i

Request for Expression of Interest (REoI) & Terms of

Reference (ToR) for Engaging A Consulting Firm for

Formulation of a Strategic and Business Plan for IDCOL

Procurement Package No.: S-09 under REREDPII (Additional Financing) Reference No.: IDCOL/Proc/2015/REREDPII/AF/S-09

Date of Issue: 27 July 2015

Infrastructure Development Company Limited

UTC Building, Level-16, 8 Panthapath, Kawran Bazar, Dhaka-1215, Bangladesh

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Contents

1. Introduction ................................................................................................................................. 1

2. Background .................................................................................................................................. 4

3. Objectives ..................................................................................................................................... 5

4. The Process .................................................................................................................................. 6

5. Scope of work ............................................................................................................................... 7

6. Deliverables ................................................................................................................................. 8

7. Coordination ................................................................................................................................ 8

8. Duration of the Assignment ...................................................................................................... 8

9. Schedule of Payment .................................................................................................................. 8

10. Content of Submissions .......................................................................................................... 8

11. Eligibility of Consultants/Firms ........................................................................................... 9

12. Eligibility of Key Experts........................................................................................................ 9

13. Disclaimer ............................................................................................................................... 10

REQUEST FOR EXPRESSIONS OF INTEREST (REOI) .................................................................... 11

1

Request for Expression of Interest (REoI) along with Terms of Reference

for engaging a consulting firm for formulation of a Strategic and Business Plan for IDCOL

1. Introduction Infrastructure Development Company Limited (IDCOL) was established on May 14, 1997 by the

Government of Bangladesh (GoB). The Company was licensed by Bangladesh Bank as a Non-Bank

Financial Institution (NBFI) on January 5, 1998. Since its inception, IDCOL is playing a major role in

bridging the financing gap for developing medium and large-scale infrastructure and renewable

energy projects in Bangladesh. After a decade, the company now stands as the market leader in

private sector energy and infrastructure financing in Bangladesh.

IDCOL’s vision is ‘to help in ensuring the economic development of the country and to improve the

standard of living of the people through sustainable and environment friendly investments’ while its’

mission is ‘to catalyze and optimize private sector participation in the promotion, development and

financing of infrastructure as well as renewable energy and energy efficient projects in a sustainable

manner through public-private-partnership initiatives’.

IDCOL is managed by an eight-member independent Board of Directors comprising four senior

government officials, two prominent business personalities, one famous professional practitioner

from the private sector and a full-time Executive Director and Chief Executive Officer.

IDCOL provides long-term and soft loans to viable private sector infrastructure, Renewable Energy and

Energy Efficient projects. It also channels grants to reduce the cost of RE projects as well as provides

technical, logistics, promotional and training support. IDCOL product port-folio includes the following

broad categories:

Infrastructure Projects

Renewable Energy and Energy Efficiency Program

Corporate Advisory Services

Infrastructure Projects

IDCOL provides long-term debt financing to viable privately-owned and operated infrastructure

projects. To be eligible for IDCOL funding, projects must be included in the GoB's priority list and use

proven technology. Infrastructure sectors in the current priority list include:

o Power Generation o Telecommunications o Information and Communication Technology o Ports o Renewable Energy o Energy Efficiency o Social Infrastructure o Gas and Gas related Infrastructure o Water Supply o Toll Roads and Bridges o Shipyards and Shipbuilding o Hotel and Tourism o Mass Transportation Systems o Environmental Services o Infrastructure Backward Linkage Industry, and

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o Other projects approved by IDCOL Board

Renewable Energy and Energy Efficiency Program

Under Renewable Energy and Energy Efficiency Program, IDCOL's current focus is on following major areas:

o Solar Home System (SHS) o Domestic Biogas plants o Other renewable energy projects that include:

Solar irrigations pumps Solar mini-grids

Biogas based electricity generation

Biomass based electricity generation

Other renewable energy applications, e.g. solar-run cold storage, etc.

