Cooperative Legislation for Bermuda

The Bermuda Government is desirous of creating a cooperative eco-system in Bermuda and as such, the Bermuda Economic & Development Corporation created a Economic & Cooperative Development Unit (ECD) in February 2018. Since that time, the ECD Unit has involved the Island in continuous cooperative education and public engagement initiatives aimed at raising the awareness, knowledge, and skills of cooperatives. In order to shore up and progress the cooperative framework, the BEDC and the Government believe specific cooperative legislation is needed. BEDC is requesting proposals from qualified legal persons and firms to research and develop a legal policy on cooperatives leading to the creation of cooperative legislation for Bermuda so that cooperatives can be considered by entrepreneurs, companies, and business owners as a viable business model and legal structure for their enterprises.

          The scope of services includes the following:

• Research and review of Bermuda’s company/business legislation.
• Research and review of cooperative legislation internationally.
• Recommendations on policy and legislative provisions.
• Recommendations on amendments to existing legislation or the creation
  of new legislation.
• Drafting of legal policy document recommending the best legislative options,
  creating the legislation framework, and inclusion of the provisions which should be in the cooperative legislation.
• Drafting cabinet memorandum for approval of cooperative legislation and the
  drafting instructions required to create the act.
• Drafting legislative brief for debate of legislation by Bermuda’s Parliament.
• Presenting draft legislation to the public for best inputs.

Vendor proposals must be submitted by 5.00 pm Tuesday March 24, 2020. Proposals received after the deadline will be deemed non-compliant and will not be considered.

3.1 Proposals may be submitted via email to wspriggs@bedc.bm, with a copy sent to jstarling@bedc.bm. Emails that contain RFP proposal submissions should contain the following information in the subject line: “Cooperative Legislation for Bermuda RFP – ”.

3.2 Proposals may also be mailed, or hand delivered to the following address: Bermuda Economic Development Corporation, Sofia House, 48 Church Street Hamilton, HM 12 Bermuda, Attention: W. Spriggs

3.3 All proposals and accompanying materials shall become the property of the BEDC upon receipt and will not be returned.

3.4 All conditions contained within this RFP shall be considered accepted by vendors that participate in this solicitation.

3.5 All information submitted with the RFP will be kept confidential. The BEDC is not obligated to award orders or contracts to vendors that participate in the RFP process.

3.6 Provisions of this RFP and the contents of the successful proposal may be included in the final contract.