Request for Proposal (RFP)

External Financial Audit Firm

Plastic Free Rivers and Seas for South Asia (PLEASE) Project – Regional Block Grant (RBG)

Bangladesh Petrochemical Company Ltd. (BPCL)

Project Summary: BPCL is implementing the PLEASE Project under a World Bank-funded Regional Block Grant (RBG), administered by SACEP, to combat plastic pollution through circular economy solutions. The project involves establishing Recycling Business Units (RBUs) in:

Audit Sites: Cox’s Bazar, Feni, Rupgonj, Shiddhirgonj, Chattogram, Bogura, Cumilla

Audit Period: September 2023 – July 2025

Grant Amount: USD 1,322,000

Assignment Duration: 22 calendar days from contract signing

Scope of Work

  • Independent audit of project financial statements
  • Verification of fund utilization and compliance with World Bank guidelines
  • Assessment of internal controls, procurement, and fraud risks
  • Physical verification of assets across 7 RBU sites


Eligibility Requirements

  • Internationally recognized firm with a registered branch in Bangladesh
  • Minimum 7 years of audit experience
  • Proven track record auditing donor-funded projects ≥USD 10 million
  • 5+ years auditing NGOs/public sector in developing economies
  • Submission of CVs and list of comparable assignments (last 5 years)

Deliverables

  • Audited financial statements (income, expenditure, cash flow, compliance)
  • Management letter with findings, recommendations, and action plans

Payment Schedule

Milestone
Timeline
Payment
Contract Signing Within 3 days of award notice 25%
Draft Report Submission Within 15 days of signing 25%
Final Report Acceptance Within 7 days of draft review 50%

All fees inclusive of VAT/taxes.


Submission Details Deadline: 15 August 2025

Subject Line: “Proposal for External Financial Audit – PLEASE Project RBG”


Reluire Documents :

  • Cover Letter
  • Technical Proposal (Format collected from BPCL Head Office).
  • Financial Proposal (Format collected from BPCL Head Office).

Note: Late submissions will not be accepted.

TOR: https://drive.google.com/file/d/1W0nQZnTmUESW4YDA5gBba1Eva-uy4zMP/view?usp=drive_link