Official UK procurement notice
Catastrophe Lawyer procurement · UK public procurement notice
Authority: FLOOD RE LIMITED (Central government)
What is being bought
Published requirement descriptionFlood Re to seek provision for external legal services to advise on and support the issuance of an indemnity trigger catastrophe bond (the "Cat Bond") as part of a wider re-procurement of its outwards reinsurance programme to be effective from 1 April 2025. It is likely that Flood Re will consider the issuance of such a bond at least every three years thereafter and has a preference for long term supplier relationships however, that longer term opportunity does not form part of this ITT
CPV: Internal audit services
The lotProcurement structure
single lot · no lot value publishedLot #1
What it takes to wini
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 morei
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).
Published sub-criteria (3)
- Technical: 55%
- price: 40%
- Social: 5%
Published award criteria (3)
- Technical: 55
- Social: 5
- Price: 40
- Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Closed
- 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
- 6 Aug 2024, 17:00 BST
- Last source update
- 6 Aug 2024, 17:00 BST
- Award evaluation window
- 2 Sept 2024 – …
- FTS notice number
2024/S 000-024739- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-048837Find a Tender
How it was run
Official notice- Submission deadline
- 2 Sept 2024, 11:59 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 2 Sept 2024, 12:00 BST
Timeline
6 Aug 2024 → 2 Sept 2024 · 3 dates- Notice published6 Aug 2024, 17:00 BST
- Submission deadline2 Sept 2024, 11:59 BST
- Bids opened2 Sept 2024, 12:00 BST
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Public Procurement Review ServiceReview body
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.