Tender: $10 Million in Vehicle Rentals

The Ministry of the Presidency of Panama tenders the car rental service for the use of staff of the institution and its agencies, for the term of 24 months.

Tuesday, August 18, 2020

Panama Government Purchase 2020-0-03-0-08-LP-038562

"General characteristics for all items:

a) All the cars leased in each of the lines must be at least manufactured in 2019.
b) The used cars will not be delivered by the leasing company with the 40,000 km
c) Each car will have a full-coverage insurance policy, with road assistance, advisory service and legal representation in traffic accident trials.
d) Each car must have a Maintenance Manual, which will be updated by the future lessor for the purpose of keeping track of visits to the workshop for maintenance or other repairs.
e) The Ministry of the Presidency is entitled to request the color of the rented cars.
f) The aspects contemplated regarding comfort detailed in each of the lines that make up this public act shall be understood as optional suggestions and shall not be taken as minimum technical specifications of obligatory compliance for the vehicles offered by the bidders.
g) The use of the toll by "Panapass" corridors will be subject to previous authorization by the Ministry of the Presidency."

Reference value: $10,353,942.

Deadline for receipt of bids: September 4, 2020.

See tender (in Spanish).

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The "Rent a Car" Market in Panama

November 2014

Around 10,000 vehicles are used by 28 companies engaged in car rental in Panama, a business which generates about $77 million a year.

Between international and local franchises, the vast majority of companies engaged in the car rental business are established in the capital and state that their customers are 50% foreigners visiting the country for tourism and 50% nationals.

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