Business Updates

Seychelles Chamber Of Commerce & Industry

DEVELOPMENT BANK OF SEYCHELLES


PRESS NOTICE

PROCUREMENT OF SERVICES FOR IMPLEMENTATION OF IFRS9


The Development Bank of Seychelles has to implement the new accounting standard IFRS9 to replace IAS39. The scope of work will comprise of the following:-

Review of:-
Assessment of
  1. Gaps w.r.t. IFRS 9 and outline of steps / work to be conducted to achieve IFRS 9 compliance
  2. In particular, specification of required adjustments / enhancements to existing models and infrastructure as well as specification of required model developments for IFRS 9
  3. In particular, establishment of a high-level development approach for PD, LGD, EAD, SICR and ECL calculation at DBS

The Development Bank of Seychelles wishes to inform that it will be undertaking the procurement for a service provider to meet the above-mentioned deliverables through Limited Bidding under Clause 61 2 (a) of the Public Procurement Act 2008. This is on the grounds that there are limited number of sources.

The proposed shortlisted bidders are as follows:

  1. BDO Associates
  2. True North Partners

Any other potential bidder requiring information on this procurement or wishing to participate in the same may contact the following person no later than Wednesday 02nd May 2018 at 3.00p.m:

Mr. Roy Charlette
Development Bank of Seychelles, Independence Avenue
Tel: 4294400 (office hours only).

Development Bank of Seychelles reserves the right not to accept the lowest or any other bid.