Bank procurement rules stipulate that all consulting service opportunities have to be advertised so that interested consultants are able to submit an expression of interest. Selection procedures for consulting firms can be based solely on technical quality, technical quality with price consideration or on comparability of technical proposals and the basis of lowest price. The evaluation process used will be outlined in the tender documents. Where proposals are considered equivalent in quality and price, selection procedures state that Regional consultants or joint ventures are to be given priority. Bid evaluation is done by the Borrower, generally through its Executing Agency or consultants contracted for this purpose.
All bids go through a preliminary examination to determine if bidders are substantially responsive.
A detailed bid evaluation follows during which the bid price is subject to a series of adjustments. Short term contracts for individual consultants include project related activities such as general and sectoral identification, pre-investment studies, technical supervision, problem project review and supervision, appraisal, completion reports and post evaluation. The purpose of this Fund is to support the Bank's work in economic and social analysis and in the identification and preparation of Bank policies and projects. Resources of the CTCF are expected to be utilized over a period of 3-5 years for the engagement of Canadian consultants. Registration forms, and further information on this fund are available through the Commercial Sections of the Canadian High Commissions located in Barbados, Jamaica, Guyana and Trinidad or directly through the Caribbean Development Bank.