Deadline: 22-May-2026
The United Nations Development Programme (UNDP) has issued a Request for Proposal in Bangladesh to develop a digital remittance management system for migrant workers. The procurement uses a two-envelope system with a 70% technical and 30% financial evaluation weighting, focusing on digital financial inclusion, service delivery innovation, and technology-driven remittance solutions.
Overview of the Opportunity
The UNDP Request for Proposal (RFP) seeks qualified vendors to design and implement a digital solution that improves remittance management for migrant workers in Bangladesh. The initiative aims to strengthen financial inclusion and enhance digital service systems that support migrant workers’ economic well-being.
The project aligns with UNDP’s operational standards and procurement policies under its Programme and Operations Policies and Procedures (POPP).
Key Objectives
The RFP is designed to support innovation in financial and digital systems for migrant communities.
Key objectives include:
- Developing digital remittance management solutions
- Improving financial accessibility for migrant workers
- Strengthening digital financial service delivery systems
- Enhancing efficiency in remittance transactions
- Supporting development-oriented financial management systems
- Promoting technology-driven financial inclusion
- Ensuring alignment with UNDP operational and procurement standards
Procurement Methodology
The selection process follows a structured evaluation system.
Key features include:
- Two-envelope system (technical and financial proposals submitted separately)
- Technical evaluation conducted first
- Financial proposals reviewed only for technically qualified bidders
- Award based on Highest Combined Score methodology
- Technical proposal: 70% weight
- Financial proposal: 30% weight
- UNDP reserves the right to cancel the process at any stage without liability
- Submission treated as a binding offer, not automatic acceptance
Eligibility and Proposal Requirements
Technical Proposal Requirements
Applicants must submit a detailed technical proposal including:
- Company profile and organizational background
- Relevant expertise and experience
- Previous project portfolio (preferably UN or donor-funded projects)
- Detailed methodology and implementation approach
- Work plan and project timeline
- Team structure and roles of key personnel
- Technical capacity and tools to be used
- CVs of key experts and assigned responsibilities
Financial Proposal Requirements
The financial proposal must be submitted separately and include:
- Detailed cost breakdown by deliverable
- Pricing per resource and working days
- Clear allocation of costs per activity
- Currency requirements:
- Local firms: Bangladesh Taka (BDT)
- International firms: US Dollars (USD)
- Fixed pricing for the entire contract duration
Contract Conditions
All bidders must comply with UNDP contractual requirements.
Key conditions include:
- Mandatory acceptance of UNDP General Terms and Conditions
- Non-acceptance may result in disqualification
- Full compliance with procurement rules and POPP standards
- All submitted proposals treated as formal offers
- UNDP retains full discretion over award decisions
Evaluation Criteria
Proposals are assessed based on technical and financial merit.
Evaluation includes:
- Technical quality and feasibility of solution
- Experience in similar digital development projects
- Implementation methodology and innovation approach
- Team qualifications and expertise
- Cost-effectiveness of financial proposal
- Alignment with project objectives and UNDP standards
Importance of the Initiative
This RFP supports broader development goals by:
- Enhancing financial inclusion for migrant workers
- Improving efficiency of remittance systems
- Supporting digital transformation in financial services
- Strengthening secure and transparent financial flows
- Contributing to migrant worker welfare and economic stability
- Promoting innovation in development-focused fintech solutions
Conclusion
The UNDP Bangladesh RFP for a digital remittance management system is a structured procurement initiative aimed at improving financial services for migrant workers through technology-driven solutions. By combining strong technical requirements with a performance-based evaluation system, the project seeks to enhance financial inclusion, efficiency, and innovation in remittance management systems.
For more information, visit UNDP.
