Contract notice: Property insurance services Tender, Greece - 26591893

Procurement Summary

Country : Greece

Summary : Contract notice: Property insurance services

Deadline : 05 Oct 2018

Other Information

Notice Type : Tender

TOT Ref.No.: 26591893

Document Ref. No. : 392615-2018

Competition : ICB

Financier : Self Financed

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : STAVROS NIARCHOS FOUNDATION CULTURAL CENTER SA
Office Name: Stavros Niarchos Foundation Cultural Center SA
Address: 364, Syggrou Ave.
Town: Athens
Postal Code: 17674
Contact Point: Ms Christina Magiria
Greece
Email :tender.insurance@snfcc.org
URL :www.snfcc.org

Tender Details

Object of the contract
Property insurance services

Description: Contract notice: Property insurance services

Authority Type: Other
Contact Nature: Services
Procedure: Competitive procedure with negotiation
Document: Contract notice
Regulation: European Union, with participation by GPA countries
Award criteria: Lowest price
CPV code: 66515200, 66515200
CPV Description: Property insurance services.

Property Damage and Business Interruption (All Risks) Insurance Services

The Company Stavros Niarchos Foundation Cultural Center SA (SNFCC) wishes to assign Property Damage and Business Interruption (All Risks) insurance services (the "Insurance Services") to suitably qualified and experienced organizations/insurance companies, acting in the form of a co-insurance pool, or as a Sole Insurer, by selecting the most economically advantageous offer solely on the basis of the price through a tender procedure.

SNFCC is conducting a Tender, which will be implemented in six (6) phases (the "Phase" or "Phases"), by inviting Participation Requests from suitably qualified and experienced Tenderers, in order to award the Property Damage and Business Interruption (All Risks) insurance services (Phase 1). Following the completion of Phase 1 and the assessment of the Participation Requests, only the pre-selected Tenderers of this Phase will submit their Technical and Financial offers, according to the terms of the Tender Invitation. The Underwriting Information is disposable to the Tenderers, subject to the execution of a Non-Disclosure Agreement between the interested Tenderer and SNFCC, which is annexed at the Invitation (Annex V). Further, following the technical evaluation of the Technical Offer (Phase 2), only the Financial offers, of the short-listed Tenderers whose Technical offers were assessed as technically acceptable, will be opened. The Financial offers will be assessed against the criterion of the most economically advantageous offer on the sole basis of the price (Phase 3). If deemed necessary and in case that no Tenderer will cover as a Sole Insurer the 100 % of the requested insurance services, the selected Offer of a "Leader" Tenderer may then (at SNFCC's discretion) be presented to other short-listed Tenderers which have chosen to participate as "Leader and/or Follower" or "Follower" in a co-insurance pool, in order to achieve full insurance coverage through a co-insurance pool (Phase 4). If deemed necessary, negotiations will take place with the "Followers", which will be able to re-adjust their percentage share in the Risk, in order for SNFCC to award/complete the insurance coverage of the insured Risk to 100 % (Phase 5). The Tender procedure will be completed with Phase 6 (submission of award documentation) and the execution of the Insurance Policy.

Tenderers participating in the Tender are required to be engaged in a professional activity related to the subject of the Insurance services to be provided, namely the provision of insurance services in the form of an insurance company as defined in paragraph 2.1. of the Tender Invitation and meet the terms and conditions below. In particular, it is required that they:

— are licensed to provide insurance services by the competent supervisory authority,

— have a certificate issued by the competent Insurance supervisory authority, either for the current operation of a branch in Greece or for the freedom to provide services in Greece (this applies only for foreign insurance companies).

With regard to the economic and financial capacity for this contract award procedure, Tenderers are required to:

1) Have, an annual average total turnover over the last 3 years (2015, 2016, 2017) of at least 20 000 000, 00 EUR;

2) A solvency ratio (based on the most recent data sent to the Supervisory Authority) exceeding 100 %;

3) Have equity of at least 25 000 000 EUR;

4) Financial statements approved by certified auditors for the last five (5) years;

5) Have all their reinsurers (on treaty or facultative) with a credit rating of at least A from a credit rating agency (e.g. Standard and Poor's and/or Moody's and/or AM Best). All details of the reinsurers shall be mentioned.

Participation Requests, Offers and Award Documentation must be submitted in sealed envelopes, as follows:

(a) Participation Request: one sealed envelope containing the Participation Request in the Tender, clearly stating in this Participation Request, their decision to participate in the Tender and which position they intend to acquire ("Sole Insurer" or "Leader" or "Leader" and/or Follower" or "Follower"), along with a signed ESPD (as per the template provided in Annex I herewith) and any other required documentation under 3.4.5.1 (i.e. the relevant solemn declaration, as per the template provided for in Annex VII and the Minutes of the competent governing body of the Tenderer that are described therein);

(b) Offer (by "Sole insurer" or "Leader" or "Leader and/or Follower" only): one sealed envelope containing (i) a sealed sub-envelope with the Technical Offer (a template is provided in Annex II) along with (ii) a sealed sub-envelope with the Financial Offer (a template is provided in Annex III). In case of Tenderers interested to participate into a co insurance pool, such envelope shall be submitted only by the "Leaders" and "Leaders and/or Followers", along with any other documentation required under par. 3.4.6 and 3.4.7 below

(c) Offer-binding participation share (by "Follower" and "Leader and/or Follower" only): one sealed envelope containing the binding participation share and their agreement to the chosen Leader's Financial Offer (a form is provided in Annex IV), by the Tenderers participating as "Followers" and as "Leaders and/or Followers"(the latter, in case their Financial Offer as a Leader was not selected as such), and

(d) Award Documentation: one sealed envelope containing the interim contractor's/insurer's documentation (the "Award Documentation").

Participation Requests and Offers have to be submitted in sealed envelopes in one (1) original and one (1) copy of all documents required.

All documentation and entries will be either in Greek or in English. Documentation in other language should be accompanied by an official translation in Greek or English.

SNFCC has the right to interrupt or cancel the Tender Procedure at any point or not award the insurance contract or part thereof to any Tenderer, without any cause or any explanation whatsoever. No Tenderer is entitled to any compensation arising from or connected to this cause.

The Tenderer shall be responsible for and be bound by the context of its Participation Request and Offer as submitted. By submitting a Participation Request and an Offer, the unconditional acceptance of the terms of the Tender Invitation and its Annexes, including the Insurance Policy (Annex VI) is presumed.

SNFCC has the right to award the contract on the basis of the initial offers without negotiation.

The Tender Invitation is published both in Greek and English languages. In case of any conflict or inconsistency between the two drafts, the Greek version shall prevail.

The contract will be subject to Greek Law


Internet address (URL): www.snfcc.org

Documents

 Tender Notice