📑The provision of an Actuarial Review of the Social Insurance Fund as at 31 December 2020
Procurement process summary
This process is to purchase The provision of an Actuarial Review of the Social Insurance Fund as at 31 December 2020.
This contract was awarded by 🇮🇪 Department of Social Protection for an amount of EUR 329,440 to 1 supplier. It was published on 2022-01-12 through open
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
Buying entity🇮🇪 Department of Social Protection Buying unitnot reported Publication date2022-01-12 Contest statusnot reported DescriptionThe successful Tenderer will carry out an Actuarial Review of the financial condition of the Social Insurance Fund (SIF) as at 31 December 2020. This Review will provide an actuarially-based assessment of the future "health" and sustainability of the SIF. In particular, it will examine the impacts of the various potential changes to pension payment rates based on contribution averages, limitation of benefit duration etc. in order to better inform future expenditure. In addition, the Tenderer will be required to model options and recommendations from the report from the Commission on Pensions.Further actuarial resources will be required at a later date with the Contracting Authority to deal with the analysis of other policy requirements as they arise.Awards
This award was granted to KPMG by Department of Social Protection for an amount of EUR 329,440. The procurement process was conducted through open for the category of services. The award was granted on 2022-05-12. This is award number 1.
| Supplier | Amount | Award date | Award number |
|---|---|---|---|
| 🇮🇪 KPMG | EUR 329,440 | 2022-05-12 | 1 |
Market context and opportunities
The execution of this contract allows the entity Department of Social Protection to fulfill its public service objectives efficiently.
The open purchase modality ensures that the process is transparent and compliant with regulations.
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
This transparency in public procurement promotes fair competition, prevents corruption, and ensures that public resources are used efficiently for the benefit of citizens.
Additional data
Contract NumberIE_ocds-70d2nz-dac1acaa-ab5a-4418-b075-2d4e2d55e323-award-1Publication date2022-01-12Contract datenot reportedAward date2022-05-12CategoriesservicesPurchase modalityopenMethod detailspt_openStatusnot reportedData sources
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