Latvia23 days leftOpen

Insurance of the first and second power units of AS "Latvenergo" TEC-2 plant

Tender Overview

LOCATION

Riga, Latvia

VALUE

Not disclosed

DEADLINE

February 25, 2026 at 10:00

CATEGORY

Other

CPV CODE

66000000

REFERENCE

162926

Project Timeline

Contact Information

View Original

Original Tender Description

Insurance of the first and second power units of AS "Latvenergo" TEC-2 plant
⚠️

MANDATORY EXCLUSION GROUNDS

  • Bidders must not fall under any mandatory exclusion grounds as stipulated by applicable procurement laws and detailed in the full tender documents.

ELIGIBILITY REQUIREMENTS

  • Bidders must meet the selection criteria specified in the "Iepirkuma priekšmeta prasības, 1.versija" document.
  • Bidders must be legally authorized to provide insurance services relevant to the scope of the tender (insurance of power plant units).
🔧

TECHNICAL CAPABILITY REQUIREMENTS

  • Bidders must demonstrate the technical capability to provide property insurance for AS "Latvenergo"'s TEC-2 power plant's first and second energy blocks, adhering to all specific procurement requirements detailed in the "Iepirkuma priekšmeta prasības, 1.versija" document.
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FINANCIAL REQUIREMENTS

  • Bidders must submit a financial proposal in accordance with the evaluation methodology outlined in the "Iepirkuma priekšmeta prasības, 1.versija" document.
  • Bidders must meet any financial stability or capacity requirements specified in the full tender documents.
📋

SUBMISSION REQUIREMENTS

  • Proposals must be submitted by the deadline of 2026-02-25T10:00:00.
  • Bidders must use the provided template for the bidder's proposal letter, as specified in the "Nolikumus" document.
  • Proposals must address all procurement requirements, selection criteria, and evaluation methodology detailed in the "Iepirkuma priekšmeta prasības, 1.versija" document.
  • The proposal must cover the insurance of AS "Latvenergo"'s TEC-2 power plant's first and second energy blocks.

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PDF
Iepirkuma priekšmeta prasības, 1.versija
technical_spec162926_PD.ANY_1_1_1_20260120052451.pdf102.2 KB
Summary:
This document contains the procurement requirements, selection criteria, and evaluation methodology for the insurance of Latvenergo's TEC-2 power units.
ZIP
Nolikums
tender_noticeNolikums.7z437.1 KB
Summary:
This document contains the procurement regulation for the property insurance of Latvenergo AS CHPP-2 first and second units, along with a template for the bidder's proposal letter.
HTM
Main tender page
tender_noticeindex.html
Summary:
This document contains the basic data for an open competition procurement by AS "Latvenergo" (identification number 2025/35) for the insurance of its TEC-2 power plant's first and second energy blocks, announced on 20.01.2026, with a proposal submission deadline of 25.02.2026.

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64
Good

Tender Quality Score

This tender presents a mixed quality assessment. While it demonstrates good clarity in its structure and requirements, significant concerns arise from the restricted document access and undisclosed estimated value, severely impacting fairness and legal compliance.

Score Breakdown

Legal Compliance65/100

The tender generally complies with procedural requirements, including a clear procedure type, reasonable deadline, and appropriate CPV code. Mandatory exclusion grounds are referenced. However, the undisclosed estimated value and restricted document access are significant concerns regarding transparency and full compliance with public disclosure principles, potentially hindering fair competition.

Estimated value not disclosed
Restricted document access
Clarity85/100

The tender description is clear, and requirements are well-structured, referring to specific documents for detailed information, including selection criteria and evaluation methodology. Performance conditions are clearly linked to technical specifications. The AI-extracted requirements provide a good overview.

Completeness70/100

Basic information, deadlines, duration, and location are provided. Documents are listed and summarized, and requirements and criteria are defined by reference. The primary completeness issue is the 'Estimated Value: Not disclosed', which is crucial information for potential bidders.

Estimated value not disclosed
Fairness40/100

The most significant fairness concern is 'Restricted document access', which directly impedes equal access to information for all potential bidders. The 'Estimated Value: Not disclosed' also limits bidders' ability to assess the opportunity fairly. Requirements appear generic and not tailored to a specific company.

Restricted document access
Estimated value not disclosed
Practicality55/100

Electronic procurement is indicated, which is practical, and the contract duration is specified. However, the contract start date is not provided, and the estimated value is undisclosed, making financial planning difficult. 'Restricted document access' also creates a practical barrier for bidders to prepare comprehensive proposals.

Restricted document access
Contract start date not known
Data Consistency80/100

Dates are logical and consistent, and the status (active, no disputes) is clear. Most key fields are populated. There is a minor contradiction between 'E-Procurement' and 'No e-submission' in the automated checks, but the 'Opening Place' suggests e-submission is functional. The main inconsistency is the undisclosed estimated value.

Estimated value not disclosed (data gap)
Minor contradiction regarding e-submission
Sustainability50/100

The tender does not include any specific criteria or mentions related to green procurement, social aspects, or innovation. It is also not indicated as EU-funded. While not always mandatory for all procurements, the absence of these elements means it does not contribute to broader sustainability goals.

No green procurement
No social criteria

Strengths

Clear tender description and well-structured requirements referencing detailed documents
Defined procedure type (open) and reasonable submission deadline
E-procurement system indicated for submission and opening
No disputes or suspensions, active status
CPV code generally appropriate

Concerns

Restricted document access, severely hindering fairness and transparency
Estimated value not disclosed, impacting fairness and completeness
Lack of explicit sustainability (green, social, innovation) criteria
Contract start date not specified
Minor contradiction regarding e-submission in automated checks vs. characteristics

Recommendations

1. Ensure full and unrestricted access to all tender documents immediately to uphold transparency and fairness.
2. Disclose the estimated contract value to allow bidders to make informed decisions and ensure full compliance with disclosure requirements.
3. Consider integrating sustainability criteria (e.g., green insurance options, social responsibility clauses) where applicable.

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B
Tender Quality Score
64/ 100 · Good

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