Financial Crime World

Formal Tender Document: Enterprise Wide Risk Assessment on Financial Crimes Services

Overview

The Bank of Maldives PLC (BML) has issued a formal tender document for the procurement of Enterprise Wide Risk Assessment on Financial Crimes services. This document outlines the terms and conditions of the bid, including evaluation criteria, delivery and completion schedule, specifications, and bidding forms.

Evaluation Criteria

The bid will be evaluated based on the following criteria:

1. Technical Expertise and Experience (15%)

  • Bidders must demonstrate their technical expertise and experience in providing Enterprise Wide Risk Assessment on Financial Crimes services.
  • A detailed explanation of their methodology and approach is required.

2. Bidders’ Reputation and Past Performance (10%)

  • The bidder’s reputation and past performance will be evaluated based on their track record of delivering similar projects.
  • Testimonials and references from previous clients are required.

3. Testimonials and References (10%)

  • The bidder must provide testimonials and references from previous clients who have engaged their services for Enterprise Wide Risk Assessment on Financial Crimes.
  • These testimonials should demonstrate the quality of service provided by the bidder.

Delivery and Completion Schedule

The bidder must provide a detailed delivery and completion schedule, including:

  • Date or period for delivery
  • Location
  • Required arrival date of goods or completion date for related services

Specifications

The bidder must provide a quotation/proposal with detailed specifications given in the information sheet. The following requirements must be met:

  • Breakdown of price (if applicable)
  • Price inclusive of all taxes applicable
  • Local vendors should quote price in MVR
  • Payment terms

Bidding Forms

The following bidding forms are required:

Form 2B: Bidder’s Declaration Form

  • The bidder must complete and sign this form to declare their interest in the bid.

Form 2C: Price Schedule of Service

  • The bidder must provide a detailed price schedule for the services they propose to deliver.

Important Notes

The following important notes are taken from the document:

  • The bid will be valid for a period of 30 days from the date of bid opening.
  • The Bank is not bound to accept the lowest or any bid they may receive.
  • If a bid is awarded on the basis of false information provided, the Bank has the right to disqualify the bidder.
  • In review of this bid, the Bank will be considering the past performance of the bidder in future bids of this nature.