o Improved Cook Stoves

Corporate Advisory Services

IDCOL has established an advisory wing to provide knowledge support to various local/foreign institutions on infrastructure projects, renewable energy projects, public private partnership, etc. IDCOL has already provided advisory services to delegates from Ethiopia, Ghana, Sudan, Guinea and Uganda. In addition, IDCOL signed a Memorandum of Understanding (MoU) with the Bangladesh Infrastructure Finance Fund Limited to provide necessary support in project due diligence and another one with IDLC Finance Limited to provide advisory services to design and launch new financial products for the suppliers under IDCOL Solar Home System (SHS) Program. To build capacity of local financiers and entrepreneurs, IDCOL regularly organizes training courses on project finance and financial modeling. These courses are intended to improve the understanding of young bank professionals with regard to the techniques employed in cash flow lending as well as the principles used to make them successful. The courses are also designed for officials representing government organizations, project sponsors and development companies, international organizations and consulting firms. Till date, IDCOL trained more than one thousand professionals in eighteen training courses on project finance, twelve courses on financial modelling, and a special course for officials of Prime Minister's Office and Ministry of Finance on loan evaluation techniques.

Some of the important projects financed and/or arranged financing by IDCOL are as follows: Power Generation:

USD 80 million to Meghnaghat 450 MW Combined Cycle Power Plant, the single largest loan provided by a Bangladeshi Financial Institution to the private sector.

USD 30 million to Energypac Confidence Power Venture Chittagong Limited for establishing a 108 MW power plant at Patiya, Chittagong.

BDT 600 million to Summit Uttaranchal Power Limited and Summit Pubanchal Power Limited for setting up four small power plants with a total capacity of 110 MW.

BDT 500 million to Barakatullah Electro Dynamics Limited for setting up a 50 MW rental power plant at Fenchuganj, Sylhet.

BDT 1,000 million to Quantum Power Systems Limited for setting up two rental power plants with a total capacity of 215 MW at Bheramara, Khutia and Noapara, Jessore.

BDT 200 million to Malancha Holdings Limited for the installation of a 34.5 MW power plant at Dhaka Export Processing Zone.

BDT 200 million to Venture Energy Resource Limited for establishing a 34.5 MW rental power plant at Bhola.

BDT 153.3 million to 33.75 MW expansion plant of Summit Power Limited.

BDT 120 million to Shah Cement Power Limited, an 11.6 MW power plant.

USD 30 million to Summit Meghnaghat Power Company Limited for establishing a 305-335 MW Combined Cycle Dual Fuel (HFO/Gas) power plant at Meghnaghat, Narayanganj.

USD 15 million to Lakdhanavi Bangla Power Limited for establishing a 52.2 MW Dual Fuel (HFO/Gas) power plant at Jangalia, Comilla.

USD 30 million to Regent Energy and Power Limited for establishing a 108 MW power plant at Ghorashal, Narshingdi.

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Ports:

BDT 80 million for two land port projects, namely Panama Hilli Port Link Limited and Panama Sonamasjid Port Link Limited.

Telecommunications:

BDT 360 million and USD 10 million to Pacific Bangladesh Telecom Limited (PBTL) cellular network expansion project.

BDT 400 million working capital facility for Orascom telecom Bangladesh Limited.

BDT 300 million to Banglalion Communications Limited for setting up a broadband wireless access network.

USD 3 million to Bangla Trac Communications Limited for setting up an International Gateway (IGW).

BDT 260 million to Fiber@Home Limited for setting up a nationwide telecommunication transmission network (NTTN).

BDT 69 million to Fiber@Home Limited for establishing terrestrial cable landing station.

BDT 125 million to Grameen Phone Limited cellular network expansion project.

BDT 50 million to DNS SatComm Satellite Earth Station.

BDT 30 million to Ranks Telecom Limited PSTN project.

BDT 1,000 million in senior, secured, nonconvertible bond of Orascom Telecom Bangladesh Limited.

BDT 500 million in unsecured, senior bond of GrameenphoneLimited.

USD 5.9 million to Bangla Trac Communications Limited for financing long-term working capital requirement.

BDT 80 million to Fiber@Home Limited for establishing terrestrial cable landing station.

ICT:

BDT 9.2 million to the IT enabled services industry through a credit line to Premier Bank Ltd. under the Shonchalok program.

BDT 32.43 million to Click House Studio Limited for production of three-dimensional (3D) animation works.

Gas and Gas Related Infrastructure:

BDT 31 million to Thermex Trade Limited for setting up a CNG refueling station.

