for the Preparation of Macroeconomic Model Improvement Project

for the Needs of the Central Bank of Montenegro




Project Objective


To improve the aggregate macroeconomic econometric model that will serve as a basis for dynamic macroeconomic analysis of application and changes of economic policy instruments and measures in real and monetary spheres.



Project Scope






All copyrights will belong to the Central Bank of Montenegro. The results of the research cannot be published in publications other than those of the Central Bank of Montenegro.



Project Completion Period


The final time limit for the completion of the project is ten (10) months after signing the contract.



Participation Criteria


Bids may be submitted by legal entities registered for the conduct of business activities that are the subject of the Invitation.



Bid Evaluation Criteria




Bid Contents




Special Requirement


Bids that provide for a team with at least two experts with highest academic titles acquired in macroeconomic modeling and monetary policy will be taken into consideration.



Bid Submission and Opening


Bids may be submitted until November 11, 2005 at 12:00 hours (noon), in person or by registered mail, in sealed envelopes, with the indication – “Invitation to Bid No. 011/2005 – Do Not Open Before Formal Meeting of Bid Opening Commission”, to the following address:


Central Bank of Montenegro, Bulevar Svetog Petra Cetinjskog 6, 81000 Podgorica, Montenegro


The bid opening will be public and will take place on November 11, 2004 at 14:00 hours, in the Conference Room at the first floor, at the Central Bank of Montenegro, Bulevar Svetog Petra Cetinjskog 6, Podgorica, Montenegro.


Public bid opening may be attended by bidders’ authorized representatives.


The contract will be awarded to the most favorable bidder.


Untimely and incomplete bids will not be considered.



Contact person:

Marijana Mitrovic, tel. 081/403-281