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Publication Of Award Of Contract For Consulting Services For Projects Financed By The African Development Bank


Date : 13 May 2020 - 01 May 2021
Institution : ECOWAS Commission
Contact :

PUBLICATION OF AWARD OF CONTRACT FOR CONSULTING SERVICES FOR PROJECTS FINANCED BY THE AFRICAN DEVELOPMENT BANK

 

INFORMATION NOTICE

 

Publication date: 13th Mai, 2020

Country: ECOWAS Commission, Benin, Cote d’Ivoire, Ghana, Nigeria & Togo

Executing Agency: ECOWAS COMMISSION

Name of Project/Study: Study on the Abidjan – Lagos Corridor Highway Development Project

Loan/Grant Number: 2100155033769 (ADF)

Name of Request for Proposals (RFP Selection of a Consultancy Firm to Provide Financial Audit for Fiscal Years 2019, 2020 & 2021 for the Implementation of the Abidjan Lagos Corridor Highway Development Project

Selection Method: Least Cost Selection (LCS)

 

Date of publication of EOI: Not Applicable

Date of publication of RFP: 18th October 2019

Technical Proposals opening date: 20th November 2019

Financial Proposals opening date: 12th March 2020

Date of approval by the Bank of the draft negotiated Contract: 08 May 2020

 

 

Name of Selected Consultant: SOLA OYETAYO & CO

Nationality: Nigeria

Address: 33, Ogunlowo Street, Off Obafemi Awolowo, Way, Ikeja, Po Box 70159, Victoria Island, Lagos, Nigeria

Technical Score: 88.22

Combined Score: Not Applicable

Contract Award Price: US$9 692.81

Contract Start date: Two (2) Weeks after contract signature by both parties (the last signature being valid date)

Contract Duration: The time period shall be Thirty-six (36) Calendar months or ending July 2022 whichever comes first  

 

Summary of Scope of Contract Awarded:

 

The audits are to:

  1. reasonably assure the Bank whether the financial statements are free from material misstatement, whether due to fraud or error. The Auditor is to express an opinion on whether the financial statements are prepared in all material respects, in accordance with the applicable financial reporting framework;
  2. reasonably assure the Bank that project books of accounts provide the basis for preparation of the Project Financial Statements (PFSs) by the Project/Program Implementing Unit (PIU) and that they reflect the financial transactions in respect of the project and that the PIU maintained adequate internal controls and supporting documentation for transactions.
  3. express an independent professional opinion on the financial position of the Project, to assure that the Project funds have been used for their intended purposes and in accordance with the provisions of the Loan/Grant Agreement(s);
  4. d) reasonably assure about the achievement of project/program objectives by matching project/programs physical/technical outputs and achievements to funds disbursed and the timing of the flows; and
  5. report on the financial statements and communicate as required by auditing standards in accordance with the auditor’s findings.

Total Number of Proposals Received: Four (4) Proposals were received

 

For each Consultant:

 

Consultant 2

Name: BBC PROFESSIONALS

Nationality: Nigeria

Address: Charter House, 7, MCNell Road Sabo Yaba, G P O, BOX 3260 Marina Lagos, Nigeria

Technical Points: 84.32

Read out Financial Proposal: US$40,367.52

Combined Points: Not Applicable

Ranking: 2nd

 

Consultant 3

Name: BDO PROFESSIONAL SERVICES

Nationality: Nigeria

Address: ADOL House, 15 CIPM Avenue, Central Business District, Alausa, Ikeja, Lagos, Nigeria

Technical Points: 84.02

Read out Financial Proposal: US$61,256

Combined Points: Not Applicable

Ranking: 3rd  

 

Consultant 4

Name: ERNST & YOUNG

Nationality: Nigeria

Address: 7th Floor, Labour House, Central Business District, Abuja, Nigeria

Technical Points: 76.40

Read out Financial Proposal: US$173,831.00

Combined Points: Not Applicable

Ranking: 4th    

 

N.B.: Any consultant who wishes to ascertain the grounds on which its proposal was not selected, should request an explanation from the Executing Agency. In any event, the Bank reserves the right to review any complaint of a bidder at any time following the award.

 

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