SECURITIES AND EXCHANGE COMMISSION OF NIGERIA (SEC)

SEC Tower, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District, Abuja

INVITATION FOR BIDS

1.0 INTRODUCTION

The Securities and Exchange Commission (“The Commission”) is a statutory organization established by the Investments and Securities Act (ISA) No. 29 2007. It is empowered by the Act to regulate and develop the Nigerian capital market. In regulating the market, the Commission undertakes activities to monitor operations, maintain efficiency and integrity of the market with the aim of protecting investors.

 

As a major part of its statutory oversight responsibilities, the Commission registers market places (e.g. Exchanges), firms and individuals who participate in the market (capital market operators) as well as securities traded in the market (debt/equity). It also oversees the operational activities of public companies with a view to protecting investors’ interest.

 

Consequent upon the foregoing, capital market operators, public companies and other relevant market participants are mandated by law to render to the Commission necessary periodic returns/reports on their operational activities to enable the Commission, on a regular basis, assess their performance and financial health.

The Commission is desirous to automate its processes of registration, rendition of returns and analysis for improved efficiency and effectiveness.

 

In order to achieve the above set objectives, the Commission is soliciting for Tenders from qualified IT vendors for the provision of a software application.

 

2.0 SCOPE OF WORK

 

Details of the scope of work to be carried out are contained in the Invitation for Bids (IFB) documents and include:-

 

i) The provision and deployment of a software Application which is expected to perform the following broad online functions, among others:

a) Registration of Capital Market Operators (CMOs), sponsored individuals, securities of public companies (equity and debt instruments), collective investment schemes and mergers & takeover transactions.

 

b) Deregistration of sponsored individuals on the account of a former employer when such individual moves between firms, and subsequent re-registration at the new firm.

 

c) Rendition of relevant periodic returns based on laid down business rules.

 

d) Analysis of all returns required for critical management decisions

e) Support robust report formats (paper based, query based, web based, etc.)

 

f) Support granular access to resources by various categories of users according business rules and requirements.

 

g) Integration with various online payment platforms for the collection of relevant fees and charges.

 

h) Support possible changes in business requirements.

 

ii) Integration of the a with other relevant Applications such as Active Directory, Mail Service, Contact Center, Customer Relationship Management (CRM), Database Management (DBM), Storage Area Network (SAN), etc.

iii) Optimization, performance tuning and support for the Application including mentoring of the in house IT personnel and training of the end users.

 

3.0 GENERAL REQUIREMENTS

Interested and competent IT Vendors/Consultants wishing to carry out the above job shall submit, amongst others, the following documents:-

 

a) Evidence of registration with Corporate Affairs Commission.

b) Evidence of payment of tax for the last three (3) years as and when due.

 

c) Comprehensive company profile including registered address, functional contact email address, GSM phone number(s), and detailed resume of relevant staff.

 

 

d) Previous, verifiable evidence of experience on similar projects successfully executed in an organization similar in size and complexity to the SEC (evidence of verifiable certificate of completion should be provided).

 

e) Reference letter from bank stating financial ability to carry out projects(s).

 

f) Three (3) years Company’s audited statement of accounts.

 

g) Internationally recognized certification in the solution they intend to provide.

 

h) Evidence of compliance with the requirements of the Pension Reform Act, 2004.

 

4.0 COLLECTION OF BID DOCUMENT

Interested and competent IT Firms wishing to carry out the above job should collect the Invitation for Bid (IFB) documents from the Secretary of the Commission’s Tenders Board, Administration Department, Head Office, Sec Tower, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District, Abuja upon the payment of a non-refundable fee of N100,000.00 (One Hundred Thousand Naira Only). Payment should be in Bank Draft and made payable to SECURITIES AND EXCHANGE COMMISSION OF NIGERIA.

 

5.0 SUBMISSION OF BIDS

 

The submission of bids will be in two separate envelopes as follows:

 

A. The General Requirements and the Technical Bid should be submitted in a sealed wax envelope clearly marked “TECHNICAL BID FOR THE PROVISION OF E-REGISTRATION AND E-RETURNS APPLICATION” at the top left hand corner.

 

B. The Financial Bid should be submitted in another sealed wax envelope to be clearly marked “FINANCIAL BID FOR THE PROVISION OF E-REGISTRATION AND E-RETURNS APPLICATION” at the top left hand corner.

 

 

          and to be addressed to:

The Secretary,

Tenders Board,

Securities and Exchange Commission,

Ground Floor, SEC Tower,

Plot 272, Samuel Adesujo Ademulegun Street,

         Central Business District, Abuja

 

CLOSING DATE

All submissions must be received at the above address not later than six (6) weeks from the date of publication. Please note that no bids shall be accepted after 4.00pm on the closing date.

 

OPENING DATE

The Technical Bids shall be opened on Thursday 18th October, 2010 by 10.00am at the SEC’s Head Office, Abuja.

 

Bidders, NGOs and the public are invited to the bid opening.

ENQUIRIES

All enquiries on this advertisement are to be directed to:

The Secretary,

Tenders Board,

Securities and Exchange Commission,

Ground Floor, SEC Tower,

Plot 272, Samuel Adesujo Ademulegun Street,

         Central Business District, Abuja+234 802 0602 877, +234 803 3115 369 or +234 805 3441 350

   Time: 10.00 am – 4.00pm daily on working days

    IMPORTANT NOTICE

i. Only successful pre-qualified bidders will have their Financial Bids opened on a date that will be communicated to all bidders to attend.

ii. Nothing in the advert shall be construed to be a commitment on the part of SEC nor shall it entail any bidder to make any claim(s) whatsoever and seek indemnity from SEC by virtue of the bidder having responded to this advertisement.

 

          Signed

MANAGEMENT 

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