DEADLINE: 30TH OCTOBER, 2023
NIGERIA LNG LIMITED (NLNG)
INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR PROVISION OF FINANCE SERVICES
This is an invitation for expression of interest for provision of finance services to the financial control, treasury, accounts payable and receivable, loans and insurance, risk & compliance business services areas within the finance division.
INTRODUCTION
Nigeria LNG Limited (NLNG) intends to source qualified service providers to support the operations of the finance division.
NLNG hereby invites Finance services organizations to express their interest in participating in the tendering for this service.
SCOPE OF WORKS
The vendor shall provide competent personnel with the relevant experience and proficiency to:
a. Monitor and adequately give accurate account of invoices and timely response to enquiries from vendors.
b. Timely and accurate processing of invoices in line with agreed contractual obligations and terms, ensuring correct and complete application of transaction taxes.
c. Investigate invoices noted to be overdue or in contention, provide feedback to the line to facilitate qualitative vendor reconciliation.
d. Liaise with accounting, reconciliation and reporting units, banks and other related parties in response to payments enquiries.
e. Generate and post payments, act as a focal person for bank enquiries; ensure that bank accounts are credited with all foreign and local currency receipts and are all accounted for
f. Extraction of monthly tax schedules, passing of accounting entries and timely reconciliation of all tax accounts monthly.
g. Support business with budgeting, contract development, cost management and performance reporting.
h. Carry out asset verification and support the preparation of financial statements and management accounts.
i. Produce loan, prepayment agreements schedules, and compute interest and prepayment premiums. Process insurance claims, ensuring requisite documentation are supplied.
j. Process insurance claims from documentation to payment whilst managing the needs and demands of the company and third parties for various insurance services
k. Perform control framework documentation and testing of actual controls against design.
FUNCTION SPECIFICATION
The following are general requirements for the provision of competent finance professionals for this service.
a. It must be a 100% fully-owned Nigerian Company.
b. Be registered as a manpower supply or a finance services company with a good track record.
c. Valid midstream and downstream oil & Gas industry service permit (MDOGISP) certificates issued by Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to do business in the Nigerian Oil and gas industry.
COMMENCEMENT AND DURATION
The contracts expected commencement date is March 2024, and the duration will be three (3) years.
COMPLIANCE WITH LOCAL REGULATIONS
The Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 further supports and details expected Nigerian Content Deliverables within contracts in the Nigerian Oil and Gas industry as listed below.
NIGERIAN CONTENT
Companies responding to this advertisement are required to submit the following in compliance with the NOGICD Act, 2010:
a. Documentation to demonstrate that the entity is a Nigerian registered company. Submission of certified true copies of CAC forms 02 & 07 (or its equivalent; CAC 2.3, 2.4, 2.5 etc) including company memorandum and Articles of association. All companies shall be legally registered Nigerian indigenous service companies having 51% and above Nigerian equity in shareholding and ownership structure of tenderer’s legally registered entity in Nigerian by CAMA (Companies and Allied Matters Act).
b. Evidence of registration on the Nigerian content Development Monitoring Board (NCDMB) NOGIC Joint Qualification System (JQS)
c. A detailed description of the location of in-country committed facilities & infrastructure (assets, technical office, administrative space, laboratory etc) in Nigeria to support this contract or submit a credible and verifiable plan towards setting up such facilities.
d. Explain the intended methodology for compliance with the requirements of the NOGICD ACT 2010 and how it intends to give first consideration to services provided from within Nigeria, first consideration to goods manufactured in Nigeria and first considerations for employment and training of Nigerians in the work programme.
e. Evidence that the company is a Nigerian-registered company with 51% Equity shareholding & ownership.
f. Submit corporate organizational structure with the percentage of management that are Nigerian nationals and the percentages of the total workforce that are Nigerian.
g. Evidence of valid category 1,2,3,4 or 5 for consultancy services (CS) Group NCEC demonstrating capability and capacity relevant to execute this work scope.
h. In line with the Nigerian Content Development Human Capacity Development (HCD) initiative, commit to providing project-specific training, man-hour, budget, skill development and understudy plan for Nigerian personnel utilizing OGTAN registered trainer(s) or other approved NCDMB training institutions.
PRE-QUALIFICATION
Only companies successful in the pre-qualification exercise (document evaluation and/or site visit) will be invited to provide a competitive tender for this service.
To be considered for pre-qualification, interested bidders are required to submit the documents listed below:
- Company profile, organization structure and details of any technical support relationship with foreign companies (where applicable).
- Certificate of incorporation, Nigerian tax registration number, and MDOGISP registration for Training/Manpower Development.
- Tax clearance certificates for the past three (3) years
- Audited annual financial report and relevant financial capability information for the last three (3) years
- Copy of the Company’s Safety Management System Manual
- Details of relevant verifiable, experience of similar contract(s) that the company has undertaken as the main contractor over the past five years.
- Any additional information that will enhance the potential of the organization.
SUBMISSION OF RESPONSES
Submission in response to the above requirements shall strictly be in accordance with the instructions given in this publication, segregated and arranged in the order indicated.
Failure to submit any of the documents requested herein may result in the disqualification of the company.
The pre-qualification document should be submitted via:
Electronic copy in PDF by email to Finance.Contract@nlng.com with “CONFIDENTIAL – Expression of Interest and pre-qualification for Provision of finances services in the subject line.
The submission must be received by NLNG on or before 1600hrs Monday, 30th October, 2023.
PLEASE NOTE
a. This is not an invitation to tender. The full tendering procedure will be provided to applicants that are successful at this EOI stage, in accordance with NLNG’s pre-qualification requirements.
b. Notwithstanding the submission of the documents for the expression of interest, NLNG is neither committed nor obliged to include any company and/or their associated companies, agents or sub-contractors on any bid list or to award any form of contract to any company and/or its associated companies, agents or sub-contractors.
c. Please be aware that this invitation to express interest does not guarantee that any company will be requested to submit an offer to NLNG; it does not constitute any form of agreements or contract between NLNG and any company.
d. NLNG shall not be responsible for any cost incurred in responding to this invitation.
e. This advertisement for EOI shall not be construed as a commitment by NLNG, nor shall it entitle respondents to claim any indemnity from NLNG and/or any of its shareholders by virtue of having responded to this advertisement.
f. This is a simple invitation for interested companies to express their interest in the indicated work scopes and does not warrant any further feedback from NLNG hereafter. If you do not hear from NLNG within three (3) months of submission of a response to this publication, please assume that your application was not successful.
Signed
MANAGEMENT
NIGERIA LNG LIMITED
