Published date: 23 June 2023
This notice was replaced on 6 December 2023
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 6 December 2023)
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Insurance consultancy services - 66519310
Location of contract
Any region
Value of contract
£0
Procurement reference
tender_373581/1224490
Published date
23 June 2023
Closing date
24 July 2023
Closing time
2pm
Contract start date
6 November 2023
Contract end date
5 November 2024
Contract type
Service contract
Procedure type
Restricted procedure (above threshold)
A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.
This procedure can be used for procurements above the relevant contract value threshold.
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
Pool Re Solutions (PReS) are looking to procure services for the assessment and analysis of blast, to support the delivery of PML studies for the insurance industry.
The objective of a PML is to model credible, worst case scenarios for stakeholders, enabling informed decision-making and aid understanding of potential financial impacts in event of an attack.
A PML involves a risk-based identification of threat scenarios and modelling of blast overpressures through 2D desktop or 3D Computational Fluid Dynamic (CFD) blast modelling. Following analysis of the expected blast, calculations of building damage percentage and likely reconstruction / downtime, and Business Interruption (BI) costs are provided to inform the credible worst case costs, ensuring clients are able to make informed decisions regarding their risk management and risk finance.
The services required includes the following deliverables:
Assist in the identification of credible loss scenarios.
Provide blast 3D CFD and 2D desktop modelling capability, of agreed scenarios, to determine through assessment of overpressure and impulse the likely % building damage caused.
Provide accurate insight and evaluation of a PML (% damage, cost, downtime, recuperation costs).
Deliver a report providing blast analysis in support of the PML.
Project Structuring
Projects will be arranged and organised by PReS. Notification will be provided to the procured blast service, with an agreed notice period, prior to a service being engaged for a project. Each project scope, (e.g. completion period, number of blast scenarios for modelling) will be agreed as part of the project scoping. PReS will be responsible for the ongoing management, deadlines, report submission and client liaison of all projects. However, the procured blast services will be expected to support the project delivery, based upon agreed deliverables as per agreed the contractual arrangements.
The blast service is expected to be engaged on an ad-hoc nature to support project requirements as necessary.
Pool Re shall be holding a Supplier Briefing Session (via MS Teams) 11-12pm on the 7th July. Please email Commercialservices@poolre.co.uk for an invite.
About the buyer
Contact name
Commercial Services
Address
Equitable House, 47 King William St
London
EC4R 9AF
England
commercialservices@poolre.co.uk
Website
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