Tender Timeline
Tender Title: Custom Bid for Services - Hiring of firm for Tax consultancy and Accounting Services
Reference Number: GEM/2025/B/6116206
Issuing Authority/Department: Department of Economic Affairs, Ministry of Finance
The Department of Economic Affairs is announcing a custom bid for the hiring of a firm for tax consultancy and accounting services. The aim of this tender is to procure professional services that ensure proper tax compliance and accounting advisement for the ministry. The selected firm will work closely with the department to enhance financial management, optimize tax strategies, and ensure adherence to regulatory requirements.
Scope of Work and Objectives
The scope of work includes, but is not limited to:
- Providing tax consultancy services, including guidance on tax deductions, credits, and incentives.
- Conducting thorough audits of financial statements to ensure compliance with accounting standards.
- Preparing tax returns and ensuring timely submission to relevant authorities.
- Offering strategic advice on optimizing financial performance and tax liabilities.
- Keeping abreast of changes in laws and regulations affecting tax matters.
The objective of this tender is to engage a qualified firm that can deliver professional and reliable tax consultancy and accounting solutions, ultimately contributing to the effective management of financial operations within the ministry.
Eligibility Criteria
To qualify for this tender, bidders must meet the following eligibility requirements:
- The firm must be a registered entity in accordance with the laws of the country.
- Proven experience in providing similar consultancy and accounting services.
- Availability of qualified professionals with relevant certifications in finance or accounting.
Technical Requirements
Bidders are required to showcase their technical capabilities and should include:
- A detailed portfolio of past projects similar to the requirements outlined.
- Profiles of team members who will be directly involved in the project, highlighting their qualifications and experience.
- Commitment to maintaining confidentiality and compliance with all relevant regulations.
Financial Requirements
Bidders must submit comprehensive financial documentation, including:
- Proof of financial stability.
- Detailed fee structure specifying costs for consultancy and accounting services.
- Any applicable taxes or fees that would be added to the base cost.
Document Submission Details
Bids must be submitted electronically through the specified platform prior to the deadline. Required documents include:
- Completed bid forms.
- Relevant certifications and proof of eligibility.
- Company profile and financial documentation.
Special Provisions
Provisions are in place for Micro, Small, and Medium Enterprises (MSEs) under this tender, enhancing opportunities for participation by smaller firms. Startup firms are also encouraged to apply, ensuring a diverse range of bidders.
Evaluation Process
The evaluation of tender submissions will be based on:
- Compliance with eligibility criteria.
- Technical capability and past experience.
- Cost-effectiveness of the proposal.
- Overall value that the bidder can add in terms of advisory and consulting effectiveness.
Delivery Locations
The delivery of services shall be mandated within the operational jurisdiction of the Department of Economic Affairs. Specific locations will be outlined in the official bid documents.
Contact Information
For inquiries related to this tender, interested parties are encouraged to reach out via the official email and contact number provided within the bid documentation.
This tender presents a significant opportunity for firms specializing in tax consultancy and accounting services to engage with a key governmental department. Bidders should prepare comprehensive proposals that not only meet the technical and financial requirements but also demonstrate their unique value proposition in this highly competitive environment.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
9 DocumentsDocuments Required from Seller
- Experience Criteria
- Certificate (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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Frequently Asked Questions
The eligibility requirements include being a registered entity under the applicable regulations and demonstrating relevant experience in tax consultancy and accounting services. Additionally, the firm must have qualified professionals capable of fulfilling the objectives set in the tender. Compliance with these criteria is essential for a successful bid.
Bidders must showcase their technical specifications, which include a detailed portfolio of prior consultancy projects, capabilities in tax regulation compliance, and a strong understanding of accounting standards. Moreover, profiles of the professional team, highlighting their expertise and qualifications, must be submitted to ensure they meet the department’s expectations.
Documentation must be submitted electronically via the designated platform as specified in the tender announcement. Bidders should ensure that all required documents, including bid forms and financial evidence, are adequately prepared and submitted on time to comply with the submission guidelines.
Yes, the tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) by providing special provisions to support their involvement. These benefits may include relaxed eligibility criteria or additional evaluation considerations that favor smaller firms, encouraging a diverse bidder landscape.
Upon awarding the contract, detailed payment terms will be negotiated as per the agreement between the department and the selected firm. Generally, the terms will outline milestones for payment related to the completion of services rendered, adherence to timelines, and satisfactory delivery in line with contract specifications.
This comprehensive overview ensures that potential bidders are well-informed about the tender process and its requirements, facilitating a smooth bidding experience.
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