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Selection of Individual Consultant to conduct valuation of the fixed assets of the ECOWAS institutions based in Nigeria

Date : 22 Mar 2022 - 11 Apr 2022
Venue : ECOWAS Commission,
Town : ABUJA
Country : Nigeria

(Consulting services – individual consultant selection)
Selection of Individual Consultant to conduct valuation of the fixed assets of the ECOWAS institutions
based in Nigeria.

EOI_ECOWAS fixed asset valuation

Reference No. ECW/IC/ADM-GA-1/22-03/gd
In the framework of the execution of the 2022 Budget, The Economic Community of West African States
(ECOWAS) intends to apply a portion of its budgeted counterpart funds for the Selection of an Individual
Consultant to conduct valuation of the fixed assets of the ECOWAS institutions based in Nigeria.
2. The objective of the consultancy service is to more accurately determine the current values of the assets
that have been acquired over a number of years for Management decision making.
3. The consulting services (“the Services”) include the following as shown below and the duration of the
contract shall be for a period of 3 months.
Duties and Responsibilities of the Consultant:
The professional service and responsibilities of the consultant will include but not be limited to the
i. Collection of Asset Data through survey: The consultant shall collect data from all offices using
a Data Collection Sheet (DCS). The DCS should be prepared in a particular format to gather data
like name and description of item, historical cost, depreciation (if any), location, condition, etc.
ii. Determine present condition: The consultant shall determine present condition of all fixed assets
and classify them into serviceable/repairable/unserviceable/obsolete, etc. No valuation is required
for un-serviceable or obsolete assets but their detail information shall be provided. Current market
value of serviceable and repairable assets and their estimated remaining life shall be determined
4. The ECOWAS Commission now invites eligible Individual Consultants (“Consultants”) to indicate their
interest in providing the Services. Interested Consultants should provide information demonstrating that they have
the required qualifications and relevant experience to perform the Services. The shortlisting criteria are as follow:
Qualification / Experience
▪ The consultant must have a proven and verifiable experience in the field of asset valuation
conducted for international organizations or institutions of similar size as the ECOWAS
▪ The consultant must also possess good business reputation (such as absence of negative
reports in the media about company’s activity, absence of court decisions confirming the
incompetence, or lack of professionalism of valuer, etc).
▪ The consultant must be an active member of the Nigerian Institute of Estate Surveyors &
▪ The individual consultants shall be fluent (reading, writing, speaking) in one (1) of the ECOWAS
Official Languages (English, French or Portuguese) and the practical knowledge (reading, writing,
speaking) of an additional one would be an advantage.
NB: The attention of interested Individual consultants is particularly drawn to Article 118 of the ECOWAS Revised
Procurement Code (“Infringements by Candidates, Bidders and Awardees”), providing information on corrupt
or fraudulent practices in competing for or executing a contract. In addition, please refer to the following specific
information on conflict of interest related to this assignment as per “Article 119 of the ECOWAS Revised
Procurement Code.

5. The Consultants will be selected in accordance with the Selection of Individual Consultant set out in the
Consultant Guidelines. The shortlisted candidates will be interviewed for the position.
Interested consultants may obtain further information at the email addresses below during office hours: Monday to
Friday from 9.00 am GMT+1 to 5.00 pm GMT+1.
with copy to:;;;;

6. Expressions of Interest (1 original and 3 copies) must be delivered in sealed envelopes and clearly marked
“Selection of an Individual Consultant to conduct valuation of the fixed assets of the ECOWAS institutions
based in Nigeria, to the address below latest by April 11, 2022 at 11.00 am (GMT+1), Nigerian Time.
The ECOWAS Tender Box is located at the Directorate of General Administration, Procurement Division, 1st
Floor ECOWAS Commission, 101 Yakubu Gowon Crescent, Asokoro District, P. M. B. 401 Abuja Nigeria.
Please note that electronic submissions are also accepted and shall be addressed to the e mails stated above.
This EOI is also published on the ECOWAS website

Commissioner , General Administration & Conference

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