The provision of a managed Mortgage Protection Insurance (“MPI”) providing death and disability benefits for Local Authority borrowers.
(i) A fully underwritten Mortgage Protection Insurance scheme for persons who newly avail or have previously availed of house purchase loan finance from Local Authorities (the Main Scheme) and to cover the rental equity portion of Shared Ownership loans (the SO Scheme) and other mortgage elements, and;
(ii) Oversight, administration and management of the scheme to include;
• Premium collections and management
• Claims management
• Liaison with Local Authorities on all matters as they relate to operation and administration of the scheme
• Regular Reporting
Deadline
The time limit for receipt of tenders was 2021-12-03.
The procurement was published on 2021-11-17.
Object Scope of the procurement
Title:
“Provision of a managed Mortgage Protection Insurance (“MPI”) providing death and disability benefits for Local Authority borrowers
TD 110 2021”
Products/services: Insurance services📦
Short description:
“The provision of a managed Mortgage Protection Insurance (“MPI”) providing death and disability benefits for Local Authority borrowers.
(i) A fully...”
Short description
The provision of a managed Mortgage Protection Insurance (“MPI”) providing death and disability benefits for Local Authority borrowers.
(i) A fully underwritten Mortgage Protection Insurance scheme for persons who newly avail or have previously availed of house purchase loan finance from Local Authorities (the Main Scheme) and to cover the rental equity portion of Shared Ownership loans (the SO Scheme) and other mortgage elements, and;
(ii) Oversight, administration and management of the scheme to include;
• Premium collections and management
• Claims management
• Liaison with Local Authorities on all matters as they relate to operation and administration of the scheme
• Regular Reporting
Show more
Estimated value excluding VAT: EUR 6 000 000 💰
1️⃣
Additional products/services: Financial and insurance services📦
Place of performance: Éire/Ireland🏙️
Main site or place of performance: Dublin 8, D08 H56R
Description of the procurement:
“The provision of a managed Mortgage Protection Insurance (“MPI”) providing death and disability benefits for Local Authority borrowers.
(i) A fully...”
Description of the procurement
The provision of a managed Mortgage Protection Insurance (“MPI”) providing death and disability benefits for Local Authority borrowers.
(i) A fully underwritten Mortgage Protection Insurance scheme for persons who newly avail or have previously availed of house purchase loan finance from Local Authorities (the Main Scheme) and to cover the rental equity portion of Shared Ownership loans (the SO Scheme) and other mortgage elements, and;
(ii) Oversight, administration and management of the scheme to include;
• Premium collections and management
• Claims management
• Liaison with Local Authorities on all matters as they relate to operation and administration of the scheme
• Regular Reporting
Show more Award criteria
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 6 000 000 💰
Duration of the contract, framework agreement or dynamic purchasing system
The time frame below is expressed in number of months.
Description
Duration: 12
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
Accelerated procedure:
“The LGMA is required to proceed with an accelerated tender procedure to ensure that cover is provided from 1st January 2022. The LGMA will be the...”
Accelerated procedure
The LGMA is required to proceed with an accelerated tender procedure to ensure that cover is provided from 1st January 2022. The LGMA will be the contracting authority for the purpose of this tender and it will adhere to the same terms and conditions as the current contract that is in place, namely life and disability. This procurement will last for a period of one year.
Show more Administrative information
Time limit for receipt of tenders or requests to participate: 2021-12-03
17:00 📅
Languages in which tenders or requests to participate may be submitted: English 🗣️
Conditions for opening of tenders: 2021-12-03
17:00 📅
Complementary information Review body
Name: High Court
Postal address: Inns Quay
Postal town: Dublin 7
Country: Ireland 🇮🇪
Phone: +353 18886000📞
E-mail: highcourtcentraloffice@courts.ie📧
URL: http://www.highcourtcentraloffice@courts.ie 🌏
Source: OJS 2021/S 226-595350 (2021-11-17)