Procurement of a New Personal Account Card System (Design, Supply, and Installation)

Project: P176803 - Fourth Public Sector Modernization Project Reference: PSMP4-GO-RFB-2.1.4 Procurement method: Request for Bids Financing: World Bank Contract Award Project: P176803-Fourth Public Sector Modernization Project Loan/Credit/TF Info: IBRD-93380 Bid/Contract Reference No: PSMP4-GO-RFB-2.1.4 Procurement Method: RFB-Request for Bids Scope of Contract: Procurement of a New Personal Account Card System Notice Version No: 1 Date Notification of Award Issued (YYYY/MM/DD) 2023/06/12 Duration of Contract 58 Week(s) Awarded Bidder(s): TEAM SOLUTIONS (662298) 24/1, ave. Azatutyan, Yerevan, Armenia Country: Armenia Bid Price at Opening AMD 589200000.00 Evaluated Bid Price AMD 491000000.00 Signed Contract price AMD 589200000.00 Beneficial Ownership Details TEAM SOLUTIONS (662298) Form Date: 19-JUN-23 Name Nationality Residence Country Conditions Met Alexander Yesayan AM Armenia Directly or indirectly holding 25% or more of the shares Hayk Yesayan AM Armenia Directly or indirectly holding 25% or more of the shares Rejected Bidder(s): DANIAM LLC (664239) Armenia Country: Armenia Bid Price at Opening AMD 780000000.00 Evaluated Bid Price AMD Reason for Rejection Non Responsive