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Finland Insurance Tenders and Bids

Get access to latest Finland insurance tenders and bids. Find business opportunities and government contracts for Finland insurance tenders, accidental insurance, Finland medical insurance, banking insurance, government insurance tenders Finland, risk insurance, Finland insurance services tenders, Finland insurance consultancy tenders, building insurance tenders. Find Finland insurance tenders, bids, procurement, RFPs, RFQs, ICBs. The economy of Finland is a highly industrialised, mixed economy with a per capita output similar to that of western European economies. The largest sector of Finland's economy is services at 72.7 percent, followed by manufacturing and refining at 31.4 percent. Primary production is 2.9 percent. With respect to foreign trade, the key economic sector is manufacturing. The largest industries are electronics, machinery, vehicles and other engineered metal products, forest industry and chemicals. Finland has timber and several mineral and freshwater resources. The Greater Helsinki area generates around a third of GDP. Finland has the 4th largest knowledge economy in Europe, behind Sweden, Denmark and the UK. The economy of Finland tops the ranking of the Global Information Technology 2014 report by the World Economic Forum for concerted output between the business sector, the scholarly production and the governmental assistance on information and communications technology. Aviapolis, Vantaa is one of the most significant growing economic areas in Finland. Finland is highly integrated in the global economy, and international trade represents a third of the GDP. Trade with the European Union represents 60 percent of the country's total trade. The largest trade flows are with Germany, Russia, Sweden, the United Kingdom, the United States, the Netherlands and China. The trade policy is managed by the European Union, where Finland has traditionally been among the free trade supporters, except for agriculture. 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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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: Finland Insurance Tenders, Finland Insurance Bids, Finland Insurance Global Tenders, Finland Insurance International Tenders, RFPs, RFQs, EOI, ICBs, Contract awards.
Summary:
Purchase Of Insurance
Country:
Finland
 
Notice Type:
Tender Notice
Deadline:
14 Dec 2023
Posting Date:
16 Nov 2023
 
 
 
Summary:
Purchase Of Insurance
Country:
Finland
 
Notice Type:
Tender Notice
Deadline:
14 Dec 2023
Posting Date:
15 Nov 2023
 
 
 
Summary:
Procurement Of Insurance Brokerage Services
Country:
Finland
 
Notice Type:
Tender Notice
Deadline:
08 Dec 2023
Posting Date:
10 Nov 2023
 
 
 
Summary:
Procurement Of Insurance Brokerage Services
Country:
Finland
 
Notice Type:
Tender Notice
Deadline:
08 Dec 2023
Posting Date:
09 Nov 2023
 
 
 
Summary:
Sysmä Municipality - Purchase Of Insurance Cover
Country:
Finland
 
Notice Type:
Tender Notice
Deadline:
05 Dec 2023
Posting Date:
06 Nov 2023
 
 
 
Summary:
Sysmä Municipality - Purchase Of Insurance Cover
Country:
Finland
 
Notice Type:
Tender Notice
Deadline:
05 Dec 2023
Posting Date:
06 Nov 2023
 
 
 
Summary:
Purchase Of Insurance
Country:
Finland
Estimated Cost:
EUR 13200000
Notice Type:
Tender Notice
Deadline:
05 Dec 2023
Posting Date:
03 Nov 2023
 
 
 
Summary:
Purchase Of Insurance
Country:
Finland
 
Notice Type:
Tender Notice
Deadline:
05 Dec 2023
Posting Date:
02 Nov 2023
 
 
 
Summary:
Purchase Of Insurance
Country:
Finland
 
Notice Type:
Tender Notice
Deadline:
01 Dec 2023
Posting Date:
31 Oct 2023