Consulate General of the Republic of Korea in Atlanta

(The Korean Consulate General in Atlanta Bid Invitation #2026-02)

Open Bid Invitation [Medical Insurance]

1. Description: Medical Insurance for the Korean Consulate in Atlanta (Medical, Vision, Dental)

2. Qualification

• ●Insurance carrier that meets basic eligibility for participation in the bid (refer to Decree Article 12*) and that successfully follows the procedures set out below.  

• ●Insurance carriers with a rating of A or above by A.M.Best are preferred.  

• ●Prospective bidders should not be undergoing any legal disputes (including liquidation, M&A, disposal, legal composition, court receivership), as of the date the notice was written.  

• ●Prospective bidders should not have received any legal warnings by the related Government

3. Registration Due: From Sep. 4th, 2026 to Sep. 14th, 2026 by 11:59 p.m. (EST)

- Submit the required documents below to atl_admin@mofa.go.kr

• ●Registration form (Attached [Form1])

• ●Brief portfolio (Information of insurer and the concerned insurance, current clients, scale of the company, etc.)

• ●Bidding price proposal (Attached [Form2]) and the contract format (including minimum coverage information)

4. Bidding Result: To be informed individually after Sep. 15th, 2026, via email or call

5. Determining a Successful Tenderer

• ●Among bidders whose offer prices are at or below the pre-estimated price and at or above the minimum acceptable bid rate of 47.995%, evaluation shall proceed starting with the lowest-priced bidder; the bidder who, by combining the bid price score and the contract performance capability evaluation score, attains a qualifying passing score of 85 points or higher shall be the successful bidder.  

• ●The examination on qualification of bidders will be based on competency, such as past performance, company size, insurer financial strength rating.  

• ●In the event a successful bidder fails to meet the qualification standard before signing the contract, or decides to forfeit the contract, a bidder which scored the next highest grade may be granted the contract pending examination.

7. Expected Investment Range: Under USD272,000

8. Contract Schedule:

• ●Contract Signing: Within 10 days from the result announcement 

• ●※ If the successful bidder does NOT wish to continue the contract, it is required that the bid deposit (5% of EIR, waived at registration) be paid to the Consulate (*Decree Article 37, 38).  

• ●Contract period: Jan 1st, 2027 ~ Dec 31st, 2027

9. Bidding Invalidation:

• ●Applicants that do not meet the stated qualifications will not be considered for this bid.

• ●Applications with insufficient, forged and counterfeit documents will not be considered (*Decree Article76).

10. Others:

• ●All bidders are obliged to be fully aware of information specified in bid invitation. The Korean Consulate is not held responsible for any issues arising from misinterpretation by bidder.  

• ●The Korean Consulate promotes transparency and fairness in contracts (*Decree Article5-2), and a successful bidder must sign ‘Pledge to Implement Integrity Pact’ and ‘Confidentiality Agreement’.  

• ●The Korean Consulate may request bidding deposit and contract deposit according to the *Decree Article 37 and 50.  

• ●Any difference of interpretation would follow the interpretation of the Consulate.  

• ●Inquiry: atl_admin@mofa.go.kr, or 404-522-1611 

• ●* Enforcement Decree of the Act on Contracts to Which the State Is A Party (Korea)

September 4th, 2026

The Consulate General of the Republic of Korea in Atlanta