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TenneT Reinsurance N.V. - Retrocession / Structured Reinsurance

TenneT Reinsurance N.V. (TenneT Re) was established as a reinsurance captive insuring the retained risks for the offshore related insurances. In accordance with the submission of the captive business plan to the regulator, TenneT Re requires a reinsurer(s) to provide P&L support once losses within the primary €20m layer exceed …

CPV: 66700000 Servicios de reaseguro

Lugar de ejecución:

TenneT Reinsurance N.V. - Retrocession / Structured Reinsurance

Organismo adjudicador:

TenneT Offshore GmbH

Número de premio:

T117507 - TenneT Reinsurance N.V. - Retrocession / Structured Reinsurance

1. Buyer

1.1 Buyer

Official name : TenneT Offshore GmbH

Activity of the contracting entity : Electricity-related activities

1.1 Buyer

Official name : TenneT Reinsurance N.V.

Activity of the contracting entity : Electricity-related activities

2. Procedure

2.1 Procedure

Title : TenneT Reinsurance N.V. - Retrocession / Structured Reinsurance

Description : TenneT Reinsurance N.V. (TenneT Re) was established as a reinsurance captive insuring the retained risks for the offshore related insurances. In accordance with the submission of the captive business plan to the regulator, TenneT Re requires a reinsurer(s) to provide P&L support once losses within the primary €20m layer exceed €80m annually. In that respect TenneT Re is looking for an experienced, reliable, and highly professional reinsurance partner(s). The contracting authority is TenneT Reinsurance N.V. TenneT is a leading European Transmission System Operator (TSO) with its main activities in the Netherlands and Germany. With more than 23,000 kilometres of high-voltage lines, we ensure a reliable and secure supply of electricity to 41 million end-users. With approximately 4,500 employees, we realise a turnover of EUR 4.2 billion and a total asset value of EUR 22 billion. TenneT is one of the largest investors in national and international electricity grids on land and at sea. Our focus is on developing an integrated Northwest European energy market and facilitating the energy transition. TenneT is committed to meeting society's needs by being responsible, engaged and connected. Taking power further. TenneT Reinsurance N.V. is a fully-owned reinsurance company, domiciled in the Netherlands. Tender 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. Details on general tender procedure can be found in the document "Procedure Guidelines". Please note: TenneT reserves the right to directly award the contract to the initial tenderers on the basis of the published evaluation procedure without negotiations (§ 15 (4) SektVO). In that respect initial offers need to be binding. Award Criteria "Price" / weighting: 50% "Technical Concept" / weighting: 50 % In order to protect the confidentiality of the information provided by the client in the tender documents, it is mandatory to conclude a confidentiality Agreement as per "NDA" document provided for download via Mercell. Please send the signed and stamped copy to: michael.gerlich@tennet.eu After sending the NDA and a plausibility check by the Client, the Client will grant the interested parties access to the tender by Email. After registering for the tender at Mercell Source-to-Contract, you will find all tender documents in the call for competition phase under "Questionnaires", section "Call for Competition", question 1.1. The bidder can not deduce eligibility for participation only from signing and submitting the NDA. TenneT will only accept tenderers who successfully qualify during the call for competition phase to participate in the offer phase. The application for the call for competition must be submitted in due time and no later than by 21.11.2024 at 12:00 CET via the e-Award platform Mercell Source-to-Contract. Individual extensions of time will not be granted. Please start your upload process early enough. Submission of the request to participate (applications) by Email, mail or fax are not permitted. A violation of this requirement will lead to disqualification of the applicant and exclusion from the tender process. Please make sure to familiarize yourself with the Schedule, Questionnaires, Messages section and the Q&A section early enough and thoroughly read through all relevant documents. In case of technical difficulties, please reach out to Mercell: Servicedesk Mercell: support-nl@mercell.com Phone: +31 (0) 85-001 4593 Opening hours: 9:00-17:00 CET

Procedure identifier : 5c45d4c4-0d9c-4af3-b016-529fce8953ab

Internal identifier : T117507 - TenneT Reinsurance N.V. - Retrocession / Structured Reinsurance

Type of procedure : Negotiated with prior publication of a call for competition / competitive with negotiation

The procedure is accelerated : no

Justification for the accelerated procedure :

