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TED - Tenders Electronic Daily (Publications Office of the EU) verified 1 day ago Contract notice

Luxembourg - Insurance services - CFT-1812 Decennial Liability Insurance for the EIB New Building in Luxembourg

Open Luxembourg Luxembourg Financial & insurance services

Buyer European Investment Bank

Key facts

Published
Procedure
Negotiated procedure
  1. Published

TED - Tenders Electronic Daily (Publications Office of the EU) does not publish a closing date for this notice. See the official notice

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Summary

Machine-generated summary

The European Investment Bank is procuring Decennial (RCD) liability insurance for its new office building in Luxembourg, via a two-step competitive procedure with negotiation. The building has 3 underground levels, 5 above-ground levels and a 16-storey tower, with 63,680 m2 of constructed surface for up to 1,500 workstations. The required cover runs for an estimated total period of 120 months, with an insured amount of EUR 217,490,000, subject to possible review under the draft policy. The contract is awarded as a single contract with multiple insurers sharing the risk, divided into 2 lots: Lot 1 for the lead insurer (minimum 15% capacity, plus a 0.5% lead fee on co-insurers' premiums) and Lot 2 for co-insurers (minimum 2.5% each), covering the EIB and all parties involved in design and execution, including contractors, subcontractors, architects and engineers.

Description

The scope of this Call for Tenders is the insurance services for the EIB new office building on the campus of the European Investment Bank in Luxembourg. This is a two-step competitive procedure with negotiation. The required insurance is a Decennial (RCD) Insurance for a total estimated period of 120 months. The Insured Amount is set as EUR 217 490 000 and may be subject to review during the Contract in accordance with the draft Policy. The insurance services are required for a building with 3 underground levels and 5 above ground levels, along with a 16-storey tower. The building is designed to accommodate up to 1,500 workstations with a constructed surface of 63,680 m2. The Decennial (RCD) insurance contract is intended to be awarded as a single contract with multiple insurers covering portions of the contract. This tender is divided into 2 lots: Lot 1 - Lead insurer (minimum capacity is 15 %); Lot 2 - Co-insurers (minimum capacity is 2.5 %). Lot 1 - Lead Insurer, covering EIB as well as all participants involved in the design and execution of the works, including contractors, subcontractors, architects and engineers for a certain percentage of the required overall RCD coverage. It covers physical loss or damage to the New EIB Building regarding RC Decennial aspect. Lead Insurer is responsible for managing the co-insurers participating in the final service contract. As a minimum, the Lead Insurer is required to provide a minimum of fifteen (15) percent (%) of the required coverage of the Insured Amount, which is set as EUR 217 490 000. The Lead Insurer will be paid a lead fee of 0.5% of the co-insurers’ premium subtotal, for the necessary coordination of the co-insurers during the contract term. This lead fee is additional to the Lead Insurer’s premium subtotal.; Lot 2 Co-insurer(s), covering EIB as well as all participants involved in the design and execution of the works, including contractors, subcontractors, architects and engineers for a certain percentage of the required overall RCD coverage. It covers physical loss or damage to the New EIB Building regarding RC Decennial aspect. The award of Lot 2 is foreseen to include several Tenderers, each of whom will be responsible for providing a certain percentage (%) of the required RCD coverage as a co-insurer. The sum of these percentages and of the percentage of coverage provided by the Lead Insurer will equal 100%, i.e. the total required RCD coverage. As a minimum, each Co-insurer is required to provide a minimum of two-point five (2.5) percent (%) of the required coverage of the Insured Amount, which is set as EUR 217 490 000.

Official source

Source: TED - Tenders Electronic Daily (Publications Office of the EU)

Always verify details on the official notice.

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Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 1 day ago

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What this market pays

The buyer has too few awards of its own in this sector, so this is the range of the last 11 awards for Financial & insurance services in Luxembourg.

Median award
€440,000
Middle half of past awards
€257,742 to €1.2M

TED - Tenders Electronic Daily (Publications Office of the EU) publishes no value for this notice, so it has no mark on the scale. The official documents may state one.

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

The buyer

Full buyer profile

European Investment Bank

Luxembourg

notices in the register
149
awards
55
awarded in total
€492.6M

Who wins its contracts

Many suppliers
different companies won its awards
49
of the awards went to the three most frequent winners
6%
of its calls state an estimated value
99%

Based on 49 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)
5.1
of those lots received a single tender
13%
of the awards went to companies based in another country
56%

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.

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

Who usually wins this buyer's contracts in this sector

Company Wins Total awarded Last win
Deloitte Tax & Consulting 1 Dec 2025
Marsh S.A. 1 Jul 2024
Willis Towers Watson Luxembourg S.A. 1 Jul 2024

Based on 3 awards with a linked company profile over the last 5 years.

7 open tenders right now

Market context

TED - Tenders Electronic Daily (Publications Office of the EU) publishes no value for this notice, so it cannot be placed among the open notices of its sector. The official documents may state one.

open now in Financial & insurance services
3,346
median open notice
€462,000

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