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THE STAR BUSINESSWEEK
MARCH 24, 2018
REGIONAL PUBLIC NOTICES
WWW.STLUCIASTAR.COM
REQUEST FOR EXPRESSIONS OF INTEREST part of the proceeds for consultancy services to Prepare Final Designs for the Pedestrianization of the William Peter Boulevard and Option Designs for the Façade Improvement Programme.
OECS Regional Tourism Competitiveness Project Consultancy to Prepare Final Designs for the Pedestrianization of the William Peter Boulevard and Option Designs for the Façade Improvement Programme Saint Lucia has received financing from the World Bank towards the cost of the OECS Regional Tourism Competitiveness Project (ORTCP) and intends to apply
The consulting services (“the Services”) include carrying out a diagnostic assessment which would require working in consultation and collaboration with the Castries Constituency Council (CCC) to ensure consistency in the approach and inclusion of the broad plans of the CCC for the area, analyses of the functional and architectural requirements for an enhanced William Peter Boulevard (façade and pedestrianization), developing and presentation of four design options for pedestrianization of the Boulevard area based on functional and architectural requirements and identification of the associated involuntary resettlement impacts, elaboration of the selected design option and preparation of final designs for the purposes of execution of the works for the pedestrianization of the Boulevard; preparation of a prototype of the preferred
design option should be for visual display. The duration of the assignment is thirteen (13) man months over a period of eight (8) calendar months (the Terms of Reference may be obtained on the website of the Department of Finance: www.finance.gov.lc and www.govt.lc/ consultancy).
method set out in the World Bank’s guidelines: Selection and Employment of Consultants under IBRD Loans and IDA Credits & Grants by World Bank Borrowers dated January 2011, revised July 2014 (“Consultant Guidelines”). Further information can be obtained at the address below during office hours 8:00 a.m. 4:00 p.m. (0800 to 1600 hours).
Consultants may associate with other firms in the form of a joint venture or a subconsultancy to enhance their qualifications.
Expressions of interest must be delivered in a written form to the address below (in person, or by mail, or by e-mail) by March 24, 2018.
The associations should clearly indicate the form of the association (joint venture or subconsultancy; member in charge; other member(s) and/or subconsultants). Joint ventures shall submit letters of intent indicating their intent to form a joint venture if awarded the contract and shall provide the above mentioned information for each member of the joint venture. A Consultant will be selected in accordance with the Selection Based on the Consultants Qualifications (CQS)
Project Coordination Unit Department of Economic Development, Transport and Civil Aviation Attn: Project Coordinator, Second Floor, Finance Administrative Centre, Trou Garnier, Pointe Seraphine, Castries, Saint Lucia Tel: 758 468-2413 E-mail: slupcu@gosl.gov.lc Website: www.finance.gov.lc
FINANCIALLY SPEAKING Financial Literacy 101 presented by Bank of Saint Lucia
THE INVESTMENT COMMANDMENTS: The concept of investing for many is taboo. Often times the individual’s perception is that either they possess insufficient capital funds to invest or the prospect of investing seems scary or too complex. Investing not only helps to make dollars, it also makes sense. To help beginners navigate and understand this new world of investing the following investment commandments have been compiled.
1. IT ALL STARTS WITH YOU Once the decision is made to invest, it is important to know what you want or expect from your investment. As an investor, you need to think about how long you plan to invest, assess your financial situation and know your risk tolerance. This will determine what return you are willing to accept for the level risk you will be assuming. 2. SPEAK TO A BROKER OR FINANCIAL ADVISOR. As a first time swimmer, the support of an experienced swimmer to guide you is critical. The same applies to investing. The investment landscape consists of a myriad of products and selecting an investment that suits your needs
can seem a bit intimidating at first. A qualified financial advisor can assist in putting your investment fears to rest by explaining the products available and help to determine the one which best suits your needs.
3. CONDUCT SOME OF YOUR OWN RESEARCH. In making crucial decisions regarding your finances, it is always advisable to do your own research. We live in an information age where everything is readily available. Read up on the products you are interested in investing in; find out how it works and if in doubt, speak to your financial advisor. It is your money and the best decision is a well-informed one. 4. DIVERSIFICATION IS IMPORTANT Always be prepared for any eventuality. Consider diversification to help reduce the risk in your investment portfolio. Spreading your risk across different asset classes will help minimize your risk especially if they are not correlated. Think of it as not putting all your eggs in one basket. Faster, safer, more convenient
5. INVEST WITHIN YOUR MEANS A typical pitfall to avoid in investing is buying investment instruments and selling them soon after, perhaps due to liquidity needs. Investments especially sounds ones are best left to grow. Invest what is in your means and see through to maturity. 6. BELIEVE IN WHAT YOU ARE BUYING Once you have done your research and you believe in the investment; then and only then is the time to invest funds.
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