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IFRS 17 Solution

Flood Re

This public procurement record has 2 releases in its history.

TenderUpdate

07 Dec 2021 at 14:15

Tender Notice
Tender

22 Nov 2021 at 12:25

Tender Notice
Summary of the contracting process

The public procurement process is being conducted by Flood Re, a UK-based organisation located at 75 King William Street, London. The title of the procurement is "IFRS 17 Solution," which falls under the industry category of financial management consultancy services. The procurement stage is currently at the tender phase, with a deadline for submissions set for 5 January 2022. Interested parties can submit their bids electronically, and the process follows an open procurement method. The contract covers a period of up to 1,800 days, with a possibility of renewal for an additional three years.

This tender presents an opportunity for businesses specialising in financial consultancy and actuarial services to grow through collaboration with Flood Re. Firms with expertise in IFRS 17 requirements, financial calculations, and reporting outputs will be well-suited to compete for this contract. The competitive evaluation criteria include quality solutions, support, and price, highlighting the importance of innovative and cost-effective offerings from potential bidders.

How relevant is this notice?

Notice Information

Notice Title

IFRS 17 Solution

Notice Description

Provision of a solution to meet the IFRS 17 requirements (from both an Actuarial and Finance perspectives): IFRS 17 parametrization, fulfilment cashflows, loss & loss recovery component calculations, discount rates, financial accounting ledger postings, production of financial statements and disclosures.

Lot Information

Provision for financial calculations and reporting outputs

Provision of a solution to meet the IFRS 17 requirements (from both an Actuarial and Finance perspectives): IFRS 17 parametrization, fulfilment cashflows, loss & loss recovery component calculations, discount rates, financial accounting ledger postings, production of financial statements and disclosures.

Renewal: Possible 3 years

Provision for financial and Actuarial calculations with relevant reporting outputs

Provision of a solution to meet the IFRS 17 requirements (from both an Actuarial and Finance perspectives): IFRS 17 parametrization, fulfilment cashflows, loss & loss recovery component calculations, discount rates, financial accounting ledger postings, production of financial statements and disclosures.

Renewal: Possible 3 years

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02f8d3
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030369-2021
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66519600 - Actuarial services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Dec 20214 years ago
Submission Deadline
5 Jan 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Flood Re
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC4N 7BE
Postcode Area
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI4 Inner London - East
Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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