| Ministry/Division |
: |
Ministry of Local Government, Rural Development and Co-operatives |
| Agency |
: |
Local Government Division |
| Procuring Entity Name |
: |
Local Government Division |
| Procuring Entity Code |
: |
|
| Procuring Entity District |
: |
Dhaka |
| Expression of Interest for Selection of |
: |
Consulting Firm (National) (Lump-Sump) |
| Title Of Service |
: |
Request for Expressions of Interest (EOI) for Selection of Audit Review Firms for reviewing Reports of Union Parishad Financial Audits of all Union Parishads (UPs) of different Districts under different Packages [Contract Package Nos.S-23 to S-26 (Total 04 Nos. Packages)] |
| EOI Ref. No. |
: |
No.46.00.0000.018.99.015.18(Part-1) 247 |
| Date |
: |
06/07/2020 |
KEY INFORMATION
|
| Procurement Sub-Method |
: |
Selection under a Fixed Budget(SFB) |
FUNDING INFORMATION
|
| Budget and Source of Funds |
: |
Development Budget GOB |
| Development Partners |
: |
IDA |
PARTICULAR INFORMATION
|
| Project/Programme Name |
: |
Local Governance Support Project-3 (LGSP-3) |
| EOI Closing Date and Time |
: |
30/07/2020 2:00 PM
|
| Publication Date |
: |
13/07/2020
|
INFORMATION FOR APPLICANT
|
| Brief Description of Assignment |
: |
The scope of services includes reviewing Reports on union parishad annual external financial audits for Financial Years (FY) 2018-19, 2019-2020 & 2020-2021of all the UPs of the country each year under the following 04 contract packages:
Sl. No. Package No. Divisions No. of UPs
1 S-23 Dhaka & Mymensing Divisions 1236
2 S-24 Chittagong Division 958
3 S-25 Rajshahi & Rangpur Divisions 1099
4 S-26 Khulna, Barisal & Sylhet Division 1274
The objectives of the audit reviews are to assist LGD to: (i) promptly ascertain if audit reports received from audit firms are acceptable; (ii) ensure quality and consistency of audit process and outcomes; (iii) provide follow-up on audit findings with audit firms and UPs, including support for appeal process, as required. It is expected that the audit review assignment will begin on or around November 2020 and will be completed as mentioned in paragraph 7 below. The working areas under the respective packages (number of Upazilas and UPs) may vary in RFPs (Request for Proposals) and/or during contract negotiations.
|
| Experience, Resources and Delivery Capacity Required |
: |
The Local Government Division of the Ministry of Local Government, Rural Development and Cooperatives now invites eligible Audit Review Firms registered with the Institute of Chartered Accountants of Bangladesh under P.O. No.2 of 1973 to submit their Expressions of Interests (EOIs) for the above contract packages for providing the required services. Interested Audit Review Firms must provide information with documentary evidences indicating that they have the required qualifications and relevant experience to perform the Services (brochures, copy of its original registration, description of assignments of similar nature, experience in similar conditions, availability of appropriate professional qualifications and experience among staff, etc.). The EOIs received for each package will be evaluated on the basis of the following:
? Registration & Age of the firm
? The number of full time partners in the Chartered Accountancy firm (a minimum of three full time partners resident in Bangladesh is required).
? The number of years that the Chartered Accountancy firm has been in public practice in Bangladesh (more than ten years are required).
? Partnership/affiliation with a reputed international Accountancy firm.
? Experience of auditing decentralized public sector bodies and exposure to public sector financial management environment.
? Experience of working on similar assignments (UP accounts, local government finances).
? Experience of work in rural environment.
? Experience of the firm in other works
? Capacity in terms of manpower/ Availability of key personnel with appropriate skill mix and logistics to provide the service in a professional manner.
? Support services of the firm
|
| Other Details (if applicable) |
: |
The attention of interested Firms is drawn to paragraph 55 of the PPR 2008 setting forth the provision on conflict of interest. In addition, please refer to the following specific information on conflict of interest related to this assignment: In order to avoid any conflict of interest, a firm contracted for LGSP-3 UP financial audits and a firm having any sort of direct or indirect interest in such a contracted firm will not be eligible to be an audit reviewing firm.
