HUGE OPPORTUNITIES IN TENDER - GET HINT

All most every day federal tenders are publicised in dailies and some specialised journals for interested contractors to tender their bids. They are the largest spender on capital projects that cost trillions naira for the benefits of the people in different ways. I will not like to delve into its positive economic impact on the macroeconomy because we are not in economics class. But tender business, many contractors are gaining massively from getting the contract.

Erase it off from your mindset that it is only those who know people in government win the award due to Nigerian factor: like nepotism, favouritism, and corruption. I can tell you that I have some clients who do not know anybody in the government but still get contracts. What won them the contract are primarily having necessary documents and their experience.

Let us leap backwards a bit to yesteryears like 10 or 7 years back when the processing for public tender was racketeered. Prospective bidders were used to asking to pay a humongous sum of money and even have to bribe to get just tender documents. Even, at the end of the day, you would get correct tender documents and let alone getting the contract.

Also, the State Governments do their procurement through public tender and have their requirements too for eligibility. I can tell you boldly that it is easier to get business from the Federal Government than the state. The latter is too strict with their process.

Nowadays, the Procurement Act is properly implemented through the Bureau of Public Procurement that is vested with the responsibility to register prospective contractors who have statutory documents and to ensure that all bidders are given a fair play level of participation in the public tender.

For a prospective bidder to be eligible for bids for procurement the documents stated below must be possessed:

1.      Evidence of Certificate of Incorporation, including Memorandum and Article of  Association, Forms CAC 2 and CAC 7( or CAC 1.1).

2.      Evidence of Company’s Income Tax Clearance Certificate for the last three years. Valid 31st December 2020

3.      Current Pension Compliance Certificate

4.      Evidence of Current Industrial Training Fund Compliance

5.      Evidence of National Social Insurance Trust Fund (NSITF) Compliance Certificate

6.      Evidence of Registration on the National Database of Federal Contractors. Consultants and Service Providers by submission of Interim Registration Report (IRR)

7.      Sworn Affidavit disclosing that whether or not any officer of the committee of the procuring entity or BPP or is a former or present shareholder, director, or has any pecuniary in the bidder and confirms that all information presented for the bid are true and correct.

8.     Unabridged Company’s Audited Report for the past last three years. EG (2019,2018,2017)

9.      Evidence of financial capability to execute the project by submission of reference letter from a reputable commercial bank in Nigeria indicating the willingness to provide credit facility for the execution of the project when needed.  That the company does not have at any time of this bid having any existing loan of a financial liability with the ban or any other financial institutions or third party. That none of the directors of the company has been convicted in any country for criminal offences related to fraudulent or corrupt practices or criminal representation or falsification of facts relating to any matter.

10.    Veritable documentary evidence of at least three projects of similar nature and complexity  comparable to the work under consideration for the last five years.

11.   Company Profiles with the curriculum Vitae of Key staff or professional with photograph passport.

 

 

If you are interested in regularizing your company to be eligible to bid and do business with the government and want to process some documents you are not having, that is the reason we are here to help you.

 

Also, the State Governments do their procurement through public tender and have their requirements too for eligibility. I can tell you boldly that it is easier to get business from the Federal Government than the state. The latter is too strict with their process.

In the next post, all documents required by the government will be explained one by one and how to go about it