Local Road Asset Management Program: Consulting Services for Audit of Financial Statement and Independent Verification of Disbursement Linked Indicators

Project ID: P155086

Project: P155086 - Local Road Asset Management Program

Borrower/Bid No: CS1

Scope of Contract: Consulting Services for Audit of Financial Statement and Independent Verification of Disbursement Linked Indicators. The scope of work for the consulting services consists of the following:

i) Audit of LRAMP Financial Statements
The audit of LRAMP Financial Statements includes the following:

*Audit of Annual Financial Statements in 14 provinces participating in the Road Program;
*Audit of Annual Financial Statements in 04 specialized PMUs managing the Bridge Program in 50 participating provinces;
*Audit of Annual Financial Statements for Technical Assistance Project managed by PMU6; and
*Audit of annual report prepared by MOF for the Designated Account (USD) opened by MOF atthe Transaction Center of State Bank of Vietnam to receive the funds for the Road and Bridge Programs.

ii) Independent verification of DLIs

It is expected that DLIs will be annually verified by the Consultant for the purpose of disbursement for the works performed in the previous year and accordingly the DLI verification report will be sent before 30 June on annual base.

The Consultant will be responsible for verifying all DLIs based on the physical verification and review of program documents. The physical verification will be conducted on the basis of random sampling with the minimum probability rate of 15% for the work items financed by LRAMP (for both Road and Bridge) and 5% for the work items financed by the provincial fund.

The Consultant will conduct audit and prepare reports based on the fiscal years for the Services in the following 07 periods:

*Phase 1: From the beginning of the Program to the end of 31 December 2017;
*Phase 2: From 1 January 2018 to 31 December 2018;
*Phase 3: From 1 January 2019 to 31 December 2019;
*Phase 4: From 1 January 2020 to 31 December 2020;
*Stage 5: From 1 January 2021 to 31 December 2021;
*Stage 6: From 1 January 2022 to 31 December 2022; and
*Stage 7: From 1 January 2023 to the end of the grace period of the program (30 June 2023 or at any time if any amendment.

Duration of Contract: 6.5 Year(s)