REQUEST FOR EXPRESSIONS OF INTEREST (REOI) FOR CONSULTANCY SERVICES TO DEVELOP AND PRODUCE PUBLIC INVESTMENT POLICY FOR CAPITAL PROJECTS INCLUDING COSTING AND DEVELOPMENT OF APPRAISAL TOOLS FOR AN EFFICIENT PUBLIC INVESTMENT MANAGEMENT IN SIERRA LEON

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MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT, GEORGE STREET, FREETOWN, SIERRA LEONE

GOVERNMENT OF SIERRA LEONE

REQUEST FOR EXPRESSIONS OF INTEREST (REOI) FOR CONSULTANCY SERVICES TO DEVELOP AND PRODUCE PUBLIC INVESTMENT POLICY FOR CAPITAL PROJECTS INCLUDING COSTING AND DEVELOPMENT OF APPRAISAL TOOLS FOR AN EFFICIENT PUBLIC INVESTMENT MANAGEMENT IN SIERRA LEONE.

(INDIVIDUAL CONSULTANT SELECTION)

Country: Republic of Sierra Leone

Name of Project: Public Financial Management Improvement and Consolidation Project (PFMICP)

Credit/Grant Numbers: IDA Credit Number 5350-SL, TF Grant Number 17201-SL and AfDB-2100155027317

Assignment TitleConsultancy Services to Develop and Produce Public Investment Policy for Capital Projects including Costing and Development of Appraisal Tools for an Efficient Public Investment Management in Sierra Leone.

Reference No.: MoFED/PFMICP/PMU/IC/001/2016

Date of Issuance: Thursday 12th May, 2016

1.0        Source of Funds

The Government of Sierra Leone has received funding in the amount of Twenty Eight Million, Five Hundred Thousand United State Dollars ($28,500,000) from  International Development Association IDA of the Word Bank, Multi-Donor Trust Funds (MDTF) –  European Union (EU), DFID and pool funding from the AfDB  towards the cost of Public Financial Management Improvement and Consolidation Project and intend to apply part of the proceeds of the funding for eligible payment under the contract for Consultancy Services to Develop and Produce Public Investment Policy for Capital Projects including Costing and Development of Appraisal Tools for an Efficient Public Investment Management in Sierra Leone.

2.0        Objective of the Assignment

The overall objective of the assignment is to develop a public investment policy to enhance the Public Investment Management Unit (PIMU) in the Ministry of Finance and Economic Development to improve on the preparation and prioritization of the public investment program, including appraisal tools for design and costing of capital projects. 

2.1          Objective(s) of the Exercise

Specific objectives of the exercise may include the following:

a. Provide the mechanism and framework to coordinate all investment drives and platform for analytical and systematic derivation of investment priorities. 

b.     Establish clear processes and procedures in delivering Public Investments.

c. Streamline roles and responsibilities of Ministries Departments and Agencies (MDAs), including local governments and the wider stakeholders in the delivery of public investment

d. Strengthen the link between National Development Policy Strategy (Agenda for Prosperity) and delivery of public investment through budget implementation.

e.  Define and strengthen adherence to the project cycle, whiles establishing instruments and techniques public projects.

2.2 Justification for the assignment 

Public investment in Sierra Leone is undoubtedly very key for development and growth. Based on this knowledge it is very much desirable to develop public investment policy that will help to enhance growth and higher returns on public investment. Public investment policy will strengthen decision makers in public investment to make the right decisions on the desirable and the most effective allocation of public resources.

The policy shall re – enforce high level of transparency which the government has been promoting in the management of public investment, especially in capital spending. The policy shall incorporate robust analytical functions to generate readily available data on public investment for planning and decision-making process

3.0 Brief Description and Tasks to be performed by Consultant (Scope of assignment)

It will be critical to have close consultations between the public and private sectors in the process of developing the policy framework for the public investment management unit.  This is particularly important in light of the fact that the concept of a standalone PIM outside of both the Ministry of Works and NPPA is new to Sierra Leone. The PIMU will enhance a structured, regular dialogue mechanism between GoSL and private sector around the policy agenda. The mechanism for dialogue will be structured to build institutional knowledge and process for consultation as an important function for the PIMU.

The key deliverable or output is a Public Investment Policy that may include the following:

·        Guidelines for the design and costing of domestic capital projects.

·        Recommendations for support for MDAs on project design and costing.

·        Raise awareness and guidelines on private sector participation in public investment and capital projects.

4.0 Duration of the Assignment is Forty Five Man days

The Public Financial Management Improvement and Consolidation Project (PFMICP) now invites eligible Individual Consultants to indicate their interest in providing the services. Interested individual consultants should provide information demonstrating that they have the required proven track-record in enhancing public investment management reforms including first-hand experience in public financial management / policy reform programmes in the Ministry of Finance or Planning.  Specifically, the Consultant must have:

·    Advance University degree in Economics, Public Finance, Law, Project Management, Public Policy and related fields.

·        Minimum ten (10) years experience in public sector development, either as policy maker, advisor etc.

·        Applied experience with designing and costing public investment projects.

·        International experience, preferably in Africa, with public investment management reforms.

·        Strong organizational and interpersonal relationship skills.

·        Excellent presentation skills.

·        Exhibit outstanding skill in analysis

·        Good organization and presentation skills

·        Timeliness

·        Delivery of stipulated outcomes as stated in the assignment

·        Fluency in English

5.0     Selection Criteria

The short listing criteria are:

(i)                Individual Consultant’s experience relevant to the Assignment

(ii)             Competency/Qualification of the Individual Consultant relevant to the Assignment

This REoI will lead to the preparation of Short list of Consultants

The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank’s Guidelines: Selection and Employment of Consultants under IDA Grants by World Bank Borrowers, (January 2011). (“Consultant Guidelines”), setting forth the World Bank’s policy on conflict of interest. The Consultant will be selected in accordance with   Individual Consultant (IC) method set out in the Consultant Guidelines.

The consultant is expected to be on board by 16th June, 2016

Further information can be obtained at the address below during office hours 0900 to 1700 hours Sierra Leone time.

Expressions of interest must be delivered in a written form to the address below in person or e-mail, at 5 pm on Monday 30th May, 2016.

 The Project Director

The Public Financial Management Improvement and Consolidation  Project

 Ministry of Finance and Economic Development

 3rd Floor, Sierra Leone Commercial Bank Building

 35A Lightfoot Boston Street

 Freetown, Sierra Leone

Attn: The Project Director

Tel:+232-22 220 146; Cell: + 232 79 358 317  

E-mails: pfmicpmu@mofed.gov.sl; and mofedpfmicp@gmail.com