Vault Management System (VMS) for CBS

Scope as published

Request for Proposal (Single Stage - two Envelopes with Rated Criteria) Development, Supply, implementation, integration, training, commissioning, and support engagement for the provision of a Central Bank Vault Management System Central Bank of Somalia Purchaser : Ministry of Finance, Federal Government of Somalia Project : Somalia Productive, Resilient, and Inclusive Growth (SPRING) Contract title : Development, Supply, Configuration, and Implementation of Vault Management System (VMS) f or Central Bank of Somalia Country : The Federal Republic of Somalia Grant No .: P501662 RFP No: SO-MOF-576063-NC-RFP The Federal Government of Somalia has received a loan from the World Bank toward the cost of the SPRING, and it intends to apply part of the proceeds toward payment under the contract for Development, Supply, Configuration, and Implementation of Vault Management System (VMS) for Central Bank of Somalia . For this contract, the Borrower shall process the payments using the Direct Payment disbursement method, as defined in the World Bank's Disbursement Guidelines for Investment Project Financing, except for those payments, which the contract provides to be made through letter of credit. The Ministry of Finance of Somalia now invites sealed Proposals from eligible Proposers for Development, Supply, Configuration, and Implementation of Vault Management System (VMS) f or Central Bank of Somalia. The procurement process will be conducted through international competitive procurement using Request for Proposals (RFP) as specified in the World Bank's "Procurement Regulations for IPF Borrowers" July 2016, revised November 2017, August 2018, November 2020 and September 2023 ("Procurement Regulations"), and is open to all eligible Proposers as defined in the Procurement Regulations that meet the following minimum qualification criteria A . Proposer's Financial Capability - The Proposer shall furnish documentary evidence that it meets the following financial requirement: the average Annual Turnover in the last three years 2023, 2024 and 2025) to be not less than USD 700,000 (Seven Hundred Thousand United States Dollars). B . Proposer's Experience and Technical Capacity -i. The Proposer shall have successfully completed at least three (3) contracts for the implementation of an enterprise Vault Management System (VMS), of which at least two (2) shall have been implemented for Central Banks or equivalent monetary authorities. ii. The Proposer shall have a minimum of ten (10) years of demonstrated experience in the implementation and support of enterprise Vault Management Systems (VMS) for Central Banks or regulated banking institutions, with demonstrated enterprise integration and secure enterprise deployment capability. iii. The Proposer must provide at least three (3) Client References for similar successfully completed contracts. Details should include the detailed tasks done, country, year, and Client contact details. Evidence of work done should be supported with Completion Certificates or Reference Letters and value of those contracts. C.Proposer's Legal Requirements The Proposer shall be legally registered entity in its country of origin . Interested eligible Proposers may obtain further information from Ministry of Finance, Federal Government of Somalia , [email protected]. Document can be obtained from the link Below: https://centralbank.gov.so/wp-content/uploads/2026/11/RFP-_Vaults_Management_System_VMS-CBS.pdf 4. A pre-proposal online conference meeting will be held on 25th November 2026 . at 2:00PM in the afternoon in Somalia local time. 5. A complete set of Proposal documents in English language will be provided upon request. The document including any subsequent amendment or addition will be sent to the Proposer by e-mail. Prior registration is required for submitting clarification questions on the Proposal documents and receiving automatic notice of answers and addenda to the Proposal documents. 6. Proposals must be d…

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