Request for Expressions of Interest
Selection of a Consultant to Conducts Feasibility Study in the Establishment of a Payment and Settlement System in Ecowas
The ECOWAS Commission is a regional organization charged with the development, implementation of policies and programs towards the integration of its 15 Member States. The mission of the Commission is to promote regional integration in all fields of social, cultural and economic activities, including monetary and financial sectors. For that purpose, The ECOWAS Community has achieved a Free Trade Area (FTA) and it is at the verge of attaining the status of a customs union, with the adoption of a common external tariff very much in sight.
Toward the establishment of the ECOWAS common investment market (ECIM), the Commission , in its will to achieve market integration , including the financial markets in the sub region, wishes to lead the reflection by the recruitment of a Consultant to conducts feasibility study in establishment of a regional interbank system of and settlements within the ECOWAS to reduce bottler trade, payments and capital flow in the region.
The services included under this project are:
i. Strategic Orientation of the Project
- The Project concept/ payment and settlement business
- The desirability of a Regional cross border payment and settlement institutions in ECOWAS
ii. Legal and Regulatory Framework
- The legal environment of the projects
- Status and ownership of the project Rules and regulations
iii. Project Architecture(Technical and operational)
- The Technical requirements for establishment of a payment system and Technical feasibility of the Project.
- Technology types, Technology Risks and Service Agreements for the Regional System
- Operation Requirements
- Protecting security concerns and confirmation of payment instructions and putting in place a localized electronic messaging system.
- Trade quotation
- Trading and Settlement Procedures including entry and exit requirements and regulations and criteria for participation.
- Systemic risk and Delivery of Value Risk.
iv. Business Plan
- Social and economic justification of the project
- The Payment and settlement systems markets (size, segments, products and services, pricing, competition and competition analysis, market analysis in different zones of the sub-region) in ECOWAS,
- Business Model for a Regional Payment System
- Marketing Strategies and Marketing plan
- Ideal ownership Structure for the Regional System
- Sustainability of the Project
- Human resources and man power plan
- Office and Office infrastructure
- Plant site and location
- Organizational structure
- Business Risk Analysis and mitigation
- Systemic Risks and Delivery of Value Risks
- Capital structure/Financial Structure
- Project Finance Plan
- Financial Feasibility
v. Road Map/Strategic Plan
vi. Conclusion
- Consultant s Opinion on the project.
II. The ECOWAS Commission now invites eligible consultants (Firm) to indicate their interest in providing these services.
Interested consultants must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments with all necessary proofs, experience in similar conditions, availability of appropriate skills among staff, and all other necessary information for these services) Consultants may constitute joint-ventures to enhance their chances of qualification.
III. The selection procedure will be based on Quality and Cost in accordance with the Ecowas Tender Code. ECOWAS Commission is under no obligation to shortlist any consultant who expresses interest.
IV. Interested consultants may obtain further information at the address below during office hours: Monday to Friday from 9: 00 am GMT+1 to5.00pm GMT+1.
ECOWAS Commission, Directorate of General Administration , Procurement Unit, 101, Yakubu Gowon Crescent Asokoro District, P. M. B. 401 Abuja Nigeria
Phone Number:+234 703 558 42 78/ +234 8138989043
E-mail: nkuakor@yahoo.fr;bangoura53@yahoo.fr
V. Expressions of interest must be delivered in sealed envelope and clearly marked SELECTION OF A CONSULTANT TO DEVELOP A NEW RECRUITMENT SYSTEM FOR ECOWAS, do not open except in presence of the Tender Committee to the address below not later than April 15th 2011 at 5.00 pm GMT+1.
ECOWAS Commission, Directorate of General Administration, Procurement Unit, 101, Yakubu Gowon Crescent Asokoro District, P. M. B. 401 Abuja Nigeria
Phone Number: +234 703 558 42 78/ + 2348138989043
E-mail: nkuakor@yahoo.fr;bangoura53@yahoo.fr
Signed
Halima Ahmed
Director, General Administration
