Official UK procurement notice
IFRS 17 Solution · UK public procurement notice
Authority: FLOOD RE LIMITED (Central government)
What is being bought2 lots · detail below
Published requirement descriptionProvision of a solution to meet the IFRS 17 requirements (from both an Actuarial and Finance perspectives): IFRS 17 parametrization, fulfilment cashflows, loss & loss recovery component calculations, discount rates, financial accounting ledger postings, production of financial statements and disclosures.
CPV: Actuarial services · Financial management consultancy services
Lots and requirements (2)Procurement structure
2 lots · no lot values published · a supplier may bid for at most 1 of them · same evaluation weights on every lotLot #1Provision for financial calculations and reporting outputsRenewal
Lot #2Provision for financial and Actuarial calculations with relevant reporting outputsRenewal
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 (4)
- Support: 20%
- Solution: 50%
- price: 25%
- Social/Value: 5%
Published award criteria (4)
- Support: 20%
- Social/Value: 5%
- Solution: 50%
- Price: 25%
- Price carries 25 of 100 points: a 10% discount moves about 2.5 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 · publisher note attached- 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
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 22 Nov 2021, 12:25 GMT
- Last source update
- 7 Dec 2021, 14:15 GMT
- Award evaluation window
- 5 Dec 2022 – …
- FTS notice number
2021/S 000-030369- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02f8d3Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: (MT Ref:224550)
How it was run
Official notice- Submission deadline
- 5 Jan 2022, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 5 Dec 2022, 12:00 GMT
Timeline
7 Dec 2021 → 5 Dec 2022 · 3 dates- Notice published7 Dec 2021, 14:15 GMT
- Submission deadline5 Jan 2022, 12:00 GMT
- Bids opened5 Dec 2022, 12:00 GMT
Notice history
2 releases on Find a TenderPublished amendments (1)
Amendment to Contract Notice Section II.I.6 (Information about Lots): The Authority Flood Re has decided to delete the note ‘Tenders may be submitted for one lot only’. This means that bidders will be allowed to bid for both Lots.
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.