Main features of the procedure : The tender will take place exclusively digitally via the Mercell S2C platform. All information about this tender is available to Tenderers within this platform. Further explanations on digital tendering can be found here. Information on the 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 contracting authority is TenneT Reinsurance N.V. The information in the Procedure Guidelines and EU-announcement must be observed and adhered to by the tenderer/bidder. The Procedure Guidelines for this tender describe the general tendering process and the obligations of the bidders. It also contains a guideline for the call for competition phase and the offer phase. Please download the procedure guidelines and read it carefully. Important: Please submit your questions, if any, exclusively via the Questions & Answers module. Important: the documents to be provided by you need to be submitted via the questionnaire only. Please do not submit documents by other means- for example via email - this may lead to exclusion from the tender. Important: right for direct award of contracts TenneT reserves the right to award the contract to the initial tenderers / bids (offers submitted in the offer phase) on the basis of the published evaluation procedure without negotiations and BAFO (§15 (4) SektVO). Methodology of the Offer/BAFO-evaluation The tenders/bids will be evaluated and on the basis of the award criteria and weighting provided under section 5.1.9. of the EU announcement (see also the weightings of the questionnaire headers in the offer phase). For each criterion - except for the evaluation criterion "price", which has to be dealt with separately - a comparative evaluation is carried out and the bidders are ranked according to their performance within this criterion. The ordinal ranking is then multiplied by the weighting of the respective criterion. The weighted rankings of all criteria are added together. The bidder with the best overall ranking is considered to be the most economically advantageous bidder (the best performance receives the lowest value and, conversely, the lowest performance receives the highest value, depending on the number of bidders) and is thus placed in first place. Price: The price criterion is based on the following evaluation of the bids/offers: The bid with the lowest bid price will be ranked at 1.00. Any bid that exceeds 2 times the lowest bid price will be awarded the last rank, which always corresponds to the number of bids submitted and evaluated. The evaluation of the bid prices which lie in between is carried out by means of linear interpolation with up to two decimal digits. Technical concept: The technical parts of the offers are evaluated against the client’s requirements laid out in the tender documents and assessed on a comparative basis (relative method).

2.1.1 Purpose

Main nature of the contract : Services

Main classification ( cpv ): 66700000 Reinsurance services

2.1.2 Place of performance

Country subdivision (NUTS) : Arnhem/Nijmegen ( NL226 )

Country : Netherlands

Additional information : See documentation

2.1.3 Value

Estimated value excluding VAT : 0 Euro

2.1.4 General information

Additional information : #Besonders geeignet für:selbst# The application documents must be submitted in digital form (in a standardised data format, e.g. PDF and MS Office format) exclusively via the Mercell platform. Pre-submission of application documents by email, fax or mail is not permitted and will lead to disqualification of the applicant and exclusion from the tender process. * The application for the call for competition must be submitted in due time and no later than by 22.11.2024 at 12:00 CET via the e-Award platform Mercell. Individual extensions of time will not be granted. * Requests to participate must be submitted in full by above deadline exclusively via Mercell in the sections provided for this purpose. Tender applications that are submitted late cannot be considered. Incomplete documents will lead to exclusion from the tender. * In accordance with § 57 SektVO, the contracting authority is authorised to discontinue the award procedure at any time. * The Principal is authorised to transfer the rights and obligations of the subject matter of the contract as a whole to a project company (Special Purpose Vehicle/NewCo), irrespective of whether third parties have already participated as shareholders in this project company or will only participate in such a company after any transfer of this Framework Agreement. * TenneT reserves the right to directly award the contract to the initial tenderers on the basis of the published evaluation procedure without negotiations (§ 15 (4) SektVO). In that respect initial offers need to be binding. * Note on Review Procedure: Applicants/bidders must complain about violations of procurement law in compliance with the provisions of Section 160 (3) ARC - Act against Restraints of Competition (GWB – Gesetz gegen Wettbewerbsbeschraenkung). An application for review is inadmissible pursuant to Section 160 (3) ARC if 1. the applicant has recognised the alleged violation of procurement law before filing the application for review and has not notified the contracting authority within a period of ten calendar days; the expiry of the time limit pursuant to Section 134 (2) ARC remains unaffected, 2. infringements of procurement law which are apparent from the EU notice are not notified to the contracting authority at the latest by the expiry of the time limit for application or submission of tenders stated in the notice, 3. infringements of procurement law which are only apparent in the tender documents are not notified to the contracting authority at the latest by the expiry of the time limit for application or submission of tenders, 4. more than 15 calendar days have elapsed after receipt of the contracting authority's notification that it does not intend to remedy a complaint.

Legal basis :

Directive 2014/25/EU

sektvo -

Applicable cross-border law : Dutch

2.1.6 Grounds for exclusion

Analogous situation like bankruptcy under national law : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Corruption : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Participation in a criminal organisation : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Agreements with other economic operators aimed at distorting competition : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Breaching of obligations in the fields of environmental law : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Money laundering or terrorist financing : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Fraud : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Child labour and other forms of trafficking in human beings : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Insolvency : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Breaching of obligations in the fields of labour law : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Assets being administered by liquidator : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Guilty of misrepresentation, withheld information, unable to provide required documents and obtained confidential information of this procedure : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Conflict of interest due to its participation in the procurement procedure : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Direct or indirect involvement in the preparation of this procurement procedure : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Guilty of grave professional misconduct : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Early termination, damages or other comparable sanctions : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Breaching of obligations in the fields of social law : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Payment of social security contributions : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Business activities are suspended : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Payment of taxes : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Terrorist offences or offences linked to terrorist activities : § 123 and §124 Restraint of Competition Act (“GWB”) apply.

