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External Accounting Auditing Firm

Kuwait NFP is pleased to announce that the contract for providing external audit services to Kuwait NFP has been awarded to BDO Burgan.

Kuwait NFP seeks proposals (hereinafter referred to as the "Tender Offers") from Kuwaiti registered accounting auditing firms with strong international affiliation to provide a range of external accounting auditing services to Kuwait NFP within the Follow-Up Programme of the United Nations Compensation Commission (UNCC) for the Environmental Remediation Claims, pursuant to United Nations  Governing Council Decision 258 of 2005 as outlined in the Specific Terms of Reference included at Section 3 of the Tender.

International auditing firms interested in submitting a Tender Offer will only be eligible if they are represented by local authorized firms as stated above.   The Contract will be concluded between the local accounting auditing firm and Kuwait NFP.

The Tender can be obtained from the Finance Division, Purchasing Department Procurement Section of PAAC at Shamiya Area, 3rd Block, Al-Shamiya Secondary School for Boys, Shamiya District during the official working hours i.e. 7:30 AM to 2:00 PM from 24 December 2006 upon the payment of the Tender Fees of KD. 150.

The Tender Documents may also be obtained from the Kuwait NFP website after entering the firm’s email and website address. In such case, Tender Offer will not be accepted unless an original tender purchase receipt is presented with the Tender Offer. Failure to present the tender purchase receipt will result in refusal by the Kuwait NFP authorities to receive the Tender Offer.

The Tender Offer to the RFP must be prepared in English in accordance with the terms and conditions stated in Section 1: General Terms and Conditions (Arabic) also translated into English in Section 2: General Terms and Conditions (English).  Following the selection of the successful Tender Offer, the contract for accounting audit services (the "Contract") will be signed in both English and Arabic.  All clarifications and/or disputes will be settled with reference to the Arabic version of the Contract.

The Specific Terms of Reference (ToR) are presented in Section 3 of this RFP.

Background information and the Structure of Kuwait NFP are included at Section 4.

An announcement of the Tender and Tender details was also announced in the Official Gazette (Kuwait El-Youm) on 24 December 2006.

The Tender Offer must be divided into Technical and Financial proposals which each proposal inserted in separate envelopes, and to include details as follows:

1.      Technical Proposal (separate envelope)

a)       Must include a cover letter addressing the following points:

·         Name and title of the firm and its official registration;

·         The name and title of the international firm associated with the local firm and nature and type of association with proof that local firm is the official representative of the international firm, legally acknowledged or notarized by an authorized notary in the international firm's country of business or incorporation;

·         Confirmation that the submitted Tender Offer is in accordance with the conditions stated in this RFP; and

·         Confirmation that the Preliminary Insurance of 5% of the total annual Tender Offer value valid for 90 days is included in the Financial Proposal.

b)      2 original hard copies of the technical proposal.

c)       Compact Disk (CD) in Read Only Format containing the Technical Proposal submission along with the attachments.  The Technical Proposal must be in Microsoft Word Format, the attachments could be in PDF format.

2.  Financial Proposal (separate envelope)

a)       Preliminary Insurance of 5% of the total annual Tender Offer value valid for 90 days;

b)      1 original hard copy of the Financial Proposal.  The Tenderer must include a break down of the total Tender Offer value noting that all financial details are to be presented in Kuwaiti Dinars;

c)       Tenderer must fill out, sign and stamp the Arabic Declaration Form in Article 27 of Section 1 and the corresponding English Declaration Form in Article 27 of Section 2; and

d)      Compact Disk (CD) in Read Only Format containing the Financial Proposal submission along with the attachments.  The Financial Proposal could be in Microsoft Word or EXCEL Format.

Tender Offers are to be dropped in the tender box located in  the Headquarters of Kuwait NFP's Secretariat, PAAC, at the address given below no later than  2:00 pm Kuwait Local Time on Wednesday, 17 January 2007.  Kuwait NFP will give no consideration to Tender Offers submitted beyond this time and date, and/or revisions of the Technical Proposal or price modifications to the Financial Proposal after submission of the Tender Offer.

The Tender Offer shall be clearly typed in English. No striking out, erasure or interlineations in the text is allowed. Your attention is particularly drawn to Article 22 of the Law on Public Tenders with respect to the completion of the Tender Offer, and there shall be no alterations or erasures on the Tender Offer without being explained in writing and initialed.

A partial or incomplete Tender Offer shall not be considered. The Tender Offer shall be the responsibility of the Tenderer, and no relief or consideration shall be given for errors or omissions in the tendered price or proposals.

The Tenderer must submit the Technical Proposal of the Tender Offer in a separate envelope than the Financial Proposal according to details above.  All envelopes are to be sealed with red wax without stating the name of the Tenderer or any sign that might lead to the disclosure of the Tenderer identity.  The envelopes along with the Tender number and date should be addressed to:

     Dr. Adel Omar Asem

     Secretary-General of the Secretariat of Kuwait NFP

     Public Authority for Compensation (PAAC)

     Al-Shamiya District

     Block 3

     Street 33

     Old Shamiya School Building

     Opposite Shamiya Cooperative

     Kuwait

For queries related to the procurement of the Tender please contact the Finance Department during working hours on +965 484 9843.

Should you have any queries or require further clarification in relation to the RFP, e-mail your questions directly to our audit consultant Mr. Hussain Al Jassam at hjassam@kuwaitnfp.com. Questions will be answered at the discretion of Kuwait NFP.  In the alternative, you can also contact him during official working hours using the telephone/fax numbers provided below.

Telephone +965 481 8429
Fax: +965 482 2197
E-mail: hjassam@kuwaitnfp.com


© 2006, Kuwait NFP