Urban Environmental Services:

BDT 152.52 million to Chittagong Waste Treatment Plants Private Limited for setting up a Central Effluent Treatment Plant at Chittagong Export Processing Zone.

USD 541 million refinancing and grants to its POs for the promotion of 2,627,720 Solar Home Systems (approximately) in the remote rural areas of Bangladesh till September 2014.

USD 9 million refinancing and grants to its POs for the promotion of 21,482 Biogas Plants (approximately) in the remote rural areas of Bangladesh till September 2014.

BDT 33.13 million to Sigma Engineers Limited for setting up a Central Effluent Treatment Plant at Comilla Export Processing Zone.

Hotel and Tourism:

BDT 100 million to Panigram Resort Limited for establishing a 48-key boutique, eco-resort at Chowgacha, Jessore.

Other Renewable Energy:

BDT 46.17 million as loan and grant to Purabi Green Energy Limited for setting up a 100 kW solar photovoltaic based mini grid at Sandwip.

BDT 21.5 million as loan and grant to Dreams' Power (Pvt.) Limited for installation of 250 kW biomass gasification based power plant and expansion of its distribution network.

BDT 14.45 million as loan and grant to Rashid Krishi Khamar Limited for setting up a 50 kW biogas based power plant.

BDT 3.15 million as loan and grant to Grameen Shakti for setting up a 11.2 kW solar PV based submersible water pump at Shapahar, Naogaon.

BDT 42.83 million to Electro Solar Power Limited for setting up a solar photovoltaic module assembling plant.

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BDT 95 million to Radiant Alliance Limited for setting up a solar photovoltaic module assembling plant.

BDT 64.00 million to Sustainable Energy and Agro Resources Limited for 400 kW biomass gasification based power plant.

BDT 123 million to InGen Technology Limited for setting up solar-diesel hybrid power system for 72 base transceiver stations (BTSs) of Grameenphone Ltd.

BDT 1.74 million as loan to Seed Bangla Foundation for five bio-electricity plants.

BDT 54.55 million to Phenix Agro Limited for setting-up four 100 kW biogas based electricity generation plants and an organic fertilizer plant.

BDT 18.07 million to Japan Solartech (Bangladesh) Limited for solar-diesel hybrid power systems at 10 BTS sites of Grameenphone Limited.

BDT 24 million to Rahimafrooz Renewable Energy Limited for solar-diesel hybrid power systems at 10 BTS sites of Grameenphone Limited and 6 BTS sites of Orascom Telecom Bangladesh Limited.

BDT 4.65 million loan and BDT 6.20 million grant to Network for Universal Services and Rural Advancement for 5 solar PV based irrigation plants.

BDT 4.23 million loan and BDT 5.64 million grant to Survivor's-Sancred Solar System Limited for 10 solar PV based irrigation plants.

BDT 24 million to Rahimafrooz Renewable Energy Limited for solar-diesel hybrid power systems at 10 BTS sites of Grameenphone Limited and 6 BTS sites of Orascom Telecom Bangladesh Limited.

Further details of the products and programs are available on the Company’s website, www.idcol.org,

as well as annual report.

2. Background The financial sector in Bangladesh is continuously evolving and perhaps maximum amount of reform

agenda are being undertaken by regulators to bring it up to the desired standard and robustness

demanded by modern times. In the backdrop of global financial crisis and formidable challenges;

increased competition in the country; national growth expectations and greater customers’

satisfaction; the banks and financial institutions are under constant pressure to seek operational

efficiency, better risk management and increased shareholders’ returns/stakeholders value.

During the last decade IDCOL has established itself as significant and viable organization. It has a huge

potential to grow and diversify further. Having achieved a stable and steady operational and

management efficiency it perhaps poised to take a leap to the next level.

Meanwhile, the economy and the environment is also changing hence various infrastructural

requirement. The socio-economic profiles of the citizen are changing too. It is of great importance

more than ever before that a thriving organization like IDCOL relooks at its game plan in order to

suitably position itself in this complex and growing market. All endeavor needs to have a longer term

sustainable perspective. This perspective should be pursued though a consciously derived Strategic

Plan. The ultimate goal is to leverage on the organizations strength to exploit the opportunities

available.

