EIB - Financial Audit Y2018 - 2019

Country: Egypt
Language: EN
Number: 4628532
Publication date: 03-10-2017
Source: TED


The Holding Company for Water and Wastewater (HCWW) (hereinafter referred to as “the Borrower”) has received a loan from European Development Partners (Agence Frangaise de Development (“AFD”), European Commission (“EC”), European Investment Bank (“EIB”) and Kreditanstalt fur Wiederaufbau (“KfW’)) towards the cost of the Improved Water and Wastewater Services Programme I (IWSP I). This International Invitation for Tenders relates to the contract for Financial Audit Services (Ref No. 2006 70 356).

This contract will include:

• Annual use-of-funds-audits: The objective is to permit the auditor/practitioner to express an opinion on the program financial reports and statement of expenditures as well as to assure that the proceeds of the IWSP have been utilized according to the contractual provisions, i.e. among others that the physical implementation corresponds to the funds used.

• Quarterly audits of statements of expenditure of the project: The auditor/practitioner will examine underlying documents and will express his conclusion on some predefined criteria.

This contract is expected to be implemented from 1 of January, 2018 to 31 December 2019, with the option to extend the contract for 2 times one year until 31 December 2021.

The criteria to be used in the tender evaluation are:

Qualification Criteria

— Proof of experience

• Experience in handling similar projects (compliance audit, water/waste-water)

• Experience with international donors

• Experience of working conditions in Egypt

— Suitability for this specific assignment

• Assessment of available expertise specific to this assignment for implementation of the activities

• Assessment of the bidders own staffing levels with respect to the services required

• Assessment of key personnel permanently available to monitor and support the “audit” team from the head office

• Are the application documents complete and specific to the assignment?

Technical Evaluation Criteria

— Concept and Methodology

• Clarity and completeness of the Technical Proposal

• Critical analysis of the “audit” objectives and the Terms of Reference

• Proposed concept and method, including the programme of work, the staffing schedule, quality control

— Qualification of Personnel Proposed

• Team Leader / Audit Manager

• Civil Engineer

• Other audit staff

• Backstopper

All firms (or associations of firms) meeting the following criteria are invited to participate in the tender.

• Authorized to carry out audits in the Arab Republic of Egypt

• With proven experience with audits of international projects in Egypt

• With a minimum annual turnover of EUR 5.0 m

Interested eligible Bidders must obtain further information from the Tender Agent (Mail: scalvi@web.de). A complete set of Bidding Documents may be obtained on the submission of an application to the above e-mail address.

All bids must be delivered in closed envelopes bearing the mention “IWSP - Financial Audit Services” not later than 12.00 a.m. on Friday 17 November 2017 at the following address: KfW Entwicklungsbank, Attn.: Ms. Iris Harder, LAC 4, Palmengartenstr. 5-9, 60325 Frankfurt, Germany. Bids will be opened immediately in the presence of Bidders’ representatives who choose to attend.