Summary
Machine-generated summaryThis public tender covers the procurement of insurance services. The contracting authority seeks an insurance provider to deliver insurance cover as specified in the tender documents. The notice is published in Lithuanian, and the procurement concerns insurance services as its subject matter, without any description of lots, quantities or specific policy types being provided in the source text. Interested insurers should consult the full notice and the associated tender documents to identify the exact coverage required, the applicable conditions, and the submission details. The summary reflects only the information contained in the notice, namely that insurance services are being purchased through a public procurement procedure aimed at suppliers in the insurance sector.
Timing
- Published
Official source
Source: VPT procurement reports (Lithuania, via the State Data Agency)
Always verify details on the official notice.
Last verified against VPT procurement reports (Lithuania, via the State Data Agency) 1 month ago
Market
Financial & insurance services in Lithuania
- median open notice
- €405,000
- tenders per lot in this market
- 2.2
More figures
Market context
- open now in Financial & insurance services
- 2,191
- median open notice
- €405,000
Who wins in this market
Moderately concentratedLithuania · Financial & insurance services
- different companies won awards here
- 31
- of the awards went to the three most frequent winners
- 52%
- buyers awarded contracts here
- 49
Based on 165 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
Competition
- tenders per lot on average (open and restricted procedures)
- 2.2
- of those lots received a single tender
- 26%
- of the awards went to companies based in another country
- 2%
As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.
The buyer in figures
Vilniaus technologijų ir inžinerijos mokymo centras
The buyer
Full buyer profileVilniaus technologijų ir inžinerijos mokymo centras
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