| Ministry/Division |
: |
Ministry of Finance |
| Agency |
: |
Bangladesh Securities and Exchange Commission (BSEC) |
| Procuring Entity Name |
: |
Bangladesh Securities and Exchange Commission |
| Procuring Entity Code |
: |
|
| Procuring Entity District |
: |
Dhaka |
| Expression of Interest for Selection of |
: |
Consulting Firm (National) (Lump-Sump) |
| Title Of Service |
: |
Expression of Interest for Selection of analyzing overall operation of ICB, list of tasks ICB has accomplished so far according to the mandate, role of ICB in the field of current securities market of Bangladesh, condition of ICB’s financial and non-financial resources, ICB’s governance, organizational and legal structure, manpower capacity and finally analyzing applicability of similar type of organization in other parts of the world. |
| EOI Ref. No. |
: |
BSEC/Admin/20:17/2020-462 |
| Date |
: |
25/08/2020 |
KEY INFORMATION
|
| Procurement Sub-Method |
: |
Quality and Cost Based Selection(QCBS) |
FUNDING INFORMATION
|
| Budget and Source of Funds |
: |
Own Funds Own Funds |
| Development Partners |
: |
NA |
PARTICULAR INFORMATION
|
| Project/Programme Name |
: |
NA |
| EOI Closing Date and Time |
: |
15/09/2020 12:00PM
|
| Publication Date |
: |
26/08/2020
|
INFORMATION FOR APPLICANT
|
| Brief Description of Assignment |
: |
The spirit of formation of Investment Corporation of Bangladesh (ICB) was to assist capital market of Bangladesh. For the last several years (especially in FY 2018-2019 and 2019-2020) ICB has been facing continued losses and thereby losing equity. The situation has been worsened by failure to collect debt from manufacturing industries and non-banking financial organizations which are not directly related to stock market. In many cases where ICB has financed in stock eventually became ‘Director’ of the company and while holding this position ICB could not sell their portion of stocks (when portfolio was in profitable stage) due to locking status
of the stocks. This has significantly reduced ICB portfolio value. Even though government subsidy package has been given several times to capitalize ICB, yet the situation has not been improved. At this moment government needs to assess whether subsidizing ICB will be appropriate or not. The need assessment can be found by analyzing overall operation of ICB, list of tasks ICB has accomplished so far according to the mandate, role of ICB in the field of current securities market of Bangladesh, condition of ICB’s financial and non-financial resources, ICB’s governance, organizational and legal structure, manpower capacity and finally by analyzing applicability of similar type of organization in other parts of the world. |
| Experience, Resources and Delivery Capacity Required |
: |
1. The Consulting Firm shall be a company or partnership firm;
2. It has at least 15 years’ experience in business or financial consultancy in connection with capital market related activities;
3. The Firm itself or to whom it affiliates should have working experience with any company included either under MSCI Developed Markets Index or S&P 500 Index or Dow Jones Industrial Average or FTSE 100 Index;
4. The Firm shall deploy at least 3 Consultants having mutually exclusive professional experience in any of the following areas:
i. Corporate Governance & Restructuring;
ii. Management Control;
iii. Portfolio Management and Investment analysis.
5. The Consultants who shall provide the consultancy services should have professional qualifications as CFA, FCA, FCMA, Fellow ACCA or CIMA;
6. The Firm shall appoint required number of Associates to the Consultants and required manpower to perform the job smoothly. |
| Other Details (if applicable) |
: |
a. Short listing will be made in accordance with the “Rule-115 of Public Procurement Rule (PPR)-2008”
b. EOI should be include the following information:
1) Consulting firm profile supported by necessary documents
2) Related experiences of the firm in accordance with the requirements mentioned in Serial No 18;
3) Agreement of joint venture, or association/consortium, if applicable;
4) Work plan and methodology conducting the proposed assignment.
c. EOI as well as forms/supporting documents attached shall be written in English. All copy of original documents should be duly attested by competent authority.
d. EOI notice are posted on BSEC website www.sec.gov.bd and cptu website: www.cptu.gov.bd and hard copy of the same are available from the office in the address given hereunder.
Office of the BSEC Administration, Securities Commission Bhaban, E-6/C Agragaon Administrative Area, Dhaka-1207; Telephone: +88 02 55007106; Email: jalal@sec.gov.bd
e. Two (2) signed copies of EOI along with 1 (one) original shall be submitted in a sealed envelope mentioning “Selection of consulting firm (National) to analyze overall operation of ICB, list of tasks ICB has accomplished so far according to the mandate, role of ICB in the field of current securities market of Bangladesh, condition of ICB’s financial and non-financial resources, ICB’s governance, organizational and legal structure, manpower capacity and finally to analyze applicability of similar type of organization in other parts of the world” on top of sealed envelope and shall be submitted to the following address by 12:00 hours BST, Date: 15/09/2020.
Address: Office of the BSEC Administration, Securities Commission Bhaban, E-6/C Agragaon Administrative Area, Dhaka-1207
f. EOI submitted by firms will be screened, and firms will be shortlisted. Only short-listed firms will be invited to submit proposals.
Interested applicants may obtain further information from the Office of the BSEC Administration, Securities Commission Bhaban, E-6/C Agragaon Administrative Area, Dhaka-1207, during the office hours (9:00 to 17:00 hours BST)
g. BSEC reserves the right to accept / reject one or all EOIs or stop the process of approval at any stage, at its sole discretion without assigning any reasons and shall bear no liability whatsoever consequent upon such a decision. |
| Association with foreign firms is |
: |
Encouraged |
| Eoi Detail Information |
|---|
| Ref No |
Phasing Of Services |
Location |
Start Date |
Completion Date |
| BSEC/Admin/20:17/2020-462 |
NA |
Dhaka |
01-Oct-2020 |
15-Nov-2020 |
|
PROCURING ENTITY DETAILS
|
| Name of Official Inviting EOI |
: |
Jalal Uddin Ahmed |
| Designation of Official Inviting EOI |
: |
Assistant Director |
| Address of Official Inviting EOI |
: |
Securities Commission Bhaban, E-6/C Agargaon Administrative Area, Dhaka-1207 |
| Contact details of Official Inviting EOI |
: |
Phone : +88 02 550071, Fax : , Email : jalal@sec.gov.bd |
| The procuring entity reserves the right to accept or reject all tenders |
