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Services - 437582-2015

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12/12/2015    S241

United Kingdom-London: Financial and insurance services

2015/S 241-437582

Prior information notice


Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Official name: Defra
Postal address: 17 Nobel House
Town: London
Postal code: SW1P 3JR
Country: United Kingdom
For the attention of: Johnson Angela
Telephone: +44 2072385921

Further information can be obtained from:
The above mentioned contact point(s)

I.2)Type of the contracting authority
National or federal agency/office
I.3)Main activity
I.4)Contract award on behalf of other contracting authorities
The contracting authority is purchasing on behalf of other contracting authorities: no

Section II.B: Object of the contract (Supplies or services)

II.1)Title attributed to the contract by the contracting authority:
Provision of Loss Adjusting Services to Defra for the Thames Tideway Tunnel.
II.2)Type of contract and place of delivery or of performance
Service category No 6: Financial services a) Insurances services b) Banking and investment services
London, United Kingdom.


II.3)Information on framework agreement
The notice involves the establishment of a framework agreement: no
II.4)Short description of nature and quantity or value of supplies or services:
The Thames Tideway Tunnel (TTT) will tackle unacceptable sewage discharges into the tidal river Thames. It is a large and complex project with a capital value exceeding 4 000 000 000 GBP. It will be delivered in the private sector by Bazalgette Tunnel Limited (the Infrastructure Provider), backed by Government's contingent financial support package (referred to as the Government Support Package (GSP).
The detail of Government's insurance related support under the GSP is set out in the Supplemental Compensation Agreement (SCA). Through the SCA Defra will provide insurance cover to the Infrastructure Provider above the limits of commercial insurance and where any agreed insurances become unavailable. While the insurance support provided by the SCA covers high-impact low probability risks Defra needs to be ready to investigate, assess and settle claims under the SCA in the unlikely event of a significant insurance event. The loss adjustor would have a key role in advising on Government's liability under the SCA and in managing and advising on claims for excess loss under the SCA with the aim of keeping Defra's financial exposure under the SCA to a minimum.
The proposed contract length is for 3 years with an option to extend for 2 years. In a business as usual scenario, tasks will include reviewing and assessing summaries of quarterly (non-GSP) insurance claims summaries and risk surveys, and participating in claims related meetings. In the event of a significant insurance event the loss adjuster will:
— Influence the handling and settlement strategy for dealing with significant insurance events and the resulting claims;
— Comment upon whether the amounts claimed are fair and reasonable and that the claims fall within the scope of the insurance coverage.
II.5)Common procurement vocabulary (CPV)

66000000 Financial and insurance services, 66500000 Insurance and pension services

II.6)Scheduled date for start of award procedures
II.7)Information about Government Procurement Agreement (GPA)
II.8)Additional information:
A Supplier Engagement Day will be held in London on 22.1.2016 where more information will be provided on Defra's requirement for loss adjusting services. It is anticipated that Defra will also gather further information on the loss adjusting market, on the services provided and to better understand how loss adjusters might be able to support Defra's obligations under the SCA. There will also be the opportunity to question Defra on its involvement in the TTT and its obligations under the SCA. Further details can be obtained from the procurement contact (Annex A).
This notice does not constitute a call for competition to procure any services for Defra and other UK public bodies and neither this notice nor any information presented at the Supplier Engagement Day should be regarded as a commitment or representation on the part of the Authority to enter into a contractual arrangement.
The estimated date for publication of the contract notice is by 31.3.2016.
The Contracting Authority intends to use an eTendering system in this procurement exercise and reserves the right to use a reverse auction.

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract
III.1.1)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
Standard Defra contract Terms and Conditions, with payment on a time and materials basis.
III.2)Conditions for participation
III.2.1)Information about reserved contracts

Section VI: Complementary information

VI.1)Information about European Union funds
VI.2)Additional information:
The Contracting Authority intends to use an eTendering system in this procurement exercise and reserves the right to use a reverse auction.
VI.3)Information on general regulatory framework
VI.4)Date of dispatch of this notice: