TenneT "Offshore All Risk Program" - Property Damage Insurances for Offshore Assets

„General description can be found in the openly accessible document "Procedure Guidelines.pdf", which can be downloaded from the tender page. Additionally, following specific tender procedure to tender an insurance policy will be applied: Tender procedure (Call for Competition procedure): TenneT is a "contracting entity" subject to the Public Procurement Act 2012. The notice for this Call for Competition will be published via tender platform Mercell Source-to-Contract to the Official Journal of the European Union available at http://ted.europa.eu. The Call for Competition will be based on the negotiated procedure with prior publication, which means that initially an interested market party may apply as a Candidate. The tender will be tendered in 3 lots and candidates may apply for all 3 lots separately, for all 3 lots together or in any individual combination. Lot1: Primary – lead insurer (Mercell tender no. T91248) Lot2: Primary to-follow insurer + Excess lead insurer (Mercell tender no. T91277) Lot3: Excess to-follow insurer (Mercell tender no. T91286) Pre-qualified insurers: TenneT successfully implemented a qualification system for 2GW CAR insurance tenders (Mercell T46811 Qualification System - Construction All Risks (CAR) Insurance for the 2GW-Program). The qualification criteria of the qualification system and the Property Damage tender are aligned. This allows improvements in tender procedure, especially in the Call for Competition (C.f.C). Pre-qualified insurers, who are interest to participate in the TenneT “Offshore All Risk Program - Property Damage Insurances for Offshore Assets“, will be able to run the C.f.C. phase with a shortend questionnaire consisting out of 4 questions for Lot1 (Primary lead suppliers) and 2 questions for Lot2/Lot3 applicants. Suppliers who are currently not pre-qualified have the possibility to apply for the tender via regular C.f.C. questionnaires. The tender itself is characterized by ten phases. In the selection phase (phase 1), suppliers are selected for lot 1and/or lot 2 and/or lot 3 and will be invited to the lots accordingly. In phase 2 selected suppliers for lot 1 are invited to submit an initial offer. After assessing the initial tenders, all parties for lot 1, who handed in an initial offer, are allowed to proceed to the negotiation phase (phase 3) according the BIPAR principle*. No further selection will take place during the negotiations. After completion of the negotiations, all parties are invited to bring out a best and final offer (BAFO) for lot 1 (phase 4). While awarding lot 1 all parties for lot 2 are invited to submit an initial offer (phase 5). After assessing the initial tenders, all parties for lot 2, who handed in an initial offer, are allowed to proceed to the negotiation phase (phase 6). No further selection will take place during the negotiations. After completion of the negotiations, all parties are invited to bring out a best and final offer (BAFO) for lot 2 (phase 7). While awarding lot 2 all parties for lot 3 are invited to submit an initial offer (phase 8). After assessing the initial tenders, all parties for lot 3, who handed in an initial offer, are allowed to proceed to the negotiation phase (phase 9). No further selection will take place during the negotiations. After completion of the negotiations, all parties are invited to bring out a best and final offer (BAFO) for lot 3 (phase 10). * BIPAR: (Bureau International des Producteurs d'Assurance et de Réassurance, the European Federation of Insurance Brokers), which requires that the Leading Insurer determines the price and/or the terms. Deviations above or below by Following Insurers apply only to their respective shares. A Following Insurer determines neither the premium nor the terms for the other insurers involved. Methodology of offer/BAFO-evaluation The tenders/bids will be evaluated and on the basis of the award criteria provided under section 5.1.9. of the EU announcement. Price: The lowest price award criterion is used because the Offshore Property insurance which is the subject of this tender can be seen a market standard product. Based on the knowledge of the contracting entity of the insurance market the contracting entity concluded that only a limited number of insurers is capable of underwriting an Offshore property insurance of this size. Since the wording will be customised during the negotiation phase of this tender and all insurers will use the defined wording during the BAFO phase there are very little differentiators between the qualified insurers left therefore only the premium (lowest price) will be used as award criterion.“