Mauritius: The FSPA Launches Invitation For Proposals With Respect To The Mauritius International Derivatives And Commodities Exchange (MINDEX)

Last Updated: 10 January 2017
Article by FSPA  

INVITATION FOR PROPOSALS
FINANCIAL SERVICES PROMOTION AGENCY
In accordance with Section 16(1) of the Public Procurement Act 2006

FSPA/PRO/2016-17/030
CONSULTANCY SERVICES FOR THE MAURITIUS INTERNATIONAL DERIVATIVES AND COMMODITIES EXCHANGE

OPEN ADVERTISED BIDDING (INTERNATIONAL)

1. Eligibility

The Financial Services Promotion Agency (FSPA) is inviting Proposals from eligible and qualified Consultants / Consultancy Firms, local and overseas, to provide Consultancy Services as per Invitation for Proposals FSPA/PRO/2016-17/030 with respect to the MAURITIUS INTERNATIONAL DERIVATIVES AND COMMODITIES EXCHANGE (MINDEX).

MINDEX is a Government-led project under the 2016 Budget and will be the first exchange to combine a derivatives' platform and a commodities' platform for spot trading of gold, diamonds and other precious stones in the region. The MINDEX project will therefore transform Mauritius into an international trading centre and will further act as an enabler in creating tangible and sustainable spillovers to the economy.

A Consultant / Consultancy firm will be selected under Quality and Cost Based Selection and procedures described in the document for Open Advertised Bidding, in accordance with the policies and procedures for public procurement in the Republic of Mauritius.

2. Scope of Works

The services to be provided by the Consultant shall comprise the following services as defined in the Terms of Reference of the Bidding Document:

  1. A thorough assessment and feasibility of the project.
  2. A proposal for the corporate structure of the MINDEX
  3. A proposal for the financing and business model of the MINDEX;
  4. An assessment of the current legal and regulatory framework with regards to the MINDEX along with proposal for amendments;
  5. Develop a framework for collateral management operations and infrastructure
  6. Thorough assessment of training needs
  7. Drafting of EOI to invite investors

The consultancy services shall include the preparation of a technical report, the necessary corporate structure of the MINDEX project and the preparation of Expression of Interest documents.

3. Consultation of Open Advertised Bidding (OAB) Documents

OAB Documents shall be downloaded from the Public Procurement Portal: http://publicprocurement.govmu.org

4. Submission of Proposals

Technical and Financial Proposals must be submitted separately in two sealed envelopes, marked Technical Proposal and Financial Proposal, respectively for:

FSPA/PRO/2016-17/030 - CONSULTANCY SERVICES FOR THE MAURITIUS INTERNATIONAL DERIVATIVES AND COMMODITIES EXCHANGE.

shall be addressed to:

Financial Services Promotion Agency
Bid Box of Bid Opening Room
12TH Floor
SICOM Tower
Wall Street, Ebene
Mauritius

And shall be deposited in the Bid Box situated at the 12th floor of the aforesaid office on 6th February 2017 up to 11.00 hrs (local time) at latest.

Proposals received after the specified time and date will not be considered. The envelopes containing the proposals should clearly indicate the name and business address of the Consultant / Consultancy firm to enable all late submissions to be returned unopened.

5. Opening of Proposal

Prospective Consultancy Firms are hereby informed that proposals will be opened in the presence of Consultants/ Consultancy Firms/representatives who choose to attend at the Bid Opening Room, 12th Floor (SICOM Tower) of the Financial Services Promotion Agency, Wall Street, Ebene, Mauritius on the closing date for the submission of the proposals, 6th February 2017 at 11.05 hrs (local time).

6. Right to accept/reject any Proposal

The Financial Services Promotion Agency reserves the right to accept or reject any Proposal and to annul the bidding process and reject all Proposals at any time prior to award of the Contract, without thereby incurring any liability to the Consultant/ Consulting Firm.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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