IDCOL has set itself the task of creating a conducive environment for the emergence of an

economically sound, industrialized, prosperous and perfectly integrated Bangladesh internally as well

as at the global economic-level with a view to cashing in on opportunities and prospects of

globalization.

The promotion and development of the private sector remains one of the main objectives of IDCOL’s

business plan.

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To finance its activities, IDCOL draws from two major categories of resources: resources mobilized

from external sources as well as internal sources. The external resources are resources mobilized from

bilateral or multilateral technical and financial partners such as foreign governments, multilateral and

development banks or other banks or international finance institutions while internal resources are

mobilized from equity contribution by the Government of Bangladesh as well as the cash generated

from the Company’s operation.

The resource needs of IDCOL fall into two categories:

• Concessionary resources to significantly boost the Company’s intervention through the

financing of basic infrastructure projects which are vital to the economic development of the

country and to the promotion of a dynamic private sector which is the engine of growth.

Unfortunately, the ripple effects of the global financial crisis have resulted in dwindling

concessionary resources at the international level, leading to a drastic fall or even a change in

the international aid architecture;

• Commercial resources to finance the private sector.

In the near future, IDCOL may need to raise funds from the financial markets and hopes to have the

necessary internal expertise to raise resources at much lower costs on the international capital

markets.

All these efforts remain inadequate in view of the enormous appetite for financing infrastructure and

renewable energy interventions in the country where mobilizing sufficient resources may remain one

of the major constraints identified by the Company.

Against this background, IDCOL urgently needs to look for innovative ways to finance its projects in a

coherent framework.

These Terms of Reference are being developed as part of efforts to hire a firm to prepare and execute

a comprehensive strategic and business plan for mid and long term perspectives supplemented by a

robust business plan.

3. Objectives The main objective of this exercise is to clearly outline a mid-term strategic and business plan of

IDCOL in line with the organization’s mandate. These would be prepared through Focused Group

Discussion with the MANCOM of IDCOL for formulating a suitable Strategic plan which will be

subsequently presented before the Board for its’ review and finalization.

IDCOL wants to plan its’ organizational management activity that would be used to set priorities, focus

energy and resources, strengthen operations, ensure that employees and other stakeholders are

working toward common goals, establish agreement around intended outcomes/results, and assess

and adjust the organization's direction in response to a changing environment.

The exercise will holistically review and analyze the existing business portfolio, human capacities,

policy and mandates, status and nature of financial resources, market positioning, comparators and

competitions, etc. and device a comprehensive strategic and business plans addressing required

improvement, diversification, growth and sustainability in the overall business operations of IDCOL.

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It should be a disciplined effort that produces fundamental decisions and actions that shape and guide

what an organization is, who it serves, what it does, and why it does it, with a focus on the future. The

strategic planning to be an effective one should articulate not only where the organization is going

and the actions needed to make progress, but also how it will know if it is successful.

Strategic Plan will consist of high level agendas like which sector to focus on or what major policy

changes are required etc. These high level aspirations will be expanded into a list of key goals and

objectives will then be further reviewed through high and mid-level executives for assessment and

review through a series of Focus Group Discussions (FGDs) and Depth Interview (DI) with MANCOM

and Unit Heads for preparing respective Business Plan.

4. The Process

The consultant will facilitate the entire process through series of FGDs. The itinerary of

persons and events will be formalized through a detailed work plan and appropriate forms

and procedures.

The following four key elements, among others, should be considered in formulation of the

competitive strategy:

1. Company strengths and weaknesses; 2. Personal values of the key implementers (i.e., management and the board); 3. Industry opportunities and threats; and 4. Broader societal expectations.

The first two elements relate to factors internal to the company (i.e., the internal environment), while

the latter two relate to factors external to the company (i.e., the external environment). These

elements need to be considered throughout the strategic planning process.

Data should be gathered from a variety of sources, such as interviews with key executives, review of

publicly available documents on the competition or market, primary research industry studies, etc.

This may be part of a competitive intelligence program. Inputs should be planned to help support an

understanding of the competitive environment and its opportunities and risks. Other inputs include

an understanding of the values of key stakeholders, such as the board, shareholders, and senior

management.

Strategic planning activities should include meetings and other communications among the

organization's leaders and personnel to develop a common understanding regarding the competitive

environment and what the organization's response to that environment should be. A variety of

strategic planning tools may be completed as part of strategic planning activities.

