Find a TenderClosed
Published 2 Jun 2021, 08:45 BST

Official UK procurement notice

Flood Re Outwards Reinsurance Programme Bid Process

Official notice

Authority: FLOOD RE LIMITED (Central government)

5 lotsServicesCompetitive procedure with negotiation
Budget not disclosedValue not published
Submissions closed 1 Jul 2021
Lots 5see the lot list below
Contract term 3 yrsends 31 Mar 2025 · extension options published · starts 1 Apr 2022

What is being bought5 lots · detail below

Published requirement description

Provision of Lead Capacity for Reinsurance Programmes

  • Recurrence: 3 years

CPV: Reinsurance services

Lots and requirements (5)Procurement structure

5 lots · no lot values published
Lot #1Provision of Property Reinsurance Aggregate Excess of Loss Sub-layerRenewal 3 yrs

Provision of Property Reinsurance Excess of loss for a Sub-layer as more fully described in the ITT

Contract period: 1 Apr 2022 – 31 Mar 2025 (3 yrs)
Delivery: UK
Extensions: The Minimum Policy period required is 3 yearsSecond stage: 3–null candidates invited to tenderVariant bids: not allowed
Lot #2Property Reinsurance Aggregate Excess Layer 1Renewal 3 yrs

Provision of Property Reinsurance Aggregate Excess of Loss for layer 1 as more fully described in the ITT

Contract period: 1 Apr 2022 – 31 Mar 2025 (3 yrs)
Delivery: UK
Extensions: The Minimum Policy period required is 3 yearsSecond stage: 3–null candidates invited to tenderVariant bids: not allowed
Lot #3Property Reinsurance Aggregate Excess Layer 2Renewal 3 yrs

Provision of Property Reinsurance Aggregate Excess of Loss for layer 2 as more fully described in the ITT

Contract period: 1 Apr 2022 – 31 Mar 2025 (3 yrs)
Delivery: UK
Extensions: The Minimum Policy period required is 3 yearsSecond stage: 3–null candidates invited to tenderVariant bids: not allowed
Lot #4Provision of Property Reinsurance Quota ShareRenewal 3 yrs

Provision of Property Reinsurance Quota Share as more fully described in the ITT

Contract period: 1 Apr 2022 – 31 Mar 2025 (3 yrs)
Delivery: UK
Extensions: The Minimum Policy period required is 3 years.Second stage: 3–null candidates invited to tenderVariant bids: not allowed
Lot #5Provision of Property - Risk Excess of loss layerRenewal 3 yrs

Provision of Property Reinsurance Risk Excess of Loss programme as more fully described in the ITT

Contract period: 1 Apr 2022 – 31 Mar 2025 (3 yrs)
Delivery: UK
Extensions: The Minimum Policy period required is 3 yearsSecond stage: 3–null candidates invited to tenderVariant 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
Conditions of participation1
  • Suitability

    Please refer to the Standard Selection Questionnaire

Successive reduction
Candidates will be reduced successively across stages

Procedure terms & legal framework

From the official record · publisher note attached
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 · 3 years
First published
2 Jun 2021, 08:45 BST
Last source update
2 Jun 2021, 08:45 BST
FTS notice number
2021/S 000-012239
Classification (CPV)
Reinsurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-02b741 Find a Tender

Publisher note: 1. The Contracting Authority reserves the right to not hold a negotiation phase should it wish to accept an initial bid. 2. The Contracting Authority reserves the rights to deselect bidders who do not meet the requirement of the Standard Selection Questionnaire 3. The Contracting Authority reserves the right to cancel the Bid Process if circumstances dictate that this is an appropriate action. 4. All ITT and information pertaining to the tender will be provided on successful completion of the SSQ phase. (MT Ref:222979)

How it was run

Official notice
Submission deadline
1 Jul 2021, 12:00 BST
Submission channel
{"written"}
Accepted languages
en
Participation fee
document

Timeline

2 Jun 2021 → 1 Apr 2022 · 4 dates
  1. Notice published
    2 Jun 2021, 08:45 BST
  2. Submission deadline
    1 Jul 2021, 12:00 BST
  3. Invitations to tender expected
    19 Jul 2021, 00:00 BST
  4. Contract starts
    1 Apr 2022, 00:00 BST

Contracting authority & participating public bodies

Flood Re Limited

Contracting authorityCentral GovernmentRegional or local agency/officeProvision of Reinsurance 75 King William Street, London, London, EC4N 7BEContact email, phone Published organisation website ↗

Dispute resolution & review bodies

  • Public Procurement Review ServiceReview body LondonContact email, phone

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