Edited by C. Fletcher (Aug 10kkk, 2011) – For submission to HOPs (July 28, 2011) SELECTION OF CONSULTANTS REQUEST FOR PROPOSALS RFP No.: CBUD/ FIN/ 35/State Country: Project Name: Capacity Building for Urban Development Consulting Services for Credit Rating of Selected Local Bodies of ….. (State) Issued on: Date
If stated in the Data Sheet, the Consultant shall include in its Proposal at least the same time input (in the same unit as indicated in the Data Sheet) of Key Experts, failing which the Financial Proposal will be adjusted for the purpose of comparison of proposals and decision for award in accordance with the procedure in the Data Sheet. For assignments under the Fixed-Budget selection method, the estimated Key Experts’ time input is not disclosed. Total available budget, with an indication whether it is inclusive or exclusive of taxes, is given in the Data Sheet, and the Financial Proposal shall not exceed this budget. Technical Proposal Format and Content The Technical Proposal shall not include any financial information. A Technical Proposal containing material financial information shall be declared non-responsive. 15.1.1 Consultant shall not propose alternative Key Experts. Only one CV shall be submitted for each Key Expert position. Failure to comply with this requirement will make the Proposal non-responsive. Depending on the nature of the assignment, the Consultant is required to submit a Full Technical Proposal (FTP), or a Simplified Technical Proposal (STP) as indicated in the Data Sheet and using the Standard Forms provided in Section 3 of the RFP. Financial Proposal The Financial Proposal shall be prepared using the Standard Forms provided in Section 4 of the RFP. It shall list all costs associated with the assignment, including (a) remuneration for Key Experts and Non-Key Experts, (b) reimbursable expenses indicated in the Data Sheet. a. Price Adjustment For assignments with a duration exceeding 18 months, a price adjustment provision for foreign and/or local inflation for remuneration rates applies if so stated in the Data Sheet. b. Taxes The Consultant and its Sub-consultants and Experts are responsible for meeting all tax liabilities arising out of the Contract unless stated otherwise in the Data Sheet. Information on taxes in the Client’s country is provided in the Data Sheet. c. Currency of Proposal The Consultant may express the price for its Services in the currency or currencies as stated in the Data Sheet. If indicated in the Data Sheet, the portion of the price representing local cost shall be stated in the national currency.
-reimburse the Consultant for indirect taxes (including service tax) and duties as per SCC Clause 39.1, 39.2 and 39.3 – Yes -reimburse the Consultant income tax paid in India on the remuneration for services provided by the non-resident staff of the – No 16.4 The Financial Proposal shall be stated in the following currencies: Consultant may express the price for their Services in any fully convertible currency, singly or in combination of up to three foreign currencies. The Financial Proposal should state local costs in the Client’s country currency (local currency): Yes C. Submission, Opening and Evaluation 17.1 The Consultants [insert “shall” or “shall not”] have the option of submitting their Proposals electronically. [If “Yes”, insert: The electronic submission procedures shall be: [describe the submission procedure.] 17.4 The Consultant must submit: (a) Technical Proposal: one (1) original and _____ [insert number] copies; (b) Financial Proposal: one (1) original. 17.7 and 17.9 The Proposals must be submitted no later than: Date: [insert date] Time: 15:00 Hours [If appropriate, add translation of the warning marking [“Do not open....”] in the national language to the outer sealed envelope] The Proposal submission address is: 19.1 An online option of the opening of the Technical Proposals is offered: Yes ____or No________ [If yes, insert “The online opening procedure shall be: [describe the procedure for online opening of Technical Proposals.]
Leveraging Resources Financial Performance Revenue: Growth trends and diversity Own tax sources Grants / Fiscal transfers (level of dependence on State Government) User Charges and other Non-Tax Revenues Quality of Expenditure (Establishment expenditure, O&M expenditure) Performance on Revenue Account: Operating surplus, revenue surplus, overall surplus, liquidity Surplus/deficit vis-a-vis the Capital Investments Debt Management Debt servicing in proportion to revenue receipts Interest cover Collection Efficiencies User charges Property tax & other municipal taxes The municipal credit scoring model will be developed in consultation with the credit rating agencies. (An illustrative format for capturing financial information is annexed to the TOR) Provide information for National Municipal Credit database: Provide financial, project and other information about ULB in standard format for uploading it to National Municipal Credit database. Deliverables and Outputs Deliverable Time Contents Remarks Information Required from ULB 1 week from signing of contract ULB to revert with information in 3 weeks. Credit Rating with Rationale, Draft Credit Assessment Report, Draft 5 months from date of start All the details as mentioned as Task 1 given under section 7.2 will be included in the Credit Assessment Report. A presentation shall be made to the State Government, ULB and Project Director, CBUD on the report.
(b) continue with the Services to the extent reasonably possible, in which case the Consultant shall continue to be paid under the terms of this Contract and be reimbursed for additional costs reasonably and necessarily incurred. In the case of disagreement between the Parties as to the existence or extent of Force Majeure, the matter shall be settled according to Clauses GCC 44& 45. Suspension The Client may, by written notice of suspension to the Consultant, suspend all payments to the Consultant hereunder if the Consultant fails to perform any of its obligations under this Contract, including the carrying out of the Services, provided that such notice of suspension (i) shall specify the nature of the failure, and (ii) shall request the Consultant to remedy such failure within a period not exceeding thirty (30) calendar days after receipt by the Consultant of such notice of suspension. Termination 19.1. This Contract may be terminated by either Party as per provisions set up below: a. By the Client 19.1.1. The Client may terminate this Contract in case of the occurrence of any of the events specified in paragraphs (a) through (f) of this Clause. In such an occurrence the Client shall give at least thirty (30) calendar days’ written notice of termination to the Consultant in case of the events referred to in (a) through (d); at least sixty (60) calendar days’ written notice in case of the event referred to in (e); and at least five (5) calendar days’ written notice in case of the event referred to in (f): (a) If the Consultant to remedy a failure in the performance of its obligations hereunder, as specified in a notice of suspension pursuant to Clause GCC 18; (b) If the Consultant becomes (or, if the Consultant consists of more than one entity, if any of its members becomes) insolvent or bankrupt or enter into any agreements with their creditors for relief of debt or take advantage of any law for the benefit of debtors or go into liquidation or receivership whether compulsory or voluntary; (c) If the Consultant fails to comply with any final decision reached as a result of arbitration proceedings pursuant to Clause GCC 45.1; (d) If, as the result of Force Majeure, the Consultant is unable to perform a material portion of the Services for a period of not less than sixty (60) calendar days;