Request for Proposal (RFP): External Audit Services - Bright Future Transport Share Company
Bright Future Transport S.C.
REQUEST FOR PROPOSAL (RFP): EXTERNAL AUDIT SERVICES
1. Introduction
Bright Future Transport Share Company is Grade1 Cross Border Freight Transport Company. In accordance with our Articles of Association, the company is seeking comprehensive technical and financial proposals from qualified, licensed certified public audit firms to conduct the annual statutory financial audit for three (3) consecutive fiscal years: 2026/27, 2027/28, and 2028/29.
2. Scope of Work & Deliverables
The selected auditor will be required to perform the audit in accordance with International Standards on Auditing (ISA) and the financial statements prepared under IFRS (International Financial Reporting Standards).
The annual deliverables for each of the three years include:
- Statutory Audit Report.
- Management Letter.
- Tax Compliance Review.
3. Special Technical Bid Requirements
Given the nature of a Transport Share Company, bidders must explicitly demonstrate the Sector Experience, Asset Verification Strategy and Continuity of Staff in their technical submission.
4. Financial Bid Structure
Bidders must submit a fixed-price proposal broken down by year. To prevent unexpected cost escalations over the three-year term, price increases due to inflation or scale must be built into Years 2 and 3 upfront.
| Fee Breakdown | Year 1 (2027) | Year 2 (2028) | Year 3 (2029) | Total 3-Year Fee |
| Audit Professional Fees | ||||
| VAT / Applicable Taxes | ||||
| Total Annual Bid Price | [Currency] | [Currency] | [Currency] | [Currency] |
5. Specific Multi-Year & Legal Clauses
Term and Performance Clause:
“Pursuant to the Company’s Articles of Association, the contract shall be awarded for a fixed term of three (3) consecutive fiscal years. However, the continuation of the contract into Year 2 and Year 3 is strictly contingent upon satisfactory performance in the preceding year, approval by the Board of Directors, and formal endorsement by the General Assembly of Shareholders.”
Price Certainty and Variation:
“All prices quoted in the financial proposal must remain firm, fixed, and binding for the duration of the three-year period. No requests for fee adjustments or inflationary increases will be entertained during the term of the agreement.”
6. Bid Evaluation Criteria
Proposals will be evaluated using a two-stage process: Technical (60%) and Financial (40%).
7. Address
Addis Ababa, N/S/L/ Cub City ;Lebu Mebrat, Beside Zemen Fule Station at kalbe Building ,3rd Floor, Room #303, Telephone # 0912697475/0929907021
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