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 single party framework agreement. 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 operate a defined benefit pension scheme in association with the Turf Club and require an independent company advisor to provide advice in the following areas:
(a) actuarial & consultancy services;
(b) investment management advice and expertise
For a detailed description of services please refer to the attached Invitation to tender document.
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:
Object Scope of the procurement
Title:
“Single Party Framework for the Provision of Independent Company Pension Advisory Services to Horse Racing Ireland and Subsidiaries
INDEPENDENT PENSION ADVISOR”
Products/services: Pension fund consultancy 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 single party Framework Agreement. 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 operate a Defined Benefit Pension Scheme in association with the Turf Club and require an independent company advisor to provide advice in the following areas:
(a) actuarial and consultancy services;
(b) investment management advice and expertise.
For a detailed description of services please refer to the attached Invitation to Tender document.
Show more
Total value of the procurement (excluding VAT): EUR 280 000 💰
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.
The Contracting Authority is employing the open procedure to award this single party Framework Agreement. 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 operate a Defined Benefit Pension Scheme in association with the Turf Club and require an independent company advisor to provide advice in the following areas:
(a) actuarial and consultancy services;
(b) investment management advice and expertise.
HRI has a requirement to obtain advice independent from the advisors to the Scheme. This advice may include, but not be limited to:
— ongoing actuarial advice to the Contracting Authority on funding issues,
— advise on the impact to the employer of legislative changes,
— professional support and advisory services,
— review of investment strategy and advising on the appropriateness of same,
— attendance at meetings with employers and Trustees,
— identification in identification of alternative investment strategies,
— miscellaneous advice as may be required from time to time.
For a detailed description of services please refer to the attached Invitation to Tender document.
Show more Award criteria
Quality criterion (name): Understanding of requirements and contract management
Quality criterion (weighting): 25
Quality criterion (name): Technical merit of the resources proposed
Quality criterion (weighting): 30
Quality criterion (name): Value-added services
Quality criterion (weighting): 5
Price (weighting): 40
Procedure Type of procedure
Open procedure
Information about framework agreement
The procurement involves the establishment of a framework agreement
Administrative information
Previous publication concerning this procedure: 2018/S 012-023257
Award of contract
1️⃣
Contract Number: 1
Title:
“Single Party Framework for the Provision of Independent Company Pension Advisory Services to Horse Racing Ireland and Subsidiaries”
Date of conclusion of the contract: 2018-06-13 📅
Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 1
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: 5
Name and address of the contractor
Name: Joseph G. Byrne and Sons Consulting Actuaries Limited
National registration number: IE9672052A
Postal address: 28 Dale Road
Postal town: Dublin
Postal code: Kilmacud
Country: Ireland 🇮🇪
Phone: +353 12881618📞
E-mail: kieran@byrneactuary.com📧
Fax: +353 12782748 📠
Region: Éire/Ireland🏙️
URL: http://www.byrneactuary.com🌏
The contractor is an SME ✅ Information on value of the contract/lot (excluding VAT)
Estimated total value of the contract/lot: EUR 140 000 💰
Total value of the contract/lot: EUR 280 000 💰
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 subcontractors 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📧
Fax: +353 18886088 📠
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 227-519766 (2018-11-21)