The successful Tenderer will carry out an Actuarial Review of the financial condition of the Social Insurance Fund (SIF) as at 31 December 2020. This Review will provide an actuarially-based assessment of the future "health" and sustainability of the SIF. In particular, it will examine the impacts of the various potential changes to pension payment rates based on contribution averages, limitation of benefit duration etc. in order to better inform future expenditure. In addition, the Tenderer will be required to model options and recommendations from the report from the Commission on Pensions.
Further actuarial resources will be required at a later date with the Contracting Authority to deal with the analysis of other policy requirements as they arise.
Deadline
The time limit for receipt of tenders was 2022-02-07.
The procurement was published on 2022-01-07.
Suppliers
The following suppliers are mentioned in award decisions or other procurement documents:
Object Scope of the procurement
Title:
“The provision of an Actuarial Review of the Social Insurance Fund as at 31 December 2020”
Products/services: Actuarial services📦
Short description:
“The successful Tenderer will carry out an Actuarial Review of the financial condition of the Social Insurance Fund (SIF) as at 31 December 2020. This Review...”
Short description
The successful Tenderer will carry out an Actuarial Review of the financial condition of the Social Insurance Fund (SIF) as at 31 December 2020. This Review will provide an actuarially-based assessment of the future "health" and sustainability of the SIF. In particular, it will examine the impacts of the various potential changes to pension payment rates based on contribution averages, limitation of benefit duration etc. in order to better inform future expenditure. In addition, the Tenderer will be required to model options and recommendations from the report from the Commission on Pensions.
Further actuarial resources will be required at a later date with the Contracting Authority to deal with the analysis of other policy requirements as they arise.
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Estimated value excluding VAT: EUR 600 000 💰
The successful Tenderer will carry out an Actuarial Review of the financial condition of the Social Insurance Fund (SIF) as at 31 December 2020. This Review will provide an actuarially-based assessment of the future "health" and sustainability of the SIF. In particular, it will examine the impacts of the various potential changes to pension payment rates based on contribution averages, limitation of benefit duration etc. in order to better inform future expenditure. In addition, the Tenderer will be required to model options and recommendations from the report from the Commission on Pensions.
Further actuarial resources will be required at a later date with the Contracting Authority to deal with the analysis of other policy requirements as they arise.
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 600 000 💰
Duration of the contract, framework agreement or dynamic purchasing system
The time frame below is expressed in number of months.
Description
Duration: 36
Duration of the contract, framework agreement or dynamic purchasing system
This contract is subject to renewal ✅ Description
Description of renewals:
“The Contracting Authority reserves the right to extend the Term for a period or periods of up to one year with a maximum of two such extension or extensions...”
Description of renewals
The Contracting Authority reserves the right to extend the Term for a period or periods of up to one year with a maximum of two such extension or extensions on the same terms and conditions, subject to the Contracting Authority's obligations at law.
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
Procedure Type of procedure
Open procedure
Administrative information
Time limit for receipt of tenders or requests to participate: 2022-02-07
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: 2022-02-07
12:00 📅
Complementary information Review body
Name: High Court
Postal address: Four Courts, Inns Quay
Postal town: Dublin
Country: Ireland 🇮🇪
Phone: +353 18886000📞
Source: OJS 2022/S 008-015804 (2022-01-07)
Contract award notice (2022-05-31) Object Scope of the procurement
Title:
“The provision of an Actuarial Review of the Social Insurance Fund as at 31 December 2020
1076”
Total value of the procurement (excluding VAT): EUR 329 440 💰
Description
Main site or place of performance: Dublin
Award criteria
Quality criterion (name): Actuarial review
Quality criterion (weighting): 60%
Quality criterion (name): Project management
Quality criterion (weighting): 10%
Price (weighting): 30%
Procedure Administrative information
Previous publication concerning this procedure: 2022/S 008-015804
Award of contract
1️⃣
Contract Number: 1
Title:
“The provision of an Actuarial Review of the Social Insurance Fund as at 31 December 2020”
Date of conclusion of the contract: 2022-05-12 📅
Information about tenders
Number of tenders received: 2
Number of tenders received by electronic means: 2
Name and address of the contractor
Name: Kpmg
National registration number: 9F54042G
Postal address: 1 Stokes Place
Postal town: Dublin
Postal code: St Stephen's Green
Country: Ireland 🇮🇪
Phone: +353 4101468📞
E-mail: gerard.reilly@kpmg.ie📧
Fax: +353 4121468 📠
Region: Éire/Ireland🏙️
URL: http://www.kpmg.ie🌏
The contractor is an SME
Information on value of the contract/lot (excluding VAT)
Estimated total value of the contract/lot: EUR 329 440 💰
Total value of the contract/lot: EUR 329 440 💰
Complementary information Additional information
Estimated value is best estimate at time of tender and may be subject to change
Source: OJS 2022/S 107-301531 (2022-05-31)