INSURANCE AND PENSIONS COMMISSION (IPEC)
Request For Expressions Of Interest For The Provision Of Stock Broking/Asset Management/ Advisory Services – (Firms Selection) IPEC
IPEC/E01/ 02/2020 – PROVISION OF STOCK BROKING/ ASSET MANAGEMENT/ ADVISORY SERVICES
The Insurance and Pensions Commission wishes to engage consulting firms or Stock Brokers/Asset Managers with valid membership with the Zimbabwe Stock Exchange in relation to the provision of stock broking and equities advisory services for a period of one year with an option for renewal. The Consulting firm or Stock Brokers/Asset Managers will be responsible for assisting in facilitating the trading (buying and selling) of listed shares as and when required.
The Insurance and Pensions Commission now invites eligible consulting firms (“Stock Brokers/Asset Managers”) to indicate their interest in providing the services. Interested Stock Brokers/Asset Managers should provide information demonstrating that they have the required qualifications and relevant experience to perform the services.
THE SHORT-LISTING CRITERIA IS AS FOLLOWS:
1. The Consultancy firm or Stock Brokers/Asset Managers must be registered with the Procurement Regulatory Authority of Zimbabwe (PRAZ) in terms of Section 4 of the Public Procurement and Disposal of Public Assets Act Regulations (Statutory Instrument 5 of 2018).
2. Competencies and qualifications of key professional staff, team leader and any other Stock Brokers/Asset Managers who will be assigned to carry out the tasks and responsibilities on a large scale.
3. Track record and demonstrable experience of the Stock Brokers/Asset Managers or firm in conducting similar assignments of the same scope. A minimum of three (3) reference letters from traceable organizations must be submitted.
4. Valid proof of membership with the Zimbabwe Stock Exchange 5. Valid copy of stock broking license certificates issued by the Securities and Exchange Commission 6. Prospective consultants to provide description of their cost build up
THE FOLLOWING DOCUMENTS MUST BE SUBMITTED IN SUPPORT OF THE INFORMATION PROVIDED: a) Detailed company profile b) Certificate of incorporation c) CR6 and CR14 d) Stock broking licenses issued by the Securities and Exchange Commission e) Proof of registration with Procurement Regulatory Authority of Zimbabwe (PRAZ) f) Valid Tax Clearance (ITF 263) certificate g) Detailed curriculum vitae of key personnel and professional staff h) Valid NSSA certificate i) A minimum of four (4) reference letters from traceable organizations
Short-listed Stock Brokers/Asset Managers will be invited to submit detailed technical and financial proposals, as described in Part 1 of the Request for Proposals Procedures in the Standard Request for Proposals for the Selection of Consultancy Services.
A Stock Broker/Asset Manager will be selected in accordance with the procedures specified in Part VIII of the Public Procurement and Disposal of Public Assets Act [Chapter22:23] and Part VI of the Public Procurement and Disposal of Public Assets (General) Regulations, 2018 (Statutory Instrument 5 of 2018). Short-listed Stock Brokers/Asset Managers will be invited to submit their proposals on a separate document based on the Standard Request for Proposals for the Selection of Consultancy Services and the Stock Broker/Asset Manager submitting the successful proposal will be engaged on the contractual terms set out in that document and in the General Conditions of Contract for Consultancy Services. Copies of the Act and Regulations and the standard documentation are available on the website of the Procurement Regulatory Authority of Zimbabwe.
This opportunity is open to all Stock Brokers/Asset Managers who meet the criteria for eligibility as stated in Section 28 of the Act and who have the nationality of an eligible country as defined in Clause 1.10 of the General Conditions of Contract for Consultancy Services.
Participation in this bidding procedure is restricted to Zimbabwean bidders and bidders must accompany their bidding documents with CR14 certificates as proof of Nationality.
The method of selection will be Quality and Cost Based Selection.
IPEC will reject an expression of interest if it determines that the consultant has, directly or through an agent, engaged in corrupt fraudulent, collusive, coercive or obstructive practices in competing for the Contract or been declared ineligible to be awarded a procurement contract under section 99 of the Public Procurement and Disposal of Public Assets Act [Chapter 22:23]. A Consultant may submit only one expression of interest.
Further information can be obtained at the address below during office hours from 0800 hours to 1630 hours. Expression of Interest in English must be submitted in a clearly marked envelope and deposited in the tender box to the address below on or before 8 May 2020 by 1000 hours (Local Harare Time) (GMT +2 hours) and clearly labelled “IPEC/E01/02/2020: Consulting Services for the Provision of Stock Broking and Equities Advisory Services”. Electronic submissions to the procurement e-mail below shall also be accepted and shall clearly be referenced as indicated above.
Late applications shall not be considered and no liability shall be accepted for loss or late delivery. The Insurance and Pensions Commission shall not be responsible for any costs or expenses incurred by firms in connection with preparation or delivery of the application.
The Request for Proposal shall be issued to a maximum of top six (6) shortlisted Consultants or Consulting firms.
Attn: The Acting Procurement Manager Procurement Management Unit Insurance and Pensions Commission 160 Rhodesville Avenue, Greendale, Harare
Tel: +263 242 443422/3358/61
E-mail: procurement@ipec.co.zw
Web site: https://ipec.co.zw/
