SO-Pub Financial Management Capacity Str - P151492
Ministry of Finance | Published August 28, 2015 - Deadline September 23, 2015
Somalia Pfm Treasury Management, Budget Execution, Accounting
And Financial Reporting, And Sfmis Implementation Services
FEDERAL REPUBLIC OF SOMALIA
MINISTRY OF FINANCE
Second Public Financial Management Capacity StrengtheningProject
REQUEST FOR EXPRESSIONS OF INTEREST
(CONSULTING SERVICES ? FIRMS SELECTION)
Assignment Title: Treasury management, budget execution, accounting andfinancial reporting, and SFMISimplementation services
The Federal Republic of Somalia has receivedfinancing from the World Bank toward the cost of the "Second Public Financial Management Capacity-Strengthening Project" (SPFMCSP)and intends to apply part of the proceeds of this grant for consulting services.
BACKGROUND OF THE PROJECT
The Ministry of Finance (MOF) of the Federal Republic of Somalia(FRS) has undertaken the SPFMCSP with the objective to achieve overall fiscaldiscipline that ensures effective use of public funds and avoids fiscal waste. The project refers to the legal andinstitutionalframework for supervising all phases of the budget cycle, including formulation and preparation of the budget, budget execution andexpenditure management, internal controls and audit, procurement, monitoring and reporting arrangements, and externalaudit.
The Consulting firm isrequired to support the MOF for the following reform activities:
Treasury management andbudget execution: Re-engineering business processes such asrevenue assessment and collection payment authorization and approval, accounting and reporting; issuing treasury circulars orministerial orders for the evolving business processes for budgeting, commitment controls, procurement, internal controls,accounting and reporting; operationalizing the SomaliaTreasury Single Account (TSA); ensuring prompt transfer of collected revenuesto government accounts; introducing commitment controls to curb build-up of arrears; improving the operations of the CashManagement Committee (CMC) in the MOF; training on how to derive cash plans from the annual work plans to inform periodic cashallocations for effective budget execution; codifying Ministerial Orders in Financial Regulations (FR) and preparing ComprehensiveOperating Procedures Manuals (COPM); and establishing the policy and legal framework for admissibility of evidence for ElectronicStored Information (ESI).
Accounting andfinancial reporting: Preparing accounting procedures manual and templates to guide the preparation of annualfinancial statements in accordance with the 'Financial Reporting under the Cash Basis of Accounting' standard issued by theInternational Public Sector Accounting Standards Board (IPSASB); Developing tools to support the upload of in-year budget reports and annualfinancial statements in government websites in a format that is user-friendly for public consumption; ensuring consistency in arriving at correct tax obligations; undertaking a recordsmanagement assessment and establishing systems, structures and guidance for creating and protecting authentic and reliablefinancial records.
Somalia FinancialManagement Information Systems (SFMIS) implementation and support services: the bespoke SFMIS solution (budget preparation andwarrants, revenue capturing, expenditure control, purchasing,revenuemanagement, customs management, general ledger, bank reconciliation and financial reporting, Human Resource Management (HRM)and payroll, Fixed Assets Register, Inventory Management System, secured connectivity,interface with other systems, Business Continuity Management) will provide a system with adequate audit trails to identifyadministrative accountability in processing transactions, improved timeliness and accuracy of transaction processing together withcomprehensiveness of financial reports to improve management decision making and transparency. Please note that supply of application is not required.
Implementation of the Services will be phased over a period of three yearsaccording to the proposed methodology and approach and activity schedule to achieve the deliverables.
The Ministry of Finance of the FederalRepublic of Somalia now invites eligible consulting firms ("Consultants") in providing the above services. Interested consultantsmust provide information indicating that they are qualified to perform the services (brochures, description of similar assignments,experience in similar conditions, and availability of appropriate skills). Theshortlisting criteria are:
The EOIs will be reviewed on the basis of the following to prepare a shortlist:
· Background of the firm(s): summarizing their areas of expertise 1) organizational capability2) years of experience of the firm 3) Size of the firm;
· General and overall experience of the firm(s);
· Relevant Experience and summary of similar projects undertaken by thefirm(s);
· Availability of appropriate skills amongst staff.
The attention of interested Consultants isdrawn to paragraph 1.9 of the World Bank's Guidelines: Selection and Employment ofConsultants under IBRD Loans and IDA Credits & Grants by World Bank Borrowers (January 2011) ("Consultant Guidelines"),setting forth the World Bank's policy on conflict of interest. Please visitwww.worldBank.org settingforth the World Bank's policy on conflict of interest. In addition, please refer to specific informationon conflict of interestrelated to this assignment as per paragraph 1.9 of Consultant Guidelines.
Consultants may associate with other firms inthe form of a joint venture or a sub-consultancy to enhance their qualifications.
The Consultant will be selected in accordance with the Quality and Cost Based Selection(QCBS) method set out in the Consultant Guidelines.
Further information can be obtained bysending email requests at the email address below. Expressions of interest must be delivered (in person, by mail, or by e-mail) ina written form in three (3) hard copies to the address below by 5 pm September 23,2015.
Mr. Farahan Mohamoud
Public Financial Management Reform Unit
Ministry of Finance
Federal Republic ofSomalia