Road Sector Development Project: Consultancy Services for provision of support to facilitate implementation of reforms in Ukraine’s road

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – FIRMS SELECTION)  

Ukraine 

ROAD SECTOR DEVELOPMENT PROJECT 

Loan No.: 8549-UA 

Assignment Title: Consultancy Services for provision of support to facilitate implementation of reforms in Ukraine's road sector.

Reference No.: CS-16

BACKGROUND

The State Road Agency of Ukraine (Ukravtodor) has received financing from the World Bank toward the cost of the Road Sector Development Project, and intends to apply part of the proceeds for consulting services.

PURPOSE OF ASSIGNMENT

As the ultimate goal, the proposed project aims at reorganization of DAK through accession of its subsidiaries in accordance with Restructuring Strategy proposed by DAK and respective Restructuring Action Plan, which would provide for efficient management and operation of DAK with its subsequent privatization.

The project entails engaging of financial/tax/legal/technical/business experts to conduct comprehensive analysis of the Group, providing comprehensive overview of a current status ofactivities of State Joint Stock Company "Roads of Ukraine" and its subsidiaries, mapping risks detected and providing advice on the mitigation thereof, and finally providing strategic advice which will assist the management and other stakeholders in their decision on how to proceed with the Group.

It is expected that the overall project will be coordinated by financial/tax consultant (hereinafter – the "Leading Consultant"), which will be responsible for coordination of legal, technical and business support; will put together consolidated records on the project, as well as will put together all parts of analysis and advice, and will subsequently release consolidated report and advice on the project.

SERVICES DURATION

The assignment is expected to commence from the moment of signing of the Contract and will last for 4 months with possible extension for up to 3 months to perform additional tasks as per Phase II.

ELIGIBILITY

The Ukravtodor now invites eligible consulting firms ("Consultants") to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services.

The Consultant shall be a company or a joint group of consultants with at least one member, who meets each of the following qualifications:

-         Company or member will be listed in the Register of Audit companies and Auditors of Ukraine that meets the requirement of the CMU Regulation No 390 dated June 4, 2015 with annual revenue not less than UAH 30 million starting from January 1, 2014 and has experts with corresponding qualifications and experience, necessary for performance of the assignment.

-         For the Financial and Tax due diligence shall have 100 or more employed specialists, who are directly involved in providing of audit services and work full-time. Financial consultant shall have 5 or more specialists, who have a certificate proving their qualification in Ukraine, at least 15 members of the Leading Consultant's staff shall possess international accounting certificates issued by ACCA, AICPA or ICAEW which prove full certification program passed. It is desirable that the financial consultant shall have an experience in providing audit services to road maintenance companies, in particular audits or other audit services to 2 or more road maintenance companies in the past 3 years.

Selection criteria

-       experience with conducting financial and tax due diligence under both statutory and internationally recognized methodology;

-       detailed knowledge of the international and Ukrainian corporate law as well as the law-making process in Ukraine;

-       technical expertise in the area of road construction, road fleet management and relevant machinery engineering.

The Consultants may associate with other companies in a form of a joint enterprise or sub-consultancy for the purpose of meeting the qualifications criteria. The Employer supports associations of consultants possessing international experience and knowledge of international practice, with Ukrainian organizations. Interested consultants should clearly indicate the structure of their "association" and the duties of the partners and sub consultants in their application. Unclear expression of interests in terms of "in association with" and/or "in affiliation with" etc. may not be considered for short listing.

The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank's Guidelines: Selection and Employment of Consultants under IBRD Loans and IDA Credits and Grants by World Bank Borrowers" dated January 2011 (revised July 2014) ("Consultant Guidelines") setting forth the World Bank's policy on conflict of interest.

A Consultant will be selected in accordance with the Quality- and Cost-Based Selection (QCBS) method set out in the Consultant Guidelines.

Further information may be obtained at the address below during office hours from 09.00 to 18.00 of Kyiv time.

Expressions of interest to be clearly marked "CS-16 – Consultancy Services for provision of support to facilitate implementation of reforms in Ukraine's road sector" must be delivered in a written form to the address below (in person, or by mail) on or before 12:00 (Local time) 07.09.2018 (7 September 2018)

State Road Agency of Ukraine (Ukravtodor)

Attn: Slawomir Nowak, Acting Head

9 Fizkultury Str., office 508

Kyiv 03150,  Ukraine

Tel/fax: +38 044 2876000