Diagnostic Review and Strategic Plan of the Operations of the Bahamas Development Bank- The Bahamas
9 May 2017
GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS DEVELOPMENT BANK
CONSULTANCY SERVICES TO CONDUCT A DIAGNOSTIC REVIEW AND PREPARE A STRATEGIC PLAN OF THE OPERATIONS OF THE BAHAMAS DEVELOPMENT BANK
REQUEST FOR EXPRESSIONS OF INTEREST
The Government of the Commonwealth of the Bahamas (GOCB) has applied for financing from the Caribbean Development Bank (CDB) to assist the Bahamas Development Bank (BDB) in financing the cost of conducting a study in the form of a Diagnostic Review of the operations of BDB along with the preparation of a strategic plan. GOCB intends to apply the proceeds of this financing to eligible payments under a contract for which this invitation is issued. Payments by CDB will be made only at the request of GOCB and upon approval by CDB, and will be subject in all respects to the terms and conditions of the Financing Agreement. The Financing Agreement prohibits withdrawal from the financing account for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of CDB, is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations. No party other than GOCB shall derive any rights from the Financing Agreement or have any claim to the proceeds of the Financing.
BDB, the Executing Agency, now wishes to procure consultancy services to undertake a diagnostic study of the Bahamas Development Bank and to inform its long-term sustainability.
The objective of the consultancy is to assess Operations, Strategic Issues such as Corporate Governance, Human Resources and Financial Performance and necessary Strategic Direction and Objectives and make recommendations with a view to improving the long-term sustainability of the BDB.
The duration of the assignment is expected to be for a period of (6) months.
The Bahamas Development Bank now invites interested, eligible, consulting firms to submit Expressions of Interest for the provision of these consultancy services.
Consultants shall be eligible to participate if:
(a) in the case of a body corporate, it is legally incorporated or otherwise organised in an eligible country, has its principal place of business in an eligible country and is more than 50 per cent beneficially-owned by citizen(s) and/or bona fide resident(s) of eligible country(ies) or by a body(ies) corporate meeting these requirements;
(b) in the case of unincorporated firms, the persons are citizens or bona fide residents of an eligible country; and
(c) in all cases, the consultant has no arrangement and undertakes not to make any arrangements, whereby any substantial part of the net profits or other tangible benefits of the contract will accrue or be paid to a person not a citizen or bona fide resident of an eligible country.
Eligible countries are member countries of CDB.
In the assessment of submissions, consideration will be given to technical competence, qualifications and experience, local and regional experience on similar assignments, financial capability and existing commitments. All information must be submitted in English. Further information may be obtained from the first address below between 9:00 a.m. and 4:00 p.m. hours Monday to Friday.
Two (2) hard copies of the Expressions of Interest must be received at the first address below no later than May 31, 2017 by 4:00 p.m. (Bahamas Time) and one (1) hard copy must be sent simultaneously to CDB at the second address below. The sealed envelope containing each submission should include the name and address of the applicant and shall be clearly marked “Expression of Interest – Consultancy Services to Conduct a Diagnostic Review and Strategic Plan of the Operations of the Bahamas Development Bank.”
Following the assessment of submissions, a shortlist of not less than three and not more than six applicants will be provided with full terms of reference, and invited to submit technical and financial proposals to undertake the assignment. GOCB reserves the right to accept or reject late applications or to cancel the present invitation partially or in its entirety. It will not be bound to assign any reason for not short-listing any applicant and will not defray any costs incurred by any applicant in the preparation and submission of Expressions of Interest.
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