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Actuarial and financial management and information services: - 0600938

RFT ID 0600938
RFT Type Open Tenders
Published 31-Jul-2006
Closes 13-Sep-2006 9:30am
Category Public administration and finance services
Agency NSW Procurement


Contact Person
Cherie Knowles
Phone: 02 9501 5875
Mobile: 0411 283 863
mark.vanepen@commerce.nsw.gov.au

Tender Details

WorkCover NSW seeks two (2) providers of actuarial, financial management and information services as follows:
  • a primary Contractor, to be known as the Actuarial, Financial Management and Information Services Primary Contractor (Primary Contractor) and

  • a secondary Contractor, to be known as the Actuarial, Financial Management and Information Services Secondary Contractor (Secondary Contractor).

    The Principal Actuary must be a fellow of the Institute of Actuaries of Australia.
The role of the Primary Contractor incorporates:

Actuarial Services:
Responsibility for undertaking valuations, assessing performance related fees for Scheme Agents, budget projections and other actuarial services in respect of the Scheme, and peer review of the other Workers Compensation system funds. The Primary Contractor will also be required to provide advice and supporting reports to assist in the determination of queries or disputes that may arise from time to time on matters relating to Scheme Agent remuneration arrangements.

Financial Management Services:
Responsibility for providing financial management, insurance and related consultancy services, assisting in policy development and related matters for WorkCover NSW.

Information Services:
Assist WorkCover NSW with the maintenance and improvement of the WorkCover NSW Corporate Data Repository and the development of standard and ad-hoc reports for WorkCover NSW. The Primary Contractor will also be required to provide ongoing assistance in the specification and testing of changes; development of any additional reports; and in resolving data quality and consistency problems in relation to the WorkCover NSW Corporate Data Repository.

Additionally, the Primary Contractor will be required to provide ongoing assistance in the training and education of WorkCover NSW Staff, and supporting WorkCover NSW to build in-house capability and skills.

The role of the Secondary Contractor incorporates:

Actuarial Services:
Responsibility for undertaking valuations, premium setting, budget projections and other actuarial services in respect of the System, and peer review of the Scheme.

Financial Management Services:
Responsibility for providing financial management, insurance and related consultancy services, assisting in policy development and related matters for WorkCover NSW.

Information Services:
Assist WorkCover NSW with the maintenance and improvement of the WorkCover NSW Corporate Data Repository and the development of standard and ad-hoc reports for WorkCover NSW. The Secondary Contractor will also be required to provide ongoing assistance in the specification and testing of changes; development of any additional reports; and in resolving data quality and consistency problems in relation to the WorkCover NSW Corporate Data Repository. Additionally, the Secondary Contractor will be required to provide ongoing assistance in the training and education of WorkCover NSW Staff, and supporting WorkCover NSW to build in-house capability and skills.

Note:

Tenderers may bid for one or both Contractor roles but will not be awarded more than one Contractor role.

The Dust Diseases Board may utilise the Services of the Actuaries appointed under any resultant Agreement but reserves the right to determine which Actuary will be the Primary and Secondary Contractor for its requirements only.

WorkCover NSW and the Dust Diseases Board reserves the right at all times, to request other providers not included in any resultant Agreement to provide services including those included in this Agreement.

The specific services comprising WorkCover NSW's Requirements are detailed in the Specification of Service in Part C2 of the Request for Tender (RFT).

Queries about the RFT, by email, may be sent to:
Contact Officer

Location

NSW Regions: Central West, Far West, Hunter, Illawarra, Mid North Coast, Murray, Murrumbidgee, Northern, North Western, Richmond Tweed, South Eastern, Sydney

RFT Type

Open Tenders - An invitation to tender by public advertisement with no restriction placed on who may tender. Tenderers will normally be required to demonstrate in their tender that they have the necessary skills, resources, experience, financial capacity, and in some cases licences, accreditations, etc., to fulfil the tender requirements.

RFT Preview Document(s)


Related Records

  • Standing Offer Notices:
    • 0600938

Additional Details / Instructions

Pre-Tender Briefing: An open pre-tender briefing session for prospective tenderers will be held at 11.30am to 1.30pm on Wednesday 9 August 2006 at the following location:
WorkCover Authority of New South Wales
Meeting Rooms 3A and 3B
Level 3, 60-70 Elizabeth Street
Sydney NSW 2000.

This briefing session will enable prospective tenderers to obtain further information, in order that they may gain a thorough understanding of the services required by the Principal.

