Contract Award Information: Consulting Services

Name of Project:  4371-ARM: Yerevan Urban Development Investment Project
Contract description:  Financial Audit Cons-04
Winning Contractor:  Grant Thornton CJSC (Armenia) 
Contract price:  AMD 33,378,283 inclusive of local indirect taxes

Scope of Contract:      The objectives of the Annual Project Financial Statements audit are to enable the auditor to express an opinion on the financial position of ADB Loan Loan 4371-ARM project for fiscal years ending 31 December 2024, 31 December 2025, 31 December 2026, 31 December 2027 and for the period ending 31 March 2028 and on the funds received and expenditures made within audit year(s). Separate opinions on the eligibility of claims made in Statements of Expenditure (SOE) and on the Impress Account Statement are also required.
Contract signature date: 31 October, 2025 
Duration: 38 months

 

Name of consultant /firm	Technical score	Final evaluated price  in AMD	Ranking
Grant Thornton CJSC (Armenia)	878	AMD 33,378,283	I*
Baker Tilly Armenia CJSC (Armenia)	840	AMD 37,606,684	-
BDO Armenia CJSC	765	AMD 37,908,000	-

 

* According to the selection method (Least Cost Selection) the firm with the lowest price shall be selected.