Diagnostic Assessment to Determine the Feasibility of Establishing a Partial Credit... Tender

Procurement Summary

Country : Turks and Caicos Islands

Summary : Diagnostic Assessment to Determine the Feasibility of Establishing a Partial Credit Guarantee Fund (PCGF) to Support Enterprise Development

Deadline : 15 Nov 2019

Other Information

Notice Type : Tender

TOT Ref.No.: 37679846

Document Ref. No. :

Competition : ICB

Financier : Caribbean Development Bank (CDB)

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : MINISTRY OF FINANCE, TRADE AND INVESTMENT
Office of the Deputy Governo Waterloo Plaza Waterloo Road Grand Turk
Turks and Caicos Islands
Email :procurement@gov.tc

Tender Details

Tenders are invited for Diagnostic Assessment to Determine the Feasibility of Establishing a Partial Credit Guarantee Fund (PCGF) to Support Enterprise Development

PROJECT NAME: Partial Credit Guarantee Fund (PCGF) to Support Enterprise Development in the Turks and Caicos Islands

The Government of Turks and Caicos Islands has applied for financing from the Caribbean Development Bank (CDB) towards the cost of a Diagnostic Assessment to Determine the Feasibility of Establishing a Partial Credit Guarantee Fund (PCGF) to Support Enterprise Development in the Turks and Caicos Islands and intends to apply a portion of 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 Government of Turks and Caicos Islands 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 the Government of Turks and Caicos Islands shall derive any rights from the Financing Agreement or have any claim to the proceeds of the Financing.

The Ministry of Finance, Trade and Investment, the Executing Ministry, now wishes to procure consultancy services to undertake a diagnostic assessment to determine the feasibility of establishing a Partial Credit Guarantee Fund (PCGF) to support enterprise development.

The objective of the consultancy is to assess the level of demand for and the feasibility of establishing a Partial Credit Guarantee Fund (PCGF) that may address the lack of access to finance, which has long been a challenge to small businesses operating in the TCI, made worse after the global financial crisis. The project will have two phases: 1) the diagnostic assessment that will determine whether the PCGF is feasible and 2) If deemed feasible in the first stage, the Consultant-s contract will be amended to include the second stage to design an appropriate PCGF model for the Turks and Caicos Islands. The duration of the assignment is expected to be for a period of six (6) months.

The Ministry of Finance, Trade and Investment now invites interested eligible consulting firms to submit Expressions of Interest for the provision of these consultancy services.

ELIGIBLITY

Consultants shall be eligible to participate if:

1. 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;

2. in the case of unincorporated firms, the persons are citizens or bona fide residents of an eligible country; and

3. 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.

The attention of interested Consultants is drawn to paragraph 1.9 of CDB-s Guidelines for the Selection and Engagement of Consultants (2011), setting forth CDB-s policy on conflict of interest.

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 for phase 1 and 2 of the assessment, although the initial contract would be for phase 1. All information must be submitted in English. Further information may be obtained from the first address below between 8:00 am and 4:30 pm, Monday to Friday.

INSTRUCTIONS

Electronic copies of the Expressions of Interest must be received at the first address below no later than 3:00 pm on Friday, 15th November, 2019 (Turks and Caicos Islands time). Also three (3) hard copies should be sent by courier by that deadline; and one electronic copy must be sent simultaneously by email 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 for the Diagnostic Assessment to Determine the Feasibility of Establishing a Partial Credit Guarantee Fund (PCGF) to Support Enterprise Development in the Turks and Caicos Islands."

Following the assessment of submissions, a short-list 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. The Government of Turks and Caicos Islands 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.

Office of the Deputy Governo

Waterloo Plaza

Waterloo Road

Grand Turk

Turks and Caicos Islands

procurement@gov.tc

2. PROCUREMENT OFFICER

Procurement Policy Unit

Caribbean Development Bank
P.O. Box 408
Wildey, St. Michael
Barbados

(246) 431-1600

(246) 426-7269

procurement@caribank.org

Documents

 Tender Notice