Contract Award Notice
Project Name: 			Access to Finance for MSMEs Project 
Country: 			Jamaica 
Project Number:			P152307
Reference#: 			JM-DBJ-145241-CS-CCP
Implementing Entity:		Development Bank of Jamaica Limited ______________________________________________________________________________
Procurement Method:  World Bank, Commercial Practices

Rejected Applicants 
The minimum qualifying Technical score is 70 to advance to the Financial Assessment and to undertake Due Diligence.
	
Applicant Name	Proven Wealth Limited	Graft Ventures Limited	Barita Investments Limited	Black Pearl Global Investments	
Country 	Jamaica	Jamaica	Jamaica	USA	
Ranked 	3	4	5	6	
Status	Evaluated Applicant	Evaluated Applicant	Evaluated Applicant	Evaluated Applicant	
Technical point	60.38	54.88	46.13	39.38	

Qualifying Applicants 
Applicant Name 	Actus Partners Limited	SEAF Caribbean Management  LLC.	
Country 	United Kingdom 	USA	
Ranked 	1	2	
Status	Awarded 	Evaluated Applicant 	
Technical point	87.38	78.88	
Technical Proposal score ( Weight of 80) 	69.90 %	63.10%	
			
Financial Proposal (Weight of 20)	
Expenses per US $1 of capital 	0.19	0.27	
Financial score 	20.00 %	13.82 %	
			
Combined Score 	89.90 %	76.92 % 	
	
Due Diligence 	87 %	82 %	

 Awarded Firm:                       	Actus Partners Limited
 Scope of Service:              	The establishment of JASMEF I Limited as the Fund Manager to manage a Small and Medium Enterprises (SME) Fund
 Contract signature date:      	June 9, 2022
 Duration:                                   	8 Months 
 Contracted Sum: 	US $ 152,083.33 exclusive of 15% GCT