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Tender description :
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Request For Expressions Of Interest Consultancy services for legal drafting of secured transactions and collateral regulations.
Request for expressions of interest
the government of barbados (gobd) has received financing from the caribbean development bank (cdb) in an amount equivalent to five hundred and sixty thousand united states dollars (us$560,000) towards the cost of the creation of an enabling environment for movable asset-based financing in barbados by modernizing the secured transaction legal and infrastructure system project and intends to apply a portion of the proceeds to eligible payments under this contract. payment by cdb will be made only at the request of gobd and upon approval by cdb, and will be subject, in all respects, to the terms and conditions of the grant agreement. the financing agreement prohibits a withdrawal from the financing account for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of cdb, is prohibited by a decision of the united nations security council taken under chapter vii of the charter of the united nations. no party other than gobd shall derive any rights from the financing agreement or have any claim to the proceeds of the financing.
the ministry of energy, business development and consumer affairs is the executing agency of this project and now wishes to procure consultancy services for legal drafting of secured transactions and collateral regulations.
the objective of the consultancy is to support the drafting of a secured transactions bill and barbados collateral registry regulations that comply with international best practices and are tailored to barbados’ legal and institutional context. further details can be found in the attached terms of reference. the duration of the assignment is expected to be for a period of one hundred and eighty (180) working days over a three-year (3) period.
the ministry of energy, business development and consumer affairs now invites interested eligible consulting firms to submit expressions of interest (eoi) for the provision of these consultancy services.
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