Tender of $8 Million in Insurance

The insurance for the construction of the civil works, auxiliary installations of line and stations, supply and installations of the integral system, of the Line 3 of the Panama Subway, is tendered for 54 months.

Monday, July 13, 2020

Panama Government Purchase 2020-2-80-0-08-LP-002878:

"All risk construction policy (CAR):

1) Metro de Panamá S.A. and/or any subsidiary or Affiliated Companies: Government of the State of Panama and/or Metro de Panamá S.A.
2) Main Contractor: Consortium HPH Joint Venture formed by Hyundai Engineering & Construction (51%), Posco Engineering Construction (29%) and Hyundai Engineering Co. (20%).
3) Nominated Contractor. Itachi LTD, Mitsubishi Corporation and Ansaldo STS
4) Project Manager: Nippon Koei - Tonichi - Nippon Koei LAC Consortium
5) Banks, Creditors and Financial Institutions
6) All other contractors, sub-contractors and agents at any level
7) Consultants, Designers, Suppliers and vendors of any level, while performing work associated with the Project on or around the Project site.
8) Employees, Directors or Officers of any of the above
9) Including all its parts, named or not, whether designated before the creation of this insurance contract or afterwards.

Insurance Duration:

a. Construction Period - 54 months + 6 additional months. From the order to proceed.
b. Extended Maintenance Period - 3 years after the construction period."

Deadline for receipt of tenders:

See tender (in Spanish).

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