5. Lot

5.1 Lot technical ID : LOT-0000

Title : TenneT Reinsurance N.V. - Retrocession / Structured Reinsurance

Internal identifier : T117507 - TenneT Reinsurance N.V. - Retrocession / Structured Reinsurance

5.1.1 Purpose

Main nature of the contract : Services

Main classification ( cpv ): 66700000 Reinsurance services

5.1.2 Place of performance

Country subdivision (NUTS) : Arnhem/Nijmegen ( NL226 )

Country : Netherlands

Additional information : See documentation

5.1.3 Estimated duration

Start date : 01/01/2025

Duration end date : 31/12/2029

5.1.4 Renewal

Maximum renewals : 3

The buyer reserves the right for additional purchases from the contractor, as described here : initial period of 5 years with option to be extended another 12 months up to 3 times.

5.1.5 Value

Estimated value excluding VAT : 0 Euro

5.1.6 General information

Reserved participation : Participation is not reserved.

The names and professional qualifications of the staff assigned to perform the contract must be given : Not required

Procurement Project not financed with EU Funds.

The procurement is covered by the Government Procurement Agreement (GPA) : yes

This procurement is also suitable for small and medium-sized enterprises (SMEs)

5.1.7 Strategic procurement

Aim of strategic procurement : No strategic procurement

5.1.9 Selection criteria

Criterion :

Type : Economic and financial standing

Name : Financial ratios

Description : The candidate must be in sound financial health to assure the continuity of service provisioning throughout the term of the contract or (framework) agreement. In order to demonstrate sufficient economic performance, the applicants needs to prove a Standard & Poor's rating of A- or equivalent rating from Fitch and/or Moody's. The applicant confirms its acceptance of these provisions and that it complies with the respective rating as stated above. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.

Criterion :

Type : Economic and financial standing

Name : Annual turnover

Description : In particular and in order to guarantee a proper claims settlement, a minimum annual turnover for insurer of at least Mio. EUR 500 must be existent for the past three financial years. The turnover must originate from services that are comparable to the services to be provided, e.g. underwriting activities. In the case of a bidder consortium the aforementioned sales are based on the cumulative turnover of the consortium partners. For each individual bidder or consortium partner, the total turnover of the group is deemed to be 100% owned by the group parent company. The applicant confirms its acceptance of these provisions. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.

Criterion :

Type : Economic and financial standing

Name : Statement of Reference to Qualification of Third Parties - Borrowing Qualifications (Optional)

Description : Is the applicant or bidding consortium making use of the capacities of another economic operator (3rd party) in order to meet the economic and financial minimum criteria according to section III.1.9? If so - In the following, please provide evidence of your suitability borrowing: The 3rd party will be jointly and severally liable with the applicant in the event of a contract award in accordance with the scope of the suitability borrowing (form A3a). The 3rd party must fulfil the corresponding minimum criteria of this section III.1.9. In addition, the 3rd party must provide the extract from the commercial register and the form or a self-declaration on grounds for exclusion pursuant to Sections 123, 124 GWB (form A7). The forms provided in Mercell for the suitability borrowing as well as the corresponding forms for the fulfilment of the further minimum criteria have to be used.

Criterion :

Type : Suitability to pursue the professional activity

Name : Information on the Applicant/Member of the Bidding Consortium and the Bidding Consortium

Description : The applicant has to complete, sign and upload the attached Form A1. The application as a bidding consortium is admitted. A bidding consortium is treated like an individual applicant (Section 50 para. 2 SektVO). If applicants are addressed in the tender documents, this also refers to the joint form of participation of a bidding consortium. In this respect, regulations which specifically are related to bidding consortia, exclusively use the term "Bidding Consortium." The bidding consortium shall nominate an authorized representative for the conclusion and implementation of the contract and who signs form A1. The authorized representative shall be available to the contracting entity as the contact person of the bidding consortium in this tendering procedure. Members of the bidding consortium shall jointly complete the form "Statement of Bidding Consortium" (Form A2), which also names the authorized representative. If applicable, please complete, sign and upload the attached Form A2.

Criterion :

Type : Suitability to pursue the professional activity

Name : Extract of commercial register

Description : Please provide a proof of Registration in a commercial register of the relevant authority of the country in which the company is established (e. g. Kamer van Koophandel (NL), Handelsregister (DE), Companies house (UK), erhvervsstyrelsen (DK), Companies registration office (IE)), which may not be older than three months at the date of the submission of the application.

Criterion :

Type : Suitability to pursue the professional activity

Name : Self-declaration of no grounds for exclusion

Description : Please confirm that no grounds for exclusion under §§ 123, 124 GWB exist. For bidding consortia this statement must be valid for all members of the bidding consortium. Please find an English version of this law under the following link: http://www.gesetze-im-internet.de/englisch_gwb/englisch_gwb.html#p1314 The applicant confirms its acceptance of these provisions. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.

Criterion :

Type : Suitability to pursue the professional activity

Name : Proof of underwriting license

Description : The applicant must be able to evidence the relevant authorization in accordance with legislation and regulation of insurance companies in the countries where the tenderer is established, e. g. FSA (UK), BaFin (GE) or WFT (NL). The candidate confirms its acceptance of these provisions. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.

Criterion :