MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA
DIRECTORATE GENERAL OF FINANCING AND RISK MANAGEMENT
DIRECTORATE OF GOVERNMENT SUPPORT AND INFRASTRUCTURE
FINANCING MANAGEMENT
Gedung Frans Seda 1ST Floor, Dr. Wahidin Raya No. 1, Jakarta 10710
Phone: (+6221) 35000841 Fax: (+6221) 3846635 Website: [Link]
REQUEST FOR EXPRESSIONS OF INTEREST
(CONSULTING SERVICES – FIRMS SELECTION)
SHORTLISTING CONSULTANT FIRMS FOR FEASIBILITY STUDY AND
TRANSACTION PREPARATION FOR PUBLIC PRIVATE PARTNERSHIPS (PPP)
SECTOR
Grant No. : TF0A2268
Project Name : Indonesia Infrastructure Finance Development Trust Fund (IIFD-TF)
Reference No. : (As per Procurement Plan): [Link]-PDPPI - MOF-73958-CS-QCBS
Date : February 25th, 2019
1. The Directorate of Government Support and Infrastructure Financing Management
(“PDPPI”) has received financing from the World Bank toward the cost of the Indonesia
Infrastructure Finance Development Trust Fund (“IIFD-TF”), and intends to apply part
of the proceeds for consulting services for this assignment.
2. The consulting services (“Services”) are for “SHORTLISTING CONSULTANT
FIRMS FOR FEASIBILITY STUDY AND TRANSACTION PREPARATION
FOR PUBLIC PRIVATE PARTNERSHIPS (PPP) SECTOR” The shortlisting will
be carried out according to the criteria set out in this Request for Expression of Interest
(REOI).
3. The objective of REOI:
The objective of the REOI is to establish a shortlist of qualified consultant firms to be
invited to submit proposals for the assignment of one or more individual PPP pipeline
projects. Subsequent Proposals for other projects assignment may be invited from the
same shortlist or updated shortlist according to the requirements of the proposed PPP
pipeline projects.
4. Objectives and Scope of Services
The objective of the Consultancies is to provide PDPPI with expert consulting services
in conducting Feasibility Study and Transaction Preparation for various PPP
infrastructure sectors which demonstrate comparative advantage in terms of strategic
and operational benefits for implementation under a public-private partnership
agreement.
5. The General Description of Services are as described in Annex 1
6. PDPPI invites eligible consulting firms (Consultants) to indicate their interest in
providing these services. Interested Consultants should provide information
demonstrating that they have the required qualifications, skills, expertise, and
experience to perform the desired services.
7. Shortlisting Criteria:
The Expression of Interest should include the following information, which will form
part of the short-listing criteria:
a) Demonstrated experience in providing consulting services as Lead Advisor for
conducting pre-feasibility studies, feasibility studies and transaction
management till signing of PPP agreement (Minimum firm experience of 5
years).
b) Demonstrated experience in PPP Infrastructure sectors in Indonesia and/or in
region;
c) Demonstrated experience in engaging with Indonesia Government sector and
show a detailed knowledge and understanding of government relationship will
be an advantage;
d) Evidence of firm’s experience with similar types of requisite experience and
capabilities in developing feasibility study and transaction advisory for PPP
project in Indonesia, will be an advantage;
e) Evidence of Financial Strength by submitting audited financial statements
showing the firm’s total and current assets and liabilities for the latest 3 financial
years (2014 – 2015; 2015 – 2016; 2016 – 2017 or 2017 – 2018, as applicable).
8. Key experts will not be evaluated at the shortlisting stage.
9. The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank’s
Guidelines: Selection and Employment of Consultants under IBRD Loans and IDA
Credits & Grants by World Bank Borrowers dated January 2011, revised July 2014
(“Consultant Guidelines”), setting forth the World Bank’s policy on conflict of interest.
