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Treasury of the Republic of Cyprus - awarded public contracts verified 2 weeks ago Contract award

ΔΙΑΓΩΝΙΣΜΟΣ ΓΙΑ ΤΗΝ ΠΑΡΟΧΗ ΟΜΑΔΙΚΟΥ ΣΧΕΔΙΟΥ ΕΞΩΝΟΣΟΚΟΜΕΙΑΚΗΣ ΙΑΤΡΟΦΑΡΜΑΚΕΥΤΙΚΗΣ ΚΑΛΥΨΗΣ ΓΙΑ ΤΟ ΠΡΟΣΩΠΙΚΟ ΤΟΥ ΙδΕΚ ΣΥΜΠΛΗΡΩΜΑΤΙΚΟΥ ΤΟΥ ΓΕΣΥ (14/2021)

Awarded Cyprus Financial & insurance services

Buyer Ιδρυμα ΄Ερευνας και Καινοτομίας

€55,476 awarded value

Key facts

Awarded
Estimated value
€77,184
Buyer
Body governed by public law
Procedure
Open procedure
  1. Published Awarded
View the official notice Watch this tender

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Awarded to

TRUST INTERNATIONAL INSURANCE COMPANY (CYPRUS) LTD

Awarded value
€55,476 28% under the estimate of €77,184
Award date
Record with this buyer
1 first contract from this buyer in the register

Key points

Αναθέτουσα αρχή: Ιδρυμα ΄Ερευνας και Καινοτομίας Τύπος αναθέτουσας αρχής: Οργανισμοί Δημοσίου Δικαίου Αριθμός διαγωνισμού: ΙΦΠΙΔΕΚ/14/2021 Είδος σύμβασης: Υπηρεσίες Διαδικασία: Ανοικτή Κριτήριο ανάθεσης: Βάσει Τιμής/Κόστους Συγχρηματοδότηση ΕΕ: Όχι Ημερομηνία δημοσίευσης προκήρυξης: 2021-12-08 Αριθμός προσφερόντων: 2 Προσφέροντες: ALTIUS INSURANCE LTD, TRUST INTERNATIONAL INSURANCE COMPANY (CYPRUS) LTD Ανάδοχος: TRUST INTERNATIONAL INSURANCE COMPANY (CYPRUS) LTD Εκτιμώμενη αξία: 77184.00 EUR Αξία κατακύρωσης: 55476.00 EUR
Original text
Αναθέτουσα αρχή: Ιδρυμα ΄Ερευνας και Καινοτομίας Τύπος αναθέτουσας αρχής: Οργανισμοί Δημοσίου Δικαίου Αριθμός διαγωνισμού: ΙΦΠΙΔΕΚ/14/2021 Είδος σύμβασης: Υπηρεσίες Διαδικασία: Ανοικτή Κριτήριο ανάθεσης: Βάσει Τιμής/Κόστους Συγχρηματοδότηση ΕΕ: Όχι Ημερομηνία δημοσίευσης προκήρυξης: 2021-12-08 Αριθμός προσφερόντων: 2 Προσφέροντες: ALTIUS INSURANCE LTD, TRUST INTERNATIONAL INSURANCE COMPANY (CYPRUS) LTD Ανάδοχος: TRUST INTERNATIONAL INSURANCE COMPANY (CYPRUS) LTD Εκτιμώμενη αξία: 77184.00 EUR Αξία κατακύρωσης: 55476.00 EUR

Official source

Source: Treasury of the Republic of Cyprus - awarded public contracts

Always verify details on the official notice.

Report an error in this notice

Last verified against Treasury of the Republic of Cyprus - awarded public contracts 2 weeks ago

What this market pays

The buyer has too few awards of its own in this sector, so this is the range of the last 682 awards for Financial & insurance services in Cyprus.

This award
€55,476
Estimated value
€77,184
Median award
€13,505
Middle half of past awards
€5,818 to €40,998

The award is larger than three in four past awards.

Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.

Ιδρυμα ΄Ερευνας και Καινοτομίας

Body governed by public law Cyprus

notices in the register
78
awards
78
awarded in total
€2.6M

Who wins its contracts

Many suppliers
different companies won its awards
14
of the awards went to the three most frequent winners
27%
winners of the last 12 months were new here
3 of 3

Based on 15 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. New: no award from the same buyer or market in the two years before.

One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.

Awards most often to

  1. CBS IT SYSTEMS(CYPRUS) LTD 5 awards €74,224
  2. Star One Consulting Limited 4 awards €357,910
  3. KPMG Limited 4 awards €187,200

Market context

open now in Financial & insurance services
2,191
median open notice
€487,600

Who wins in this market

Moderately concentrated

Cyprus · Financial & insurance services

different companies won awards here
52
of the awards went to the three most frequent winners
36%
winners of the last 12 months were new here
14 of 25
buyers awarded contracts here
53

Based on 173 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. New: no award from the same buyer or market in the two years before.

Competition

tenders per lot on average (open and restricted procedures)
2.6
of those lots received a single tender
29%

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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