Tender Details

Providing Internal Audit Services for LMRA

Tender Number: 743/2024/BTB (LMRA/2024/02)

PA Ref Number: LMRA/2024/02

Tender Description

Labour Market Regulatory Authority (LMRA) is seeking to appoint an experienced professional services provider for internal audit services in order to, examine the accuracy and effectiveness of all the internal controls within the organization and find deviations, if any, examine all the financial records of the authority, including checking arithmetical accuracy of the books of accounts, verification, and substantiation of all the account balances, check the authenticity and validity of transactions by looking at various proofs and substantive documents, ensure adequate controls are in place to safeguard Authority’s assets, ensure the Authority is in compliance with defined policies and procedures and applicable laws, rules, and regulations, and to identify risk, controls gaps and weaknesses, and provide recommendation to manage them effectively and efficiently in line with leading practices.

Issued by
Labour Market Regulatory Authority
Category/Sector
General
Internal/External
External
Initial Bond
BD 500
Bid Validity / Initial Bond Validity Period (Days)
90 days
Tender Fees
BD 15
Contract Duration
3 Year
Is Alternate Bid Allowed
No
Publish Date
Sunday, 08 September 2024
Purchase Before
Tuesday, 17 September 2024
Closing Date
Wednesday, 02 October 2024
Opening Date
Thursday, 03 October 2024

Additional Notes

Labour Market Regulatory Authority (LMRA) is seeking to appoint an experienced professional services provider for internal audit services in order to, examine the accuracy and effectiveness of all the internal controls within the organization and find deviations, if any, examine all the financial records of the authority, including checking arithmetical accuracy of the books of accounts, verification, and substantiation of all the account balances, check the authenticity and validity of transactions by looking at various proofs and substantive documents, ensure adequate controls are in place to safeguard Authority’s assets, ensure the Authority is in compliance with defined policies and procedures and applicable laws, rules, and regulations, and to identify risk, controls gaps and weaknesses, and provide recommendation to manage them effectively and efficiently in line with leading practices. ,

تسعى هيئة تنظيم سوق العمل إلى تعيين مقدم خدمات مهنية ذو خبرة لخدمات التدقيق الداخلي من أجل فحص دقة وفعالية جميع الضوابط الداخلية داخل المنظمة والعثور على الانحرافات، إن وجدت، وفحص جميع السجلات المالية للهيئة، بما في ذلك التحقق من الدقة الحسابية لدفاتر الحسابات، والتحقق من جميع أرصدة الحسابات وإثباتها، والتحقق من صحة المعاملات من خلال النظر في مختلف الأدلة والمستندات الموضوعية، والتأكد من وجود ضوابط كافية لحماية أصول الهيئة، بالإضافة الى التأكد من امتثال الهيئة للسياسات والإجراءات المحددة والقوانين والقواعد واللوائح المعمول بها، وتحديد المخاطر والسيطرة على الثغرات ونقاط الضعف وتقديم التوصيات لإدارتها بفعالية وكفاءة.

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Mandatory requirements:

·    At least one member of the team must have 5-10 years of experience in providing internal audit services to public or semi-public sector entities in the Kingdom of Bahrain.

·   At least one member of the team must be a Certified Internal Auditor (CIA).

·     At least one member of the team must be a Certified Information System Auditor (CISA) or equivalent.

·  The supplier must have a previous experience in establishing and/or functioning internal audit activity within the governmental entities.

·    At least one member of the team should have enough knowledge of and ISO 9001:2015 - internal audit phase and qualified to conduct such an audit.

·     All deliverables will be submitted in both English and Arabic.


How to Participate?

  • Those who are capable and wish to participate in the above tender have to purchase the Tender Documents online through the Bahrain Tender Board’s portal https://etendering.tenderboard.gov.bh starting from Sunday, 08 September 2024
  • Bidders are requested to enclose with their bids the Initial Bond for the amount specified above or at the rate of 1% of the tender value whichever amount is lesser, provided that no initial bonds value shall be less than BD 100/-. (Except for the Two-envelope tenders).
  • For Two-envelope tenders, bidders, are requested to enclose with their bids the Initial Bond for the amount specified above.
  • The initial bond should be in the form of a Certified Cheque, Bank Guarantee, Insurance Policy or Cash (or as specified in the Tender Documents) valid for the duration specified above.
  • The bids deposit place: (As Mentioned in the Tender Documents)
  • This tender is subject to the provisions of the Tender Law issued by the Legislative Decree No. 36 of 2002, its amendments, and its Implementing Regulations issued by the Decree No. 37 of 2002.
  • In addition, these conditions have to be considered:
    • Enclose copy of a valid Commercial Registration Certificate (CR) in line with the tender's subject.
    • Enclose copy of a valid certificate of compliance with the employment percentages for Bahraini manpower (Bahranization Certificate) issued by the Ministry of Labour.
  • This advertisement is considered supplementary to the tender documents. In case of any discrepancy between the Advertisement and the Tender Document, the Tender Document prevails.
  • Micro, small and medium enterprises are eligible to obtain 10% preference in the financial evaluation stage, when submitting the "SMEs Classification Certificate" during bidding for this tender. The certificate is awarded by Ministry of Industry Commerce and Tourism to the SMEs and can be obtained when applying on the SMEs Registration System which can be reached via the following link: https://www.moic.gov.bh/en/eServices/sme
  • Vendors who are not registered in the Tender Board's e-tendering system shall be required to register through the below-mentioned link, and for assistance please contact the Tender Board through email helpdesk@tenderboard.gov.bh or call on Tel No. +97317566617.
  • For Registration

Inquiries

For further inquiries please contact on:

Labour Market Regulatory Authority
  17388779