Services - 48759-2021

01/02/2021    S21

Luxembourg-Luxembourg: EIB Group Joint External Audit Services

2021/S 021-048759

Modification notice

Modification of a contract/concession during its term

Legal Basis:
Directive 2014/24/EU

Section I: Contracting authority/entity

I.1)Name and addresses
Official name: European Investment Bank
Postal address: 98-100 Boulevard Konrad Adenauer
Town: Luxembourg
NUTS code: LU000 Luxembourg
Postal code: L-2950
Country: Luxembourg
Contact person: CS Procurement
E-mail: CS-procurement@eib.org
Telephone: +352 43791
Internet address(es):
Main address: http://www.eib.org
Address of the buyer profile: http://www.eib.org/about/procurement/index.htm

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 code
79212000 Auditing services
II.1.3)Type of contract
Services
II.2)Description
II.2.1)Title:

External Audit Services for the EIF.

Lot No: B
II.2.3)Place of performance
NUTS 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 concession
Duration 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). 10-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 funds
The 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
Notice number in the OJ S: 2017/S 014-020815

Section V: Award of contract/concession

Contract No: 2
Lot No: 2
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 tenders
The contract/concession has been awarded to a group of economic operators: no
V.2.3)Name and address of the contractor/concessionaire
Official 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.4.1)Review body
Official name: General Court of the European Union
Postal address: Rue du Fort Niedergrünewald
Town: Luxembourg
Postal code: L-2925
Country: Luxembourg
E-mail: GeneralCourt.Registry@curia.europa.eu
Telephone: +352 43031
Fax: +352 43032100
Internet address: http://curia.europa.eu
VI.5)Date of dispatch of this notice:
20/01/2021

Section VII: Modifications to the contract/concession

VII.1)Description of the procurement after the modifications
VII.1.1)Main CPV code
79212000 Auditing services
VII.1.2)Additional CPV code(s)
VII.1.3)Place of performance
NUTS 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 concession
Duration 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). 10-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: 8 721 250.00 EUR
VII.1.7)Name and address of the contractor/concessionaire
Official 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 modifications
Nature and extent of the modifications (with indication of possible earlier changes to the contract):

Third 50 % increase of the initial Lot B framework agreement.

VII.2.2)Reasons for modification
Need 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:

Third increase by 50 % of the initial FA needed due to increase of the EIF obligation to provide audited EIF financial statements and to provide audited financial statements for almost all the mandates managed by EIF on behalf of the mandators. In addition to the audit of the financial statements, EIF has also to produce audited control reports for the purpose of applying the requirements foreseen by the Omnibus Act. In addition, both the Audit Board of EIF and the Audit Committee of EIB have decided to extend the current audit framework agreement by another 5 years and it will end upon the approval of the financial statements for the year ending 31 December 2024 by the EIF Annual General Meeting of Shareholders.

VII.2.3)Increase in price
Updated 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: 6 977 000.00 EUR
Total contract value after the modifications
Value excluding VAT: 8 721 250.00 EUR