10. Consultants may associate with other firms to enhance qualifications, but should
indicate clearly whether the association is in the form of a joint venture and/or a sub-
consultancy. In the case of joint venture, or partners in the joint venture shall be
jointly and severally liable for the entire contract, if selected.
11. The services are expected to commence on September 2019 for duration of
approximately 18 calendar months.
12. The final selection of the Consultant for developing the feasibility study and transaction
preparation will be in accordance with the Quality and Cost-Based Selection (QCBS)
method set out in the Consultant Guidelines.
13. Interested Consultants may obtain further information related to REOI, please send
your queries by the latest of March 4th, 2019 during office hours i.e., 10.00 to 17.00
hours (Local Jakarta Time) to the email address: pmuiifd@[Link].
Procurement Working Team II at Ministry of Finance will address your queries by the
latest of March 8th, 2019.
14. Expressions of Interest must be delivered in written form and should include the firm’s
demonstrated capacity to provide the required services. Expressions of Interest must be
delivered to the address below through courier/by hand as hard copy and CD latest by
Monday, March 18th, 2019 at 14:00 Jakarta local time. The envelope must be clearly
marked: “SHORTLISTING CONSULTANT FIRMS FOR FEASIBILITY
STUDY AND TRANSACTION PREPARATION FOR PPP PROJECT”.
Attn: Procurement Working Team II
Directorate of Government Support and Infrastructure Financing Management
Frans Seda Building 1st Floor
Jl. DR Wahidin Raya No. 1
Jakarta 10710
Annex 1
GENERAL DESCRIPTION OF SERVICES
FOR FEASIBILITY STUDY AND TRANSACTION PREPARATION FOR PUBLIC
PRIVATE PARTNERSHIPS (PPP) SECTOR
A. BACKGROUND
1. The Government of the Republic of the Indonesia is committed to implement
public–private partnerships (PPP) in the Indonesia for attracting private investment
in infrastructure. Directorate of Government Support and Infrastructure Financing
Management (DGSIFM) was established at 2015 in Directorate General of Budget
Finance and Risk Management, Ministry of Finance (MoF) to be Indonesia PPP
unit. The role of DGSIFM is to boost PPP development by giving government
support, undertake PPP awareness campaign and provide capacity building to the
Government Contracting Agency (GCA) and other relevant stakeholders.
2. Starting mid-2016, the DGSIFM is being supported by a program called Indonesia
Infrastructure Finance Development (IIFD). The IIFD is a Multi donor Trust Fund
for PPP being managed by the World Bank, with Government of Canada being the
main donor as of now. The IIFD’s objective is to assist Indonesia in addressing its
large public infrastructure gap by supporting the flow of private capital into
infrastructure development and improving the institutional, legal and regulatory
framework to enhance the ability of private capital and public institutions to work
together for infrastructure development. To achieve that, IIFD particularly
Recipient Executed Trust Fund Part (RETF), organized programs that are separated
into four components, that is: 1) Strengthening Agencies; 2) Legal and Regulatory
Framework; 3) Project Selection, preparation, and transaction; 4) Inter-Agency
Coordination.
3. The Directorate of Government Support and Infrastructure Financing Management
(PDPPI) has received financing from the IIFD. The PDPPI funds shall be used
mainly to engage in PPP project preparation and transaction in select infrastructure
sectors. The initial sector list could be – Highways, Airports, Ports, Railways, Urban
Transport, Water Supply and Waste Water, Solid Waste Management, Health,
Education, and Related Infrastructure. In order to promote DGSIFM’s performance
further, PDPPI intends to shortlist-qualified firms to conduct Feasibility Study and
Transaction Preparation for various PPP infrastructure sectors.
B. OBJECTIVE
4. The objective is to establish a shortlist of qualified consultant firms to be invited to
submit proposals for the assignment of one or more individual projects. Subsequent
Proposals for other projects assignment may be invited from the same shortlist or
updated shortlist according to the requirements of the proposed pipeline projects.