Information provided by the firms will be verified with the Institute of Chartered Accountants of Bangladesh (ICAB) and/or other entities, wherever applicable. EOIs from single firms would be considered preferable. However, firms may associate with other firms to enhance their qualification, but should mention whether the association is in the form of a “joint venture” or “sub-consultancy”. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected. In the case of an association, all members of such associations should have real and well-defined inputs to the assignment. LGD will communicate only with the lead firm for successful completion of the assigned task.
7. Audit Review Firms will be selected in accordance with the Fixed Budget Selection (FBS) method set out in the Procurement Regulations. It is expected that the assignment will be initially to conduct review of 3 (three) Financial Years with possible extension, to be determined later. It shall commence around November 2020 throughout the 08 Divisions under different contract packages and shall be completed by November 2021, as per the following schedule for each package:
Sl. No. Review of Reports of Annual Financial Statement of FYs Start of Audit Review Completion of Audit Review
i 2018-19 November 2020 March 2021
ii 2019-20 November 2020 March 2021
iii 2020-21 July 2021 November 2021
Interested Chartered Accountancy Firms may obtain further information from the office of the undersigned during office working hours. The Authority reserves the right to accept or reject any or all EOIs received without assigning any reason thereof.
Two (2) sets of Expressions of Interest (EOIs) (in hard copies) along with soft versions (both in pdf and word Format in DVD and through e-mail (in pdf & word format) for any package must be delivered to the address given below by 30th July, 2020, within 02:00 PM. The covering envelope (sealed) should be clearly marked as “EOI for Selection of Audit Review Firms to review Audit Reports of Union Parishads under [mention here the names of respective division(s)] Division(s) under Contract Package No. [mention here the respective package no.]. One firm may express its interest for more than one contract package, but it shall do so by submitting EOIs separately for any such package(s).
|
| Association with foreign firms is |
: |
Not Encouraged |
| Eoi Detail Information |
|---|
| Ref No |
Phasing Of Services |
Location |
Start Date |
Completion Date |
| No. 247 |
Review of Reports of Annual External Financial Audits of FYs 2018-19, 2019-20 and 2020-21 of all UPs |
All Union Parishads (UPs) |
November 2020 |
October 2021 |
|
PROCURING ENTITY DETAILS
|
| Name of Official Inviting EOI |
: |
Maran Kumar Chakraborty |
| Designation of Official Inviting EOI |
: |
Additional Secretary |
| Address of Official Inviting EOI |
: |
Local Government Division, Ministry of Local Government, Rural Development & Cooperatives, Bangladesh Secretariat, Dhaka-1000
|
| Contact details of Official Inviting EOI |
: |
Phone : 02-9558727, Fax : , Email : lgsp3.lgd@gmail.com |
Advertisement Corrigendum(s) |
|---|
Date Of Corrigendum |
: |
26/07/2020 |
| Brief Description |
: |
The scope of services includes reviewing Reports on union parishad annual external financial audits for Financial Years (FY) 2018-19, 2019-2020 & 2020-2021of all the UPs of the country each year under the following 04 contract packages: Sl. No. Package No. Divisions No. of UPs 1 S-23 Dhaka & Mymensing Divisions 1236 2 S-24 Chittagong Division 958 3 S-25 Rajshahi & Rangpur Divisions 1099 4 S-26 Khulna, Barisal & Sylhet Division 1274 The objectives of the audit reviews are to assist LGD to: (i) promptly ascertain if audit reports received from audit firms are acceptable; (ii) ensure quality and consistency of audit process and outcomes; (iii) provide follow-up on audit findings with audit firms and UPs, including support for appeal process, as required. It is expected that the audit review assignment will begin on or around November 2020 and will be completed as mentioned in paragraph 7 below. The working areas under the respective packages (number of Upazilas and UPs) may vary in RFPs (Request for Proposals) and/or during contract negotiations. |
| Experience, Resources and Delivery Capacity Required |
: |
