Horse Racing Ireland (HRI) was established by the Irish Government under the Horse and Greyhound Racing Act 2001 and the Irish Horseracing Industry Act 1994. It is a commercial semi-state body that is responsible for the administration, promotion and development of horse racing in Ireland. The contracting authority is employing the open procedure to award this contract. In accordance with the provisions governing the conduct of the open procedure, any interested economic operator may tender for appointment as the successful tenderer.
Horse Racing Ireland and Subsidiaries require the full range of pension administration and consultancy services, as follows:
1) Pension Administrative Services;
2) Actuarial Services;
3) Consultancy Services;
4) Investment Management Services;
5) Legal & Documentation Services.
Please refer to the attached Invitation to Tender document for a detailed description of requirements.
Deadline
The time limit for receipt of tenders was 2018-02-21.
The procurement was published on 2018-01-16.
Suppliers
The following suppliers are mentioned in award decisions or other procurement documents:
Contracting authority (additional)
Name: Please refer to published ITT document
Postal town: Please refer to published ITT document
Contracting authority
E-mail: procure@hri.ie📧 Information about joint procurement
The contract involves joint procurement
Object Scope of the procurement
Title:
“Contract for the Provision of Pension Administration and Consultancy Services – DB Scheme to Horse Racing Ireland and Subsidiaries
PENSION ADMINISTRATION DB SCHEME”
Title
Contract for the Provision of Pension Administration and Consultancy Services – DB Scheme to Horse Racing Ireland and Subsidiaries
PENSION ADMINISTRATION DB SCHEME
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Products/services: Pension services📦
Short description:
“Horse Racing Ireland (HRI) was established by the Irish Government under the Horse and Greyhound Racing Act 2001 and the Irish Horseracing Industry Act...”
Short description
Horse Racing Ireland (HRI) was established by the Irish Government under the Horse and Greyhound Racing Act 2001 and the Irish Horseracing Industry Act 1994. It is a commercial semi-state body that is responsible for the administration, promotion and development of Horse Racing in Ireland. The Contracting Authority is employing the open procedure to award this contract. In accordance with the provisions governing the conduct of the open procedure, any interested economic operator may tender for appointment as the successful tenderer.
Horse Racing Ireland and Subsidiaries require the full range of Pension Administration and Consultancy services, as follows:
(a) pension administrative services;
(b) actuarial services;
(c) consultancy services;
(d) Investment Management Services;
(e) legal and documentation services.
Please refer to the attached Invitation to Tender document for a detailed description of requirements.
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Total value of the procurement (excluding VAT): EUR 600 000 💰
Horse Racing Ireland (HRI) was established by the Irish Government under the Horse and Greyhound Racing Act 2001 and the Irish Horseracing Industry Act 1994. It is a commercial semi-state body that is responsible for the administration, promotion and development of Horse Racing in Ireland. HRI subsidiaries include Irish Thoroughbred Marketing Ltd (ITM), Tote Ireland Ltd and HRI Racecourse Division consisting of Leopardstown Racecourse, Fairyhouse Racecourse, Navan Racecourse, Tipperary Racecourse and Leopardstown Golf Centre. HRI Headquarters are located in Ballymany, Newbridge, Co Kildare.
The Contracting Authority is employing the open procedure to award this contract. In accordance with the provisions governing the conduct of the open procedure, any interested economic operator may tender for appointment as the successful tenderer.
Horse Racing Ireland and Subsidiaries require the full range of Pension Administration and Consultancy services, as follows:
(a) pension administrative services;
(b) actuarial services;
(c) consultancy services;
(d) investment management services;
(e) legal and documentation services.
The scheme, which operates on a defined benefit basis, was established in 2007 to provide retirement and life assurance benefits for its members and is a distinct legal entity, separate in every respect from the principle employer; Horse Racing Ireland. The scheme was established as a result of a merger between 2 schemes — the turf club scheme and the racing regulatory board pension scheme.
Please refer to the attached Invitation to Tender document for a detailed description of requirements.
