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Tenders

Travel Insurance

Open
Deadline
9 days left
April 13, 2026
Contract Details
Category
Services
Reference
168052
Value
€41,999
Location
Riga, Latvia
Published
March 25, 2026
Organization
CPV Code
Project Timeline

Tender Published

March 25, 2026

Deadline for Questions

April 06, 2026

Submission Deadline

April 13, 2026

Tender Opening

April 13, 2026

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Budget
€41,999
Duration
48 months
Location
Riga
Type
Services
75
Quality Score/100
Good
Market Benchmark
Avg. Winning Price
€139,128
Avg. Bids
2.6
Competition
Low
SME Winners
98%
1,731 tenders analyzed

Original Tender Description

Travel Insurance

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Win Strategy

AI-powered analysis of this tender's requirements, opportunities, and challenges. Get strategic insights to maximize your win probability.

65%
Estimated Win ProbabilityModerate Fit

This tender for travel insurance services by the Ministry of Foreign Affairs of Latvia presents a moderate competition opportunity. A winning strategy will focus on demonstrating robust technical capability and financial stability, while leveraging the lack of specified evaluation criteria to emphasize value and service excellence. Proactive engagement with the contracting authority is key to understanding unstated preferences.

Key Winning Messages

Reliable and Comprehensive Travel Insurance Solutions for Ministry Personnel

Efficient Claims Management and Dedicated Support

Value-Driven Partnership with a Focus on Service Excellence

Key Opportunities
Lack of specified evaluation criteria allows for emphasis on qualitative aspects and value proposition.
Opportunity to proactively define and demonstrate value beyond basic compliance.
Potential to differentiate through superior customer service and claims handling processes.
Key Challenges
Unspecified evaluation criteria and financial requirements create uncertainty.

Conduct thorough due diligence by requesting clarification from the contracting authority regarding evaluation weighting and financial thresholds. Prepare a comprehensive financial proposal that demonstrates strong stability and competitive pricing.

High competition from established insurance providers.

Focus on clear differentiation through service quality, specialized policy features, and a strong understanding of the Ministry's specific needs. Highlight any unique selling points not easily replicated by competitors.

The relatively low estimated value might attract bidders focused solely on price, potentially overlooking service quality.

Emphasize the total cost of ownership and the long-term benefits of a reliable and efficient insurance provider, rather than just the upfront premium.

Ideal Bidder Profile
An established insurance provider with a proven track record in providing travel insurance, particularly for government or institutional clients. The bidder should possess strong financial standing, a comprehensive understanding of Latvian and EU insurance regulations, and the capacity to deliver flexible and responsive service. Experience in handling claims efficiently and providing clear, accessible policy information is also crucial.
Key Requirements
Compliance with Mandatory Exclusion Grounds
Meeting Eligibility and Selection Requirements
Demonstrating Technical Capability for Travel Insurance Services
Adherence to Submission Requirements and Deadline
Meeting unspecified Financial Requirements
Key Discriminators
Demonstrated experience in providing insurance for diplomatic missions or government officials.
A highly responsive and efficient claims management system with clear communication protocols.
A flexible policy structure that can be tailored to the diverse travel needs of Ministry personnel.
A dedicated account management team with a deep understanding of public sector procurement.
Social Value Opportunities
While not explicitly required, consider including a commitment to supporting local Latvian businesses in the supply chain for any ancillary services, or a commitment to providing accessible policy information in multiple languages relevant to the Ministry's operations.
Bid Focus Areas
Technical Capability

Thoroughly detail the proposed insurance products, coverage levels, and service delivery mechanisms. Provide concrete examples of how the proposed services meet or exceed the requirements outlined in 'Nolikums'. Emphasize the robustness and reliability of the insurance framework.

Eligibility and Exclusion Grounds

Ensure meticulous completion of all required forms and documentation as per 'Iepirkuma priekšmeta prasības, 1.versija'. Proactively address any potential exclusion grounds by providing clear evidence of compliance and good standing.

Financial Stability

Prepare a strong financial proposal that demonstrates solvency and capacity. If specific financial requirements are not detailed, present a comprehensive financial health report and projections that instill confidence in the bidder's ability to fulfill the contract.

Service Excellence (Implied)

Highlight the bidder's commitment to customer service, efficient claims processing, and proactive communication. Use case studies or testimonials (if permissible) to illustrate superior service delivery.

Recommendations7
Thoroughly Review 'Iepirkuma priekšmeta prasības, 1.versija'
CriticalHigh effort

Scrutinize the 'Iepirkuma priekšmeta prasības, 1.versija' document for all mandatory exclusion grounds, selection criteria, and submission requirements. Ensure absolute compliance with every detail to avoid disqualification.

Avoids immediate disqualification and forms the foundation of a compliant bid.
Deep Dive into 'Nolikums' for Technical Specifications
CriticalHigh effort

Analyze the 'Nolikums' document to fully understand the technical specifications for travel insurance services. Map proposed solutions directly to these requirements, providing detailed evidence of capability and compliance.

Demonstrates technical competence and meets the core service delivery expectations.
Proactive Clarification on Unspecified Criteria
HighMed effort

Given the absence of specified evaluation criteria, proactively seek clarification from the Ministry of Foreign Affairs regarding their priorities and weighting. This could be through formal clarification requests or pre-bid meetings if available.

Allows for strategic tailoring of the bid to align with the contracting authority's unstated preferences, maximizing scoring potential.
Emphasize Service Quality and Claims Efficiency
HighMed effort

Since evaluation criteria are not specified, focus on building a strong narrative around superior customer service, rapid and fair claims processing, and proactive support for travelers. Provide evidence of existing service level agreements (SLAs) and customer satisfaction metrics.

