Strengthening the Performance and Governance of State-Owned Enterprises Tender, United Kingdom - 27244824

Procurement Summary

Country : United Kingdom

Summary : Strengthening the Performance and Governance of State-Owned Enterprises

Deadline : 26 Oct 2018

Other Information

Notice Type : Tender

TOT Ref.No.: 27244824

Document Ref. No. :

Competition : ICB

Financier : European Bank for Reconstruction and Development (EBRD)

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
Aleksandra Lewandowska One Exchange Square London EC2A 2JN
United Kingdom
Email :lewandoa@ebrd.com
URL :http://www.ebrd.com/

Tender Details

Expression of Interest are invited for Strengthening the Performance and Governance of State-Owned Enterprises in Slovenia.

Single Stage Open Competitive Selection - Request for Proposals

Project Description:

The Republic of Slovenia is the largest owner of companies in the country through direct or indirect holdings that are managed by the Slovenian Sovereign Holding ("SSH") on behalf of the state. Being a State-owned Enterprise (“SOE”) itself, SSH manages the state-s ownership interests in other SOEs on the basis of several legal acts, including the law regulating its operations, the State Assets Management Strategy, and the Asset Management Annual Plan.

Improvements of efficiencies, competitiveness and active management of SOEs are of high priority to the Government of Slovenia and SSH in order to reduce contingent liabilities to the budget as well as to improve SOEs- contribution to the GDP growth. This calls for enhanced tools for strengthening the operational and financial performance of SOEs, in particular for setting the targets and providing tools for their monitoring on the side of SSH as the shareholder and for improved internal governance and better functioning on the side of SOEs.

Against this background, SSH has requested the support of the European Commission and the European Bank for Reconstruction and Development (“EBRD” or the “Bank”) under the European Commission-s Structural Reform Support Programme (the “SRSP”) to strengthen corporate governance and performance of SOEs, including itself.

Assignment Description:

The objective of the assignment is to bolster the ownership function of SSH and contribute to clearer and more ambitious business planning and execution by SOEs any other SOE reporting to SSH.

In order to achieve these objectives, EBRD intends to select a consultant (the “Consultant”) to carry out the tasks outlined below:

(i) Undertaking a review of the governance of SSH, and providing recommendations for its improvement.

(ii) Drafting guidance for a framework on target-setting, monitoring and assessing performance of SOEs (in 100% state ownership), upon a thorough review of SSH-s approach to setting (and communicating to SOEs) performance targets and KPIs, as well as SSH-s methodologies and processes for assessment of SOEs- business plans and for monitoring SOEs- performance;

(iii) Drafting guidance for medium-term business planning and reporting by SOEs (in 100% state ownership), upon a review of business planning processes and reporting on performance by selected SOEs;

(iv) Drafting guidance on SOE (supervisory) board effectiveness (with a focus on SOEs from the energy and/or infrastructure & transport sectors)

(v) Providing training on the above-listed issues through separate workshops organised for the relevant stakeholders to ensure effective implementation of the recommendations.

Full Terms of Reference (TOR) of the Assignment can be found here: http://www.ebrd.com/documents/procurement/tor-74826-.pdf

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 by end November 2018 and must be completed by 19 May 2019.

Maximum Budget for the Assignment: EUR 236, 840.00 exclusive of VAT but including any reimbursable costs such as travel, translation, etc.

Funding Source: It is anticipated that the contract will be financed by European Commission-s Structural Reform Support Programme. Selection and contracting is subject to the availability of funding.

Eligibility: There are no eligibility restrictions based on the consultant's country of origin.

Consultant Profile: The EBRD will select a firm (the “Consultants”) to perform activities under this Project.

The Consultant should be an international advisory firm with previous project experience and proven competencies in:

· Analyzing, developing, managing and implementing complex projects related to corporate governance improvements, corporate governance frameworks and practices and benchmarking them to international standards and best practices preferably of SOEs;

· Finance and business planning/reporting processes improvements including preparation of related guidelines or standard operating procedures;

· Preparation and delivery of workshops relating to corporate governance improvements, business planning and performance, preferably for SOEs, and

· Knowledge of the legal, regulatory and institutional framework governing the SOEs in Slovenia.

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

Key Expert 1: Corporate Governance International Senior Expert/Team Leader: possessing in-depth knowledge of the international and regional corporate governance and internal control standards, regulation and best practices (preferably with a focus on SOEs), regarding the organization and positioning of the state-s ownership function, separation of ownership and regulatory functions, structure, functions, responsibilities and decision making process of management, (supervisory) board and shareholders (including the state), as well as previous experience with advising SOEs/state authorities on the above mentioned areas for the purposes of improving the effectiveness of performance monitoring and enhancing decision making in SOEs;

Key Expert 2: Strategy and Business Planning Senior Expert; possessing deep knowledge of the process for strategy, business plans and budget development, reporting, monitoring and implementation in SOEs; with previous experience in projects involving strategy definition, product and services rethinking, organizational restructuring with a view to improving performance management/oversight and value creation, identification and testing of core challenges deriving from the strategy, design of strategic plans highlighting targets, performance indicators, hypotheses, core challenges, shared solutions.

Key Expert 3: Local Strategy Expert; possessing deep knowledge of the SOE sector in Slovenia and of the key challenges and opportunities of the sector, able to identify and develop alternative credible strategic scenarios and opportunities, with a view to improving performance management/oversight and value creation, products and services in the energy and/or infrastructure & transport sectors and with experience in delivering training/workshops in mentioned areas. Fluency in English and Slovenian is required.

Key Expert 4: Local Corporate Governance and Legal Senior Expert possessing deep knowledge of the state-owned sector and the Slovene legal framework (both laws and secondary regulation) regulating operations of SSH, decision making and strategy development process for SOEs, their governance and control structures, corporate bodies- functions and responsibilities, reporting and accountability lines, as well as the lawmaking and process in the Republic of Slovenia. Fluency in English and Slovenian is required.

Submission Requirements: The consultants are now invited to submit a completed Technical and Financial Proposal as per the standard templates and instructions available at this link: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.

EBRD will engage one single company (instead of a consortium of companies) for this assignment.

1. 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 30 pages excluding the Declaration Form and CVs (Form 1- TP 1 and Form 1 - TP 6).



2. 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 e Selection shall be declared non-responsive.

Bank Contact Person:

Aleksandra Lewandowska
European Bank for Reconstruction and Development
One Exchange Square
London EC2A 2JN
e-mail: lewandoa@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 Bank Contact Person by 11/10/2018

1. Technical Proposal Evaluation Criteria

(a) Firm's previous project experience in similar assignments as described in consultant-s profile (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.

Proposals are then ranked according to their combined technical (St) and financial (Sf) scores using the weights (T = 80; F = 20) T

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