Find a TenderAwarded
Published 28 Dec 2023, 11:47 GMT

Official UK procurement notice

Capital Markets Advisor(s) · UK public procurement notice

Official notice

Authority: POOL REINSURANCE COMPANY LIMITED·Consortium: 2 public authorities

ServicesOpen procedure
Awarded value£22 contracts · exc. VAT
Submissions closed 9 Feb 2024awarded 12 Aug 2024
Awarded to AON SECURITIES LIMITED, TIGERRISK CAPITAL MARKETS & ADVISORY (UK) LIMITED2 awards

What is being bought

Published requirement description

2 suppliers have been appointed for providing innovative non-traditional solutions and accessing broader capital market solutions to enhance the traditional retrocession protections currently placed for Pool Re by Guy Carpenter. Upon closing of each Transaction, the Client will pay, or cause to be paid, to Aon a fee for the Capital Raised in connection with the Transaction concerned (the "Completion Fee"). Upon closing of each Transaction, the Company shall pay, or cause to be paid, to Howden, fees for Securities sold.

CPV: Financial and insurance services

The lotProcurement structure

single lot · no lot value published
Lot #1AwardedRenewal
Delivery: UK · UK
Extensions: The initial term of this Agreement shall be three (3) years commencing on the Effective Date (“Initial Term”). The Client shall in its sole discretion have the right to extend the Initial Term of the Agreement by up to two (2) separate extensions, each extension being a period not exceeding one (1) year · This appointment will run for a three-year period with options to extend the contract for up to two additional periods of up to one year each making the full term a maximum of five yearsVariant bids: not allowed

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
  • Price
Staff
Names and qualifications of delivery staff must be submitted

Procedure terms & legal framework

From the official record · publisher note attached
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
No (one-off requirement)
First published
28 Dec 2023, 11:47 GMT
Last source update
19 Aug 2024, 17:01 BST
Award evaluation window
9 Feb 2024 – …
Authority reference
PRE00087
FTS notice number
2024/S 000-026360
Classification (CPV)
Financial and insurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-0429ed Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic payment

Publisher note: Pool Re does not bind itself to accept any tender and is not liable for any costs incurred by those expressing an interest or tendering for this opportunity."

How it was run

Official notice
Run through: Jaggaer · Who buys & how to bid on JAGGAER
Supplier login requiredLanguage: EN
Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail
Submission deadline
9 Feb 2024, 14:00 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bid validity
180 days from the deadline
Bids opened
9 Feb 2024, 14:00 GMT
Detailed submission instructions & authority contactsFrom official release

Timeline

9 Feb 2024 → 19 Aug 2024 · 3 dates
  1. Submission deadline
    9 Feb 2024, 14:00 GMT
  2. Bids opened
    9 Feb 2024, 14:00 GMT
  3. Notice published
    19 Aug 2024, 17:01 BST

Notice history

2 events · 2 releases on Find a Tender · since 19 Aug 2024
  1. Status changed to complete
    19 Aug 2024, 17:01 BST
  2. Buyer details updated
    19 Aug 2024, 17:01 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 2
Awarded value £22 contracts exc. VAT
Bids received 6
Contracts signed 2latest 12 Aug 2024
Awarded toValueDateStatus
AON SECURITIES LIMITEDSME£1 †—Awarded
TIGERRISK CAPITAL MARKETS & ADVISORY (UK) LIMITED£1 †—Awarded

Contracts

Bid statistics published by the authority

BidsSMEVCSEValid bid range
6bids———

Contracting authority & participating public bodies

2 public bodies on the notice

POOL REINSURANCE COMPANY LIMITED

Contracting authorityBody governed by public lawEconomic affairs 02798901 47 King William Street, London, UK, EC4R 9AFContact name, email

Dispute resolution & review bodies

  • Royal Court of JusticeReview body London
  • Royal Courts of JusticeReview body London

Bidders & participating suppliers

2 commercial parties on the notice

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria