The Central Bank is establishing a multi-party Framework Agreement for the provision of actuarial expertise and assistance to the Central Bank across a range of areas including; undertaking assessments, reviews, inspections or audits of pricing, product development, reserving, claims analysis, risk mitigation techniques (reinsurance and hedging), and investment strategies (“Specific Exercises”) of (re)insurance undertakings regulated by the Central Bank and to report on (as required) their findings.
Deadline
The time limit for receipt of tenders was 2018-12-10.
The procurement was published on 2018-11-08.
Object Scope of the procurement
Title: Provision of Actuarial Services for the Central Bank of Ireland
2018P044
Products/services: Actuarial services📦
Short description:
“The Central Bank is establishing a multi-party Framework Agreement for the provision of actuarial expertise and assistance to the Central Bank across a...”
Short description
The Central Bank is establishing a multi-party Framework Agreement for the provision of actuarial expertise and assistance to the Central Bank across a range of areas including; undertaking assessments, reviews, inspections or audits of pricing, product development, reserving, claims analysis, risk mitigation techniques (reinsurance and hedging), and investment strategies (“Specific Exercises”) of (re)insurance undertakings regulated by the Central Bank and to report on (as required) their findings.
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Estimated value excluding VAT: EUR 1 200 000 💰
The Central Bank is establishing a multi-party Framework Agreement for the provision of actuarial expertise and assistance to the Central Bank across a range of areas including; undertaking assessments, reviews, inspections or audits of pricing, product development, reserving, claims analysis, risk mitigation techniques (reinsurance and hedging), and investment strategies (“Specific Exercises”) of (re)insurance undertakings regulated by the Central Bank and to report on (as required) their findings.
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Price is not the only award criterion and all criteria are stated only in the procurement documents
Scope of the procurement
Estimated total value excluding VAT: EUR 1 200 000 💰
Duration of the contract, framework agreement or dynamic purchasing system
The time frame below is expressed in number of months.
Description
Duration: 48
Duration of the contract, framework agreement or dynamic purchasing system
This contract is subject to renewal ✅ Description
Description of renewals:
“Any Framework Agreement that may result from this Competition will be issued for a term of two (2) years (“Term”). The Central Bank may extend the Term on...”
Description of renewals
Any Framework Agreement that may result from this Competition will be issued for a term of two (2) years (“Term”). The Central Bank may extend the Term on the same terms and conditions for a period or periods of up to twelve (12) months with a maximum of twenty four (24) months.
Renewal will be at the end of the term of the framework agreement that results from this competition.
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Additional information:
“All information relating to the tender will be published on www.etenders.gov.ie only RFT ID: 142202”
Legal, economic, financial and technical information Economic and financial standing
Selection criteria as stated in the procurement documents
Technical and professional ability
Selection criteria as stated in the procurement documents
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
Procedure Type of procedure
Open procedure
Information about a framework agreement or a dynamic purchasing system
Framework agreement with several operators
Description
Envisaged maximum number of participants to the framework agreement: 10
Administrative information
Time limit for receipt of tenders or requests to participate: 2018-12-10
12:00 📅
Languages in which tenders or requests to participate may be submitted: English 🗣️
The time frame below is expressed in number of months.
Minimum time frame during which the tenderer must maintain the tender: 6
Conditions for opening of tenders: 2018-12-10
12:00 📅
Complementary information Information about recurrence
This is a recurrent procurement ✅
Estimated timing for further notices to be published: 2023
Additional information
“All information relating to the tender is published on www.etenders.gov.ie only RFT ID: 142202” Review body
Name: High Court
Postal town: Dublin
Country: Ireland 🇮🇪
Source: OJS 2018/S 217-496502 (2018-11-08)