Contract Award Notice
Project Name: 		Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) Programme
Country: 		Jamaica 
PROJECT #:                       	JA-O0010 /JA-L1085
Procurement ID#:	JA-L1085-P16517		
Implementing Entity:	Development Bank of Jamaica Limited 
Procurement Method:  The Inter-American Development Bank Open-national Selection Based on the Consultants’ Qualifications (CQS)

  The successful Consultant 
Name of Bidder	Rank	
Kroll Associates Inc. 	1	

 Other Consultants
Name of Bidder	Rank	
PricewaterhouseCoopers Tax & Advisory Services Limited (PwC)	2	
S-RM Intelligence and Risk Consulting Limited (‘S-RM’)	3	
Risiko Tek	4	
Orba	5	
Credit Garden Limited	6	
AML Fundamentals	7	

Note:
•	Kroll Associates Inc. – The EOI had met the minimum required passing point of 70 with a Technical score of 89.25
•	PricewaterhouseCoopers Tax & Advisory Services Limited (PwC) – The EOI had met the minimum required passing point of 70 with a Technical score of 83.50.
•	S-RM Intelligence and Risk Consulting Limited (‘S-RM’) – The EOI had met the minimum required passing point of 70 with a Technical score of 76.00.
•	Risiko Tek - The EOI did not meet the minimum required passing point of 70 with a Technical score of 58.25.
•	Orba - The EOI did not meet the minimum required passing point of 70 with a Technical score of 55.75.
•	Credit Garden Limited - The EOI did not meet the minimum required passing point of 70 with a Technical score of 54.50.
•	AML Fundamentals - The EOI did not meet the minimum required passing point of 70 with a Technical score of 40.25.	

 Awarded Firm:                                      	Kroll Associates Inc.
 Scope of Service:              	Consultancy to undertake a Risk Assessment (Due Diligence Checks) of Potential Angel Investors for the Side Car Fund 
 Contract signature date:  	November 15, 2022  
 Duration:                                               	12 Months 
 Contracted Sum: 	US 197,225.00