Development of Financial Management Manual for PMDC Head Office and Project Sites

Pakistan Mineral Development Corporation (PMDC) Islamabad is procuring the development of a comprehensive Financial Management Manual (FMM) covering its Head Office and all project sites. This manual will define financial policies, procedures, and internal controls to ensure standardized, accurate, and transparent financial operations across the corporation. The scope includes planning and diagnostic phases such as initial review of existing financial practices, gap analysis against IFRS/accounting standards, interviews with senior management, and defining objectives. The content development covers financial framework, governance, accounting policies, budgeting, financial reporting, internal controls, taxation compliance, and training workshops. The manual will be finalized and updated periodically to reflect operational realities and regulatory requirements. Eligible bidders must be SBP-approved audit firms on the State Bank panel in Category A, registered with FBR, and compliant with IFAC guidelines. Experience with similar assignments in State-Owned Enterprises (SOEs) and presence in Islamabad, Karachi, or Lahore offices is required. The evaluation will be based on technical and financial criteria with a minimum technical score of 65 marks. The bid security (Earnest Money) is Rs.200,000 in the form of demand draft/pay order. Electronic bids must be submitted via EPAD by 14 May 2026 at 11:00 AM, with opening at 11:30 AM. The original bid security instrument must be submitted before the online deadline. The contract duration is three months with liquidated damages applicable for delays. A practical tip for bidders is to ensure all required documents including company profile, financial soundness proof, affidavits, and detailed CVs are meticulously compiled and submitted. Early preparation and compliance with EPAD submission guidelines will help avoid last-minute technical difficulties and disqualification.