5. The objective of the Consultancies is to provide PDPPI with expert consulting
services in conducting Feasibility Study and Transaction Preparation for various
PPP infrastructure sectors which demonstrate comparative advantage in terms of
strategic and operational benefits for implementation under a public-private
partnership agreement.
C. SELECTION PROCESS
6. The selection process will follow the QCBS procedures with the following stages.
1) REOI Stage: In this stage, the panel of short-listed qualified consultants will
be created based on the evaluation criteria and process specified in this REOI
document. The qualified list of consultants shall be prepared for a group of
sectors or projects.
2) Individual RFP Stage: The short-listed qualified consultants shall be invited
for each call for consulting services based on the project requirements. The
qualified consultants shall be required to submit their simplified technical
proposals on the basis of the project-specific terms of reference that shall be
issued at the RFP stage. The selection process is anticipated to take not more
than 8 weeks, after which a lump-sum and fixed budget contract will be signed
with the selected consultant.
D. OTHER REQUIREMENT
7. The applicant either as the single firm or a joint ventures should possess the required
experiences in providing project finance (financial modelling, analysis, structuring,
risk assessment, and other relevant tasks) advice. This selected firm is expected to
lead the project preparation and transaction advisory services.
8. It is anticipated that each short-listed qualified consultants would form Joint
Venture with other firms, especially those in the areas of technical and legal
functions (as required) at the RFP stage once the project-specific terms of reference
are made available. The technical firm will be expected to sign-off on all technical-
related deliverables, and similarly the legal firm will need to sign-off on all legal-
related deliverables, while the overall responsibility of all deliverables will be that
of the lead firm. The selection process at the RFP stage will be undertaken in
accordance with the RFP document that shall be made available to all short-listed
qualified consultants.
E. SCOPE OF SERVICES
The scope of the specific services would generally include, but not limited to, any or a
combination of the following:
9. The pre-feasibility study for project may include, among others, the following: (i)
an assessment of the user needs, present service deficiency and rationale for the
project, (ii) preparation of various practical alternatives to deliver the project to
meet the user needs, (iii) selective field visits and stakeholder consultations to assess
the market potential and potential tariffs/ cost recovery mechanisms, (iii) high level
project analysis involving site, technical delivery options, initial environmental,
social and gender analysis, (iv) high level social cost-benefit and economic analysis,
(vi) financial analysis including an initial value-for-money analysis to pursue the
PPP approach, (vii) recommended risk sharing and project structure, (viii)
quantification of fiscal impact on the government due to the project, (ix)
consultations /socialization of the proposed PPP project with relevant government
agencies that will be involved in providing various project approvals and (x)
recommendations on the next steps and key government decision points.
10. The feasibility study of the project may involve validating or updating of existing
studies (where such documents are available), undertaking (i) comprehensive user
needs survey, stakeholder consultations and primary market/ demand studies to
understand the project needs and service deficiency, (ii) establishing a clear project
rationale, (iii) social cost benefit and economic analysis, (iv) detailed technical
design assessment (basic design), including comprehensive site surveys,
geotechnical investigations, structural aspects, preparation of bill of quantities and
project cost (v) environmental and social/ gender impact analysis, including various
stakeholder groups / nature and types of project affected parties and integration of
project design/scope features to mitigate any negative impacts, (vi) financial
analysis and preparation of financial model to assess the life-cycle costs, financing
plan, Net Present Value (NPV), Financial Internal Rate of Return (FIRR), Debt
Service Coverage Ratio (DSCR) and other key ratios, (vii) Value-for-money
analysis, both qualitative and quantitative, (viii) Government support and fiscal
commitments (direct and contingent) analysis, (ix) preparation of risk matrix, risk
sharing analysis, (x) evaluation of PPP options and recommendations, (xi)
institutional assessment of the government contracting agency in terms of its ability
to project manage/ contract manage and specific recommendations to strengthen the
GCA to effectively manage the PPP transaction, (xii) a market sounding exercise
and updating the feasibility study (if required), (xiii) preparation of PPP
procurement plan, and (xiv) a comprehensive enumeration of key decisions/ actions
to be taken by various government agencies to successfully conclude (‘commercial
close’) the transaction.
