Debt Management Office

Nigeria

Request for Expression of Interest (EOI)/Prequalification Documents for Consultancy Services on Automated and Integrated Information Technology (IT) System for the Federal Government of Nigeria (FGN) Bond Market and Its Interconnectivity with the IT Systems of other Market Regulatory Agencies and Participants

Background

The Debt Management Office (DMO) hereby invites submission of Expression of Interest (EOI) for prequalification from qualified and reputable consultants with proven competence in the field of IT for the financial market for the provision of consultancy services in respect of the procurement and installation of an Automated and Integrated Information Technology (IT) System for the primary Federal Government of Nigeria (FGN) Bond Market at the Debt Management Office, Abuja, Nigeria.

As part of its debt management strategy and in line with the government’s Transformation Agenda, the Debt Management Office (DMO) proposes to procure,   install and operate an Automated and Integrated Information Technology (IT) system that will handle all activities in the primary FGN Bond market on an on-line and real time basis. The IT system is also expected to interconnect with  the IT Systems  of,  and  ensure sustained interface with, regulatory bodies and market participants, provide other functionalities including  data  gathering  and  analysis, information dissemination to domestic and international investors and the general market. One of the main objectives of the proposed IT system is to further develop the FGN bond market through automation in order to support the DMO’s strategies in achieving its mandate.

In order to achieve the above objective and as this is a highly specialized area of operations which requires competent supervision of its configuration and implementation, it is necessary for the DMO to engage the services of a Nigerian Information Communications Technology (ICT) Consultant with vast experience in this area, at the international level, as well as hands-on experience in IT project implementation in Nigeria, to guide and support the DMO in this venture.

Scope of Work

The Scope of the work for the consultancy services will include but not limited to:

• Carrying out a study of the critical areas required to allow for an enabling environment for a fully automated integrated IT system for all activities in the primary FGN bond market and its interconnectivity with the IT systems of relevant regulatory agencies and other major participants in the FGN bond market.
• Aiming at mitigating operational risks at the FGN bond market via the enabling IT infrastructure which will include STRAIGHT-THROUGH-PROCESSING (STP), linking all relevant offices   within   the   DIVIO   and   the   DMO   to   external stakeholders.
• Working with and guiding the DMO throughout the entire process of procuring, installing and managing, up to six months after the successful test-run, of the installed IT System.

Critical Deliverables

The critical deliverables of the consultancy services will mainly be derived from the scope of work and will include but not limited to:

(i)      Report on the ideal infrastructure platform that will provide for on-line and real-time automation.

(ii)     Report on a regulated environment that enforces fair competition on the FGN bond market which will address transparency, default-free transactions, zero abuse of privileges, enforcement of rules and regulations, non-repudiation of deals, etc.

(iii)    Report on a structured Local Area Network (LAN) and Wide Area Network (WAN) that will be dedicated to the proposed automated bond auction and other activities with the appropriate software and hardware. This will include a schematic drawing of a dedicated structured local area bond auction and other activities network at the DMO or any designated place and also a dedicated and secured wide area/internet network to securely and reliably interconnect all counterparties and associated hardware, software and peripherals.

(iv)    Report on the Primary Dealer Market Maker (PDMM) system and in particular the IT systems currently being used by the PDMMs.

(v)     Report on the IT systems currently being used by Nigerian relevant regulatory agencies in the FGN bond market.

(vi)    Report on the logistic aspect of connecting a hub based in the United Kingdom as against the provision of local node.

Required Expertise

The required expertise and experience for the consultancy services being required will include but not limited to:

• Good knowledge of the operations of the financial market with   particular   emphasis   on   the   FGN   bond   market auctioning and other operations.
• Experience in mapping fixed income securities primary market processes and in specifying IT system function and interface requirements.
• Knowledge of the Nigerian financial markets, its various actors, stakeholders, practices and processes and the inter­relationships between its various actors and stakeholders.
• Experience   in   developing   system   interfaces   and configuring databases and developing data marts.
• Previous exposure to the functionalities of IT systems for the activities in the fixed income securities market.
• Any other relevant knowledge that will engender providing top of the range relevant consultancy services.

Mandatory Requirements

Consultancy firms which wish to respond to this request for Expression of Interest should submit EOIs providing or detailing the following documents or information as a basis for pre-qualification.

1. Evidence   of registration with the Corporate Affairs Commission (CAC) of Nigeria.
2. Evidence of similar projects handled in the past in relevant areas, including status of the project.
3. Evidence of current registration with and having the Certificate of Compliance from, the Pension Commission of Nigeria (PENCOM) with regard to compliance with the 2004 pension Act, 2004.
4. Tax clearance certificates and VAT certificate for the last three years (2009-2011).
5. Company profile, which should include CVs of key personnel which must have experience in the financial market and IT.
6. Evidence that some of the Principal staff of the Consulting firm have the following:

(i)      Current registration with COREN

(ii)     A minimum of Microsoft Certified Technology Specialist (MCTS) Certification.

(iii)    A minimum of Information Technology Infrastructure Library (ITIL) v2 Foundations Certification.

g.       Financial capability showing profitability, including audited accounts for the last three years (2009 – 2011).

h.       Bank reference from any of the money deposit banks in Nigeria.

i.        Exhibit knowledge of the FGN bond market and the Primary Dealer Market Maker (PDMM) system of the FGN bond market.

j.        Exhibit knowledge of the IT infrastructure currently being used by the PDMMs and the relevant regulatory agencies in respect of the operations of the FGN market.

Submission of Expression of Interest

Expressions of Interest/Pre-qualification documents, which are to be in English Language, must be submitted in six (6) copies in a sealed envelope clearly marked:

“Expression of Interest/Pre-qualification Documents for IT Consultancy Services to the DMO for the FGN Bond Market”.

The Expression of Interest/Prequalification Documents should be addressed and delivered not later than 12 noon (Nigerian Time) on Monday, December 10, 2012 to the following address:

The Chairman,

DMO Tenders Board,

Debt Management Office,

NDIC Building, (1st Floor),

Plot 447/448 Constitution Avenue,

Central Business District, Abuja.

Tel: 09-8766786; 09-8761611, Email: enauiries@dmo.gov.ng

Website: www.dmo.gov.ng

Important Notice

• Companies which have submitted   EOIs within the stipulated time are invited to witness the public opening and evaluation of the EOIs by 1p.m. (Nigerian Time) in the DMO Conference Room at the address where the EOIs are to be submitted. This serves as a notice and invitation to all interested stakeholders to observe the bid (EOI) opening.
• After the evaluation of the EOIs, a short list of companies which have met the criteria will be drawn up on the basis of the evaluation of the EOIs.
• Companies on the short list will be invited to submit a Technical Bid and a Financial Bid which will be used as a basis for the selection and subsequent appointment of the company to provide the IT consultancy services being sought for.
• Furthermore, the DMO will not enter into any dialogue with any firm for not being Shortlisted or pre-qualified.

Signed:

DEBT MANAGEMENT OFFICE

NDIC Building (First Floor), Plot 447/448, Constitution Avenue Central Business District, P.M.B. 532, Garki, Abuja

Tel: 09-8766786; 09-8761611,

Email: enquiries@dmo.gov.ng

Website: www.dmo.gov.ng

Share on Facebook