Due Diligence Exercise on Compensation of JICs and DFIs

This tender invites qualified firms to conduct a detailed due diligence exercise on the compensation structures of Joint Investment Companies (JICs) and Development Finance Institutions (DFIs) established by the Government of Pakistan. Based in Islamabad, the Ministry of Finance and Revenue, Finance Division seeks expert consultancy services to analyze and reform compensation frameworks within the financial sector. The scope includes a comprehensive review of fixed pay, bonuses, deferred compensation, pensions, and other benefits. The assignment involves actuarial valuation of perks such as housing, vehicles, and medical allowances. Firms will benchmark compensation against domestic banks and peer institutions, applying risk-adjusted metrics and development-linked KPIs. The deliverables include a compensation due diligence report, a new pay philosophy, governance reform toolkits, and a phased implementation roadmap. The consultancy is expected to be completed within 8 to 10 weeks, requiring firms with over 10 years of financial advisory experience and proprietary compensation data. Bidders should ensure compliance with PEC registration and maintain valid FBR/ATL status for the 2025-26 financial year. The tender requires submission of a Bid Security of 2% of the bid value and adherence to the Public Procurement Rules, 2004. Firms must submit a signed Integrity Pact and meet all eligibility criteria to be considered responsive. The submission deadline is set for 30th March 2026 at 10:30 AM, with technical bids opened the same day at 11:00 AM. Proposals must be submitted electronically via the PPRA e-Procurement portal (EPADS) and hard copies delivered to the Section Officer (HR-I), Finance Division, 3rd Floor, Room No.332, Q-Block, Pak Secretariat, Islamabad. Pro-Tip: Carefully review the bid security and Integrity Pact requirements as missing or incomplete documentation in these areas often leads to disqualification. Also, attend the optional pre-bid meeting on 9th April 2026 to clarify any ambiguities and strengthen your proposal.