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Tender for Expenditure Verification of a Grand Contract

with European Chamber Of Commerce In Cambodia (Eurocham)
This job has already passed the closing date
Invitation for Bids

BTDC-ID: 8175
Closing Date:

Bid Components

Tender for Expenditure Verification of a Grand Contract

Announcement Description

The European Chamber of Commerce in Cambodia (Cambodia) was created in 2011 by the existing French, German and British business associations to act as the official chamber of the European business community in the Kingdom. Since then, it has grown to over 350 members and 6 national chapters, comprising 11 European countries. EuroCham Cambodia has become the largest foreign business association within Cambodia. The core activities of the Chamber are to promote, support and represent its members and European business interests in dialogue with the Royal Government of Cambodia, with the aim of developing a more efficient and fertile business and investment environment. It has also a mandate to provide trade facilitation services aimed at increasing and enhancing European investment in Cambodia.

The Grant Contract ICI+ – 2014/345-039, was signed in August 2014 between the Head of the EUD and the Chairman of the EuroCham, both in Cambodia. The grant’s objective was to contribute to the implementation of the action entitled Support to the European Chamber of Commerce in Cambodia, which officially began on 1st September 2014, with a foreseen execution period of 77 months. The total eligible costs were estimated at €3.06M out of which the EU committed to finance a maximum amount of €2.45M (80% of total eligible costs) and EuroCham Cambodia committed to contribute the remaining €0.61M.

Bid Components

Tender for Expenditure Verification of a Grand Contract

  • Career Category: Invitation for Bids
  • Location: Phnom Penh

Scope of Work

EuroCham Cambodia is now looking for the independent Audit firm/agencies to provide an expenditure verification service of a grand contract for an external action concerning Support to European Chamber of Commerce in Cambodia (ICI+I 2014 I 345-039).  

The objective of the service is to conduct the Final Expenditure Verification, Financial Report in connection with the Grant Contract for the period covering 1st Sep 2019 to 31st Aug 2020 and 1st Sep 2020 to 13th Feb 2021. 

The Auditor will carry out the specific procedures listed in Annex 2A in the ToR and to submit to the EuroCham a report of factual findings with regard to the specific verification procedures performed. Verification means that the Auditor examines the factual information in the Financial Report of EuroCham and compares it with the terms and conditions of the Grant Contract.

The Auditor shall undertake this engagement in accordance with:

  • The International Standard on Related Services (‘ISRS’) 4400 Engagements to perform Agreed-upon Procedures regarding Financial Information as promulgated by the IFAC;
  • The IFAC Code of Ethics for Professional Accountants, developed and issued by IFAC’s International Ethics Standards Board for Accountants (IESBA), which establishes fundamental ethical principles for Auditors with regard to integrity, objectivity, independence, professional competence and due care, confidentiality, professional behaviour and technical standards. Although ISRS 4400 provides that independence is not a requirement for agreed-upon procedures engagements, the Contracting Authority requires that the Auditor is independent from the Beneficiary(ies) and complies with the independence requirements of the IFAC Code of Ethics for Professional Accountants.

Submission Requirements

How to apply: Tenders are suggested to submit their technical proposal to procurement selection committee using email provided in the contact detail. The application shall be submitting no later than the closing date. Only shortlisted tender will be contacted.

Supporting Documents to be submitted:

  • CV of expert/consultants/agency supporting document
  • Proposed technical work plan/activities
  • Ongoing or completed similar previous assignments (in electronic copy)
  • References with contact details

Important Note: By signing contract, the bidder confirms has a complete understanding of the requirement and fully intends to deliver service that comply with the requirement. For more detail, please download and go through ToR as attached.

 
Attachment
 

Contact Details

Office Address
  • Bred Bank Building 30, 3rd floor, Preah Norodom Blvd, Sangkat Chakto Mukh, Khan Doun Penh, Phnom Penh, Cambodia
 
Contact Name
  • Mr. Denis SAINTE-MARIE, Executive Director
 
Email