Summary
Machine-generated summaryThe contract covers machinery insurance for the 50Hertz offshore grid connections. Insured assets include the Baltic 1 and Baltic 2 grid connections (including equipment on the offshore substation), the CWA 1 and CWA 2 grid connections (including the Wikinger offshore substation with its own and shared technology, and own equipment on the AOE offshore substation), submarine cables, the Rostock storage facility, and the landfall points with the Bentwisch and Lubmin substations. Two roles are defined: the leading insurer, authorised by the participating insurers to receive notices and declarations from the policyholder on behalf of all participants, covering changes to insurance cover, settlement of large claims and conduct of legal proceedings, and the participating insurer, who grants this authority to the leading insurer.
Description
Official source
Source: TED - Tenders Electronic Daily (Publications Office of the EU)
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Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 1 week ago
The buyer
Full buyer profile50Hertz Offshore GmbH Die 50Hertz Transmission GmbH wurden von der 50Hertz Offshore GmbH berechtigt und verpflichtet, Verträge im Namen und auf Rechnung der 50Hertz Offshore GmbH abzuschließen und im Rahmen der Betreuung der Verträge Erklärungen für die 50Hertz Offshore GmbH abzugeben. Versicherungs
- notices in the register
- 2
Market context
- open now in Financial & insurance services
- 2,235
- median open notice
- €484,210
Who wins in this market
Many suppliersGermany · Financial & insurance services
- different companies won awards here
- 162
- of the awards went to the three most frequent winners
- 15%
- buyers awarded contracts here
- 208
Based on 249 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
Competition
- tenders per lot on average (open and restricted procedures)
- 3.0
- of those lots received a single tender
- 28%
- of the awards went to companies based in another country
- 3%
- of the tenders came from another country
- 7%
As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.
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