Bangladesh House Building Finance Corporation

Rural and Peri-Urban Housing Finance Project-Second Phase

Foreign Financing and Project Unit, Head Office, Dhaka

Website: www.bhbfc.gov.bd

 

REQUEST FOR EXPRESSIONS OF INTEREST

 

 

(CONSULTANCY SERVICE- PROJECT FINANCIAL AUDITING SERVICE)

 

 

 

Country                             : The People’s Republic of Bangladesh

Project                               : Rural and Peri-Urban Housing Finance Project-Second Phase

Sector                                : Peri-Urban and Rural Environment and Infrastructure

Consulting Service            : Project Financial Auditing Services (Package S-03)

Mode of Financing            : Installment Sale Financing and OCR Loan

Financing No                    : BGD-1087

 

1. The Government of the People’s Republic of Bangladesh has applied for financing from the Islamic Development Bank toward the cost of the Rural and Peri-Urban Housing Finance Project-Second Phase, and intends to apply part of the proceeds for consultant services.

 

 

2. The services include carrying out audit of the project in accordance with the International Standards on Auditing (ISA) issued by the International Federation of Accountants (IFAC), having regard to relevant financing agreements and IsDB’s particular reporting and procurement requirements. The audit covers the financial transactions of the project period from 01.07.2024 to 30.06.2029. The assignment is expected to be commenced in September, 2024. The estimated 20 person-months are expected to be required for this assignment.

 

               The detailed Terms of Reference (TOR) for the assignment can be found at the following website: www.bhbfc.gov.bd

 

3. The Bangladesh House Building Finance Corporation (BHBFC) as Executing Agency now invites eligible consulting firms (“Consultants”) to indicate their interest in providing the services. Interested Consultants must provide specific information which demonstrates that they are fully qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.).

 

4. The short listing criteria are as below:

1. The Consulting Firm should be eligible as per eligibility requirements contained in the IsDB’s Guideline for the Procurement of Consultancy Services under IsDB Project Financing, April-2019 version, revised in February-2023;
2.  Must have a good reputation as a professional body and knowledge on financial management and audit requirements of IsDB and/or Multilateral Development Banks (MDBs) specifically preparation of audit report with at least one project funded by MDBs or any international organizations;
3. Must have at least 3 years specific experience on auditing in bank and financial institutions within last 10 years;
4. Must have technical and managerial capability of the firm and staff, number of full time professional staffs required as per ToR. However, Key Experts will not be evaluated at the short-listing stage.

5. The attention of interested Consultants is drawn to 1.12.1, and 1.12.2 paragraphs, Part 1, Chapter 1 (pages 15-16) of the IsDB’s Guidelines for Procurement of Consultancy Services under Islamic Development Bank Project Financing, April 2019 version, revised in February 2023 (the “Procurement Guidelines”), setting forth IsDB’s policy on conflict of interest.

 

6. Consultants may associate with other firms to enhance their qualifications, but should indicate clearly whether the association is in the form of a joint venture and/or a 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.

 

 

7. An auditing consultancy firm will be selected from a short list of local/domestic companies based on the Least-Cost selection method set out in the Procurement Guidelines.

 

8. Interested consultants may obtain further information at the address below during office hours 10:00 AM to 05:00 PM.

 

9. Expressions of interest (EOIs) must be delivered in a written form to the address below (in person, or by mail) by no later than 02:00 PM on 18 July, 2024. Both the hard copy as well as electronic version of EOIs will be acceptable.

 

 

 

(Mohammed Nazrul Islam)

Project Director

Rural and Peri-Urban Housing Finance Project-Second Phase

Bangladesh House Building Finance Corporation

22 Purana Paltan (7th floor), Tel: +88-02-47120610

Website: www.bhbfc.gov.bd, E-mail: bhbfc.project.pmu@gmail.com