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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Tender for Special Risks Insurance

February 2020

Panama's Metro bids the special risks insurance policy, with a two-year validity period.

Panama Government Purchase 2020-2-81-01-08-LP-001754:

"The bidder will be responsible for executing all the works, activities and tasks necessary to provide the service of Special Risks Insurance Policy Contracting, for a 24-month period.

Qualified Bids to Build Metro Line 3

November 2019

The proposal of the HPH Joint Venture Consortium was the one with the best qualification in the tender for the design and construction of Line 3 of the Panama Metro, which will reach Ciudad del Futuro in Arraijan.

The business conglomerate with a score of 893 points is composed of Hyundai Engineering & Construction Co., Ltd. - POSCO - Hyundai Engineering Co. Ltd, official sources reported.

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The Honduran Banking and Insurance Commission tenders the fire insurance policy and related lines for furniture and office equipment, electronic fixed and portable, for the years 2020 and 2021.

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All Risks Insurance Tender

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The Guatemalan Workers' Recreation Institute tenders fire, allied and collateral lines insurance for buildings and facilities owned by the institution.

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"All risks arising from any external cause will be covered, including, but not limited to earthquake, tremor, volcanic eruption, falling ash and/or volcanic sand and consecutive fire, explosion, lightning, malicious damage, hurricane, typhoon, tornado, flood and water damage, riot, strikes, riots at work or popular, falling aircraft and objects, collision of land vehicles, collapse of stowage, winds, hail, floods, tsunamis, aircraft crashes, special malicious damage (terrorism) explosion and implosion of boilers, machinery breakage, electrical damage, electronic equipment, short circuit, excess voltage, voltaic arcs and any other alteration of the electricity, theft and/or robbery, theft, pillage, confrontation, and any other sublimit that is part of the policy and other extensions of coverage of all risk.

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