GP Indemnity: Corporate Finance and Non-Life Actuarial Advice
Department of Health · Ireland
Key facts
- Contract value
- £975,238
- Awarded
- 18 Jan 2018
- Contract starts
- 23 Jan 2018
- Contract ends
- 31 Dec 2018
- Procedure
- Call-off from a framework agreement (framework)
- Buyer type
- Health
Awarded to
| Supplier | Value |
|---|---|
| Pricewaterhouse Coopers LLP | £975,238 |
Description
The Authority requires a third party corporate finance adviser to provide us with an actuarial analysis on each participating MDO's assets and liabilities, to provide input and advice into the commercial structuring of the Existing Liabilities Scheme (ELS) - considering the potential impact of regulation on the MDO's and how they may respond; and to assist with the MDO negotiation strategy and negotiations. We expect that the actuarial advice will be provided by the adviser themselves as opposed to using third party partner firms. The project will cover: Phase 1 - Pre-Due Diligence - regulation (January 2018) Phase 2 - Actuarial Due Diligence on Medical Defence Organisation Balance Sheets (February 2018 to April 2018) Phase 3 - Transaction Structuring (May 2018 - June 2018) Phase 4 - Negotiation (July 2018 - September 2018) Phase 5 - Commercial Due Diligence (October 2018 - November 2018)
This scope of works will provide appropriate expertise from a corporate finance adviser with internal actuarial expertise in support of the project's objectives. With the benefit of significant and detailed due diligence allowing us to obtain a full understanding of MDO's financial positions, we will be able to properly assess the level of assets that could be obtained versus the pace of regulation implementation. We need to ensure an appropriate balance which delivers value for money, does not contravene state aid principles and above all creates a safe, secure and affordable future operating environment for medical practitioners and patients.
Therefore the skills required to deliver these outputs are: - ⢠A good understanding and appreciation of the clinical negligence market in the UK. ⢠A strong and industry recognised non-life actuarial practice. ⢠Excellent knowledge of the solvency II regulation, its impact and its implementation. ⢠Prior financial transaction experience of working with government. ⢠An excellent understanding of government accounting. ⢠Evidence of inputting into negotiation strategies. ⢠Demonstrable creativity in structuring of solutions.
Categories (CPV)
- 79000000 Business services: law, marketing, consulting, recruitment, printing and security
Similar open tenders
Tree Survey Services
Location: South WestBuyer: University of Exeter
Open tenderCloses 19 Nov, 202614 daysValue £45.00kSource Find a TenderUniversity of Exeter invites bidders to submit a quotation for the provision of tree survey services across the Exeter property portfolio. The purpose of this contract is to undertake a planned programme of tree inspections and condition surveys to support the ongoing management of our tree stock and associated health,
QMS Strategic Partner
Location: East of EnglandBuyer: Mid and South Essex NHS Foundation Trust
Open tenderCloses 1 Dec, 202626 daysValue £3.00mSource Find a TenderMid and South Essex NHS Foundation Trust is seeking a Strategic Improvement Partner to support the co-design, implementation and embedding of an organisation-wide Quality Management System (QMS), including improvement capability, leadership development and sustainable skills transfer.
Leeds Culture Strategy Renewal
Location: Yorkshire and the HumberBuyer: Leeds City Council
Open tenderCloses 3 Jan, 202759 daysValue £50.00kSource Find a TenderThe procurement has been established to appoint a consultant (or consultancy team) to develop a new city-wide Leeds Culture Strategy 2027-2037 on behalf of Leeds City Council, with funding stakeholders Arts Council England and Culture Consortium Leeds. The strategy will provide a shared long-term vision for culture and
RHOI: Ymgyrch Marchnata Integredig, Cyfathrebu a Newid Ymddygiad / Integrated Marketing, Communications and Behaviour Change Campaign
Location: WalesBuyer: Awdurdod Parc Cenedlaethol Eryri
Open tenderCloses 30 Nov, 202625 daysValue £35.00kSource Find a TenderMae RHOI wedi cael ei ysbrydoli gan lwyddiant CopenPay ac mae'n rhan o'r dull rhyngwladol ehangach DestinationPay. Mae'r egwyddor sylfaenol yn syml: anogir pobl i wneud rhywbeth cadarnhaol ar gyfer y lleoedd maen nhw'n ymweld â nhw ac, yn gyfnewid, derbyn gwobr gan fusnes neu sefydliad sy'n cymryd rhan. Bydd y rhaglen
Footways Maintenance Survey (Lot 3) (2027)
Location: South EastBuyer: West Sussex County Council
Open tenderCloses 16 Nov, 202611 daysValue £60.00kSource Find a TenderWest Sussex County Council are seeking to and identify suitably qualified and interested organisations to obtain road condition data for the highway network for footways and remote cycleways during 2027.
PROVISION OF SECURITY GUARDING SERVICES FOR BRITISH EMBASSY HARARE
Location: LondonBuyer: Foreign, Commonwealth and Development Office
Open tenderCloses 13 Nov, 20268 daysValue £1.49mSource Find a TenderThe Contractor will be responsible for delivering a fully managed guarding solution, including static posts, foot patrols, mobile response, alarm monitoring, and a 24/7 command-and-control capability. Staffing levels, supervision, shift patterns and rotation arrangements must always ensure operational resilience and co