BUD property insurance

Summary

The tender concerns all-risks property insurance, machinery breakdown insurance and business interruption insurance for a fixed term. The contract is planned to start on 1 July 2026, or on the day of mutual signature if signed later, and will run for 12 months. The bidder must hold the required valid licence/authorisation to provide insurance services and must submit the European Single Procurement Document. The bidder also needs to show relevant experience: at least one property insurance contract lasting at least 1 year, completed within the last 36 months, covering insured assets worth at least EUR 1 billion. Up to 6 references may be combined. The notice also requires confirmation that no exclusion grounds apply and that no excluded subcontractor will be used. Some exact proof requirements and details are only available in the procurement documents.