The organization's leaders may have a series of questions they want answered in formulating the

strategy and gathering inputs, such as (not limited to):

What is the organization's business or interest? What is considered "value" to the customer or constituency? Which products and services should be included or excluded from the portfolio of offerings? Which products and services need a gradual exit strategy? What is the geographic scope of the organization?

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What differentiates the organization from its competitors in the eyes of customers and other stakeholders?

Which skills and resources should be developed within the organization?

The strategic and business plan should constitute, among others, the following:

Listing of the projects/program/initiatives with a brief description.

Responsibilities assigned to pursue and complete the activities required.

Time frame: An expected completion date to be agreed upon by the management and the

concerned.

Resource required: What addition support if any may be critical to completion of the item.

Key Performance Indicator: Agree on the tangible event or output delineating successful completion.

Milestones: Identification of major events indicating key stages of completion/ achievement.

Upon consolidation of all inputs from various FGD sessions the consultant shall prepare a final

strategic plan and business plan in most suitable format.

5. Scope of work

The strategic and business plan will address, among other important issues, the following:

Validated Vision, Mission & Core Values - the strategic planning process will require re-visiting and/or validating these as they are the foundation for planning.

Situation Analysis - identifying the best available data about current and future projected status, and manipulating data until it becomes useful information. This would involve the application of one or more specific common analytic methods (e.g. industry, business model, competitive positioning, supply chain, critical success factors, product line, etc.). This will also include, but not limited to, analysis and assessment of existing:

o constitutional documents along with the mandates; o product mix and its effectiveness and potentials; o human capacities and scope for strengthening; o core competencies, composition and effectiveness of the Board; o financial resources and cost of fund; o sources of financial resources and potential sources to be explored; o capital and ownership structure as well as potential reformation considering,

but not limited to, capital market, institutional investment, etc.; o market positioning and competitions; o portfolio and potential diversification and/or emphasis as well as exit

strategies; o market presence and need for promotion/branding; o risk perspectives and mitigation measures;

Strategic Plan - after analysis is complete, the outcome of analysis and the related implications as well as effective solutions for the future have to be captured and

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strategized in one or more planning documents which may include, but not limited to: long-term strategy; operating plans; business plans; financial analysis; and projections under various scenarios addressing, among others, the above mentioned issues. These documents will be shared with major stakeholders like Board, and existing and prospective funders.

Implementation Plan(s) - identifying the work which must be done to implement the strategic and business plan. Developing detailed project plan(s) can be among the most important deliverables, allowing to forecast exactly what funds and other resources are required to implement changes.

Post mortem and change management deliverables - implementation plans may

need to be supported by large scale change management plans and related

deliverables, like customized training, etc.

6. Deliverables

The consultant will finally deliver (i) a long-term strategic plan, and (ii) business plan; including relevant supplementary reports, projections, etc.; for execution of the strategic plan of IDCOL.

7. Coordination The Consultant will coordinate with [TBD]. The Coordinator shall be responsible for the

coordination of activities under the Contract, for receiving and approving invoices for

payment, and for acceptance of the deliverables by IDCOL.

8. Duration of the Assignment The term of the consultancy services will be 6(six) months from the date of signing

Consultancy Agreement with IDCOL.

9. Schedule of Payment Payments under the assignment may be made in stages based on set milestones.

10. Content of Submissions

IDCOL now invites eligible applicants (“Firms”) to express their interest in providing the

Services. Interested Firms should provide information demonstrating that they have the

required qualifications and relevant experience to perform the Services. In this regard, the

interested applicants are requested to submit their Expressions of Interest (EOIs) along with

the documents listed below:

a) documentary evidence of incorporation of the Firm (Trade License of the year of registration and of the latest year, MOA, Incorporation certificate, Articles of Association, or Membership of professional bodies, registered Partnership deed, copy of tax payer certificate, copy of bank statement as evidence of the bank solvency);

b) audit report (by CA firm) for last 03 (Three) years containing necessary disclosures including segregation of revenue sources (please submit a revenue statement certified by a chartered accountants, if necessary disclosure on revenue segregated by sources is not clearly stated in the audit report);

c) annual report for the latest fiscal year, if any;

