FINANCIAL PROPOSAL

TO

AFRICAN DEVELOPMENT BANK

AUDIT OF THE FINANCIAL STATEMENTS AND EX-POST

PROCUREMENT REVIEW OF AWF FINANCED PROJECTS IN
ANGLOPHONE NIGERIA
- LOT 1-2015

SUBMITTED BY:

BBC PROFESSIONALS
[CHARTERED ACCOUNTANTS]
FROM: TO:
BBC Professionals The African Water Facility (Attn: The Acting Coordinator)
24, Ilupeju By-Pass Mr. Jean Michel Ossete, Acting Coordinator
Ilupeju Physical Address: Immeuble CCIA Abidjan Plateau

Lagos Avenue Jean-Paul II

01 BP 1387, Abidjan 01
Cote D’Ivoire

Sir/Madam:

Subject: Hiring of Consultancy Service for

Regarding Price Proposal

We BBC Professionals herewith enclose the Price Proposal of our firm as Consultant for the audit of the AWF
Projects in Egypt, Kenya and Zambia.

Our attached Financial Proposal is for the amount of eighty five million one hundred and forty-six thousand
three hundred and fifty one Naira (four hundred and twenty-five thousand seven hundred and thirty-one
dollars seventy five cents) {=N=85,146,351 (USD$425,731.75).

Our Financial Proposal shall be binding upon us subject to the modifications resulting from Contract
negotiations, up to expiration of the validity period of the Proposal.

Yours faithfully,

Signature:
(Authorized Representative)

Full Name: Everestus Uche Itodo

Designation: Deputy Managing Partner
Address: BBC Professionals, 24, Ilupeju By-Pass, Ilupeju, Lagos.
Contact information (phone and e-mail): +234805.862.8860, 8036165079; euitodo@bbccharter.com or
euitodo@yahoo.com
 SUMMARY OF PRICE PROPOSAL

Item Naira
(=N=)
USD

Cost of the Financial Proposal

Including:

Remuneration

Egypt AWF Project 25,060,000 125,300

Kenya AWF Project 25,060,000 125,300
Zambia AWF Project 25,060,000 125,300
Reimbursables

Egypt AWF Project 3,120,608 15,603.04

Kenya AWF Project 3,391,920 16,959.60
Zambia AWF Project 3,453,823 17,269.12

Total Cost of the Financial Proposal: 85,146,351 425,731.75

Exchange rate is 1USD to 200 Naira as at 29/10/15

 EGYPT AWF PROJECT
Rate per Rate per person/
Personnel Designation/ Number of Number of Person/ Day week rate Total
title/category /activity Personnel Work rate (Naira) (Naira) Fees (Naira)
Weeks
1. Remuneration

1.1 Services in Home Office

Senior Task Manager 1 1 120,000 840,000 840,000

Task Manager 1 1 100,000 700,000 700,000

Audit Manager 1 3 80,000 1,680,000 1,680,000

Procurement Specialist 1 3 80,000 1,680,000 1,680,000

Assistant Auditor 2 3 60,000 2,520,000 2,520,000

1.2 Services in Field

Senior Task Manager 1 1 240,000 1,680,000 1,680,000

Task Manager 1 3 200,000 4,200,000 4,200,000

Audit Manager 1 3 160,000 3,360,000 3,360,000

Procurement Specialist 1 3 160,000 3,360,000 3,360,000

Assistant Auditor 2 3 120,000 5,040,000 5,040,000

Sub Total 25,060,000

2. Type of Reimbursable Unit Unit Cost Quantity

Expenses
(=N=)

2.1 Per Diem Day 15,000 91 1,365,000

2.2 Travelling Expenses Tickets 84,634 12 1,015,608

(Int’l Flights)

2.3 In/Out Airport Trip 20,000 12 240,000

Transportation

2.4 Communications Costs Lagos to Cairo 20,000 10 200,000

2.5 Reproduction of Reports 300,000

Sub Total 3,120,608

Grand Total 28,180,608
 KENYA AWF PROJECTS
Rate per Rate per person/
Personnel Designation/ Number of Number of Person/ Day week rate Total
title/category /activity Personnel Work rate (Naira) (Naira) Fees (Naira)
Weeks
1. Remuneration