Show more Award criteria
Quality criterion (name): Proposed methodology for service delivery
Quality criterion (weighting): 25
Quality criterion (name): Technical merit of the resources proposed
Quality criterion (weighting): 20
Quality criterion (name): Contract management
Quality criterion (weighting): 10
Quality criterion (name): Reliability and continuity of service
Quality criterion (weighting): 5
Price (weighting): 40
Procedure Type of procedure
Open procedure
Administrative information
Previous publication concerning this procedure: 2018/S 012-023216
Award of contract
1️⃣
Contract Number: 1
Title:
“Contract for the Provision of Pension Administration and Consultancy Services — DB Scheme to Horse Racing Ireland and Subsidiaries”
Date of conclusion of the contract: 2018-07-03 📅
Information about tenders
Number of tenders received: 2
Number of tenders received from SMEs: 2
Number of tenders received from tenderers from other EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 2
Name and address of the contractor
Name: Invesco
National registration number: N/a
Postal address: 2 Sandyford Business Centre
Postal town: Dublin 18
Postal code: Burtonhall Road, San
Country: Ireland 🇮🇪
Phone: +353 12947600📞
E-mail: gmorrissey@invesco.ie📧
Region: Éire/Ireland🏙️
The contractor is an SME ✅ Information on value of the contract/lot (excluding VAT)
Estimated total value of the contract/lot: EUR 600 000 💰
Total value of the contract/lot: EUR 600 000 💰
Complementary information Additional information
“1) Interested parties must register their interest on the eTenders website (www.etenders.gov.ie) in order to be included on the mailing list for...”
1) Interested parties must register their interest on the eTenders website (www.etenders.gov.ie) in order to be included on the mailing list for clarifications. All information relating to attachments, including clarifications and changes, will be published on the Irish Government Procurement Opportunities Portal (www.etenders.gov.ie) only. Registration is free of charge. The Contracting Authority will not accept responsibility for information relayed (or not relayed) via third parties.
2) This is the sole call for competition for this service.
3) The Contracting Authority will not be responsible for any costs, charges or expenses incurred by tenderers.
4) Establishment of the contract will be subject to the approval of the competent authorities.
5) It will be a condition of establishment that candidates and all sub-contractors are fully tax compliant as part of their application for participation in the competition.
6) If for any reason it is not possible for the successful tenderer to deliver the contract following the conclusion of this competitive process, the Contracting Authority reserves the right to invite the next highest scoring tenderer to join the contract as appropriate. This shall be without prejudice to the right of the contracting authority to cancel this competitive process and/or initiate a new contract award procedure at its sole discretion.
7) At its absolute discretion, the contracting authority may elect to terminate this procurement process or the contract any time.
8) Please note in relation to all documents, that where reference is made to a particular standard, make, source, process, trademark, type or patent, that this is not to be regarded as a de facto requirement. In all such cases it should be understood that such indications are to be treated strictly and solely for reference purposes only, to which the words “or equivalent” will always be appended.
9) Without prejudice to the principle of equal treatment, the contracting authority is not obliged to engage in a clarification process in respect of tender submissions with missing or incomplete information. Therefore, tenderers are advised to ensure that they return fully completed submissions in order to avoid the risk of elimination from the competition.
Show more Review body
Name: The High Court
Postal address: Four Court, Inns Quay
Postal town: Dublin
Country: Ireland 🇮🇪
Phone: +353 18886000📞
E-mail: highcourtcentraloffice@courts.ie📧
URL: http://www.courts,ie 🌏 Body responsible for mediation procedures
Name: Please consult your legal advisor
Postal town: Ireland
Country: Ireland 🇮🇪 Review procedure
Precise information on deadline(s) for review procedures:
“Statutory Instrument No. 130 of 2010 (the Irish Remedies Regulations) provides that review procedures are available in the High Court to a person who has or...”
Precise information on deadline(s) for review procedures
Statutory Instrument No. 130 of 2010 (the Irish Remedies Regulations) provides that review procedures are available in the High Court to a person who has or has had an interest in obtaining the Framework Agreement (including the reviewable public contract) and alleges that he or she has been harmed or is at risk of being harmed by an infringement of the law in relation to that framework agreement and reviewable public contract.
Show more Service from which information about the review procedure may be obtained
Name: Please consult your legal advisor
Postal town: Ireland
Country: Ireland 🇮🇪
Source: OJS 2018/S 227-519764 (2018-11-21)