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d) bank solvency certificate and/or bank statements showing the amount of liquidity available;

e) details of works completed in the last five (5) years including clients' names, brief description of engagements, contract period, contract value, etc. as per the chart below:

Sl No Name of the Project/Assignment

Total Person-Month

Total Contract Value

Period (time of start and end)

1

2

…

f) completion certificate(s) issued by the clients articulating title, topic, duration (in person-month) and amount of contracts/assignments;

g) consultants may associate with other firms in the form of a joint venture or a sub consultancy to enhance their qualifications. If there is any joint-venture or consortium formed, the JV firms shall have to submit all the information as above;

h) content of EoI shall be printed in English language. In case of any original document(s) [certificate, statement, etc.] being in a language other than English, the applicant is required to submit a notarized copy of the document(s) translated in English.

11. Eligibility of Consultants/Firms

A Consulting Firm or Joint Venture with broad and deep experience in conducting similar assignment is needed. The firms those meet the following criteria are encouraged to participate:

Companies and firms registered with appropriate authorities;

Have yearly minimum turnover of about USD 500,000 or equivalent;

Have advisory income of a minimum USD 200,000 or equivalent in the last financial year;

Have record of a minimum of three (03) years’ experience and expertise in Strategic Consulting and Planning or similar field;

Have advised any Banking & Financial Services Institution for their strategy formulation and strategic expansion.

Have completed minimum 03 (three) similar assignments in last 03(three) years of minimum 3(three) person-months each;

Have all the technical facilities of their own or necessary arrangements with such facilities;

12. Eligibility of Key Experts

The key experts under the consultants’ team for the strategic and business planning should include, but not limited to, the followings:

expert in business-and-competitive-strategy and strategic analysis methodology;

expert and experienced in the corporate "strategic planning process". Typically such a person only acquires this expertise if he has held a position as an in-house strategic or corporate planner for several years;

properly academically qualified - holds an MBA or equivalent business qualification;

possessed very strong capability in business and industry analysis;

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capable of offering proactive business strategy advice and be a strong "devil’s advocate";

able to relate well to the CEO [the ultimate strategic planner] or leader of the strategic planning team;

substantially experienced in chairing strategic planning sessions. The applicant should have a team of key experts whose specific qualifications are elaborated as follows:

Designation Qualification

i) Team Leader

Education:

Degree in Engineering/Economics/Business/Statistics; Experience:

Working experience of over 15 years; Consulting experience in similar field for over 5(five) years; Experience of working in at least 1(one) developing country; Experience of leading a consultants’ team as the Team Leader or the

Deputy Team Leader: for at least 3(three) projects.

ii) List of experts and personnel

To be proposed by the applicant.

The short-listing criteria are: a. Years of general experience b. Financial Capacity c. Numbers of completed similar task/assignment d. Team composition, and qualification and experience of key personnel.

The attention of interested Firms is drawn to Paragraph 1.9 of the World Bank’s Guidelines:

Selection and Employment of Consultants (“Consultant Guidelines”), setting forth the World

Bank’s policy on conflict of interest. Firms will be selected in accordance with the selection

based on ‘Selection Based on the Consultants’ Qualifications (CQS)’ method set out in the

Consultant Guidelines and the contract will be Lump-Sum based.

13. Disclaimer

IDCOL reserves all the right not to appoint any consultant.

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Infrastructure Development Company Limited Level-16, UTC Building, 8 Panthapath, Kawran Bazaar, Dhaka

Telephone No.: 9102171-8, Fax No.: +880-2-8116663 REQUEST FOR EXPRESSIONS OF INTEREST (REOI)

(CONSULTING SERVICES-FIRM SELECTION) Assignment Title: Selection of Firm for Formulation of A Strategic and Business Plan for IDCOL Package No.: S-09 under REREDPII (Additional Financing) Reference No.: IDCOL/Proc/2015/REREDPII/AF/S-09, Date: 27/07/2015 Infrastructure Development Company Limited (IDCOL) intends to engage a consulting firm for the services. The services ("the Services”) include, but not limited to, the following:

i. Outlining strategic vision of IDCOL in line with the organization’s mandate; ii. Determining and clarifying strategic and operational problems via consultation;

iii. Identifying problems and seeking solutions; iv. Reviewing current strategy; v. Undertaking research into the industry sector, markets and competitors;

vi. Collecting, analyzing and interpreting data and statistics; vii. Compiling and presenting information verbally, visually and in writing;

viii. Identifying and assessing the pros and cons of possible strategies; ix. Outlining objectives; x. Developing, advising about and implementing agreed solutions.

