Provision of Consultancy Services - Development Tender - 142411325

Procurement Summary

Country: Jamaica

Summary: Provision of Consultancy Services - Development of Micro-Prudential Forecasting Model

Deadline: 10 Jul 2026

Posting Date: 01 Jun 2026

Other Information

Notice Type: Tender

TOT Ref.No.: 142411325

Document Ref. No.: RFP#: 2026-51-01-02

Competition: ICB

Financier: Self Financed

Purchaser Ownership: Public

Tender Value: Refer Document

CPV Classification

73000000 - Research and development services and related consultancy services

Purchaser's Detail

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Tender Details

The Bank of Jamaica seeks to engage an external expert to design, and develop, a System Dynamics Model to strengthen its capacity for forward-looking micro-prudential supervision and forecasting. The model will provide supervisors with a dynamic tool to better understand how financial sector risks evolve in response to macroeconomic changes, policy shifts, and institutional behaviour. The primary objective is to develop a model that: • Simulates key banking sector risk indicators, including capital adequacy (CAR), liquidity, profitability, non-performing loans (NPLs), and leverage. • Integrates key macroeconomic variables such as GDP growth, interest rates, inflation, and fiscal policy changes, allowing supervisors to assess their influence on institutional risk profiles. • Provides scenario-based early warning functionality, helping financial supervisors anticipate vulnerabilities before they materialize into systemic threats. • Supports policy analysis and decision-making, enabling testing of supervisory responses and regulatory adjustments in a controlled environment. • Is accessible and applicable across divisions, including bank supervision, financial stability, and policy analysis, fostering consistent, data-driven risk assessments. • Includes an interactive interface that allows end-users to input different macro-financial conditions and visualize the impact on risk indicators over time. This request for proposal is seeking a qualified consultant to deliver Phase 1, the prototyping phase, comprising the literature review, model conceptualization, data review, and the development and empirical calibration of the System Dynamics Micro-Prudential Forecasting Model prototype, together with the associated documentation and knowledge transfer required to support institutional continuity.
Competition unique ID: 1093/199

Procurement Method: Open - ICB

Procurement Type: Services

Re-Tender flag: Original Tender

Special and Differential Treatment (SDT): No Special & Differential Treatment

Funding Source: Self-financed

PPC-NCC Categories: S0130-Consulting Services - General

Date of Publication/Invitation: 30/05/2026 14:00 UTC-5

Bid Opening Date: 10/07/2026 10:15 UTC-5

Original deadline for bid submission: 10/07/2026 10:00 UTC-5

Documents

 Tender Notice

Document_1.pdf

142411325.zip