Financial Crime World

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Request for Proposal (RFP) - Enterprise Wide Risk Assessment on Financial Crimes

The Bank of Maldives PLC has issued a Request for Proposal (RFP) for an Enterprise Wide Risk Assessment on Financial Crimes. The RFP outlines the scope of work, evaluation criteria, and requirements for bidding.

Key Sections

Form 1 - Schedule of Requirement

This section outlines the requirements for the Enterprise Wide Risk Assessment on Financial Crimes, including the deliverables and timeline.

  • Deliverables
  • Timeline

Form 1 A - List of Goods and Related Services

This section lists the specific goods and services required for the project, including any quantities or units.

Form 1 B - Delivery and Completion Schedule

This section outlines the expected delivery dates and completion schedule for the project.

Form 1 C - Specifications

This section refers to the Request for Proposal attached with the Announcement, which is not included in this extract.

Form 2 - Bidding Forms

This section includes three forms:

  • Form 2A: Bidder’s Declaration and Offer
    • Detailed quotation/proposal
    • Breakdown of price (if applicable)
    • Price inclusive of all taxes applicable
    • Local vendors should quote price in MVR
    • Delivery duration in calendar days (if not fixed in the request)
    • Payment Terms
    • Quotation validity period
  • Form 2B: Price Schedule of Service

Evaluation Criteria

The RFP outlines the evaluation criteria for bids, including:

  • Technical competence
  • Financial proposal
  • Experience

Proposal Requirements

The bidder must submit a detailed quotation/proposal that includes:

  1. Detail specification of the quoted product
  2. Breakdown of the price (if applicable)
  3. Price inclusive of all taxes applicable
  4. Local vendors should quote price in MVR
  5. Delivery duration in calendar days (if not fixed in the request)
  6. Payment Terms
  7. Quotation validity period

The proposal must also include a signed declaration and offer, as outlined in Form 2A.

Restrictions on Bidding

  1. No advance payment.
  2. Fine for late delivery/completion will be charged per day.
  3. Proposal with multiple options (other than specified above) WILL NOT be accepted.
  4. If a bid is awarded on the basis of false information provided, the Bank has the right to disqualify the bidder.

Conclusion

Overall, this RFP requires bidders to submit a comprehensive proposal that outlines their technical and financial capabilities, as well as their experience in conducting Enterprise Wide Risk Assessments.