SIA “Publisko aktīvu pārvaldītājs Possessor” un SIA “REAP” vadošo amatpersonu civiltiesiskās atbildības apdrošināšana
ClosedKey facts
- Estimated value
- €42,000
- Deadline
- Expired
- CPV Code
- 66516000 — Liability insurance services
- Procedure
- Open procedure
Original Tender Description
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LoginRequirements & Qualifications
12 requirements across 5 categories
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Documents
2 documents available with AI summaries
This tender document outlines the procurement process for Directors & Officers Liability Insurance for SIA “Publisko aktīvu pārvaldītājs Possessor” and SIA “REAP”. Bidders must submit their proposals electronically via the EIS e-konkursu system by January 19, 2026, 11:00 AM. The contract will be awarded to the economically most advantageous offer, primarily based on the lowest total premium, for worldwide coverage starting April 1, 2026.
This document outlines the comprehensive requirements for a tender concerning D&O liability insurance for leading officials of SIA “Publisko aktīvu pārvaldītājs Possessor” and SIA “REAP”. Bidders must be licensed insurance providers or intermediaries in Latvia and demonstrate specific experience, including at least one D&O contract with a minimum 15,000,000 EUR liability limit within the last three years. The tender requires a detailed technical proposal with insurance terms and a sample policy, a financial proposal stating the total premium, and will be awarded based on the lowest price.
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Tender Quality Score
This tender for D&O liability insurance exhibits significant concerns regarding fairness and transparency due to highly restrictive technical requirements and the complete absence of accessible tender documents.
Score Breakdown
The tender lacks explicit mention of mandatory exclusion grounds, which are standard legal requirements. The CPV code 0 is incorrect and non-compliant with classification standards, hindering proper categorization and searchability.
While some specific requirements are stated, the complete absence of tender documents severely hinders overall clarity and understanding of the full scope, terms, and conditions of the procurement. The lack of explicit exclusion grounds also creates ambiguity.
The tender is critically incomplete as no documents are attached, and access is restricted. This prevents bidders from fully understanding the requirements and preparing a compliant and competitive offer. Furthermore, detailed evaluation criteria beyond 'lowest price' are not specified.
The technical capability requirement for D&O experience (at least one contract with a minimum liability limit of 15,000,000 EUR within the last three years) appears disproportionately high and potentially tailored. This is particularly concerning given the estimated contract value of 41,999.99 EUR, which is significantly lower than the required experience threshold, thereby severely restricting competition.
The extremely high D&O experience requirement makes it impractical for many otherwise qualified insurance providers to participate, significantly limiting the pool of potential bidders and potentially leading to a lack of competitive offers.
The CPV code 0 is inconsistent with a services tender for insurance. The automated check's flag of 'No e-submission' contradicts the explicit requirement for electronic submission via the EIS e-konkursu system, indicating a potential discrepancy in the automated system's interpretation.
No sustainability (green or social) criteria are specified, indicating a missed opportunity to integrate broader public policy objectives into the procurement process.
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