bids will be opened the same day at 11:30 AM. Manual submissions will not be accepted. Eligibility requires compliance with procurement guidelines and registration on the EPADS portal. Earnest money and bid security requirements are as per Public Procurement Rules 2004. PRCL reserves the right to accept or reject any or all bids. Bidders are advised to carefully review the EPADS portal for all documents and to complete registration well before the deadline to avoid last-minute issues. The contact for queries is the In-Charge Retrocession at Pakistan Reinsurance Company Limited, Karachi. This tender offers a significant opportunity for insurance and reinsurance firms to participate in a major public sector transit project in Punjab, with a clear and transparent electronic bidding process.