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China Insurance Tenders and Bids

Get access to latest China insurance tenders and bids. Find business opportunities and government contracts for China insurance tenders, accidental insurance, China medical insurance, banking insurance, government insurance tenders China, risk insurance, China insurance services tenders, China insurance consultancy tenders, building insurance tenders. Find China insurance tenders, bids, procurement, RFPs, RFQs, ICBs. The economy of the People's Republic of China is a developing market-oriented mixed economy that incorporates economic planning through industrial policies and strategic five-year plans. Dominated by state-owned enterprises and mixed-ownership enterprises, the economy also consists of a large domestic private sector and openness to foreign businesses in a system described as a socialist market economy.State-owned enterprises accounted for over 60% of China's market capitalization in 2019 and generated 40% of China's GDP of US$15.66 trillion in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%.As of the end of 2019, the total assets of all China's SOEs, including those operating in the financial sector, reached US$78.08 trillion. Ninety-one of these SOEs belong to the 2020 Fortune Global 500 companies. China has the world's second largest economy when measured by nominal GDP, and the world's largest economy since 2014 when measured by Purchasing Power Parity. It has been the second largest by nominal GDP since 2010, with data relying on fluctuating market exchange rates. A forecast states that China will become the world's largest economy in nominal GDP by 2028. Historically, China was one of the world's foremost economic powers for most of the two millennia from the 1st until the 19th century. The government began its economic reforms in 1978 under the leadership of Deng Xiaoping. As a result, China has the world's fastest-growing major economy, with growth rates averaging 10% over 30 years. China has four of the world's top ten most competitive financial centers, more than any other country. China has three of the world's ten largest stock exchanges, both by market capitalization and by trade volume. As of 12 October 2020, the total market capitalization of Mainland Chinese stock markets, consisting of the Shanghai Stock Exchange and Shenzhen Stock Exchange, topped US$10 trillion, excluding the Hong Kong Stock Exchange, with about US$5.9 trillion. As of the end of June 2020, foreign investors had bought a total of US$440 billion in Chinese stocks, representing about 2.9% of the total value, and indicating that foreign investors scooped up a total of US$156.6 billion in the stocks just in the first half of 2020. The total value of China's bond market topped US$15.4 trillion, ranked above that of Japan and the U.K., and second only to that of the U.S. with US$40 trillion, as of the beginning of September 2020. As of the end of September 2020, foreign holdings of Chinese bonds reached US$388 billion, or 2.5%, of the total value, notwithstanding an increase by 44.66% year on year. Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. Policyholder and insured are often used as but are not necessarily synonyms, as coverage can sometimes extend to additional insureds who did not buy the insurance. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster.

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Global Tenders, through its proprietary algorithms offers an advanced yet simple to use search option through which the notices can be filtered according to the keywords, sectors, regions, product classifier, deadline, estimated cost with an option to export the results or set as daily email alerts.

Invitation to tender

An invitation to tender (ITT, otherwise known as a call for bids or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been previously assessed for suitability by means of a supplier questionnaire (SQ) or pre-qualification questionnaire (PQQ).

The term "notice inviting tenders" (NIT) is often used in purchasing in India.

An ITT differs from a request for quotation (RFQ) or a request for proposal (RFP), in which case other reasons (technology used, quality) might cause or allow choice of the second best offer. An RFP is a request for a price from a buyer but the buyer would also expect suggestions and ideas on how the project work should be done. RFPs are thus focused on more than just pricing/cost, they entail a bit of consulting from the contractor or vendor. The closest equivalent to an ITT in the mainstream private sector is an RFP which, since public money is not involved, typically has a less rigid structure.

Typology

Open tenders, open calls for tenders, or advertised tenders are open to all vendors or contractors who can guarantee performance.
Restricted tenders, restricted calls for tenders, or invited tenders are only open to selected pre-qualified vendors or contractors. The tender stage may form part of a two-stage process, the first stage of which (as in the expression-of-interest (EOI) tender call) was itself advertised, resulting in a shortlist of selected suitable vendors.
Sole source tenders, where only one potential supplier is invited to submit a tender.

The reasons for using restricted tenders differ in scope and purpose. Restricted tenders can come about because of:
- confidentiality issues (such as in military contracts)
- the need for expeditiousness (as in emergency situations)
- a need to exclude tenderers who do not have the financial or technical capabilities to fulfill the requirements.

