Background

Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by International Finance Corporation (IFC of World Bank Group), Asian Development Bank and HDFC Investments Ltd. of India, jointly holding 51% of shares.

Over the years HDFC has developed and launched a number of products since its privatization and has built the housing portfolio of over MVR 1.6 billion, both covering Conventional Home Loans and Islamic facilities for home construction, home purchases and home renovation.

HDFC seeks competent individuals/firms with necessary technical capacity to register interest by submitting Expression Of Interest for the provision of “Technical Support Services” as per the scope below.

Scope

• Perform planned and regular inspections/work in progress of the buildings financed by HDFC as per the approved drawings provided by HDFC, and ensure completion of works as per the work schedule
• Review “Bill Of Quantities” (BOQs) /estimate received with the loan/facilities
• Check, review and report drawdown, work schedule and contractor agreements and ensure works are carried out in accordance with the company policies.
• Prepare valuation reports (if required)
• Conduct market survey/regular research to understand prevailing land and construction rates

Submissions and Instructions

The following documents should be submitted along with the proposals:

1. Proposal with quotation
2. Company profile / Curriculum Vitae of individual
3. Company registration / ID card of individual
4. Reference letters or other supporting documents

Applicants may obtain further information from the following contacts:

Technical Officer - 3000119

Head of Credit - 3000108

Invitation and Deadline for Submission of Expressions of Interest (EOI) & Quotation

Interested individuals/firms are requested to express interest by submitting proposals no later than March 25, 2023 1430hrs to the following address. HDFC will only respond to the selected firm/individual.

Housing Development Finance Corporation Plc.,

3rd Floor, H. Mialani, Sosun Magu, Male, Republic of Maldives.

Tel +960 3334666, Email: [email protected]