# Tender of insurance program for Property Damage and Business Interruption

- **Source:** TED · `20572-2025`
- **Buyer:** Nordværk I/S
- **Published:** 2025-01-13
- **Deadline:** —
- **Estimated value:** —
- **CPV codes:** 66000000, 66500000, 66510000, 66513200, 66515000, 66515100, 66515200, 66515300, 66515400
- **Place-of-performance NUTS:** —
- **Buyer-address NUTS:** —
- **Notice type:** can-standard / 30

## Procedure details

Source lists may span several lots; list positions do not establish relationships.

### Procedure Types

- neg-w-call

### Award Criterion Names

- Price
- Quality

### Award Criterion Descriptions

- Points for the sub-criteria “Price/Premium” will be awarded on a point scale from 0-10, where lowest offered premium will be given 10 points, and a premium that is 100% higher than the lowest premium will be given 0 points. Prices in between will be awarded points by linear interpolation between those two fix points. If the price range on the incoming conditional offers can be accommodated within "lowest price to 100% higher than lowest price", this rating interval will be selected. Secondary model: If one or more premiums are more than 100% higher than the lowest premium offered, Nordværk will expand the interval so that the tenderer submitting the lowest premium will be given the highest score (10 points) and the tenderer submitting the highest premium (up to 150% higher than the lowest premium) will be given the lowest score (0 points). Prices in between this interval will be awarded points by linear interpolation between those two fix points. If the price span is greater than 150% higher than lowest price, the nearest possible range (200%, 250%, 300% etc.) that can accommodate the price range will be selected.
- Requirement 1 - Period of insurance (10 %): It will be weighted positively, if the quote includes insurance coverage for a 3-year period, i.e., 1st January 2025 to 31st December 2027. Necessary escape clause may be accepted, and a 6 month cancellation period is suggested if it becomes necessary to cancel the agreement within the 3 year period. Please attach your suggested 3 year agreement with your quote, if you are able to quote on this basis. Nordværk reserves the right to be the sole judge as to the quality of your offered “period of insurance” terms. Requirement 2 - Sub-limits of liability (45 %): The sub limits of liability described in the submission material for Troensevej 2 should be fully met. It will be weighted positively, if the quote includes full acceptance of the requested sub limits of liability. Minor deviations may be accepted, but Nordværk reserves the right to be the sole judge as to the significance of your deviations. Requirement 3 - Policy wording as enclosed (45 %): The full Policy Wording enclosed to the submission material should be fully met. It will be weighted positively, if the quote includes full acceptance of the entire wording. Minor deviations may be accepted, but Nordværk reserves the right to be the sole judge as to the significance of your deviations.
- Requirement 1 - Period of insurance (10 %): It will be weighted positively, if the quote includes insurance coverage for a 3-year period, i.e., 1st January 2025 to 31st December 2027. Necessary escape clause may be accepted, and a 6 month cancellation period is suggested if it becomes necessary to cancel the agreement within the 3 year period. Please attach your suggested 3 year agreement with your quote, if you are able to quote on this basis. Nordværk reserves the right to be the sole judge as to the quality of your offered “period of insurance” terms. Requirement 2 - Sub-limits of Liability (45 %): The sub limits of liability described in the submission material for Miljøvej 7 should be fully met. It will be weighted positively, if the quote includes full acceptance of the requested sub limits of liability. Minor deviations may be accepted, but Nordværk reserves the right to be the sole judge as to the significance of your deviations. Requirement 3 - Policy Wording as enclosed (45 %): The full Policy Wording enclosed to the submission material should be fully met. It will be weighted positively, if the quote includes full acceptance of the entire wording. Minor deviations may be accepted, but Nordværk reserves the right to be the sole judge as to the significance of your deviations.

## Description

This tender concerns the conclusion of insurance program for Property Damage and Business Interruption. The thender consists of two lots - one for the plant in Aalborg and one for the plant in Hjørring. Insurers can choose to tender for one or both plants. The NORDVÆRK PDBI program should be a pure local Danish Insurance program. Nordværk would, if possible, cf. requirement 2.1 in the Requirements Specifications, like to obtain insurance coverage for a 3-year period, i.e. 1 January 2025 to 31 December 2027. The insurance company can only terminate the insurance contract in the event of non-payment of premiums. Termination must be made in writing to Nordværk with at least three months' notice. Nordværk must have the opportunity to pay the outstanding premium within the cancellation period. If the premium is paid during this period, the termination will not take effect.

## Original notice

https://ted.europa.eu/da/notice/-/detail/20572-2025