Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Private Infrastructure Development Group
6 Bevis Marks
London
EC3A 7BA
UK
Contact person: Mr Jeffrey Bunting
Telephone: +44 7760474155
E-mail: jeffrey.bunting@pidg.org
NUTS: UKI31
Internet address(es)
Main address: www.pidg.org
I.4) Type of the contracting authority
Other: Body funded by government
I.5) Main activity
Other: Funding infrastructure in developing areas
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Credit Insurance Brokerage
II.1.2) Main CPV code
66518100
II.1.3) Type of contract
Services
II.1.4) Short description
Broker services for the provision of credit insurance for projects that are funded for execution in Africa and Asia.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Lowest offer:
10 000.00
GBP/ Highest offer:
1 000 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
66517100
II.2.3) Place of performance
NUTS code:
UKI31
Main site or place of performance:
London.
II.2.4) Description of the procurement
Services of brokers to arrange non-payment insurance for new and existing credit exposures in South and South East Asia and Pacific, Sub-Saharan and North Africa and the Middle East over the coming years.
GuarantCo intends to instruct brokers to work up and place insurance policies on a transaction-by-transaction basis to manage GuarantCo’s internally set single name and country risk exposure limits, covering only exposures in excess of limits.
II.2.5) Award criteria
Quality criterion: Historic coverage in target markets
/ Weighting: 40
Quality criterion: Value add in respect of selling the business and approach to claims management
/ Weighting: 45
Cost criterion: Commercial fee competitiveness
/ Weighting: 15
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2019/S 224-549623
Section V: Award of contract
Title: Credit Insurance Brokerage
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
28/02/2020
V.2.2) Information about tenders
Number of tenders received: 4
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 4
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Willis Towers Watson
London
UK
NUTS: UKI31
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
Lowest offer:
10 000.00
GBP
/ Highest offer:
1 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Title: Credit Insurance Brokerage
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
28/02/2020
V.2.2) Information about tenders
Number of tenders received: 4
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 4
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
BPL Global
London
UK
NUTS: UKI31
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
Lowest offer:
10 000.00
GBP
/ Highest offer:
1 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
The High Court of Justice
The Strand
London
WC2A 2LL
UK
Internet address(es)
URL: https://www.judiciary.gov.uk/
VI.5) Date of dispatch of this notice
14/04/2020