Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Flood Re Ltd
8670444
75 King William Street
London
EC4N 7BE
UK
E-mail: tom.gleis@floodre.co.uk
NUTS: UKI
Internet address(es)
Main address: www.floodre.co.uk
Address of the buyer profile: https://www.mytenders.co.uk/search/Search_AuthProfile.aspx?ID=AA28508
I.4) Type of the contracting authority
Regional or local agency/office
I.5) Main activity
Economic and financial affairs
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.1.7) Total value of the procurement
Value excluding VAT:
6 000 000.00
GBP
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
Quality criterion: Quality
/ Weighting: 65 %
Price
/ Weighting:
35 %
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
Restricted 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 242-594814
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
01/07/2020
V.2.2) Information about tenders
Number of tenders received: 3
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 3
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 3
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Guy Carpenter and Company Ltd as Appointed Representative of Marsh Ltd and part of Marsh McLennan Companies
London
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 6 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
(MT Ref:219872)
VI.4) Procedures for review
VI.4.1) Review body
Public Procurement Review Service
Cabinet Office
London
UK
Telephone: +44 3450103503
E-mail: publicprocurementreview@cabinetoffice.gov.uk
Internet address(es)
URL: https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit
VI.5) Date of dispatch of this notice
06/07/2020