Description / Scope of Work
Pakistan Reinsurance Company Limited (PAKRE), a Ministry of Commerce entity, is inviting international bids for the procurement of cyber risk reinsurance coverage services for Oil and Gas Development Company Limited (OGDCL). This is a non-consultancy services tender issued as a Standard Bidding Document under an international single stage-two envelope bidding process. The procurement covers cyber risk reinsurance coverage to protect against cyber-related losses and liabilities. The tender is issued from the PAKRE office located at PRC Tower, 32-A, Lalazar Drive, M.T. Khan Road, Civil Line Sub-Division in Karachi, Sindh Province, and encompasses technical specifications, scope of work, and detailed contractual terms and conditions as outlined in the bidding document.
Eligibility criteria for prospective bidders include meeting specified financial and technical qualifications as a reinsurer capable of providing cyber risk coverage. Bidders must demonstrate relevant experience, insurance credentials, and financial stability. Bid security is required as per the tender specifications outlined in the Bid Data Sheet. All eligible bidders must sign and submit the Integrity Pact as part of their bid submission. A Performance Guarantee Form is mandated upon contract award to ensure service delivery and compliance with contractual obligations.
Bid documents are available from the procurement office and can be obtained by contacting the Procurement Specialist at PAKRE. Interested bidders must submit their proposals in two envelopes as per the single stage-two envelope procedure, containing technical and financial bids respectively. The bid submission deadline is July 7, 2026. For further inquiries, contact the Procurement Specialist at Phone: +92-300-699-8576 or Email: aghafoor@pakre.org.pk. The bidding document includes comprehensive General Conditions of Contract, Special Conditions of Contract, technical evaluation criteria, and detailed policy wording requirements.