IDCOL now invites eligible applicants (“Consultants”) to express their interest in providing the

Services. Interested Firms should provide information demonstrating that they have the required

qualifications and relevant experience to perform the Services. The firms those meet the following

criteria are encouraged to participate:

Companies and firms registered with appropriate authorities; Have yearly minimum turnover of about USD 500,000 or equivalent; Have advisory income of a minimum USD 200,000 or equivalent in the last financial year; Have record of a minimum of three (03) years’ experience and expertise in Strategic

Consulting and Planning or similar field; Have advised any Banking & Financial Services Institution for their strategy formulation

and strategic expansion; Have completed minimum 03 (three) similar assignments in last 03(three) years of

minimum 3(three) person-months each; Have all the technical facilities of their own or necessary arrangements with such facilities.

Applicants/Firms who have the eligibility mentioned above are encouraged to submit their EOIs.

The interested applicants are requested to submit require supporting as per mentioned below for

proving the eligibility criteria:

a) documentary evidence of incorporation of the Firm (Trade License of the year of registration and of the latest year, MOA, Incorporation certificate, Articles of Association, or Membership of professional bodies, registered Partnership deed, copy of tax payer certificate, copy of bank statement as evidence of the bank solvency);

b) audit report (by CA firm) for last 03 (Three) years containing necessary disclosures including segregation of revenue sources (please submit a revenue statement certified by a chartered accountants, if necessary disclosure on revenue segregated by sources is not clearly stated in the audit report);

c) annual report for the latest fiscal year, if any;

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d) bank solvency certificate and/or bank statements showing the amount of liquidity available;

e) details of works completed in the last five (5) years including clients' names, brief description of engagements, contract period, contract value, etc. as per the chart below:

Sl No Name of the Project/Assignment

Total Person-Month

Total Contract Value

Period (time of start and end)

1 2 …

f) completion certificate(s) issued by the clients articulating title, topic, duration (in person-month) and amount of contracts/assignments;

g) consultants may associate with other firms in the form of a joint venture or a sub consultancy to enhance their qualifications. If there is any joint-venture or consortium formed, the JV firms shall have to submit all the information as above;

h) content of EoI shall be printed in English language. In case of any original document(s) [certificate, statement, etc.] being in a language other than English, the applicant is required to submit a notarized copy of the document(s) translated in English.

The short-listing criteria are:

a. Years of general experience b. Financial Capacity c. Numbers of completed similar task/assignment d. Team composition, and qualification and experience of key personnel.

The attention of interested Firms is drawn to Paragraph 1.9 of the World Bank’s Guidelines: Selection

and Employment of Consultants (“Consultant Guidelines”), setting forth the World Bank’s policy on

conflict of interest. Firms may associate with other firms or individuals in the form of a joint venture

or a sub consultancy to enhance their qualifications. Firms will be selected in accordance with the

selection based on ‘Selection Based on the Consultants’ Qualifications (CQS)’ method set out in the

Consultant Guidelines and the contract will be Lump-Sum based.

Further information can be obtained at the address below during office hours- 10:00 AM to 06:00

PM (BST) and the interested firm may visit www.idcol.org for detail REOI and Terms of Reference

(ToR) of this assignment. Applications will be evaluated by an evaluation committee in accordance

with the criteria described in the ToR. Only shortlisted applicants will be further communicated for

submission of detailed Request for Proposal (RFP) for final selection.

Expressions of Interest (EOI) must be delivered in a written form to the address below (in person,

or by mail, or by fax, or by e-mail). The last date for submission of EOI is 18 August 2015 by

05:00PM (BST). EOI shall be in a sealed envelope and be clearly marked 'Application for the

selection of Firm for Formulation of a Strategic and Business Plan for IDCOL’. Any application

received after the deadline will be returned unopened to the applicants.

Md. Maidul Islam, Officer, Procurement, Infrastructure Development Company Limited (IDCOL) Telephone No.: 9102171-8 (Ext- 143), Fax No.: +880-2-8116663, E-mail: maidul@idcol.org