CPV 660 – Financial and Insurance Services

What does CPV 660 cover?

CPV group 660 covers general financial and insurance services within the EU's Common Procurement Vocabulary. It is the parent code for Division 66 and is used when a contract combines several financial or insurance services, or where the contract cannot be clearly assigned to a more specific subordinate code. Public contracting authorities use this code for comprehensive financial services framework agreements encompassing both banking and insurance services.

Financial and insurance services play an important role in the public sector. Municipalities require banking services for treasury operations and payment transactions, insurance services for properties and vehicle fleets, and financing instruments for capital investment projects. Public companies secure their operational risks through framework insurance contracts and manage their liquidity through banking partners.

The procurement of financial services is legally complex. Some financial services, particularly in the investment field, are subject to exemptions under procurement law. Insurance services, by contrast, are generally subject to competitive tendering when the relevant threshold values are exceeded. Regulatory supervision by national financial supervisory authorities and the specific regulatory requirements of the financial sector shape the eligibility qualifications in this area. The full CPV structure is available at the European Commission (SIMAP) and Regulation (EC) No 213/2008.

Typical Services in CPV 660

Examples of Tenders with CPV 660

• Comprehensive financial services framework for a regional authority: A regional government tenders a financial services framework agreement combining banking services for payment transactions, a credit facility and a comprehensive insurance package for public buildings.
• Financing advisory for a municipal infrastructure project: A city authority tenders financing advisory services for the construction of a new civic administration centre, including structuring of a municipal bond and interest rate risk hedging.
• Risk management framework for a municipal utility: A municipal energy supply company tenders an overarching risk management package encompassing business interruption insurance, liability cover and treasury services for energy volume management.

Current tenders with CPV 660 are published on TED (Tenders Electronic Daily) and on national procurement platforms such as the German Procurement Portal (DTVP).

Who is CPV 660 relevant for?

Public Contracting Authorities

Municipalities, regional and central government authorities, public companies and municipal utility undertakings are the principal contracting authorities under CPV 660. This code is particularly used for overarching financial services frameworks that bundle various banking and insurance services. Central procurement bodies use it for coordinated award on behalf of multiple public institutions. Further guidance is available from the Federal Ministry for Economic Affairs and Climate Action (BMWK).

Companies and Bidders

Banks, insurance companies and financial services providers with a broad service portfolio are the typical bidders. Regulatory authorisations from national supervisory authorities, credit ratings, equity capital evidence and references for comparable public contracts are typical eligibility requirements. Joint ventures between banks and insurers are possible for combined tenders.

How does Bond help with CPV 660?

Tender Match – Automatically Find Tenders (CPV 660)

With tender.match, financial service providers and insurance companies automatically receive all relevant tenders with CPV 660 directly in their dashboard. BOND indexes tenders from over 1,000 procurement portals in the EU – from TED to national platforms and regional contracting authorities. Instead of manually searching dozens of portals every day, matching financial and insurance service contracts are filtered and delivered by industry, competency, region, and company profile. An automated gap analysis immediately shows where the company meets the requirements and where gaps exist. This ensures companies never miss a deadline and can focus on preparing their bids.

Company Match – Find the Right Partners and Suppliers (CPV 660)

For companies looking for suppliers, subcontractors, or consortium partners for financial service projects, company.match provides direct access to qualified firms from an EU-wide database of over 28 million companies. Especially for larger combined financial service tenders that a single company cannot handle alone, company.match automatically identifies suitable partners for bidding consortia and partial services – increasing the chances of winning the contract.

Frequently Asked Questions about CPV 660

What does the CPV code 66000000 mean?

The CPV code 66000000 designates the parent code for all financial and insurance services within the EU's Common Procurement Vocabulary. It is used when a public contract covers multiple categories of financial or insurance services, or for comprehensive framework agreements combining banking and insurance services for public bodies.

How do I find tenders with CPV 660?

Tenders are published on TED (Tenders Electronic Daily) for EU-wide procedures and on national platforms such as the German Procurement Portal (DTVP). Bond aggregates all relevant tenders automatically.

Which financial services are exempt from procurement rules?

Some financial services – including certain investment transactions, central bank services and transactions related to public debt management – may benefit from exemptions under procurement law. Details are governed by VgV and EU Directive 2014/24/EU, available via EUR-Lex.