Implementation of a risk management system
About This Opportunity
Request for Expression of Interest | Project: Connectivity and Transport Sector Improvement Project | Method: Quality And Cost-Based Selection | Ref: UZ-CTSI-1004-CS-QSBS-UTY-PM-04
This is a consulting contract in the infrastructure, education and training and transport and logistics sectors, with a focus on Freight and Logistics. Located in Uzbekistan, Central Asia, this opportunity is open to firms and consortiums. Proposals must be submitted before August 17, 2026.
Published through WB - World Bank, a multilateral development bank that follows standardized international procurement guidelines. Projects funded by multilateral institutions are generally open to international bidders from eligible member countries for consulting in the infrastructure sector. Consulting assignments are typically evaluated with a strong emphasis on the technical proposal, including the methodology and qualifications of key experts. Shortlisted firms may be invited to submit financial proposals in a second stage. Interested parties should review the full documentation on the original source before submitting their proposal.
Description
REQUEST FOR EXPRESSIONS OF INTEREST
(CONSULTING SERVICES – FIRMS SELECTION)
REPUBLIC OF UZBEKISTAN
CONNECTIVITY AND TRANSPORT SECTOR IMPROVEMENT PROJECT
Project ID: P509487
Assignment Title: Consulting Services for the Implementation of an Enterprise Risk Management (ERM) System for JSC “O‘zbekiston temir yo‘llari”
Reference No. (as per Procurement Plan): UZ-CTSIP-1004-CS-QCBS-UTY-PM-04
The Republic of Uzbekistan has applied for financing from the International Bank for Reconstruction and Development (IBRD) of the World Bank Group toward the cost of the Connectivity and Transport Sector Improvement Project (CTSIP), and intends to apply part of the proceeds for consulting services.
The consulting services (“the Services”) include the design, development and implementation of an integrated Enterprise Risk Management (ERM) system for JSC “O‘zbekiston temir yo‘llari”, based on the COSO Enterprise Risk Management Framework, the COSO Internal Control – Integrated Framework (ICIF), and the requirements of the ISO 31000 Risk Management standard. The assignment comprises three stages: (i) assessment of the current risk management and internal control system and development of a target ERM operating model and implementation roadmap; (ii) development/updating of the ERM methodological documents package; and (iii) joint, on-the-job implementation of the risk management system, including training of Client staff.
The Terms of Reference (TOR) for the assignment are attached to this request for expressions of interest.
JSC “O‘zbekiston temir yo‘llari” (the “Client”) now invites eligible consulting firms (“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:
1. Experience working in international consulting firms of a similar level: The Consultant's team includes professionals with senior-level backgrounds in leading international audit, risk, and consulting practices, holding globally recognized certifications (CIA, CRMA, PRM, FCCA, ISO31000).
2. The Consultant's team experience in providing COSO-based ICF/ERM implementation services in Uzbekistan or other CIS countries: The Consultant team has direct, hands-on experience designing and implementing COSO ICF/ERM and ISO 31000-based risk management systems for large non-financial sector enterprises in Uzbekistan and other CIS countries.
3. Local presence (branch or representative office) in the Republic of Uzbekistan and familiarity with national legislation: The Consultant is headquartered in Tashkent, Uzbekistan, with established local presence and availability for regular physical meetings with the Employer. The Consultant demonstrates familiarity with national legislation and regulatory requirements applicable to state-owned enterprises.
4. Team's proficiency in the project's working languages (Russian and English): The team must demonstrate strong command of both Russian/Uzbek and English, the working languages of the project, ensuring effective communication, accurate documentation, and clear reporting throughout the assignment.
(Note: Consultants shall clearly describe relevant assignments, indicating the client, country, duration, scope of services, and role of the firm.)
Key Experts will not be evaluated at the shortlisting stage.
The shortlist will contain 5 to 8 firms.
The attention of interested Consultants is drawn to Section III, paragraphs 3.13, 3.15, and 3.16 of the World Bank's “Procurement Regulations for IPF Borrowers” September 2025 (“Procurement Regulations”), setting forth the World Bank's policy on conflict of interest.
Consultants may associate with other firms to enhance their qualifications, but should indicate clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected.
A Consultant will be selected in accordance with the Quality and Cost-Based Selection (QCBS) method, as set out in the World Bank's Procurement Regulations for IPF Borrowers and as further detailed in the Request for Proposals (RFP).
Further information can be obtained at the address below during office hours.
Expressions of interest must be delivered in a written form to the address below (in person, or by mail, or by e-mail) by August 17, 2026, 6.00 pm (Tashkent time). Late expressions of interest will be rejected.
Interested firms may obtain the Terms of Reference upon written request submitted to the Project Implementation Unit at the following address: u.dosmetov@uzrailway.uz
JSC “O‘zbekiston temir yo‘llari”
Attn: Dosmetov Ulugbek Sultanbay ugli
Head of the Transformation Office
7, Taras Shevchenko Street, Mirabad district
100060, Tashkent city, Republic of Uzbekistan
Tel: +998 90 318 36 66
E-mail: u.dosmetov@uzrailway.uz
Data provenance
This notice is sourced from WB - World Bank and was originally published on July 31, 2026. Last refreshed today. Reference: OP00459979. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About Connectivity and Transport Sector Improvement Project
Connectivity and Transport Sector Improvement Project has issued 3 procurement notices on BidsFactory, including 2 currently open and 0 awarded contracts. Activity concentrates in Education & Training, Transport & Logistics, and Infrastructure. All notices are published for Uzbekistan. Notices are distributed via WB - World Bank. Most recent publication: July 31, 2026.
Frequently asked questions about this tender
When does this tender close?
The submission deadline is August 17, 2026. You have 7 days left to prepare and submit your proposal to the contracting authority.
Who is the contracting authority?
This notice was issued by Connectivity and Transport Sector Improvement Project in Uzbekistan. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
What type of contract is this?
This is a Consulting contract in the Infrastructure sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
Where will the contract be performed?
The contract is for delivery in Uzbekistan. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
How can I submit a bid?
Visit WB - World Bank to access the full notice, required documents, and submission instructions. Quote reference OP00459979 when communicating with the contracting authority.
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