Black Sea Arena applied to the Procurement Agency to implement a simplified purchase of insurance service due to the bad weather in order to cancel 9 events in the case of need. The company pays GEL 48,500 for the insurance of financial losses caused by bad weather. The period includes from July 31 to August 25.
As it is written in the explanation card, Black Sea Arena Georgia makes a simplified purchase due to the fact that the events are planned in Ozurgeti region, in the village of Natanebi, in an open space and the mentioned region is characterized by heavy rains, the purchase of insurance is conditioned to avoid financial losses.
According to their explanation, the company conducted market research. However, the insurance companies do not have a similar product on the Georgian market, therefore, it became necessary to conduct individual negotiations with insurance companies, which prolonged the market research. According to them, Black Sea Arena received an offer from only one company to compensate for financial losses due to bad weather.
According to them, due to the fact that the first event of Black Sea Arena is scheduled for July 31, 2022, they cannot attend the tender procedures. For this reason, the company requests a simplified purchase.
In this way, Balck Sea Arena will probably sign a contract with the only company that made an offer to them during the market research.
