DEADLINE: 8TH JULY, 2024
NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC)
PLOT 447/448 CONSTITUTION AVENUE, CENTRAL BUSINESS DISTRICT, ABUJA
INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR BUILDING CAPACITY ON THE DEVELOPMENT OF INTERNAL CONTROL SYSTEM OVER FINANCIAL REPORTING (ICFR) FOR THE CORPORATION
1. INTRODUCTION
The Nigeria Deposit Insurance Corporation (NDIC) wishes to invite reputable and competent companies with good track record of performance and experience to tender for the expression of interest (EOI) for building adequate capacity on the development of Internal Control System over Financial Reporting (ICFR) for the Corporation (NDIC).
2. SCOPE OF SERVICES
The Corporation in compliance with Financial Reporting Council of Nigeria and global best practices in order to encourage sound system of internal controls that will safeguard the stake-holders investment and assets of public interest entities (PIEs). Consequently, the scope of this project is expected to cover but not limited to the following;
1. An end-to-end approach to review of ICFR.
2. Team mobilization, preliminary consultation and define project plan
3. Internal control testing scoping analysis
4. Process Models, Supporting applications and risk and control matrix
5. Testing results and summary of control deficiencies
6. Aggregate control deficiencies and recommendations, independents assessor’s report
7. Produce compendium based on improve required internal practice and best global standard.
3. ELIGIBILITY REQUIREMENTS
Interested bidders for the above project are to submit their bids along with the following requirements;
a) Evidence of Certificate of Incorporation issued by Corporate Affairs Commission (CAC) including Forms CAC 1.1 or CAC 2 and CAC7; business name with form BN1 is also acceptable for consultancy services;
b) Evidence of Company’s Income Tax Clearance Certificates for the last three (3) years valid till 31st December 2024; with minimum average annual turnover of N300 million.
c) Evidence of Pension Clearance Certificate valid till 31st December, 2024 (this requirement is only applicable to bidders whose number of staff is 15 and above).
d) Evidence of Industrial Training Fund (ITF) Compliance Certificate valid till 31st December, 2024 (this requirement is only applicable to bidders whose number of staff is 5 and above or the bidder’s annual turnover is N50m and above);
e) Evidence of current Nigeria Social Insurance Trust Fund (NSITF) Compliance Certificate valid till 31st December, 2024;
f) Evidence of Registration on the National Database of Federal Contractors, Consultants and Service Providers by submission of Interim Registration Report (IRR) expiring on 31/12/2024 or valid Certificate issued by BPP;
g) Evidence of firm’s current registration with the Financial Reporting Council of Nigeria;
h) Sworn affidavit
- disclosing whether or not any officer of the relevant committees of the Nigeria Deposit Insurance Corporation or Bureau of Public Procurement (BPP) is a former or present Director, shareholder or has any pecuniary interest in the bidder and to confirm that all information presented in its bid are true and correct in all particulars;
- That no director has been convicted in any county for any criminal offence relating to fraud impropriety or criminal misrepresentation of falsification of facts relating to any matter.
- That the company is not in receivership, the subject of any form or bankruptcy proceedings of the subject of any form of winding up petition or proceeding
i) Company’s Audited Accounts for the last three years ( 2021, 2022 & 2023);
j) Reference letter from a reputable commercial bank indicating willingness to provide credit facility for the execution of the project when needed;
k) Company’s profile with the curriculum Vitae of key staff to be deployed for the project, including copies of their academic/professional qualifications such as NITDA, CPN, COREN etc;
l) Verifiable documentary evidence of at least three (3) similar jobs executed in the last five (5) years including letters of awards, valuation certificates, job completion certificates and photographs of the projects;
m) Evidence of firms current registration with relevant regulatory professional body(ies) such as ICAN, ANAN etc;
n) For Joint Venture/Partnership, Memorandum of Understanding (MoU) should be provided (CAC, Tax Clearance Certificates, Pension Clearance Certificate, ITF Compliance Certificate, NSITF Clearance Certificate, IRR & Sworn affidavit are compulsory for each JV Partner);
Note: All documents for submission must be submitted with a Covering/Forwarding letter under the Company’s letter head paper bearing amongst others, the Registration Number (RC) as issued by the CAC, Contact Address, Telephone Number (preferably GSM No) fax and email address. The letter head paper must bear the Names and Nationalities of the Directors of the company at the bottom of the page, duly signed by the authorized officer of the firm.
Note: Technical Bid should have a table of content and be paginated
4. SUBMISSION OF EOI DOCUMENTS
Interested firms are to submit two (2) bound of expression of interest (EOI) documents separated by dividers and arranged as indicated above. The documents should be submitted in a sealed envelope and addressed to:
The Managing Director,
Procurement & Management Services
Department
Nigeria Deposit Insurance Corporation (NDIC)
Plot 447/448 Constitution Avenue,
Central Business District,
Abuja, Nigeria
And clearly marked with the name of the project and the lot number. Furthermore, the reverse of each sealed envelope should bear the name and address of the bidder and drop in the designated tender box on the ground floor, reception area at the Head office building not later 11:00am Monday 8th July, 2024.
5. OPENING OF TECHNICAL BIDS
Only the technical bids will be opened immediately after the deadline for submission on Monday, 8th July, 2024, at the Ground Floor, Visitors waiting room, NDIC Head Office Building in the presence of the bidders or their representatives, while the financial bids will be kept un-opened. Please, ensure that you sign the Bid Submission register on the 2nd Ground floor, with the Procurement and Management Services Department, as NDIC will not be held liable for misplaced or wrongly submitted bids. Further requisite information required can be obtained from the NDIC website or e-mail address: info@ndic.gov.ng
6. ADDITIONAL INFORMATION
i. EOIs must be in English Language and signed by an official authorized by the bidders
ii. EOIs submitted after the deadline for submission would be returned un-opened;
iii. All cost will be borne by the bidder.
iv. The EOIs will be opened in the presence of bidders or their representatives, CSOs in the areas of Anti-Corruption and Transparency and private professional bodies; and will be covered by video recording; invitation link will be sent to bidder who chooses to join the bid opening online;
v. Only shortlisted applicants at EOI’s evaluation will be invited at a later date for collection of Request for proposals
vi. The Nigeria Deposit Insurance Corporation is not bound to prequalify and bidder reserves the right to annul the procurement process at any time without incurring any liabilities in accordance with section 28 of the Public Procurement ACT 2007.
SIGNED:
MANAGEMENT
