The provision of an Actuarial Review of the Social Insurance Fund as at 31 December 2020
Department of Social Protection
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.
The time limit for receipt of tenders was 2022-02-07. The procurement was published on 2022-01-07.
SuppliersThe following suppliers are mentioned in award decisions or other procurement documents:
- • Kpmg
- • Engineering, auxiliary, average, loss, actuarial and salvage insurance services › Actuarial services
- • Financial consultancy, financial transaction processing and clearing-house services › Financial consultancy services
Procurement history
| Date | Document |
|---|---|
| 2022-01-07 | Contract notice |
| 2022-05-31 | Contract award notice |
Contract notice (2022-01-07)
Object
Scope of the procurement
Title: Actuarial services
Short description:
Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union
Common procurement vocabulary (CPV)
Code: Actuarial services 📦
Additional CPV: Financial and insurance services 📦
Place of performance
NUTS region: Éire/Ireland 🏙️
Procedure
Procedure type: Open procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender
Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Ministry or any other national or federal authority
Awarding authority name: Department of Social Protection
Postal address: College Road
Postal code: Ie
Postal town: Sligo
Contact
Internet address: https://www.gov.ie/en/organisation/department-of-employment-affairs-and-social-protection/ 🌏
E-mail: alan.mcgettigan@welfare.ie 📧
Phone: +353 719148367 📞
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=204951&B=ETENDERS_SIMPLE 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=204951&B=ETENDERS_SIMPLE 🌏
Reference
Dates
Date dispatched: 2022-01-07 📅
Submission deadline: 2022-02-07 📅
Publication date: 2022-01-12 📅
Identifiers
Notice number: 2022/S 008-015804
OJ-S issue: 8
Object
Scope of the procurement
Short description:
Estimated total value: 600 000 EUR 💰
Estimated value excluding VAT: 600 000 EUR 💰
Duration: 36 months
Description of renewals:
Procedure
Legal basis: 32014L0024
Time of receipt of tenders: 12:00
Languages in which tenders or requests to participate may be submitted: English 🗣️
Tender validity period: 6 months
Tender opening date: 2022-02-07 📅
Tender opening time: 12:00
Contracting authority
Identity
National registration number: N/a
Contact
Contact point: Alan McGettigan
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/349 🌏
Documents URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=204951&B=ETENDERS_SIMPLE 🌏
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)
Object
Scope of the procurement
Title: 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 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
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union
Common procurement vocabulary (CPV)
Code: Actuarial services 📦
Additional CPV: Financial and insurance services 📦
Place of performance
NUTS region: Éire/Ireland 🏙️
Procedure
Procedure type: Open procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender
Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Ministry or any other national or federal authority
Awarding authority name: Department of Social Protection
Postal address: College Road
Postal code: Ie
Postal town: Sligo
Contact
Internet address: https://www.gov.ie/en/organisation/department-of-employment-affairs-and-social-protection/ 🌏
E-mail: alan.mcgettigan@welfare.ie 📧
Phone: +353 719148367 📞
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=204951&B=ETENDERS_SIMPLE 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=204951&B=ETENDERS_SIMPLE 🌏
Reference
Dates
Date dispatched: 2022-01-07 📅
Submission deadline: 2022-02-07 📅
Publication date: 2022-01-12 📅
Identifiers
Notice number: 2022/S 008-015804
OJ-S issue: 8
Object
Scope of the procurement
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.
Show more
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.
Estimated value excluding VAT: 600 000 EUR 💰
Duration: 36 months
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.
Procedure
Legal basis: 32014L0024
Time of receipt of tenders: 12:00
Languages in which tenders or requests to participate may be submitted: English 🗣️
Tender validity period: 6 months
Tender opening date: 2022-02-07 📅
Tender opening time: 12:00
Contracting authority
Identity
National registration number: N/a
Contact
Contact point: Alan McGettigan
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/349 🌏
Documents URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=204951&B=ETENDERS_SIMPLE 🌏
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
Reference number: 1076
Total value of the procurement: 329 440 EUR 💰
Notice metadata
Document type: Contract award notice
Procedure
Type of bid: Not applicable
Reference
Dates
Date dispatched: 2022-05-31 📅
Publication date: 2022-06-03 📅
Identifiers
Notice number: 2022/S 107-301531
Refers to notice: 2022/S 008-015804
OJ-S issue: 107
Additional information
Estimated value is best estimate at time of tender and may be subject to change
Object
Place of performance
Main site or place of performance: Dublin
Procedure
Award criteria
Quality criterion (name): Actuarial review
Quality criterion (weighting): 60%
Quality criterion (name): Project management
Quality criterion (weighting): 10%
Price (weighting): 30%
Award of contract
Date of contract conclusion: 2022-05-12 📅
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 📧
Internet address: http://www.kpmg.ie 🌏
Total value of the procurement: 329 440 EUR 💰
Information about tenders
Number of tenders received: 2
Source: OJS 2022/S 107-301531 (2022-05-31)
Object
Scope of the procurement
Reference number: 1076
Total value of the procurement: 329 440 EUR 💰
Notice metadata
Document type: Contract award notice
Procedure
Type of bid: Not applicable
Reference
Dates
Date dispatched: 2022-05-31 📅
Publication date: 2022-06-03 📅
Identifiers
Notice number: 2022/S 107-301531
Refers to notice: 2022/S 008-015804
OJ-S issue: 107
Additional information
Estimated value is best estimate at time of tender and may be subject to change
Object
Place of performance
Main site or place of performance: Dublin
Procedure
Award criteria
Quality criterion (name): Actuarial review
Quality criterion (weighting): 60%
Quality criterion (name): Project management
Quality criterion (weighting): 10%
Price (weighting): 30%
Award of contract
Date of contract conclusion: 2022-05-12 📅
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 📧
Internet address: http://www.kpmg.ie 🌏
Total value of the procurement: 329 440 EUR 💰
Information about tenders
Number of tenders received: 2
Source: OJS 2022/S 107-301531 (2022-05-31)
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