CPPP

AOC

Services

Consultancy

Engagement of Actuarial Firm concerning LICI IPO

Department of Investment and Public Asset Management

DIPAM, CGO COMPLEX, NEW DELHI | South East, Delhi

Amount: Refer DocsCloses: 11 Dec 2020Closed

Timeline

Published16 Nov 2020
Closed11 Dec 2020
Technical Evaluation17 Dec 2020
Awarded12 Aug 2021

Bids

3 Bids12 Aug 2021

#	Company	Amount	Rank	Status
1	Milliman Advisors LLP L1₹9.5 CrAccepted-AOC	₹9.5 Cr	L1	Accepted-AOC Being L1
2	Willis Towers Watson Actuarial Advisory LLP L2₹9.6 Cr+₹10 L (1.05%)Rejected-Finance	₹9.6 Cr+₹10 L (1.05%)	L2	Rejected-Finance Total Score is lower
3	ERNST AND YOUNG LLP Not Admitted-PreQual/Technical 14 TH 15 TH FLOOR THE RUBY 29 SENAPATI BAPAT MARG DADAR WEST MUMBAI MAHARASHTRA 400028 \| MUMBAI \| MUMBAI \| MAHARASHTRA \| 400028	-	-	Not Admitted-PreQual/Technical Not Complied with technical specification

Tender Value

Refer Docs

EMD Value

₹1 L

Closing Date

11 Dec 2020, 5:30 pmClosed

Tender Inviting Organisation

Name

Sushma Jain

Address

Sushma Jain, Room No. 429, 4th Floor, Block No. 11/14 CGO complex, Lodi New Delhi

Work Description

Engagement of Actuarial Firm concerning LICI IPO

Tender Information

Tender ID

2020_DIPAM_596657_1

Reference Number

4/3/2020-DIPAM-II A

Tender Type

Global Tenders

Product Category

Consultancy

Form of Contract

QCBS

Period of Work

365 days

Location

DIPAM, CGO COMPLEX, NEW DELHI

Source Website

Subscribe to view

Eligibility / Pre-Qualification

Please refer Tender documents.

Documents Required

14 documents required · 14 mandatory

Cover1

RequiredCovering letter on the letter Head of firm including profile of the firm, as per para8.1(a) of RFP (.pdf)

RequiredNon -refundable fee of Rs. one lakh by way of DD infavour of PAO,DIPAM, as per para 8.1(b) of RFP (.pdf)

RequiredAuthority letter authorizing the person of bidder to sign documents, as per para 8.1(c) of RFP (.pdf)

RequiredAffida.-cum-undertak.informatAnnex.IIreg no convictionand noconflictof interest,asperpara8.1(d)ofRFP (.pdf)

RequiredCert.Actuarial Firm and Reporting Actuaryqualifies as Independent Actuarial Expert,aspara8.1(e)ofRFP (.pdf)

RequiredCertificate reg substitute of unavailable members of the deal team asper para 8.1(f)of RFP (.pdf)

RequiredCert. that team assigned for work wouldhave experts in actuarial practices, as per para8.1(g) of RFP (.pdf)

RequiredCert.-PerformanceGuarantee of10percentof contract value bywayof BG forone year,as para8.1(h) ofRFP (.pdf)

RequiredCert.-Performance Guarantee would be extended,if required, as per para 8.1(i) of RFP (.pdf)

RequiredCertificate on Unconditional bid in the format at Annex.III as per para 8.1(j) of RFP (.pdf)

RequiredTender Acceptance letter as Annex. IV, as per para 8.1(k)of RFP (.pdf)

RequiredConfirmation on appointment, selected bidder should execute NDA with LICI, as per para 8.1(l)of RFP (.pdf)

Cover2

RequiredTechnical Bid alongwith all sch.,cert. and annex,detailsof Reporting Actuary asper para 8.1(i)of RFP (.pdf)

Cover3

RequiredFinancial Bid in the BoQ format provided online alongwith RFP as per Annex.VI of RFP (.xls)

Fee & Financial Details

Tender Fee Amount

₹0

EMD Fee Amount

₹1 L

Pre-Bid Meeting

Meeting Place

Through Video Conferencing

Important Dates

Last Activity

12 Aug 2021

Published

16 Nov 2020

Bid Opening

14 Dec 2020

Download Starts

16 Nov 2020

Download Ends

11 Dec 2020

Submission Starts

16 Nov 2020

Clarification Period

16 Nov 2020 - 24 Nov 2020

Pre-Bid Meeting

26 Nov 2020

BOQ Preview

•

Amount

•

ENGAGEMENT OF ACTUARIAL FIRM CONCERNING DISINVESTMENT IN LIFE INSURANCE CORPORATION OF INDIA (LICI) THROUGH INITIAL PUBLIC OFFER (IPO)

•

Willis Towers Watson Actuarial Advisory LLP

Stage Documents

Stage Summary Snapshot

stage.html

html • 0.04 MB

Technical Evaluation

tech_eval.pdf

PDF

Financial Bid Opening

boq_comp_chart.xlsx

xlsx

Financial Evaluation

fin_eval.pdf

PDF

Award of Contract

aoc.pdf

PDF

Documents

Tap a document below to read it instantly. You can also download everything as a ZIP if you prefer.

Tender Page Snapshot

details.html

html • 0.04 MB

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Company

Milliman Advisors LLP

L1₹9.5 CrAccepted-AOC

Willis Towers Watson Actuarial Advisory LLP

L2₹9.6 Cr+₹10 L (1.05%)Rejected-Finance

ERNST AND YOUNG LLP

Not Admitted-PreQual/Technical

14 TH 15 TH FLOOR THE RUBY 29 SENAPATI BAPAT MARG DADAR WEST MUMBAI MAHARASHTRA 400028 | MUMBAI | MUMBAI | MAHARASHTRA | 400028