Services - 256202-2019

03/06/2019    S105    - - Services - Contract notice - Competitive procedure with negotiation 

Denmark-Copenhagen: Financial loss insurance services

2019/S 105-256202

Contract notice


Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses
Finansiel Stabilitet
Sankt Annæ Plads 13, 2. tv
København K
Contact person: Asia Khan
Telephone: +45 46348957
NUTS code: DK01

Internet address(es):

Main address:

I.2)Information about joint procurement
The procurement documents are available for unrestricted and full direct access, free of charge, at:
Additional information can be obtained from another address:
Marsh A/S
Teknikerbyen 1
Contact person: Pernille Palsby
Telephone: +45 45959568
NUTS code: DK01

Internet address(es):

Main address:

Tenders or requests to participate must be submitted electronically via:
Tenders or requests to participate must be submitted to the abovementioned address
I.4)Type of the contracting authority
Body governed by public law
I.5)Main activity
Economic and financial affairs

Section II: Object

II.1)Scope of the procurement

Directors and Officers Liability Insurance — Primary Layer

II.1.2)Main CPV code
II.1.3)Type of contract
II.1.4)Short description:

Directors and officers liability insurance for the management of the Contracting Authority and its subsidiaries.

II.1.5)Estimated total value
II.1.6)Information about lots
This contract is divided into lots: no
II.2.2)Additional CPV code(s)
II.2.3)Place of performance
NUTS code: DK01
Main site or place of performance:

København K.

II.2.4)Description of the procurement:

Directors and officers liability insurance for the management of the Contracting Authority and its subsidiaries.

II.2.5)Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated value
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 12
This contract is subject to renewal: yes
Description of renewals:

Option for renewal of the contract for additional 2 times 12 months after expiry of the initial 12 months contract period.

II.2.9)Information about the limits on the number of candidates to be invited
II.2.10)Information about variants
Variants will be accepted: no
II.2.11)Information about options
Options: yes
Description of options:

Option for renewal of the contract for additional 2 times 12 months after expiry of the initial 12 months contract period.

Option to offer a worldwide coverage with a limit of liability of respectively 15 000 000 EUR and 20 000 000 EUR.

II.2.12)Information about electronic catalogues
II.2.13)Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation
III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
III.1.2)Economic and financial standing
List and brief description of selection criteria:

It is a requirement that the candidate's financial rating is at least A- (Standard and Poor's) or equivalent.

Minimum level(s) of standards possibly required:

See above.

III.1.3)Technical and professional ability
III.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
Execution of the service is reserved to a particular profession
Reference to the relevant law, regulation or administrative provision:

Chapter 3, Section 11 and Chapter 5 of the Danish Financial Business Act (Consolidated Act No 457 of 24.4.2019).

III.2.2)Contract performance conditions:

Payment of insurance premium 30 days after inception.

III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure

IV.1.1)Type of procedure
Competitive procedure with negotiation
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.5)Information about negotiation
IV.1.6)Information about electronic auction
IV.1.8)Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: no
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure
IV.2.2)Time limit for receipt of tenders or requests to participate
Date: 01/07/2019
Local time: 23:59
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates
Date: 05/07/2019
IV.2.4)Languages in which tenders or requests to participate may be submitted:
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
Duration in months: 3 (from the date stated for receipt of tender)
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence
This is a recurrent procurement: yes
Estimated timing for further notices to be published:

June 2021.

VI.2)Information about electronic workflows
Electronic invoicing will be accepted
VI.3)Additional information:

A. The tendered contract is the primary layer of a director and officers Insurance programme. The excess layers will be subject to a separate tender procedure (the estimated time for the contract notice to be published is October 2019);

B. When applying for pre-qualification, the candidates must submit the ESPD as preliminary documentation of that the candidate is not covered by any exclusion grounds and has the required financial rating;

C. Agents: if the candidate acts as an agent for an insurance company implying that the insurance company will eventually be party to the contract with Finansiel Stabilitet and thus the final issuer of the insurance policy, the ESPD must be completed by the insurance company. The agent is not required to complete and ESPD;

D. Joint applications/consortiums: if a group of insurance companies — either directly or through an agent acting on behalf of the insurance companies — apply for participation as a group and intend to submit an offer as a group, each of the insurance companies must complete an ESPD.

VI.4)Procedures for review
VI.4.1)Review body
Klagenævnet for Udbud
Nævnenes Hus, Toldboden 2
Telephone: +45 72405708

Internet address:

VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
Precise information on deadline(s) for review procedures:

Reference is made to Act No 593 of 2.6.2016 — ‘lov om Klagenævnet for Udbud’. For complaints regarding decisions relating to the pre-qualification stage, the deadline for submission of complaints is 20 days from the date after the decision in question has been notified to the candidates. For other complaints, the deadline for submission of complaints is 45 days calculated from the day after the date on which the contract award decision has been notified to the tenderers.

VI.4.4)Service from which information about the review procedure may be obtained
Konkurrence- og Forbrugerstyrelsen
Carl Jacobsens Vej 35
Telephone: +45 41715000

Internet address:

VI.5)Date of dispatch of this notice: