Hiring of Consultancy Firm for IFRS-9 ECL Model by SSGC

Sui Southern Gas Company Limited (SSGC) has issued a corrigendum to its Request for Proposal under reference SSGC/SC/NR/EPADS2/14396 for hiring consultancy firm services required for development and implementation of an IFRS-9 Expected Credit Loss (ECL) Model. This is a national level, single stage-two envelope consultancy procurement being managed by SSGC's Procurement Department (DCM) located at ST-4/B, Block 14, Sir Shah Suleman Road, Gulshan-e-Iqbal, in Sindh province. The assignment covers scope of work related to designing, calibrating and deploying an IFRS-9 compliant ECL model for the organisation's financial reporting and risk management functions.

Interested consultancy firms are expected to meet the eligibility and evaluation criteria detailed in the tender document, including relevant technical and financial capability requirements for IFRS-9 and credit risk modelling engagements. Bidders are required to submit technical and financial proposals in a two-envelope format along with any bid security, integrity pact and other procurement forms specified in the tender document, as the process follows a single stage-two envelope evaluation methodology.

The complete Request for Proposal document, including Instructions to Bidders, Terms of Reference, Eligibility and Evaluation Criteria, General and Special Conditions of Contract, and Annexures, is available from SSGC's Procurement Department. This corrigendum was initiated on July 17, 2026. Interested firms may contact SSGC Procurement Department, DCM at the address above, phone +92-322-821-4899, or email mmte@ssgc.com.pk for further details and to obtain bidding documents.

This is a specialised financial consultancy assignment for an IFRS-9 Expected Credit Loss model, requiring niche expertise in credit risk modelling, actuarial or financial risk consulting rather than general contracting. Likely limited to established audit, risk advisory or financial consulting firms with prior IFRS-9 implementation experience. Being a corrigendum, bidders should check the original notice for any revised deadlines, clarified scope or amended eligibility terms before submitting proposals.

Who can bid: The notice does not detail specific eligibility criteria in the extracted content, but consultancy firms typically must be registered with SECP, hold valid NTN and tax registration, and demonstrate prior experience in IFRS-9 ECL modelling, financial risk advisory or actuarial consultancy engagements.