Consultant selected for privatization and recapitalization of HPB

16 November 2012

Within the open procedure for the public procurement of consultancy services in the process of privatization and recapitalization of Hrvatska poštanska banka d.d. (HPB), the bid offered by the following group of bidders was selected: CONFIDA-REVIZIJA d.o.o, Zagreb, Croatia; CONFIDA Klagenfurt, Klagenfurt, Austria; Schonherr Rechtsanwalte GmbH, Vienna, Austria and CD Invest Consult GmbH, Vienna, Austria.

The Ministry of Finance issued an invitation to tender for the selection of the consultant for privatization and recapitalization of HPB on September 19, 2012, and two bids were received by the deadline for the submission of bids.

The bids were offered by the following groups of bidders: 
1. CONFIDA-REVIZIJA d.o.o, Zagreb, Croatia; CONFIDA Klagenfurt, Klagenfurt, Austria; Schonherr Rechtsanwalte GmbH, Vienna, Austria and CD Invest Consult GmbH, Vienna, Austria – the price of the bid: HRK 10,421,950.00 including VAT; and
2. BDO Croatia d.o.o., Zagreb, Croatia and Lagerkvist & Partners, Stockholm, Sweden – the price of the bid: HRK 15,100,000.00 including VAT.

The selection criterion applied within this procedure was “the economically most favourable bid”. In addition, along with the price of the bid, the following elements were also evaluated: specific experience of the bidder, adequacy of the privatization plan and methodology and of qualifications and competences of the staff envisaged to work on this project.

During the review and assessment of the received bids, the group of bidders BDO Croatia d.o.o., Zagreb, Croatia and Lagerkvist & Partners, Stockholm, Sweden, was excluded pursuant to the Public Procurement Act, and the remaining bid of the group of bidders CONFIDA-REVIZIJA d.o.o, Zagreb, Croatia; CONFIDA Klagenfurt, Klagenfurt, Austria; Schonherr Rechtsanwalte GmbH, Vienna, Austria and CD Invest Consult GmbH, Vienna, Austria, was estimated as acceptable in both technical and financial aspects.