Positions the bidder as a partner focused on traveler well-being and operational efficiency, not just a price provider.
Address Unspecified Financial Requirements Proactively
HighHigh effort

Prepare a robust financial proposal that demonstrates strong financial health, solvency, and the capacity to underwrite the contract. Include detailed financial statements, credit ratings (if available), and projections that exceed typical requirements to build confidence.

Mitigates risk associated with unknown financial thresholds and builds trust in the bidder's stability.
Develop a Clear and Concise Submission
MediumMed effort

Ensure the bid is exceptionally well-organized, easy to read, and directly addresses all stated requirements. Use clear headings and cross-references to tender documents. Proofread meticulously.

Facilitates the evaluation process and reduces the likelihood of errors or omissions.
Consider Value-Added Commitments
LowLow effort

While social value is not a requirement, consider offering optional value-added services such as multilingual policy support or simplified online claim submission portals, which can be presented as a demonstration of commitment to the Ministry's diverse needs.

Enhances the overall value proposition and can be a subtle differentiator.
Competitive Positioning
Position the bid as offering the most reliable and comprehensive travel insurance solution, backed by a proven track record and exceptional service, rather than solely competing on price. Highlight any unique expertise in serving public sector entities or diplomatic travel.

Competitors

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Requirements & Qualifications

7 requirements across 5 categories

Submission (2)
Mandatory (1)
Compliance (2)
Technical (1)
Financial (1)
SUBMISSION REQUIREMENTS2
--Bids must be submitted by the deadline of 2026-04-13T10:00:00.
--Submission requirements will be detailed in the 'Iepirkuma priekšmeta prasības, 1.versija' document.
MANDATORY EXCLUSION GROUNDS1
--Bidders must not be subject to exclusion grounds as detailed in the 'Iepirkuma priekšmeta prasības, 1.versija' document.
ELIGIBILITY REQUIREMENTS2
--Bidders must meet the selection requirements outlined in the 'Iepirkuma priekšmeta prasības, 1.versija' document.
--Bidders must provide necessary forms and documentation as specified.
TECHNICAL CAPABILITY REQUIREMENTS1
--Requirements related to the technical specifications for travel insurance services are detailed in the 'Nolikums' document.
FINANCIAL REQUIREMENTS1
--Financial requirements are not explicitly detailed in the provided summaries, but are likely covered within the 'Iepirkuma priekšmeta prasības, 1.versija' or 'Nolikums' documents.

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Documents

3 documents available with AI summaries

Iepirkuma priekšmeta prasības, 1.versijaPDF
168052_PD.ANY_1_1_1_20260325151252.pdf -- 117.7 KB

This document outlines the exclusion conditions and selection requirements for bidders participating in a travel insurance procurement process, detailing necessary forms and documentation.

NolikumsZIP
2026-50_nolikums_25-03-2026.zip -- 802.7 KB

This document contains the draft contract and technical specifications for a travel insurance tender issued by the Ministry of Foreign Affairs of the Republic of Latvia.

Main tender pageHTM
index.html

This document contains the basic data for a tender issued by the Ministry of Foreign Affairs of Latvia for travel insurance services, with a submission deadline of April 13, 2026.

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75
Good

Tender Quality Score

This tender for travel insurance services from the Ministry of Foreign Affairs of Latvia is generally well-structured, with clear documentation and a reasonable timeline. However, it lacks explicit evaluation criteria and details on green or social aspects.

Score Breakdown

Legal Compliance75/100

The tender appears to comply with general procurement regulations, including the use of a proper CPV code and a clear procedure. Deadlines are reasonable, and no disputes are noted. The main concern is the potential for restricted document access, which could impact legal compliance if not properly addressed.

Restricted document access (potential)
Clarity80/100

The tender provides a clear title and description for travel insurance. Key documents outlining exclusion grounds, eligibility, and technical requirements are referenced, contributing to clarity. However, the absence of specified evaluation criteria leaves a gap.

Missing evaluation criteria
Completeness70/100

Basic information such as the organization, title, estimated value, and contract duration are present. Key documents are attached or referenced. However, the lack of explicit financial requirements in the summary and the absence of evaluation criteria reduce overall completeness.

Financial requirements not explicitly detailed in summary
Missing evaluation criteria
Fairness85/100

The tender utilizes an open procedure and discloses the estimated value, promoting fairness. The criteria for exclusion and eligibility are documented. The main concern is the potential for restricted document access, which could hinder full document access for all potential bidders.

Restricted document access (potential)
Practicality65/100

The tender specifies e-procurement, which is a positive aspect for practicality. The contract duration is clearly stated. However, the absence of explicit information regarding e-submission details and financing information limits practicality.

No explicit e-submission details
No explicit financing information
Data Consistency90/100

Key fields such as title, reference, organization, value, and deadlines are populated consistently. The tender is active with no noted suspensions or disputes, and the dates are logically ordered.

Sustainability50/100

The tender does not explicitly mention any green procurement, social aspects, or innovation focus. It is also not indicated as EU funded, which limits the sustainability score.

No green procurement mentioned
No social criteria mentioned

Strengths

Clear title and description
Proper CPV code provided
Estimated value disclosed
Reasonable submission deadline
E-procurement utilized

Concerns

Missing evaluation criteria
Potential restricted document access
Lack of sustainability considerations (green, social, innovation)
No explicit financing information

Recommendations

1. Clearly specify evaluation criteria in the tender documents.
2. Ensure all tender documents are fully accessible to all potential bidders.
3. Incorporate sustainability aspects (e.g., green procurement, social clauses) into future tenders.

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