1.1 Services in Home Office

Senior Task Manager 1 1 120,000 840,000 840,000

Task Manager 1 1 100,000 700,000 700,000

Audit Manager 1 3 80,000 1,680,000 1,680,000

Procurement Specialist 1 3 80,000 1,680,000 1,680,000

Assistant Auditor 2 3 60,000 2,520,000 2,520,000

1.2 Services in Field

Senior Task Manager 1 1 240,000 1,680,000 1,680,000

Task Manager 1 3 200,000 4,200,000 4,200,000

Audit Manager 1 3 160,000 3,360,000 3,360,000

Procurement Specialist 1 3 160,000 3,360,000 3,360,000

Assistant Auditor 2 3 120,000 5,040,000 5,040,000

Sub Total 25,060,000

2. Type of Reimbursable Unit Unit Cost Quantity

Expenses
(=N=)

2.1 Per Diem Day 15,000 91 1,365,000

2.2 Travelling Expenses Tickets 99,910 12 1,198,920

(Int’l Flights)

2.3 In/Out Airport Trip 24,000 12 288,000

Transportation

2.4 Communications Costs Lagos to Kenya 24,000 10 240,000

2.5 Reproduction of Reports 300,000

Sub Total 3,391,920

Grand Total 28,451,920

 ZAMBIA AWF PROJECT

Rate per Rate per person/

Personnel Designation/ Number of Number of Person/ Day week rate Total
title/category /activity Personnel Work rate (Naira) (Naira) Fees (Naira)
Weeks
1. Remuneration

1.1 Services in Home Office

Senior Task Manager 1 1 120,000 840,000 840,000

Task Manager 1 1 100,000 700,000 700,000

Audit Manager 1 3 80,000 1,680,000 1,680,000

Procurement Specialist 1 3 80,000 1,680,000 1,680,000

Assistant Auditor 2 3 60,000 2,520,000 2,520,000

1.2 Services in Field

Senior Task Manager 1 1 240,000 1,680,000 1,680,000

Task Manager 1 3 200,000 4,200,000 4,200,000

Audit Manager 1 3 160,000 3,360,000 3,360,000

Procurement Specialist 1 3 160,000 3,360,000 3,360,000

Assistant Auditor 2 3 120,000 5,040,000 5,040,000

Sub Total 25,060,000

2. Type of Reimbursable Unit Unit Cost Quantity

Expenses
(=N=)

2.1 Per Diem Day 15,000 91 1,365,000

2.2 Travelling Expenses Tickets 112,401.92 12 1,348,823

(Int’l Flights)

2.3 In/Out Airport Trip 18,000 12 240,000

Transportation

2.4 Communications Costs Lagos to Lusaka 20,000 10 200,000

2.5 Reproduction of Reports 300,000

Sub Total 3,453,823

Grand Total 28,513,823

Consultant: BBC Professionals Country: Nigeria
Assignment: Audit of AWF Projects Date: 29/10/2015

Consultant’s Representations Regarding Costs and Charges

We hereby confirm that:

(a) the basic fees indicated in the attached table are taken from the firm’s payroll records and reflect the
current rates of the Experts listed which have not been raised other than within the normal annual pay increase
policy as applied to all the Consultant’s Experts;

(b) attached are true copies of the latest pay slips of the Experts listed;

(c) the away- from- home office allowances indicated below are those that the Consultant has agreed to pay
for this assignment to the Experts listed;

(d) the factors listed in the attached table for social charges and overhead are based on the firm’s average cost
experiences for the latest three years as represented by the firm’s financial statements; and

(e) said factors for overhead and social charges do not include any bonuses or other means of profit-sharing.

BBC Professionals
[Name of Consultant]

29/10/2015
Signature of Authorized Representative Date

Name: Everestus Uche Itodo

Title: Deputy Managing Partner

 The African Water Facility
(Attn: The Acting Coordinator)
African Development Bank
Mr. Jean Michel Ossete, Acting
Coordinator
Physical Address: Immeuble CCIA
Abidjan Plateau,
Avenue Jean-Paul II
01 BP 1387, Abidjan 01 Cote D’Ivoire

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