Invitation for Bids (IFB) at Central Bank of Nigeria
Central Bank of Nigeria
Invitation for Bids (IFB)
For The Supply and Deployment of a Best of Breed Governance, Risk and Compliance (GRC) System for the Central Bank Of Nigeria
1.0 Introduction
The Central Bank of Nigeria (“The Bank”) is a body corporate charged with the formulation of monetary policy, promotion of price stability, issuance of currency and other functions conferred on it by the Central Bank of Nigeria Act, 2007 and the Banks and Other Financial Institutions Act (BOFIA). Given the critical nature of the Bank’s role in the continued success and growth of the Nigerian economy, the Bank adopts a very proactive approach to risk management in order to ensure that no risk event(s) will impede its ability to fulfill its mandate.
In line with the above, the Bank intends to procure and deploy a best of breed Governance, Risk and Compliance (GRC) solution to further promote effective risk management across the Bank.
2.0 Goals and Objectives
This solution should enhance:
- The integration of the Bank’s governance, risk, compliance and control frameworks, policies, standards and activities to ensure that they operate in synergy and are in line with the Bank’s mandate and risk appetite.
- The recognition, understanding and prioritization of risks throughout the Bank
- Policy attestation, distribution and access by providing a policy repository
- Policy and controls mapping
- The provision of timely and fit for purpose risk reports to allow for effective risk monitoring and mitigation and thereby enhancing performance.
- The aggregation of risk events
- The automation and monitoring key risk indicators
- The implementation of a risk register
- The quantification of risk using appropriate risk models, such as Value at Risk, Earnings at Risk, Expected Loss etc.
- Risk analytics and reporting including scenario analyses, forecasting and the stress testing of risk parameters.
- The collation and maintenance of risk data to populate relevant risk reports and risk dashboards for various key risk categories including Operational Risk, Market Risk, Credit Risk etc.
3.0 Invitation of Companies
The Bank invites eligible companies with a proven track record of deploying Governance, Risk and Compliance (GRC) solutions in similar organisations and who meet the following requirements to express their interest in the aforementioned:
General Requirements/ Limiting Factors’
The interested Vendors are expected to meet all the under listed general requirements in Compliance with the Public Procurement Act 2007:-
a) Evidence of Registration with the Corporate Affairs Commission
b) Certified True Copy of Memorandum and Articles of Association.
c) Evidence of payment of Tax for the last three (3) years as and when due
d) Comprehensive company profile including registered Office address, email address, Phone numbers, facsimile number(s).
e) CV. of Key Personnel Supported by Licenses, Certificates, Years of Experience etc.
f) Verifiable reference list of clients for whom similar works were successfully carried out in the last three (3) years.
g) Customer testimonials
h) Reference letter from banker stating financial ability to carry-out such project. Audited statement of account for the last three years duly stamped by a licensed Auditor.
i) Certificate of Compliance issued by the National Pension Commission as evidence of fulfilling employers’ obligation to employees with respect to Pension
j) Evidence of payment of training contributions to Industrial Training Fund (ITF)
k) Evidence of registration with Financial Reporting Council of Nigeria(FRC).
l) Requirements (a, b, h, j , k & l) are applicable to only Nigerian registered companies. Interested foreign based service providers may provide what is applicable in their respective countries.
The requested information should be arranged in the order shown above.
4.0 Collection of Bid Documents
Interested vendors who possess the above minimum requirements may collect the bidding documents on the payment of a non-refundable fee of N50,000.00 (Bank Draft in favour of Central Bank of Nigeria) from:
The Secretary,
Major Contracts Tenders Committee
2nd Floor, Wing C
CBN Head Office Complex,
Central Business District,
Abuja, FCT Nigeria.
Fax NO: 09-462-38239
Submission
Applications to tender for the implementation of the GRC solution should be accompanied by the above listed documents and should be forwarded in wax sealed envelope boldly marked at the top left corner-“Implementation of Governance Risk & Compliance (GRC) Solution for the Central Bank of Nigeria” And addressed to:-
The Secretary,
Major Contracts Tenders Committee
2nd Floor, Wing C
CBN Head Office Complex,
Central Business District,
Abuja, FCT Nigeria.
Fax NO: 09-462-38239
E-mail: tenders@cenbank.org OR tenders@cbn.gov.ng
5.0 Closing Date
- All submissions must be received at the above address not later than 4:00pm on 20m January, 2014.
6.0 Opening Date
All submissions will be opened on 21st January 2014 at 11 am at 2nd Floor Wing D, Procurement and Support Services Department (PSSD), Central Bank of Nigeria, Abuja
7.0 Important Notices
A) Nothing in the advert shall be construed to be a commitment on the part of the CBN.
B) The successful company(s) will be notified formally, published and posted on the CBN website (www.cbn.gov.ng) and notice boards in CBN locations.
Signed:
Management
