Tender Advertisement #1030935

Request for Tender

Pacific Resilience Facility: Design of financial products for governments, the private sector and civil society organisations - Phase 1

Background

The proposal for establishment of the Pacific Resilience Facility (PRF) was noted and approved by the 2018 Forum Economic Ministers Meeting (FEMM).

2. The key objective of the proposed PRF is to build resilience of the Forum Island Countries and Territories (FICTs), through upfront investment in preparedness to natural hazards (or disasters) and impacts of climate change to minimise future loss of lives, displacement of people, and extensive economic losses.

3. The PRF's objective also reflects the FICTs' national development priorities to better absorb economic, social and environmental shocks and stresses through risk-informed and resilient development initiatives. The key role of the PRF will be to finance (through co-leverage and/or co-finance) resilience costs of:
a. Retro-fit of existing critical infrastructure, buildings (e.g. hospitals, schools, etc), ports; and/or;
b. New investments in infrastructure, buildings, ports (where such resilience costs are not included in the initial financial plan).

4. Overall, the PRF's comparative advantage will be to fund resilience costs of projects that are deemed "too small" to be funded by the Multi-lateral Development Banks (MDBs) as well as new infrastructure projects which are funded by the MDB's where there is a financing gap to ensure the resilience of such projects. Given the varying capacity of the countries to implement national resilience projects, the PRF provides an avenue for a regional facility to support the absorptive capacity of the FICTs. In addition, as outlined in the initial proposal, the PRF promotes inclusive development through the inclusion of contextualised financial products for the private sector and Civil Society Organisations (CSOs).

Purpose

5. The Pacific Islands Forum Secretariat (PIFS) is seeking submissions from reputable and suitably qualified/experienced service providers to carry out technical work on the Pacific Resilience Facility (PRF), which was endorsed by the 2018 Forum Economic Ministers Meeting (FEMM).

6. The role involves, but not limited to, designing and further developing the financial products for (i) governments, and (ii) the private sector and civil society organisations, including detailed financial analysis and modelling, in close consultation with PIFS and FEMM Technical Working Group (TWG).


Scope of Work

7. To design and develop financial products for (i) governments, and (ii) the private sector, and civil society organisations, including detailed financial analysis and modelling as per specifications set out under the Terms of Reference (TOR) documents which can be downloaded from www.tenders.net/forumsec.

Note: Bidders are encouraged to also make submissions for phase 2 which will be advertised shortly

HOW TO APPLY

Submissions should be entitled:

Request for Tender - Pacific Resilience Facility: Design of financial products for governments, the private sector, and civil society organsiations - Phase 1

Please, clearly indicate whether the proposal is for (i) Design of Financial Product for Governments; or (ii) Design of Financial Products for Private Sector & Civil Society Organisations

Method of Submissions:

Submissions must be forwarded in PDF format following the instructions at www.tenders.net/forumsec

Note: Tenders must be submitted with clear labelling of the technical offer and the financial offer. The Technical Offer documents must be saved and submitted clearly labelled "A. Technical Offer". Financial Offer documents must be saved and submitted clearly labelled "B. Financial Offer".

The electronically submitted documents should be converted to the PDF format.

Deadline for Submissions:

Submissions need to reach the Secretariat by 3pm (Fiji time), Thursday, 22 November 2018.

Late or incomplete tenders will not be considered.

Questions and Answers

All queries or request for information must be submitted via the Question and Answer Forum at www.tenders.net/forumsec . Tenderers may submit questions in writing to the mentioned Question and Answer Forum before the stated "deadline for requesting clarifications" 5pm (Fiji Time) Wednesday, 14 November 2018. The Secretariat has no obligation to provide clarification after this date.

Note: The Secretariat will not be responsible for non-receipt/non-delivery of the Bid documents due to any reason whatsoever.

Any complaints regarding the Secretariat's tender must be directed to the following email: Tender.Complaints@forumsec.org. This email address will forward your complaint to a person that is independent and removed from the tender process. Complaints must be well founded and should not be used as a mechanism for notifying displeasure with the outcome of a tender award. Further information on making a complaint can be found on the Policies & Information page at http://tenders.forumsec.org.

In the event that further information is required by the Secretariat in relation to the tender for consultancy, the Secretariat reserves the right to seek the required information without the need for calling for resubmission of proposals.