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 Exchange rate |    10 March, 2022



Public Credit Registry (PCR)

Country: Yemen
Project Id: P132311
Project Name: RY-Financial Infrastructure Project
Loan Info.: IDA H8700

General Information

Notice Type

Invitation for Bids

Borrower Bid Reference

IFB no. FIDP-ICB-1/2014

Bid Description

Supply, implementation and support of a Credit Registry for the Central Bank of Yemen

Language of Notice


Deadline for Application Submission Date




Selected category codes for product to be procured


Category Code



Contact Information on Advertisement


Central Bank of Yemen


Dr. Mohammed Assyani


Vice Governor


P.O. Box: 59




Postal Code









Detailed Information for Advertisement


Invitation for Bids (IFB)


Republic of Yemen

 Infra-Structure Development Project Grant No : IAD – H8700 , Project ID: P132311


IFB Title: Supply, implementation and support of a Credit Registry for the Central Bank of Yemean

IFB no. FIDP-ICB-1/2014

1.         This Invitation for Bids (IFB) follows the General Procurement Notice (GPN) for this project that appeared in Development Business, on March 28, 2013.

2.         The Government of the Republic of Yemen has received a grant from the International Development Association toward the cost of the Financial Infrastructure Development Project and it intends to apply part of the proceeds of this grant to payments under the agreement(s) resulting from this IFB: Supply, Implementation and Support of Credit Registry for the Central Bank of Yemen (CBY).

3.         The Central Bank of Yemen now invites sealed bids from eligible bidders for the project Supply, Implementation and Support of a Credit Registry for CBY.   The Central Bank of Yemen serves as the implementing agency for the project and for the specification, customization, supply, implementation, commissioning and handover of the above system, to include:

i)      Supply of integrated packaged software to cover the required functionality of the Credit Registry system;

ii)    Sizing, supply, and installation of the required processing capacity (hardware), system software, middleware and associated system management tool set;

iii)  Confirmation/specification of user requirements and documentation of technical functionality;

iv)   Development, testing, integration and implementation of the required application software functionality and linkages;

v)     Provision of remote participant facilities for system participants, and integration of the application software with participants' in-house systems as applicable;

vi)   A high level of consulting services to assist the Purchaser and Participants with the business aspects of introducing the systems, including activities such as training and developing operating rules and procedures for system usage;

vii) Full implementation services including installation, testing, documentation, training, commissioning and handover, and integration with existing ICT environments at participating institutions as necessary;

viii)         High level of support availability in the 3 months post going LIVE, through presence on-site or other equivalent means.

4.         Bidding will be conducted using the International Competitive Bidding (ICB) procedures specified in the World Bank's Guidelines: Procurement under IBRD Loans and IDA Credits and is open to all Bidders from eligible source countries as defined in the Guidelines that meet the following minimum qualification criteria:

(a)     Bidder's Financial Capability

The supplier must have had an average turnover of US$ 3 million per annum in last three years continuously and access to financial resources such as lines of credit, etc…of at least 500,000 USD.

(b)    Bidder's Experience and Technical Capacity

          During last five (5) years, the Bidders must have completed at least two (2) successful contracts involving the development, implementation and provision of technical support for Credit Information Systems (consumer and commercial markets) of similar functional and technical characteristic and of comparable scale.     

 (c)    Bidder's Legal Requirements

The Bidder shall be legally registered in its country of origin.

(d)    Minimum required experience of proposed staff

The Bidder must have staff who will be involved in the project in each of the following specialist areas:

a. Credit Reporting Application software specification and design

b. Software development and testing

c. Systems integration

d. Information and communication technologies

e. Training of non-technical end-users.

Each key person should meet the following minimum requirements:

i)            At least seven years in the information systems/credit reporting industry, with the last five years in the particular specialist area

ii)          At least the last three years of industry experience in a management/team leadership capacity.

The project manager nominated by the bidder should have at least ten years relevant industry experience, the last five of which should have included project management responsibility for staff over extended periods involving the development, implementation, operation and support of credit reporting systems.

In the case of a Joint Venture, the financial figures for each partner shall be added together to determine the Bidder's compliance with the minimum qualification criteria for financial and technical capability. However for a Joint Venture to qualify, each of its partners must meet at least 25 percent of the minimum criteria for financial capability and the partner in charge at least 50 percent.

Regarding experience and technical capability, each Joint Venture member must by itself have completed at least 1 (one) successful contract involving exercise of the skills for which it has been included in the Joint Venture, preferably concerning the supply, implementation and support of credit reporting systems of similar functional/technical characteristics and of a comparable scale. The partner in charge must fulfill the criteria in 4 (b) above.

Failure to comply with these requirements shall result in rejection of the Joint Venture's bid. Subcontractors' experience and resources shall not be taken into consideration.

5.         A pre-bid telephone conference call will be held which may be attended by all companies which have notified CBY of their intention to submit bids.  The planned date of the telephone conference is May 27, 2014. Further information will be provided to registered bidders.

6.         Interested eligible bidders may obtain further information from the Central Bank of Yemen (CBY) and inspect the bidding documents at the address given below from 9:00 hrs to 13:00 hrs on working day from Sunday to Thursday except public holidays. A complete set of bidding documents in English will be provided by email in response to bidder request. Prior registration by email is required for attending the pre-bid telephone conference. In case of any other questions or problems, interested bidders may contact CBY at the e-mail address below.

7.         A two-stage bidding process will be used which will proceed as follows:

(a)        The first stage bid will consist of a technical bid only, without any reference to prices, but including a list of any deviations to the technical and commercial conditions set forth in the bidding documents, and a justification therefore, always provided that such deviations do not change the essential requirements specified in the bidding documents.  Following the evaluation of first stage bids, a Bidder that adequately meets the minimum acceptable qualification criteria and has submitted a sufficiently technically responsive bid may be invited to attend a clarification meeting(s), during which the Bidder's bid will be reviewed.  Any required bid-specific changes, additions, deletions and other adjustments will be noted and recorded in a memorandum, or, if amendments are of a general nature, will be promulgated via an addendum to the bidding documents.  Bidders may not be invited to submit second stage bids, if their first stage bids contain departures from the requirements in such numbers or of such nature that making the bids fully responsive in the remaining time for the two-stage process cannot reasonably be expected.  All other suitably qualified and eligible Bidders, however, shall receive invitations to submit second stage bids.

(b)        The second stage bid will consist of: (i), the updated technical bid incorporating all changes required as recorded in the bidder-specific memorandum, and/or as necessary to reflect any Addenda to the bidding documents issued subsequent to the first bidding-stage; and (ii), the commercial bid.

8.         First stage bids must be delivered/submitted to the address below on or before Monday, Jun 30, 2014,

Electronic submission of bids is not allowed. Late bids will be rejected.  Bids will be opened immediately thereafter in the presence of the Bidders' representatives who choose to attend at the address below.

9.         The attention of prospective Bidders is drawn to the fact that (i) they will be required to certify in their bids that all software either is covered by a valid license or was produced by the Bidder and (ii) violations are considered fraud, which can result in ineligibility to be awarded World Bank-financed contracts.


Address for bid submission: Attn: Dr. Mohammed Assyani

Vice Governor, Central Bank of Yemen

Ali Abdulmoghni street

P.O.  Box: 59,

Sana'a, Republic of Yemen

Phone: +967129851 or +967 1 274 365 or +967 1 297 861

Fax: +9671274163 or +967 1 297 856


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