Requests for Expressions of Interest (EOI) Design and Implementation of a Fee Calculator Web-Based Application

Published: Tuesday February 14th, 2023

The Central Bank of The Bahamas and the Office of The Financial Services Ombudsman (the Bank) invite submission of expressions of interest (EOI) from qualified persons to design and develop a Financial Services Fee Calculator.

To advance greater financial literacy, consumer awareness, and protection, the Bank would like to develop a calculator application that would output likely fees for certain types of industry products and services.

It is anticipated that a piloted version of the Fee Calculator will be available for testing within eight (8) weeks, and offer a readily useable interface with optional cookies to allow for the retention of data lodged through its use.

Parties interested in responding to this EOI must submit a white paper outlining relevant experience and resources (including potential strategic partnerships) that might suit this initiative.

PDF white papers are due no later than 06 March, 2023. Responses shall be submitted via e-mail only to [email protected]. Proprietary information, if any, should be minimized and MUST BE CLEARLY IDENTIFIED. Please be advised that all submissions become the Bank’s property and will not be returned.

Section 1 of the white paper must provide administrative information and must include the following at a minimum:

1. Name, mailing address, phone number and e-mail of designated contact.
2. Terms of contractual relationships.
3. Business type, background and key personnel.
4. Client portfolio of similar or related project implementations.
5. Geographic location of resources and support. 
6. Capacity to provide 24/7 support on critical issues. 
7. Implementation model and approach. 
8. Proposed technology stack and main architectural concepts/patterns used in developing the solution.

Please find the Confidentiality Agreement attached. In order for your submission to be considered complete, the attached form should be completed by inserting, where indicated, your company’s name, date and the signature of one of your company’s authorized signatories.

Questions regarding this announcement shall be submitted in writing by e-mail [email protected]. Verbal questions will NOT be accepted. Interested parties are encouraged to visit the Bank’s website to ensure they receive any information updates connected with this EOI.