Construction All Risk Insurance for the EIB New Building in Luxembourg

Item Description:

The European Investment Bank Group (EIB Group) consists of the European Investment Bank (EIB or the Bank) and the European Investment Fund (EIF).

The European Investment Bank (EIB or the Bank) is the financing institution of the European Union (EU). Created by the Treaty of Rome, its shareholders are the Member States of the EU, and its Board of Governors is composed of the Finance Ministers of these States. The EIB enjoys its own legal personality and financial autonomy within the Community system.

The mission of the EIB is to contribute, by financing sound investment, to the policy objectives of the EU, as laid down in its statutes and in decisions of the European Council.

The EIB contributes towards the integration, balanced development and economic and social cohesion of the Members of the EU. To this end, it raises on the markets substantial volumes of funds that aim at financing capital projects according to the objectives of the EU with the most favourable financial terms. Outside the EU the EIB implements the financial components of agreements concluded under European development aid and cooperation policies.

More background information about the EIB may be found on the website http://www.eib.org

Objective of this tender

This tender has the objective of awarding one single service contract with multiple insurers (lead-insurer and co-insurers) for the Construction All Risk (CAR) Insurance, covering physical loss or damage to the works for the construction of the new office building of the EIB in Luxembourg. The works are related to the construction of an office building with 3 underground and 5 above ground levels, along with a 16 storey tower, for a constructed surface of 63 680 m2. The total value to be insured is EUR 227 000 000.The CAR insurance contract is intended to be awarded to multiple insurers covering portions of the contract.

This tender is divided into 2 lots:

• Lot 1 – lead insurer (minimum capacity is 25 %);
• Lot 2 – co-insurers (minimum capacity is 5 %).

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