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Assistance in strengthening the Internal Audit Function at Financial Institutions in the Kyrgyz Republic and Tajikistan

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Tender Details

This tender with title Assistance in strengthening the Internal Audit Function at Financial Institutions in the Kyrgyz Republic and Tajikistan has been published on Bidding Source portal dated 21 Nov 2018 for the country of Multi-Country. It has been categorized on Internal audit services & Financial auditing services. For similar tenders you can see tenders mentioned below of this page.

General Information

Assistance in strengthening the Internal Audit Function at Financial Institutions in the Kyrgyz Republic and Tajikistan
Invitation for expressions of interest (CSU)
21 Nov 2018
7 Dec 2018
English
European Bank for Reconstruction and Development
European Bank for Reconstruction and Development
Internal audit services , Financial auditing services

Assistance in strengthening the Internal Audit Function at Financial Institutions in the Kyrgyz Republic and Tajikistan

Location:

Regional

Business sector:

Financial institutions

Project number:

75739

Funding source:

SFEBSF - EBRD Shareholders SF

Contract type:

Consultancy Services

Notice type:

Invitation for expressions of interest (CSU)

Issue date:

09 Nov 2018

Closing date:

07 Dec 2018   at  12:00   London

Access eSelection

Project Description:

The European Bank for Reconstruction and Development (the “EBRD” or the “Bank”) aims to address a request from partner financial institutions (the “PFI”s) in the Kyrgyz Republic and Tajikistan with whom the Bank has equity and/or debt relationships with, to conduct a diagnostics of their internal audit function and provide them with recommendation to strengthen this area in line with the international best practices (the “Project”).

Particular areas of interest for the PFIs are the overall role and responsibilities of the internal audit function, its independence within the organisation, assessment of efficiency in identification of the key risks, as well as the quality of reporting provided to management and Board.

Assignment Description:

In the context of the Project the proposed Technical Cooperation assignment aims to address this request and help PFIs to improve the overall efficiency of their internal audit functions bringing them closer to the best international standards (the “Assignment”). It is envisaged that this will be an assignment for up to 10 PFIs.

The EBRD intends to select and contract a consultant (the “Consultant”) in order to perform the services necessary for the above mentioned Assignment.

The detailed scope of work and services (the “Services”) are further described in the full terms of reference (the “ToRs”) attached hereto: http://www.ebrd.com/documents/procurement/75739-tors-.doc

Consultant Selection Procedure:

Single stage open competitive selection.

Interested firms or groups of firms are invited to submit a Technical and Financial Proposal.

Assignment Start Date and Duration:

The Assignment is expected to start in the first quarter of 2019 and has an estimated overall duration of six (6) months.

Cost Estimate for the Assignment:

EUR 250,000 (exclusive of VAT).

The Consultant must determine whether any VAT would be chargeable on the services and the basis for that determination, without taking into consideration the special status of the Bank as an IFI and state this to the Bank in their response to the Request for Technical Proposals. To the extent that a Consultant incurs input VAT on goods and services purchased in connection with the provision of services (e.g. VAT on airline ticket) which is not otherwise recoverable by the consultant from the local tax authority, the gross cost to the consultant of such expenses shall be treated as a reimbursable expense.

Funding Source:

It is anticipated that the contract will be financed by the EBRD Shareholder Special Fund. Please note that selection and contracting are subject to the availability of funding

Eligibility:

There are no eligibility restrictions based on the consultant's nationality

Consultant Profile:

Corporate services are required.

The Consultant will be a firm or a group of firms preferably with substantial previous project related experience and knowledge in/of:

Implementing similar projects, preferably in Eastern Europe, Caucasus and Central Asia or in a similar context in countries of operation of EBRD;

Improving the overall efficiency of Financial Institutions internal audit functions bringing them closer to the best international standards.

Operating environment of the local financial and banking sector and the relevant regulatory developments in the Kyrgyz Republic and/or Tajikistan or similar countries of Central Asia;

Please note that the knowledge of local and/or Russian language is essential, however, if the Consultant’s experts do not speak a local language, they must ensure that they have their own interpreters for all activities to ensure that ongoing communication with the PFIs is adequate.

The Consultant's expert team is expected to include the following key experts (the “Key Experts”):

Key Expert 1: Project Coordinator (Team Leader), with preferably 10 years of experience in:

Managing the implementation of similar projects at commercial banks in emerging markets and similar operating environments; and

Fluent spoken and written English and Russian is essential. Good knowledge of local language is desirable.

Key Expert 2: Audit Expert(s) with preferably 7-10 years of experience in:

Similar projects at commercial banks in emerging markets and similar operating environments;

Liaising with commercial banks’ staff and management;

Structuring and delivering of appropriate training programmes for commercial banks’ staff; and

Fluent spoken and written English and Russian is essential. Good knowledge of local language is desirable.

Submission Requirements:

Interested Consultants are now invited to submit a completed Technical and Financial Proposal as per the standard templates and instructions available here: http://www.ebrd.com/documents/procurement/single-stage-package.docx.

Interested Consultants should make themselves familiar with these Standard Templates, Standard Instructions and Conditions of Contract in preparation of their proposals.

The Technical Proposal shall be submitted in English electronically via eSelection not later than the Closing Date, as one single PDF file. The technical proposal should not exceed 20 pages excluding the Declaration Form and CVs (Form 1- TP 1 and Form 1 – TP 6).

The Financial Proposal (Form 2 – FP 1 and FP2) shall be submitted in English separately by email only to the Bank Contact Person. Consultants are reminded of the requirement to ensure the confidentiality of the Financial Proposals.

A Technical Proposal that contains elements of a Financial Proposal shall be declared non-responsive. A Financial proposal submitted together with the technical proposals via eSelection shall be declared non-responsive.

Bank Contact Person:

Aspasia Tsekeri- Associate

Procurement Operations and Delivery Department (PODD)

European Bank for Reconstruction and Development

One Exchange Square

London EC2A 2JN

e-mail: tsekeriA@ebrd.com

For the avoidance of doubt, technical proposals should be sent through eSelection and NOT to this email address.

Financial proposals should be sent to this email address and NOT through eSelection.

Deadline to Submit Clarification Questions:

Via e-mail to the Bank Contact Person, the latest 2 weeks before the deadline for submissions.

Selection Method and Evaluation Criteria:

1. Technical Proposal Evaluation Criteria

a) Firm's previous project experience in similar assignments (30%)

b) Quality of the methodology proposed for the Assignment (30 %)

c) CVs of the Key Experts (40 %).

The minimum technical score (St) required to pass is 70.

2. Opening of Financial Proposals

After the technical evaluation is completed, only the submissions which score 70 or above of the total marks available for the technical criteria will be eligible to have their financial proposals opened.

3. Combined Technical and Financial Evaluation

The lowest evaluated Financial Proposal (Fm) is given the maximum financial score (Sf) of 100. The formula for determining the financial scores (Sf) of all other Proposals is calculated as follows:

Sf = 100 x Fm/ F, in which “Sf” is the financial score, “Fm” is the lowest evaluated Financial Proposal, and “F” the price of the Proposal under consideration.




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