A sole source tender may be used where there is essentially only one suitable supplier of the services or product.

Other types of proposal and terms in use include:
EOI – expression of interest
IFB – invitation for bids
ITN – Invitation to negotiate
ITV – invitation to vendors
RFA – request for applications
RFD – request for documentation
RFI – request for information
RFO – request for offers
RFP – request for proposal
RFQ – request for quotation or request for qualifications
RFS – request for services

The online tender process typically involves the following steps:

Publication of tender notice: The procurement agency publishes the tender notice on their website and other online platforms.
Bid submission: Suppliers access the tender documents online, prepare their bids, and submit them electronically before the deadline.
Bid evaluation: The procurement agency evaluates the bids electronically based on the evaluation criteria specified in the tender documents.
Contract award: The contract is awarded to the successful bidder, and the procurement agency notifies all bidders of the outcome.

Note that the tender process may vary depending on the procurement agency and the type of tender. Therefore, it is essential to carefully review the tender documents and follow the instructions provided.

Some portion of this article uses material from the Wikipedia article "Invitation to tender", which is released under the Creative Commons Attribution-Share-Alike License 3.0. Tags: China Insurance Tenders, China Insurance Bids, China Insurance Global Tenders, China Insurance International Tenders, RFPs, RFQs, EOI, ICBs, Contract awards.

Summary:
Announcement Of Public Bidding For The Application System Code Inspection And Quality Evaluation Service Project Of The Medical Insurance Information Platform Of The National Medical Insurance Administration
Country:
China
 
Notice Type:
Invitation for Bids
Deadline:
29 Jun 2023
Summary:
[Ruijin City] Jiangxi Hengtai Engineering Management Co., Ltd.'S Announcement On The Correction Of The 2023 Targeted Anti-Poverty Insurance Work Project (Project Number: Jxht2023-Rj-G002) Of The Rural Revitalization Bureau Of Ruijin City
Country:
China
 
Notice Type:
Invitation for Bids
Deadline:
24 Jun 2023
Summary:
Wugang City Medical Security Bureau Urban And Rural Residents Basic Medical Insurance 2023 Accidental Injury Insurance Service Project First Bid (Package)
Country:
China
Estimated Cost:
CNY 6386142
Notice Type:
Invitation for Bids
Deadline:
23 Jun 2023
Summary:
Provincial Social Insurance Service Center-Hainan Provincial Social Insurance Service Center Risk Prevention And Control Service Procurement Project-Competitive Negotiation Announcement
Country:
China
Estimated Cost:
CNY 213
Notice Type:
Invitation for Bids
Deadline:
23 Jun 2023
Summary:
Hainan Disabled Persons' Federation-Purchasing Commercial Insurance Projects For Severely Disabled Persons (2023) (Unified Recruitment And Sub-Signing)-Public Bidding Announcement
Country:
China
Estimated Cost:
CNY 1000
Notice Type:
Invitation for Bids
Deadline:
30 Jun 2023
Summary:
Pingshan County Agriculture And Rural Bureau 2023 Policy Flue-Cured Tobacco Insurance Service Procurement Project Procurement Correction Announcement (First Time)
Country:
China
 
Notice Type:
Invitation for Bids
Deadline:
23 Jun 2023
Summary:
Tangshan Entry-Exit Border Inspection Station "China Frontier Inspection 13301" Duty Boat Insurance Service Correction Announcement
Country:
China
 
Notice Type:
Invitation for Bids
Deadline:
23 Jun 2023
Summary:
National Medical Security Administration 2023 Annual Medical Insurance Fund Unannounced Inspection Project Public Tender Announcement
Country:
China
 
Notice Type:
Invitation for Bids
Deadline:
28 Jun 2023
Summary:
Xinyang City Fire Rescue Detachment Firefighters Personal Accident Insurance Procurement Project Change Announcement
Country:
China
 
Notice Type:
Invitation for Bids
Deadline:
22 Jun 2023
Summary:
2023 Luoyang Yanshi District Precision Poverty Prevention Insurance Project
Country:
China
Estimated Cost:
CNY 700000
Notice Type:
Invitation for Bids
Deadline:
23 Jun 2023