ENQEIR914 – Administration and actuarial services for the EirGrid Pension Trustees
Awarded
The competition has ended and a winner has been selected.
Forsikringstjenester
EirGrid plc has entered into a framework agreement with Willis Towers Watson for the delivery of administration, advisory, and actuarial services for the EirGrid Pension Trustees for the Defined Benefit (DB) pension scheme, The EirGrid Pension Fund, in Ireland. The agreement has an initial duration of 5 years with options to extend annually for up to an additional 3 years, making a potential total of 8 years. The estimated total value of the contract is 2.4 million EUR, with Lot 1 (Administration Services) valued at 1 million EUR, Lot 2 (Scheme Actuarial Services and Risk Management Services) at 700,000 EUR, and Lot 3 (Advisory Services including Investment Management advice) at 700,000 EUR over the potential 8 years. Two bids were received for this contract.
Result
- Winner
- Willis Towers Watson_33828
- Number of bids
- 2
- Contract value
- Not stated
- Maximum framework agreement value
- Up to €2,400,000
About the bid
- Contact phone
- 0000
- Contact email
- tenders@eirgrid.com
- Address
- 160 Shelbourne Road, Ballsbridge, Dublin 4 Dublin
EirGrid has a requirement for administration, advisory and actuarial services for EirGrid Plc’s Pension Trustees for the Defined Benefit (DB) pension scheme, The EirGrid Pension Fund. This document provides a description of EirGrid’s requirements for this contract as well as details of the services we wish to procure under each Lot. It also provides information about the selection procedure. Candidates are invited to submit a qualification application for inclusion on the tender list for one or more of the applicable Lots in accordance with this PQQ. Candidates wishing to apply for more than 1 Lot must submit a full questionnaire for each Lot. Lot 1 – Administration Services (including Pensioner Payroll) Lot 2 – Scheme Actuarial Services and Risk Management Services Lot 3 – Advisory Services including Investment Management advice The framework agreement period will be for an initial duration of Five(5)years with the option to extend annually for up to an additional Three(3) years The estimated value is: Lot 1 – €1M over the potential 8 years. Lot 2 - €700K over the potential 8 years. Lot 3 - €700K over the potential 8 years. Total - €2.4M
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See the full notice
- Contracting authority
- EirGrid plc
- Title
- ENQEIR914 – Administration and actuarial services for the EirGrid Pension Trustees
- Type
- Main code
- Supplemental codes
- Location
- Dublin
- Estimated value
- €2,400,000.00
- Duration
- 96 months