Operational Framework Consultancy

SUMMARY OF PROCUREMENT

WRI intends to award a fixed-price type contract for a Team of consultants or a Consulting Firm that will support the co-development of the Vumbuzi Impact Africa (VIA) Foundation Operation Framework, including key functions such as accounting, grants and contracts, finance management, IT, human resources, safety and security, sustainability, risk management, and operations. The consultant will adapt existing WRI and TerraFund policies to the VIA Foundation's context, identify gaps, and enhance procedures for efficient and compliant operations.

About the World Resources Institute

Founded in 1982, The World Resources Institute (WRI) is a global environmental think tank that goes beyond research to put ideas into action. We work with governments, companies, and civil society to build solutions to urgent environmental challenges. WRI’s transformative ideas protect the earth and promote development because sustainability is essential to meeting human needs and fulfilling human aspirations in the future.

About the Vumbuzi Impact Africa (VIA) Foundation

The VIA Foundation, established by WRI and Southbridge Investment, aims to support the acceleration and scale-up of finance available for land restoration across AFR100 member countries. By 2025 or sooner, the VIA Foundation will become a financial intermediation partner, managing and disbursing grants and repayable grants for 60-100 projects, each receiving between $50k-$500k.

To achieve this goal, the VIA Foundation needs to develop an effective and transparent operational framework. This framework must align with WRI's standards for transparency, accountability, and compliance with donor requirements and regulatory standards. While WRI has made some progress on drafting an initial operational manual, the VIA Foundation seeks a consultant to build upon this foundation and develop a comprehensive operational framework tailored to the Foundation’s specific context.

SCOPE OF WORK AND OUTPUTS/DELIVERABLES

The team of consultant or consulting firm will work closely with WRI’s TerraFund and WRI Africa teams to develop the operational framework, focusing on the following key functions:

Accounting

  • Review, enhance and adapt existing accounting policies and procedures.
  • Establish internal controls to safeguard assets and ensure financial integrity.
  • Develop guidelines for cash flow management and liquidity planning.

    Grants and Contracts

    • Co-develop a comprehensive grant management framework, including application, evaluation, disbursement, monitoring, and reporting processes.
    • Adapt exiting and create, when needed, templates and tools for due diligence, grant budgeting, contracting, financial reporting, and compliance monitoring.
    • Establish a project grievances and complaints mechanism, including a hotline.

      Finance Management

      • Develop financial management procedures, including budgeting, accounting, and reporting.
      • Enhance internal controls and establish guidelines for financial transactions and liquidity management.

        Information Technology

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