Tender

23/010 - Gas Networks Ireland Gas Infrastructure Insurance Broking Services

GAS NETWORKS IRELAND

This public procurement record has 1 release in its history.

Tender

10 Aug 2023 at 11:09

Summary of the contracting process

The Gas Networks Ireland is seeking to enter into a competitive tendering process for Gas Infrastructure Insurance Broking Services. The procurement process aims to establish a Framework Agreement with a sole provider to cover property damage, business interruption, public liability, pollution, product liability, and terrorism insurance. The tender involves a competitive dialogue process to ensure optimal cover at the best price, with a submission deadline of 11th September 2023.

This tender opportunity presents a significant business growth potential for insurance brokers and companies specialized in financial and insurance services. The tender, led by Gas Networks Ireland, offers the opportunity to provide comprehensive insurance services for gas infrastructure assets. Businesses with experience in insurance broking, claims services, and expertise in insurance market changes would be well-suited to compete in this selective procurement procedure that requires a negotiated procedure with prior call for competition.

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Notice Title

23/010 - Gas Networks Ireland Gas Infrastructure Insurance Broking Services

Notice Description

GNI is undertaking a competitive tendering process, seeking to enter into a Framework Agreement with a sole provider to meet its requirements for the provision of GNI Gas Infrastructure Insurance Broking Services. It is intended that a single framework agreement will be awarded pursuant to this tender competition. In summary, this consists of the following cover: 1. Property damage in respect of assets with a value of approx. EUR3.6 Billion. 2. Business Interruption Insurance. 3. Public Liability Insurance with a limit of indemnity of EUR300 Million 4. Pollution and Product Liability with a limit of indemnity of EUR300 Million 5. Terrorism Insurance EUR250 Million. GNI wishes to discuss the level and conditions of the cover going forward with the short-listed Applicants as part of a competitive dialogue process to ensure that it achieves the optimal cover available at the best price in the current market for its infrastructure. However, applicants should assume that the 2023 Energy Insurance Package is indicative of the scope of insurance policies they will be required to place in 2024 when the policies forming the 2023 Energy Insurance Package expire. The scope of services also includes: - * Advise GNI as required on all insurance matters relating to the placing of policies relating to its infrastructure and business. * Review jointly with GNI the programme biannually to incorporate business and insurance market changes. * Provide insurance broking services as may be sought by GNI and its subsidiaries from time to time. * Claims Services to GNI in regard to GNI claims / recoveries against insurers. * Assist GNI in drafting relevant insurance/indemnity sections of contracts and/or other agreements in order to reflect the insurances applicable and the obligations of each party to contract. * Advise in respect of any other insurances that may be considered necessary on a contract-by contract basis. * Provide day to day service to GNI in respect of the servicing of this account. * Attend regular review meetings with GNI to continuously review policy coverage, placement strategy, claims performance and other improvement opportunities. * Ensure that the Insurers continue to satisfy the criteria applied as part of their selection, in particular with regard to credit rating.

Lot Information

Lot 1

GNI is undertaking a competitive tendering process, seeking to enter into a Framework Agreement with a sole provider to meet its requirements for the provision of GNI Gas Infrastructure Insurance Broking Services. It is intended that a single framework agreement will be awarded pursuant to this tender competition. In summary, this consists of the following cover: 1. Property damage in respect of assets with a value of approx. EUR3.6 Billion. 2. Business Interruption Insurance. 3. Public Liability Insurance with a limit of indemnity of EUR300 Million 4. Pollution and Product Liability with a limit of indemnity of EUR300 Million 5. Terrorism Insurance EUR250 Million. GNI wishes to discuss the level and conditions of the cover going forward with the short-listed Applicants as part of a competitive dialogue process to ensure that it achieves the optimal cover available at the best price in the current market for its infrastructure. However, applicants should assume that the 2023 Energy Insurance Package is indicative of the scope of insurance policies they will be required to place in 2024 when the policies forming the 2023 Energy Insurance Package expire. The scope of services also includes: - * Advise GNI as required on all insurance matters relating to the placing of policies relating to its infrastructure and business. * Review jointly with GNI the programme biannually to incorporate business and insurance market changes. * Provide insurance broking services as may be sought by GNI and its subsidiaries from time to time. * Claims Services to GNI in regard to GNI claims / recoveries against insurers. * Assist GNI in drafting relevant insurance/indemnity sections of contracts and/or other agreements in order to reflect the insurances applicable and the obligations of each party to contract. * Advise in respect of any other insurances that may be considered necessary on a contract-by contract basis. * Provide day to day service to GNI in respect of the servicing of this account. * Attend regular review meetings with GNI to continuously review policy coverage, placement strategy, claims performance and other improvement opportunities. * Ensure that the Insurers continue to satisfy the criteria applied as part of their selection, in particular with regard to credit rating. Additional information: You must submit through the eTenders system before the deadline. It is very important that you commence the scanning & uploading of your response in a timely manner. The system will automatically lockdown at the exact time specified in the Tender documents. Tenders that are not fully uploaded by the response deadline will not be accepted by the system. Please submit via the eTenders system not later than 12.00 hrs (local time) on Monday 11th September 2023 www.etenders.gov.ie/system-user-guides

Renewal: Option to extend for 4 years

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03ee99
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/023371-2023
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

Notice Value(s)

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

Notice Dates

Publication Date
10 Aug 20232 years ago
Submission Deadline
11 Sep 2023Expired
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

Contracting Authority (Buyer)

Main Buyer
GAS NETWORKS IRELAND
Contact Name
Tender Admin
Contact Email
tenders@gasnetworks.ie
Contact Phone
Not specified

Buyer Location

Locality
CORK
Postcode
T12R X96
Post Town
Not specified
Country
Not specified

Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified

Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

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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