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Sydney Trains & NSW Trains / Insurance Broking Service - CW2330953

Contract Award Notice ID CW2330953
Publish Date 12-Apr-2019
Category Financial consultants
Agency Sydney Trains
Particulars of the goods or services to be provided under this contract

Insurance Program Provides Coverage To Protect And Physical Assets and Liabilities to Third Parties

Original Contract Duration 22-Feb-2019 to 12-Apr-2019
Amended Contract Duration 22-Feb-2019 to 30-Jun-2024

Contract Award Notice Details

Contractor Name Marsh Pty Ltd
ACN 004651512
ABN 86 004 651 512
Is an Aboriginal or Torres Strait Islander owned business No
Street Address 100 Barangaroo Avenue
Town/City Sydney
State/Territory NSW
Postcode 2000
Country AUSTRALIA


Other private sector entities involved in, with an interest in or benefiting from this contract

N/A

Estimated amount payable to the contractor (including GST)

$13,090,009.00 (Goods or services supplied)

Amended estimated amount payable to the contractor (including GST)

$2,976,600.00 (Goods or services supplied)

Any provisions for payment to the contractor for operational or maintenance services

N/A

Method of Tendering

Non Tender

Description of any provision under which the amount payable to the contractor may be varied

N/A

Description of any provisions under which the contract may be renegotiated

N/A


Summary of the criteria against which the various tenders were assessed

Evaluation Criteria Weighting

Continuation of services.
Renegotiation conditions of contract.

Contract Contains Agency 'PiggyBack' Clause

Yes


Industrial Relations Details for this Contract
Name of Sub-contractors (incl. ABN & ACN)

N/A

Applicable Industrial Instruments

N/A

Location of Work

N/A

NSW Industrial Relations inspectors routinely audit the employment records of contractors and sub-contractors to all NSW Government contracts. The results of these inspections are published on the NSW Industrial Relations website.

Agency Contact Lynn Herisson


Particulars of future transfers of assets to the State, at zero or nominal cost to the State, including the date of their transfer

N/A

Particulars of future transfers of assets to the contractor including the date of their transfer

N/A

The results of any cost-benefit analysis of the contract conducted by the agency

N/A

The components and quantum of the public sector comparator if used

N/A

If relevant, a summary of information used in the contractor's full base case financial model (for example, the pricing formula for tolls or usage charges)

N/A

If relevant, particulars of how risk, during the construction and operational phases of a contract to undertake a specific project (such as construction, infrastructure or property development), is to be apportioned between the parties, quantified (where practicable) in net present-value terms and specifying the major assumptions involved

N/A

Particulars as to any significant guarantees or undertakings between the parties, including any guarantees or undertakings with respect to loan agreements entered into or proposed to be entered into

The contractor holds a self-insured professional indemnity insurance. Where there is  change or deterioration in the financial standing of self-insured, the Contractor must obtain a replacement for Professional Indemnity Insurance policy with an insurer that complies with the requirements of this Contract.

Particulars of any other key elements of the contract

N/A