Tender Details
Description / Scope of Work
Punjab Industrial Estates Development and Management Company (PIEDMC) invites bids for the provision of group life insurance coverage for its employees during the financial year 2026-27. This tender, identified as Contract PIE/P&C/GLI/26/37, seeks qualified insurance providers to deliver comprehensive group life insurance benefits to PIEDMC staff. The scope encompasses the design, administration and delivery of life insurance products tailored to the organisation's employee base, with coverage details and benefit structures outlined in the technical specifications and bid data sheet provided within these bidding documents. The procurement is conducted in Punjab province and represents a recurring annual contract for employee welfare coverage.
Eligible bidders must be licensed insurance companies registered and authorised to conduct life insurance business in Pakistan. Bidders are required to demonstrate financial stability, professional credentials, and compliance with relevant regulatory requirements set by the State Bank of Pakistan and the Insurance Regulatory Authority. A bid security deposit is mandated as detailed in the bidding documents. Bidders may participate individually or as joint ventures, provided all consortium members meet eligibility criteria and formally authorise the lead bidder to represent their interests. Single bidding per entity is strictly enforced.
Bidding documents are available for download and clarification requests must be submitted in writing to PIEDMC by dates specified in the bid data sheet. Sealed bids must be submitted by the deadline indicated in the invitation to bid. Technical and financial proposals will be evaluated separately, with award criteria based on demonstrated capability, pricing competitiveness, and compliance with technical and contractual requirements. Opening of bids will occur on the date announced, with post-qualification assessment to confirm the selected bidder's ongoing eligibility and performance capacity.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender, written with AI from the official notice and checked by our quality rules — not part of the official notice. Always confirm details against the original tender document.
This is a recurring annual contract for group life insurance administration serving a defined employee population.
The scale is moderate, typical for a mid-sized state enterprise. Bidders face a standard procurement timeline with technical and financial bid separation. Insurance providers must hold Pakistani regulatory licenses and demonstrate claims handling infrastructure. The contract scope is focused on employee welfare benefits, suggesting stable recurring demand rather than one-time procurement.
Who can bid: Bidders must be licensed life insurance companies registered with the Insurance Regulatory Authority and State Bank of Pakistan, authorised to underwrite life insurance in Pakistan. NTN registration and tax compliance are typically required. Joint venture bidding is permitted if all members individually meet eligibility. Single bid per entity rule applies.