11. Management of the PPP bidding process and transaction, as well as preparation of
contractual documentation: The consultants will undertake preparation and
finalization of (i) bid documents (request for qualification and request for proposal),
contractual agreements; (ii) project pre-bid consultations; (iii) bidder qualification
and bid evaluation criteria; (iv) monitoring and evaluation frameworks; (v) required
due diligence documents (vi) institutional arrangements and (vii) assistance with
the bid process (e.g. setting up of data room for prospective bidders, issuance of all
bidding-related notices/requests, conduct of pre-bid conferences, conduct of
bidding, responding to queries, pre-qualification of bidders), bid evaluations, and
contract negotiations, expected to lead to the award of the proposed project to a
bidder and to financial close, The consultant shall also assist in drafting of the TOR
for procurement of an independent consultant (IC).
12. Location: Project location could be Jakarta or other cities in Indonesia. The exact
location will be specific to the project and would be specified in in the project-
specific TORs to be issued at the RFP stage.
13. Anticipated Start Date of RFP: June 2019
F. ASSIGNMENT DURATION
14. Duration of Assignment: Variable (depending on the scope of individual
procurements), up to approximately 18 months. This will be potentially extended
subject to the needs of The DGSIFM and the World Bank supports, the Consultants’
performance, and availability of the budget.
G. REPORTING & PAYMENT
15. The consultants will be paid on a lump sum basis. The total fees shall be paid based
on various milestones achieved. The detailed structure of the payment milestones,
including the maximum timeframe for such release by the client, shall be prescribed
in the Request for Proposals (RFP) documents. The indicative milestones for
payment are shown below.
i. Submission of inception report;
ii. Submission of interim report;
iii. Submission of Technical Reports identified in the RFP;
iv. Submission of draft final report; and
v. Submission of final report.
Annex 2
Application Form for Short-listing
This form should be completed by each consulting firm or association submitting EOI for
prequalification for the panel.
(A) Lead Consultant’s Contact Details
Name of Proposing Firm:
Country of Registration:
Name of Contact Person for this REOI:
Address:
Phone / Fax:
Email:
(B) Consultant’s Organisation
Provide a brief description of your firm/entity (and each associate for the assignment) –
background, organization etc. Total length of this section should not exceed two pages.
(C) Technical Competence
Please provide a brief description of how your expertise and experience (as per the project
experience provided in section D) meets the technical competency requirements of this REOI.
Total length of this section should not exceed two pages.
-1- Demonstrated experience in providing consulting services as lead advisor for
conducting pre-feasibility studies, feasibility studies and transaction management till
signing of PPP agreement (Minimum firm experience of 5 years).
Describe the experience of the Firm , as relevant to implementation of this criteria
-2- Demonstrated experience in Infrastructure of PPP sectors in Indonesia
Describe the experience of the Firm , as relevant to implementation of this criteria
-3- Demonstrated experience in engaging with Indonesia Government sector and show a
detailed knowledge and understanding of government relationship
Describe the experience of the Firm , as relevant to implementation of this criteria
-4- Evidence of firm’s experience with similar types of requisite experience and
capabilities in developing feasibility study and transaction advisory for PPP project in
Indonesia, will be an added advantage.
Describe the experience of the Firm , as relevant to implementation of this criteria
(D) Project Experience
Please provide description of list of projects that have been undertaken by your firm that best
reflect the technical competency requirements of this REOI. Please fill up the following table
for each project. The total length of this section should not exceed 20 pages.
