Consultancy Services to undertake an economic valuation and cost benefit analysis of the Benguela Current Large Marine Ecosystem (BCLME)
The deadline for the submission of tenders is 14 June 2019
The Proposal shall comprise the following documents in both hard copy and in electronic copy
(flash disk in rich text format):
a) Technical Component (six copies)
b) Financial Component (six copies)
The consultancy is expected to value the current ecosystem goods and service and estimate the
net benefit provided by these goods and service at national and regional level. The valuation
will use a combination of methodologies as described in the “Guidance to Tier 1 and Tier 2 of
Approximation to Economic Valuation”, developed under the GEF International Water:
Learning Exchange and Resources Network.
To achieve the objectives of the study, the consultant is expected to:
(a) Gather relevant information from literature and liaise with BCC to identify key
ecosystem goods and services in the BCLME region;
(b) Gather relevant information from literature and liaise with BCC to identify and value
important biodiversity aspects for each member country;
(c) Asses the total economic value of ecosystem goods and services and their contribution
to the Gross Domestic Product (GDP) of each member country where applicable;
(d) Use the economic valuation results to undertake a Cost-Benefit Analysis (CBA) of the
goods and services in the BCLME;
(e) Liaise with the BCC and the consultants that are updating the TDA to provide economic
data/information and contribute to the determination of the environmental and socio-
economic impacts (including economic valuation of transboundary ecosystems and
services);
(f) Use this economic analysis to identify policy priorities and economic trade-offs;
(g) Provide policy recommendations and options for enhancing sustainable economic
development potential in the BCLME region for consideration in the SAP;
4
(h) Prepare and present draft report with recommendations to the Parties (countries) at
national validation workshops and one regional workshop;
(i) Compile the final report which will take into account the stakeholder comments and
recommendations.
2.3. Expected outputs
The consultants will deliver the following outputs:
1) Inception report
2) National validation reports and presentations on the economic valuation and cost
benefit analysis
3) First draft report on regional economic valuation and cost benefit analysis
4) Regional validation report and presentations on economic valuation and cost benefit
analysis
5) Final report on economic valuation and cost benefit analysis with policy
recommendations for SAP
3. TIMELINE
It is anticipated that the consultancy will run from July 2019 to April 2020.