 |
Web Hosting by Netfirms | Free Domain Names by Netfirms |
|
|
|
SERVICE PROCUREMENT NOTICE FISC FINANCIAL
Component 3: Support to the Egyptian Capital Market Authority (With a focus on Corporate Governance)
Cairo, EGYPT
1. Publication reference
EuropeAid/120470/C/SV/EG
2. Procedure
Restricted
3. Programme
MEDA
4. Financing
Budget line: BGUE-B2004-19.080201-C1-AIDCO
5. Contracting Authority
European Commission, represented by the EC Delegation in Egypt, on behalf of the Arab Republic of Egypt.
CONTRACT SPECIFICATION
6. Nature of contract
Fee-based
7. Contract description
This contract will provide the following services to the Egyptian Capital Market Authority (CMA) and/or the Egyptian Director’s Centre:
(i) Support to the CMA (including the CMA Corporate Governance Unit) and the Egyptian Director’s Center as regards capacity building, training, procedures, international accreditation and the provision of legal advice;
(ii) Short-term technical assistance and training in specialised areas related to the modernisation of Capital Market activities (e.g. securitisation, margin trading);
(iii) Support for initiatives to promote Egyptian capital markets and the publicly-quoted corporate sector as an attractive destination for international investment;
(iv) Targeted training activities and seminars to raise awareness of Corporate Governance principles and best practice in Egypt, and to address the specific needs in this area of Egyptian banks and financial institutions.
8. Numbers and titles of lots
One Lot: FISC FINANCIAL Component 3- Support to the Egyptian Capital Market Authority (With a focus on Corporate Governance)
9. Maximum budget
Euro 2.950.000 (Two million, nine hundred and fifty thousand Euros)
10. Scope for additional services
Not applicable
CONDITIONS OF PARTICIPATION
11. Eligibility
Participation is open on equal terms to all natural and legal persons of the EU Member States and of the MEDA Partner countries (Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Palestinian Territories, Syria, Tunisia, Turkey).
12. Candidature
All eligible natural and legal persons (as per item 11 above) or groupings of such persons (consortia) may apply.
A consortium may be a permanent, legally-established grouping or a grouping which has been constituted informally for a specific tender procedure. All members of a consortium (i.e., the leader and all other partners) are jointly and severally liable to the Contracting Authority.
The participation of an ineligible natural or legal person (as per item 11) will result in the automatic exclusion of that person. In particular, if that ineligible person belongs to a consortium, the whole consortium will be excluded.
13. Number of applications
No more than one application can be submitted by a natural or legal person (including legal persons within the same legal group), whatever the form of participation (as an individual legal entity or as leader or partner of a consortium submitting an application). In the event that a natural or legal person (including legal persons within the same legal group) submits more than one application, all applications in which that person (and legal persons within the same legal group) has participated will be excluded.
14. Shortlist alliances prohibited
Any tenders received from tenderers comprising firms other than those mentioned in the short-listed application forms will be excluded from this restricted tender procedure. Short-listed candidates may not form alliances or subcontract to each other for the contract in question.
15. Grounds for exclusion
As part of the application form, candidates must submit a statement to the effect that they are not in any of the exclusion situations listed in Section 2.3.3 of the Practical Guide to contract procedures financed from the General Budget of the European Communities in the context of external actions (available from following Internet address: http://europa.eu.int/comm/europeaid/index_en.htm).
16. Sub-contracting
Subcontracting is not allowed.
17. Number of candidates to be short-listed
On the basis of the applications received, at least 4 and at most 8 candidates will be invited to submit detailed tenders for this contract.
PROVISIONAL TIMETABLE
18. Provisional date of invitation to tender
February 2005
19. Provisional commencement date of the contract
May 2005
20. Initial period of execution and possible extension of the contract
The period of execution of the contract will be a maximum of 36 months. An extension of this contract is not foreseen.
SELECTION AND AWARD CRITERIA
The following selection criteria will be applied to candidates. In the case of applications submitted by a consortium, these selection criteria will be applied to the consortium as a whole:
21. Selection criteria
1) Economic and financial standing of the candidate/consortium
i.The average annual turnover of the
candidate/consortium must exceed 5 times the annualised maximum budget of the
contract (ie, the maximum budget stated in this Procurement Notice divided by
the contract duration of 3 years).
2) Professional capacity of
candidate/consortium
i The candidate/consortium has
expertise in the regulation and operation of national capital markets and stock
exchanges,as evidenced by recent advisory/consultancy/operational contracts;
ii.The candidate/consortium has recent, demonstrable experience of
delivering training and technical assistance in the field of Corporate
Governance to a wide range of beneficiaries in developing, transitional and/or
OECD countries.
iii.A minimum of 10% of the staff working for candidate are long
term/permanent.
3) Technical capacity of candidate
i.The
contracting company/consortium has successfully worked on at least two similar
projects – capacity building within national capital markets, capital markets
Regulators and/or Company Director Institutes - with a budget of at least Euro
500.000 (or equivalent) each, over the past 3 years.
If more than 8 eligible candidates meet the above selection criteria, the
relative strengths and weaknesses of the applications of these candidates must
be re-examined to identify the eight best applications for the tender
procedure. The only factors which will be taken into consideration during this
re-examination are:
(i)Recent
project experience of directly working with Capital Market regulatory
authorities in Arabic-speaking countries in order to develop institutional
capacity.
22.
Award criteria
As specified in the tender dossier annexed to the letter of invitation to tender which will be sent to short-listed candidates.
APPLICATION
23. Deadline for receipt of applications
14h00 Cairo time on Monday 21 February 2005.
Any application received after this deadline will not be considered.
24. Application format and details to be provided
Applications must be submitted using the standard application form (available from the following Internet address: http://europa.eu.int/comm/europeaid/index_en.htm), whose format and instructions must be strictly observed.
Any application which does not observe these provisions will be automatically eliminated. Any additional documentation (brochure, letter, etc) sent with an application will not be taken into consideration.
25. How applications may be submitted
Applications must be submitted in English exclusively to the Contracting Authority:
· EITHER by recorded delivery (official postal service) to :
Delegation of the European Commission in Egypt
Finance and Contract Section
37, Gamaet El Dowal El Arabeya St., El Fouad Office Building, 11th Floor,
Mohandessin, Giza, Egypt.
· OR hand delivered (including courier services) directly to the Contracting Authority in return for a signed and dated receipt to:
Delegation of the European Commission in Egypt,
Finance and Contract Section
37, Gamaet El Dowal El Arabeya St., El Fouad Office Building, 11th Floor,
Mohandessin, Giza, Egypt.
Contract title and the Publication reference (see item 1 above) must be clearly marked on the envelope containing the application and must always be mentioned in all subsequent correspondence with the Contracting Authority.
Applications submitted by any other means will not be considered.
26. Operational language
All written communications for this tender procedure and contract must be in English.
27. Additional information – Suspensive Clause
This Service Procurement Notice is published subject to finalisation of Egyptian administrative procedures, allowing the signed Financing Agreement to enter into force.
28. Date of publication of contract forecast
19 October 2004
28. Legal basis
Meda Regulation - Council Regulation No (EC) 2698/2000 which modifies Council Regulation No (EC) 1488/1996
