Modification of a contract/concession during its term
Legal Basis:
Directive 2014/24/EU
Section I: Contracting authority/entity
Section II: Object
II.1)Scope of the procurement
II.1.1)Title:
EIB Group Joint External Audit Services
Reference number: LZ-1267
II.1.2)Main CPV code79212000 Auditing services
II.1.3)Type of contractServices
II.2)Description
II.2.1)Title:
External audit services for the EIF.
Lot No: B
II.2.3)Place of performanceNUTS code: LU000 Luxembourg
II.2.4)Description of the procurement at the time of conclusion of the contract:
Perform an audit (and express an opinion thereon) of: the financial statements of European Investment Fund, the group consolidation packages submitted by the European Investment Fund to the European Investment Bank for the consolidated EIB Group financial statements, the financial statements of mandates managed by the European Investment Fund on behalf of the European Union represented by the European Commission, the financial statements of mandates managed by the European Investment Fund on behalf of third parties and provide other audit-related services including relevant audit opinion either for the EIF or when required in the context of the administration of mandates by the EIF on behalf of other parties.
II.2.7)Duration of the contract, framework agreement, dynamic purchasing system or concessionDuration in months: 60
In the case of framework agreements, provide justification for any duration exceeding 4 years:
Initial 5 years + option for a second term of 5 years (at the discretion of the contracting authority). Ten-year maximum duration of contract aligned to term of joint audit engagement set out in Article 17(1) of Regulation(EU) No 537/2014 of the European Parliament and of the Council — 5 + 5-year period to allow amortisation of time and cost spent building up cumulative knowledge of the EIB Group.
II.2.13)Information about European Union fundsThe procurement is related to a project and/or programme financed by European Union funds: no
Section IV: Procedure
IV.2)Administrative information
IV.2.1)Contract award notice concerning this contract Section V: Award of contract/concession
Title:
Lot B: External Audit Services for the EIF
V.2)Award of contract/concession
V.2.1)Date of conclusion of the contract/concession award decision:21/12/2016
V.2.2)Information about tendersThe contract/concession has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor/concessionaireOfficial name: KPMG Luxembourg
Postal address: 39, avenue John F. Kennedy
Town: Luxembourg
NUTS code: LU000 Luxembourg
Country: Luxembourg
The contractor/concessionaire is an SME: no
V.2.4)Information on value of the contract/lot/concession (at the time of conclusion of the contract;excluding VAT)Total value of the procurement: 3 488 500.00 EUR
Section VI: Complementary information
VI.3)Additional information:
VI.4)Procedures for review
VI.5)Date of dispatch of this notice:08/01/2020
Section VII: Modifications to the contract/concession
VII.1)Description of the procurement after the modifications
VII.1.1)Main CPV code79212000 Auditing services
VII.1.2)Additional CPV code(s)
VII.1.3)Place of performanceNUTS code: LU000 Luxembourg
VII.1.4)Description of the procurement:
Perform an audit (and express an opinion thereon) of: the financial statements of European Investment Fund, the group consolidation packages submitted by the European Investment Fund to the European Investment Bank for the consolidated EIB Group financial statements, the financial statements of mandates managed by the European Investment Fund on behalf of the European Union represented by the European Commission, the financial statements of mandates managed by the European Investment Fund on behalf of third parties and provide other audit-related services including relevant audit opinion either for the EIF or when required in the context of the administration of mandates by the EIF on behalf of other parties.
VII.1.5)Duration of the contract, framework agreement, dynamic purchasing system or concessionDuration in months: 60
In the case of framework agreements, provide justification for any duration exceeding 4 years:
Initial 5 years + option for a second term of 5 years (at the discretion of the contracting authority). Ten-year maximum duration of contract aligned to term of joint audit engagement set out in Article 17(1) of Regulation(EU) No 537/2014 of the European Parliament and of the Council — 5 + 5-year period to allow amortisation of time and cost spent building up cumulative knowledge of the EIB Group.
VII.1.6)Information on value of the contract/lot/concession (excluding VAT)Total value of the contract/lot/concession: 6 977 000.00 EUR
VII.1.7)Name and address of the contractor/concessionaireOfficial name: KPMG Luxembourg
Postal address: 39, avenue John F. Kennedy
Town: Luxembourg
NUTS code: LU000 Luxembourg
Country: Luxembourg
The contractor/concessionaire is an SME: no
VII.2)Information about modifications
VII.2.1)Description of the modificationsNature and extent of the modifications (with indication of possible earlier changes to the contract):
Second 50 % increase of the initial Lot B framework agreement.
VII.2.2)Reasons for modificationNeed for modification brought about by circumstances which a diligent contracting authority/entity could not foresee (Art. 43(1)(c) of Directive 2014/23/EU, Art. 72(1)(c) of Directive 2014/24/EU, Art. 89(1)(c) of Directive 2014/25/EU)
Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances:
Second increase by 50 % of the initial FA needed due to:
1) Significant increase of mandates managed by EIF; and
2) Additional audit requirements linked to the implementation of the Omnibus Act to be delivered by the service provider, who shall deliver audit control reports on an annual basis starting in 2019.
VII.2.3)Increase in priceUpdated total contract value before the modifications (taking into account possible earlier contract modifications and price adaptions and, in the case of Directive 2014/23/EU, average inflation in the Member State concerned)
Value excluding VAT: 5 232 750.00 EUR
Total contract value after the modifications
Value excluding VAT: 6 977 000.00 EUR