Prospective tenderers wishing to attend the open briefing session are to contact Cherie Knowles on (02) 9501 5875 or email cmkprocurement@optusnet.com.au
by 4.00pm on Tuesday 8 August 2006 advising details of the organisation and its personnel attending.

Documents available for this RFT (issued on 31/07/2006):

This Request for Tender incorporates confidential documents (Restricted Information) containing background information and reports which are considered necessary for a tenderer to view prior to submitting a tender.

Although all organisations may access the bulk of the RFT, to receive the Restricted Information prospective tenderers must meet certain criteria. These criteria, together with instructions on how to obtain the Restricted Information, are provided at Part A, clause 3.2 of the RFT.
Both softcopy (electronic download files) and hardcopy (paper) of this RFT (other than the confidential component) are available.
A CD is not available

An ?Exhibited? hard copy maybe available for public viewing by arrangement at McKell Building, 2-24 Rawson Place, Sydney, or another location as noted in the documents.

A separate Summary information file about this this RFT/EOI may be available. If so download this single file to view the provided information.
Go to the blue View a Summary Document - free link at the bottom of this page (then use the Save target as..? option to download and save this file to your PC) this Summary file may be protected so that it can only be viewed but not printed.

Obtaining the Documents:

First time visitors to this web site who wish to download or order documents will need to self-register on this web site to gain access to any documents.

  • A full soft copy of this RFT/EOI can be downloaded from this web site free of charge.
  • To obtain the provided RFT document(s) you must download to your own computer all the files provided (including addenda), by clicking on the blue "DOWNLOAD A SOFT COPY" link at the bottom of this page and following the on-screen instructions.

  • Hard copy can be ordered on-line via this Web Site, and it will then be posted to your registered street address (not a Post Office box).
    To order click on the blue "ORDER A CD/HARD COPY" link at the bottom of this page and follow the on screen instructions; or
  • It may also be obtained by prior arrangement from the NSW Department of Commerce Tenders Office, McKell Building, 2-24 Rawson Place, Sydney 2000 (Tel: 02 9372 8900) between the hours of 8.30am and 4.30pm, Monday to Friday.
    If a charge applies payment is by credit card (Bankcard, Visacard and Mastercard) or cheque only;
    or
  • It may also be ordered by telephone / EFTPOS - telephone McKell Tenders Office on 02 9372 8900 between the hours of 8.30am and 4.30pm, Monday to Friday - payment only by credit card
Lodgement of tender:

Your completed tenders should be lodged as defined in the RFT documents, however they may usually be lodged electronically via this web page.
As the tenderer you must be a registered user in this system. Click on the blue "LODGE A RESPONSE" link at the bottom of this page and follow the on-screen instructions.

Optimum size of lodgement files is less than 7MB, and if your tender is larger in total it should be broken down into smaller files, and uploaded in separate identified lodgements. The required response documents should not be bundled with supporting documentation. Note also that during the period 11pm to 3am system maintenance is carried out and successful lodgment may not be achieved.

PC Software Requirements:

To be able to open and read/view the downloaded files for this RFT you may require certain software to be installed on your PC:
  • Adobe Acrobat Reader 5.0 (or more recent) - Please click here Adobe Acrobat Reader to be taken to a free download site now.
  • WinZip 7.0 (or more recent) or equivalent - Please click here Winzip ? to be taken to a free evaluation download site now.
Additional software may also be required, including the following, depending on the file types provided:
  • Microsoft Word 97 (or more recent) or equivalent
  • Microsoft Excel 97 (or more recent) or equivalent
Other requirements:

  • An Internet connection to lodge completed responses.
  • This web site has been optimised for the Microsoft Internet Explorer and Netscape Navigator web browsers.
    The minimum requirements are as follows ? IE version 5.5 or later, Firefox 1.0, Netscape Navigator Ver 4.7 or later with Cipher Strength = 128bit. Suggested minimum monitor resolution is 800x600.
    Your web browser MUST be set to accept cookies. You will not be able to Register or accesss the documents if cookies have not allowed.

    The tenderer is responsible for the provision and installation of the necessary software

    Having Problems?

    Having problems with logging in, responding, downloading, opening or viewing files? Please refer first to the FAQ section under the On-line ?HELP button at the top of this page. Should this not resolve the issue, the Commerce tendering service line email RFTenders@commerce.nsw.gov.au may then be contacted (quote RFT number and the issue)