Overview
REQUEST FOR EXPRESSIONS OF INTEREST
The Government of Barbados (GOBD) has received financing from the Caribbean Development Bank (CDB) in an amount equivalent to Five Hundred and Sixty Thousand United States Dollars (US$560,000) towards the cost of the Creation of an Enabling Environment for Movable Asset-Based Financing in Barbados by Modernizing the Secured Transaction Legal and Infrastructure System Project and intends to apply a portion of the proceeds to eligible payments under this contract. Payment by CDB will be made only at the request of GOBD and upon approval by CDB, and will be subject, in all respects, to the terms and conditions of the Grant Agreement. The Financing Agreement prohibits a withdrawal from the financing account for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of CDB, is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations. No party other than GOBD shall derive any rights from the Financing Agreement or have any claim to the proceeds of the Financing.
The Ministry of Energy, Business Development and Consumer Affairs is the Executing Agency of this Project and now wishes to procure consultancy services for legal drafting of secured transactions and collateral regulations.
The objective of the consultancy is to support the drafting of a Secured Transactions Bill and Barbados Collateral Registry Regulations that comply with international best practices and are tailored to Barbados’ legal and institutional context. Further details can be found in the attached Terms of Reference. The duration of the assignment is expected to be for a period of one hundred and eighty (180) working days over a three-year (3) period.
The Ministry of Energy, Business Development and Consumer Affairs now invites interested eligible consulting firms to submit Expressions of Interest (EOI) for the provision of these consultancy services.
Eligibility
Consultants shall be eligible to participate if:
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in the case of a body corporate, it is legally incorporated or otherwise organised in an eligible country, has its principal place of business in an eligible country and is more than 50 per cent (50%) beneficially owned by citizen(s) and/or bona fide resident(s) of eligible country(ies) or by a body(ies) corporate meeting these requirements;
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in the case of unincorporated firms, the persons are citizens or bona fide residents of an eligible country; and
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in all cases, the consultant has no arrangement and undertakes not to make any arrangements, whereby any substantial part of the net profits or other tangible benefits of the contract will accrue or be paid to a person not a citizen or bona fide resident of an eligible country.
Eligible countries are member countries of CDB. Consultants are advised to review the detailed eligibility criteria detailed in Section 4 and conflict of interest provisions in Section 5 of the of the Procurement Procedures for Projects Financed by CDB (November, 2019) or the Procurement Procedures for Projects Financed by CDB (January, 2021), as published on CDB’s website.
In the assessment of submissions, consideration will be given to technical competence, qualifications and experience, local and regional experience on similar assignments, financial capability, and existing commitments. Key Experts will not be evaluated at the shortlisting stage.
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Occasionally contracts may be financed out of special programmes that would further expand the number of eligible countries or restrict eligibility to a particular group of member countries. When this is the case, it should be mentioned in this paragraph.
Instructions
Interested consultant teams are required to submit their Expression of Interest using the “EOI Consulting Firms template” attached to this REOI. The EOI must be submitted only electronically, via the Government of Barbados (GOBD) electronic procurement system. One electronic copy must be sent simultaneously to CDB at the email address provided in the table below.
The deadline for submission of the Expressions of Interest is: 11:30 p.m. (AST) Wednesday, November 11, 2026.
All information must be submitted in English. All interested applicants must first register on the portal in order to submit their EOIs by accessing the following link https://gov-bb.bonfirehub.com/portal/?tab=openOpportunities
Queries on the REOI may be submitted using the messaging feature of the e-procurement portal.
Applicants having challenges during the registration process may contact the GOBD at this address: gpdhelpdesk@barbados.gov.bb
Following the assessment of submissions, a short-list of not less than three (3) and not more than six (6) applicants will be provided with full Terms of Reference and invited to submit technical and financial proposals to undertake the assignment. GOBD reserves the right to amend the present invitation prior to the submission deadline or cancel it in its entirety. GOBD will not be bound to assign any reason for not selecting any applicant and will not defray any costs incurred by any applicant in the preparation and submission of Expressions of Interest.
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When drafting the REOI and the TOR, the Client should also prepare an Expression of Interest Submission Template. The latter should be tailored by the Recipient to the specifics of the assignment in question and can be downloaded from CDB’s website at: 20230626_CDB EOI_Consulting Firms-template v1.docx (live.com) It will be included as an attachment to this REOI. For REOIs advertised in newspapers locally or nationally, the EOI submission template may be requested by the interested consulting firms directly from the Recipient, and wording in this REOI shall be modified accordingly.