Insurance Brokerage and Services for the Celtic Interconnector Project

Tender description

RTE and EirGrid, have been engaged in exploring the feasibility of an interconnector project between Ireland and France, which will hereafter be referred to as either the ”Celtic Interconnector Project” and/or “Project”. EirGrid, and RTE have established an Irish incorporated Joint Venture (IJV) Celtic Interconnector Designated Activity Company (“CIDAC”) to procure, administer, manage and contribute to the design, development and construction of the Celtic Interconnector assets on their behalf. Throughout all phases of the project any assets, rights or benefits held by the IJV shall be held on behalf of the shareholders (EirGrid and RTE) jointly. This procurement is being run by EirGrid on behalf of CIDAC. The Company intends to establish a single supplier framework agreement (Framework Agreement) with the successful tenderer for the provision of the Insurance Brokerage and Services. The initial Framework Agreement period will be from July 2020 for 4 years, with the option to extend annually for up to an additional 4 years. The Company shall require the Framework Member to provide Insurance Brokerage and Services, advice and support relating to all insurance issues regarding the Celtic Interconnector Project. The required services will mainly comprise of advice on and assistance with the insurance elements of the major contracts for the project . The general requirements will include working with the Company’s insurance teams to provide advice on all insurance and ancillary services required for the Project including: • Insurance programme design • MFL assessment • Insurers scope of work • Premium assessment • Policy wordings • Advisory for liability insurance provisions within the EPC contracts • Marine Warranty Surveyor (MWS) scope of work preliminary assessment • Insurance tender documentation • Roadshows • Insurance tendering • Claims management