The Local Government Division of the Ministry of Local Government, Rural Development and Cooperatives now invites eligible Audit Review Firms registered with the Institute of Chartered Accountants of Bangladesh under P.O. No.2 of 1973 to submit their Expressions of Interests (EOIs) for the above contract packages for providing the required services. Interested Audit Review Firms must provide information with documentary evidences indicating that they have the required qualifications and relevant experience to perform the Services (brochures, copy of its original registration, description of assignments of similar nature, experience in similar conditions, availability of appropriate professional qualifications and experience among staff, etc.). The EOIs received for each package will be evaluated on the basis of the following: ? Registration & Age of the firm ? The number of full time partners in the Chartered Accountancy firm (a minimum of three full time partners resident in Bangladesh is required). ? The number of years that the Chartered Accountancy firm has been in public practice in Bangladesh (more than ten years are required). ? Partnership/affiliation with a reputed international Accountancy firm. ? Experience of auditing decentralized public sector bodies and exposure to public sector financial management environment. ? Experience of working on similar assignments (UP accounts, local government finances). ? Experience of work in rural environment. ? Experience of the firm in other works ? Capacity in terms of manpower/ Availability of key personnel with appropriate skill mix and logistics to provide the service in a professional manner. ? Support services of the firm |
| Duration |
: |
Start Date - November 2020; Completion Date - October 2021. |
| Other Information |
: |
The attention of interested Firms is drawn to paragraph 55 of the PPR 2008 setting forth the provision on conflict of interest. In addition, please refer to the following specific information on conflict of interest related to this assignment: In order to avoid any conflict of interest, a firm contracted for LGSP-3 UP financial audits and a firm having any sort of direct or indirect interest in such a contracted firm will not be eligible to be an audit reviewing firm. Information provided by the firms will be verified with the Institute of Chartered Accountants of Bangladesh (ICAB) and/or other entities, wherever applicable. EOIs from single firms would be considered preferable. However, firms may associate with other firms to enhance their qualification, but should mention whether the association is in the form of a “joint venture” or “sub-consultancy”. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected. In the case of an association, all members of such associations should have real and well-defined inputs to the assignment. LGD will communicate only with the lead firm for successful completion of the assigned task. 7. Audit Review Firms will be selected in accordance with the Fixed Budget Selection (FBS) method set out in the Procurement Regulations. It is expected that the assignment will be initially to conduct review of 3 (three) Financial Years with possible extension, to be determined later. It shall commence around November 2020 throughout the 08 Divisions under different contract packages and shall be completed by November 2021, as per the following schedule for each package: Sl. No. Review of Reports of Annual Financial Statement of FYs Start of Audit Review Completion of Audit Review i 2018-19 November 2020 March 2021 ii 2019-20 November 2020 March 2021 iii 2020-21 July 2021 November 2021 Interested Chartered Accountancy Firms may obtain further information from the office of the undersigned during office working hours. The Authority reserves the right to accept or reject any or all EOIs received without assigning any reason thereof. Two (2) sets of Expressions of Interest (EOIs) (in hard copies) along with soft versions (both in pdf and word Format in DVD and through e-mail (in pdf & word format) for any package must be delivered to the Project Management Unit (PMU), LGSP-3, City Centre, 90/1 Motijheel C/A, Dhaka-1000, e-mail: lgsp3.lgd@gmail.com by 30th July, 2020, within 02:00 PM. The covering envelope (sealed) should be clearly marked as “EOI for Selection of Audit Review Firms to review Audit Reports of Union Parishads under [mention here the names of respective division(s)] Division(s) under Contract Package No. [mention here the respective package no.]. One firm may express its interest for more than one contract package, but it shall do so by submitting EOIs separately for any such package(s). |
| Last Date Of Submission |
: |
30/07/2020 |
| Last Time Of Submission |
: |
2:00 PM |
| Status |
: |
Active |
|
| The procuring entity reserves the right to accept or reject all tenders |
