Department of Legal Affairs Tenders (GEM/2025/B/6144132)
Financial Advisory Services - Onsite; Actuary Service
Tender Timeline
Tender Title: Financial Advisory Services - Onsite; Actuary Service
Reference Number: GEM/2025/B/6144132
Issuing Authority:
The Department of Legal Affairs, under the Ministry of Law and Justice, is tasked with issuing this tender for comprehensive financial advisory and actuarial services.
Scope of Work and Objectives:
The objective of this tender is to engage qualified service providers to deliver financial advisory services and comprehensive actuary services. These services are designed to aid the government in its economic assessments, policy formulations, and the evaluation of financial risks. The service provider will be responsible for delivering onsite consultations, which will substantially increase the efficacy of financial planning and risk management.
Eligibility Criteria:
To qualify for participation, bidders must be registered entities with demonstrable experience in providing financial advisory and actuarial services. Additional requirements include:
- Relevant certifications and licenses as mandated by financial regulatory authorities.
- Proven track record of successful project execution in a government or large-scale corporate environment.
- Commitment to quality standards and compliance with industry norms.
Technical Requirements:
Bidders must possess the following technical capabilities:
- Expertise in financial modeling and actuarial science.
- Proficient use of analytical tools and software relevant to financial and actuarial tasks.
- Ability to present previously completed projects that highlight the bidder's technical proficiency in the required fields.
Financial Requirements:
Bidders are required to submit:
- A detailed budget proposal that itemizes costs associated with the services to be provided.
- Comprehensive financial statements from the previous financial year.
Document Submission Details:
All submissions must be provided electronically. Bidders will be required to submit their proposals, including technical and financial documents, via the designated online platform by the specified deadline.
Special Provisions:
This tender encourages applications from Micro, Small, and Medium Enterprises (MSEs) and startups. Additional support and considerations will be offered to these businesses to promote inclusivity and growth in the financial advisory sector.
Evaluation Process:
The selection of service providers will be based on a thorough evaluation process that considers:
- Technical capabilities and past project performance.
- Financial proposal assessment.
- Adherence to eligibility and documentation requirements.
Delivery Locations:
The services will be required to be delivered at various government sites, which will be communicated during the tender process.
Contact Information:
For inquiries regarding this tender, interested parties can contact the Department of Legal Affairs directly. Specific contact details will be provided during the tender lifecycle for communication purposes.
This tender presents a significant opportunity for qualified firms to contribute to governmental operations by providing invaluable financial insights and support.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
5 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- Additional Doc 1 (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 with established experience in financial advisory and actuarial services. Bidders must possess relevant certifications mandated by financial regulatory bodies and demonstrate a proven track record of successfully completing projects within the public or corporate sectors.
Bidders must submit certificates that validate their qualifications in financial advisory and actuarial services. Essential documentation typically includes professional accreditation, compliance notices, and financial regulatory licenses. These certifications are crucial for demonstrating technical competence and legal compliance in service delivery.
The registration process involves an online submission of initial documentation via the designated tendering platform. Bidders must create an account, submit their proposals, and include all required documentation to ensure valid participation. Detailed instructions regarding the registration process will be provided during the tender lifecycle.
Service providers must meet established quality standards which include benchmarks for accuracy in financial modeling and risk assessment. Compliance with industry norms and demonstrated ability to deliver effective solutions are key criteria assessed during the evaluation process.
Payment terms are typically outlined in the tender documents and require specific milestones for disbursemation. Bidders are also expected to provide performance security, ensuring that the required services are executed satisfactorily and deadlines are met. Security deposits/guarantees will further protect against any non-compliance or subpar performance.
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