Procurement Notice

The Caribbean Development Bank (CDB) is inviting qualified consultants to submit an Expression of Interest and Statement of Capability to assess CDB’s risk management processes by identifying the principles at work in CDB’s risk management process, and then evaluate whether those principles are appropriate and effective.  The overall objective of the assessment is to provide insight to senior management and the board regarding the maturity of the organisation’s risk management and whether it corresponds to their expectations when the risk management framework was established in 2012.

Consideration will be limited to qualified consultants which are legally incorporated or otherwise organised in an eligible country and have their principal place of business in an eligible country. In all cases, the supplier should have no arrangement and undertakes not to make any arrangement whereby any substantial part of the net profits or other tangible benefits of the contract will accrue or be paid to a person or persons not a citizen(s) or bona fide resident(s) of an eligible country.

For the purposes of this engagement, eligible countries are CDB Member Countries.

CDB hereby invites qualified consultants who are interested in undertaking these services, to submit information in the questionnaire mentioned below and in addition their Expression of Interest must provide information to satisfy the following requirements:

1. have the ability to conduct the audit following the standards and Guidance included in the International Professional Practices Framework;

2. have the ability to conduct the assessment based on the Risk Management professional standards framework or the ISO 31000 international standard for effective risk management; and

3. be experienced in performing risk management assessment for multilateral banks and/or international commercial banks.