Official UK procurement notice
Provision of Insurance Services
Authority: FLOOD RE LIMITED (Central government)
What is being bought6 lots · detail below
Published requirement descriptionFloodRe requires the provision of reinsurance services including Aggregate XL, Quota Shares, and Risk XL Capacity.
CPV: Insurance services · Reinsurance services
Lots and requirements (6)Procurement structure
6 lots · no lot values published · evaluation weights differ by lotLot #1Layer 1 Aggregate XLRenewal
Lot 1 - Layer 1 Aggregate XL
Lot #2Layer 2 Aggregate XLRenewal
Lot 2 - Layer 2 Aggregate XL
Lot #3Layer 3 Aggregate XLRenewal
Lot 3 - Layer 3 Aggregate XL
Lot #4Layer 4 Aggregate XLRenewal
Lot 4 - Layer 4 Aggregate XL
Lot #5Quota ShareRenewal
Lot 5 - Quota Share
Lot #6Risk XLRenewal
Lot 6 - Risk XL
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).
Lots publish different evaluation splits; there is no single procedure weighting.
| Lot | Quality | Price | Social value | Split |
|---|---|---|---|---|
| 1 · Layer 1 Aggregate XL | 45% | 50% | 5% | |
| 2 · Layer 2 Aggregate XL | 50% | 45% | 5% | |
| 3 · Layer 3 Aggregate XL | 50% | 45% | 5% | |
| 4 · Layer 4 Aggregate XL | 50% | 45% | 5% | |
| 5 · Quota Share | 50% | 45% | 5% | |
| 6 · Risk XL | 45% | 50% | 5% |
- Price carries 45–50 points depending on the lot; most lots put it at 45 points.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Competitive procedure with negotiation
- 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
- Yes
- First published
- 2 Sept 2024, 09:54 BST
- Last source update
- 2 Sept 2024, 09:54 BST
- FTS notice number
2024/S 000-027865- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-049711Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
How it was run
Official notice- Submission deadline
- 17 Oct 2024, 11:59 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
Timeline
2 Sept 2024 → 17 Oct 2024 · 2 dates- Notice published2 Sept 2024, 09:54 BST
- Submission deadline17 Oct 2024, 11:59 BST
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Public Procurement Review ServicesReview body
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.