Assignment Name Approx. value of the contract (in US$)
Country: Duration of assignment (months):
Location within Country:
Name of Client: Total No of staff-months:
Contact Name Contact Details
Address: Approx. value of the services provided by your
firm (in US$)
Start Date (Month/Year): Completion Date (Month/Year):
Name of Associated Consultants, If Any: No of professional staff-months provided by
associated Consultants:
Names of Senior Staff (Project Director/Coordinator, Team Leader) involved and functions performed:
Narrative Description of Project:
Description of Actual Services Provided:
Firm’s Name:
(E) Financial Details
Evidence of Financial Strength by submitting audited financial statements which
showing the firm’s total and current assets and liabilities for the past 3 financial
years (2014 – 2015; 2015 – 2016; 2016 – 2017; or 2017-2018, as applicable).
Provide the turnover of firm (on the basis of the audited accounts) in the last three
financial years
US$ Million Latest Financial Year Year 2 Year 3
Total Revenues
Profit Before Tax
Profit After Tax
Current Assets
Current Liabilities
Total Assets
Total Liabilities
Equity Share Capital
Reserves and Surplus
No. of Management Staff
No. of Full Time Consulting Staff
# please provide a copy of Audited Accounts for the past 3 financial years.
Annex 3
List of Required Documents
No. Short-listing Criteria Must Meet Documents to be submitted
Criteria
1. Demonstrated experience in Must Meet - Copy of the Articles of Incorporation
providing consulting services as or legal registration
lead advisor for conducting pre- - Copy of applicable business license
feasibility studies, feasibility - Summary of Company Profile
studies and transaction (Firm's nature of business should
management till signing of PPP correspond with require services)
agreement (Minimum firm - Performance certificates or other
experience of 5 years). documentary evidence to substantiate
the project experience presented in
Section D of Annex 2.
2. Demonstrated experience in Must Meet - Performance certificates or other
Infrastructure of PPP sectors in documentary evidence to substantiate
Indonesia the project experience presented in
Section D of Annex 2.
3. Demonstrated experience in Must Meet - Performance certificates or other
engaging with Indonesia documentary evidence to substantiate
Government sector and show a the project experience presented in
detailed knowledge and Section D of Annex 2.
understanding of government
relationship.
4. Evidence of firm’s experience Must Meet - Performance certificates or other
with similar types of requisite documentary evidence to substantiate
experience and capabilities in the project experience presented in
developing feasibility study and Section D of Annex 2.
transaction advisory for PPP
project in Indonesia, will be an
added advantage.
5. Evidence of Financial Strength Must Meet Statutory Audited Annual Report for
by submitting audited financial last three financial years to be
statements which showing the Attached
firm’s total and current assets
and liabilities for the past 3
financial years (2014 – 2015;
2015 – 2016; 2016 – 2017)
Annex 4
Sector Experience
This form should be completed by each consulting firm or association submitting EOI for
prequalification for the panel.
Sector Experience
(Check the Box if Yes)
�
Highways
�
Airports
�
Ports
�
Railways
�
Urban Transport
�
Water Supply & Water Waste
�
Solid Waste Management
�
Health
�
Education
Other Infrastructure (Please Specify) ……………………
�
ANNEX 5
JV/Association Information Sheet
If JV/Association, each member of a JV/Association making up a Consultant must fill in this
form.
JV /Association Information
Consultant’s legal
name
JV Partner’s or
Association’s legal
name
JV Partner’s or
Association’s
country of
constitution
JV Partner’s or
Association’s year of
constitution
JV Partner’s or
Association’s legal
address in country
of constitution
JV Partner’s or
Association’s
authorized
representative
information
(name, address,
telephone numbers,
fax numbers, e-mail
address)
Attached are copies of the following original documents.
1. Articles of incorporation or constitution of the legal entity named above
2. Authorization to represent the firm named above
Note:
The parties in JV/Association may change upon approval from PDPPI MoF in RFP stage.