Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Flood Re Ltd
75 King William Street
London
EC4N 7BE
UK
Contact person: Adrian Draper-Oatley
E-mail: Adrian.Draper-Oatley@capita.com
NUTS: UKI
Internet address(es)
Main address: www.floodre.co.uk
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://secure.sourcedogg.com/
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://secure.sourcedogg.com/
I.4) Type of the contracting authority
Regional or local agency/office
I.5) Main activity
Other: Flood Re purpose is to promote the availability and affordability of household flood insurance for eligible homes
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Reinsurance Broking and Enhanced Technical Services
II.1.2) Main CPV code
66518100
II.1.3) Type of contract
Services
II.1.4) Short description
Provision of outward reinsurance broking services in respect UK domestic Flood reinsurance and enhanced technical services related thereto including:
(i) exposure data augmentation;
(ii) routine catastrophe model running;
(iii) model selection, understanding and adjustment;
(iv) dynamic financial analysis modelling.
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
66515300
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
Provision of outwards reinsurance broking services in respect of UK domestic Flood reinsurance and enhanced technical services related thereto including:
— exposure data augmentation including geocoding and rebuild value for all UK households for Flood Re's portfolio,
— routine catastrophe model running,
— model selection, understanding and adjustment,
— dynamic financial analysis modelling.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 72
This contract is subject to renewal: Yes
Description of renewals:
Decision on renewal is subject to extension options being/not being exercised. The earliest the contract can be re-procured is therefore 3 years from the date of commencement.
II.2.9) Information about the limits on the number of candidates to be invited
Envisaged number of candidates: 5
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
Option to extend the contract from its initial 3 year term for up to a further 3 years (up to 6 years in total).
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 III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
III.2) Conditions related to the contract
III.2.2) Contract performance conditions
See tender documents.
III.2.3) Information about staff responsible for the performance of the contract
Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Restricted procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
23/01/2020
Local time: 12:00
IV.2.3) Estimated date of dispatch of invitations to tender or to participate to selected candidates
Date:
18/02/2020
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 6 (from the date stated for receipt of tender)
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
Yes
Estimated timing for further notices to be published:
Minimum 3 years
VI.2) Information about electronic workflows
Electronic invoicing will be accepted
Electronic payment will be used
VI.3) Additional information
Documents are available under the following link: https://secure.sourcedogg.com/.
Please register to the portal and assign to the project.
(MT Ref:218336)
VI.4) Procedures for review
VI.4.1) Review body
Flood Re Ltd
75 King William Street
London
EC4N 7BE
UK
Internet address(es)
URL: www.floodre.co.uk
VI.5) Date of dispatch of this notice
11/12/2019