Call for Expressions of Interest (EOI) – Recruitment of a Professional Real Property Valuer at BRAC :Deadline: 20-11-2023

Call for Expressions of Interest (EOI)

RECRUITMENT OF A PROFESSIONAL REAL PROPERTY VALUER

Proposal No: 002/NCS/10/2023/BRMCP 

1. Organizational profile

BRAC is the world’s largest development organization dedicated to poverty alleviation and empowerment of the poor. Initiated in Bangladesh in 1972, BRAC now operates in 11 countries across Asia and Africa. To counter poverty and promote social empowerment, BRAC strategically integrates development programs in microfinance, agriculture, health, education, human rights, legal aid, community empowerment and more.

BRAC Rwanda Microfinance Company PLC was registered with Rwanda Development Board in September 2018 and was licensed by the National Bank of Rwanda to operate Microfinance and other financial services in Rwanda in June 2019.

Currently BRAC Rwanda is offering its products and services across four regions (Kigali, Muhanga, Rwamagana and Musanze) through 35 branches operating across 26 districts (Nyarugenge, Kicukiro, Gasabo, Nyamata, Kamonyi, Muhanga, Ruhango, Nyanza, Huye, Gisagara, Nyamagabe, Rusizi, Nyamasheke, Karongi, Rwamagana, Kayonza, Gatsibo, Nyagatare, Ngoma, Kirehe, Gakenke, Gicumbi, Burera, Musanze, Nyabihu, Rubavu) in the country.

2. Objective of the Services

To comply with Law No. 13/2010 of 07/05/2010 which amends and complements Law No. 10/2009 of 14/05/2009 related to mortgage registration, BRAC Rwanda Microfinance Company PLC is looking for a Professional Real Property Valuer to complying with standards and regulations applicable in Rwanda. The Professional Real Property Valuer will conduct the process of real property valuation of collateral provided by clients to BRMCP to access loans. The professional real property valuation company report will lead BRMCP to take the decision on the amount of loan to be disbursed and will help BRMCP in the process of registration and deregistration of mortgages as well as mortgage selling at auction in case of client default.

3. Scope of the work

The mandate shall be to carry out the duties and obligations as provided by the Law No 17/2010 of 12/05/2010 establishing and organizing the real property valuation professional in Rwanda.

 The main obligations/duties of the Company shall be to:

• Exercise proper care skill and attention when providing Services to the Client.
• Respond in a timely manner to all instructions and correspondence from BRMCP in provision of Services.
• Analyze all problems related to the property.
• Exchange information relating to the property.
• Verify if the valuation report includes an official search report and confirmations on whether the property:
  • Has handicaps.
  • Is set aside for any public purpose.
  • Is matrimonial property; or
  • Any other status that may be of interest or that may affect the property as security BRMCP.
• Avoid giving a false result.
• Present data without bias.
• Provide service only in one’s competent field.
• Adhere to valuation standards and applies them thoroughly in every valuation assignment.
  
  
  

4. Duration of the assignment 

The Assignment will be concluded for a period of One Year renewable.

5. How to respond

Interested Professional Real Property Valuer (Companies) are requested to submit the following:

• Letter of expression of interest
• A Notified Real property valuer certificate provided by Regulatory Council for Real Property Valuation
• Technical proposal including valuation methodology and CVs of all team members.
• Financial proposal including detailed breakdown of unit cost, VAT and TAX included.
• At least Two (2) Certificate of good completion with Financial Institutions in which they have conducted a similar work.
• Registration Certificate from Rwanda Development Board (RDB)
• Tax clearance certificate from RRA
• Clearance certificate from RSSB
  
  
  

6. Eligibility criteria 

• Be on the list of certified property valuers for the year 2023.
• Have at least 5 years of demonstrated experience in valuation of real properties.
• Having a certificate provided by Regulatory Council for Real Property Valuation
• Ability to communicate in English.
• Ability to serve clients from Districts stated above.
• Ability to deliver property valuations within reasonable deadlines to ensure quality service to clients.
• The certified property valuers should indicate the Lot they are bidding for as shown below:

• The certified property valuers cannot bid for more than two (2) Lots.
  
  
  

7. Submission

Interested vendors shall electronically submit their EOI to procurement.rwanda@brac.net no later than 20^th November 2023 at 17:00 PM. Late submissions will not be considered. 

8. Contact for more Information

Inquiries and clarifications from eligible Interested Bidders may obtain further information regarding this request of EOI, through contacts:  NSHUTI Henry, Procurement Officer, henry.nshuti@brac.net, +250 789 778 318 from 08.00 – 17.00 Hours local time, from Monday to Friday.

We look forward to receiving your proposals and collaborating with a proficient certified property valuers to elevate the banking experience for our valued customers.

Sincerely,

Silent Clement Gonondo

Chief Executive Officer

BRAC Rwanda Microfinance Plc