IC LTA for Investment Officer for Asia and the Pacific (Up to 10 positions)

UNCDF would like to enter into a non-exclusive Framework Agreement, also known as Long-Term Agreement (LTA), with a roster of consultants that will perform the services described in this TOR on a need-basis.   In UNCDF, an LTA is a framework agreement between UNCDF and a company or individual where the latter may, at any time within the duration of the LTA, be required to render the agreed services at the agreed and fixed unit prices.  An LTA can be valid for a minimum period of 12 months, with potential extension for up to two (2) additional years, depending on satisfactory performance of the individual / company.

Where a request for service arises, UNCDF can engage the individual holding an LTA through a “call-off” of the LTA.   Every call-off shall have specific tasks, scope of services and outputs to be delivered within a specific period of time.   For this particular work, the call-off shall be formalized through the issuance of a Purchase Order, attaching thereto the TOR, and any other document relevant to the call-off.  Financial commitments will only be established each time a Purchase Order for the specific services/TOR for Individual Contractor is issued.

The LTA shall have a cumulative ceiling amount that may accrue to the individual contractor during the life of the LTA, but said amount shall remain as an upper limit, and must not and cannot be interpreted nor understood as either a financial commitment nor guarantee of business volume.  It is important to note that, under an LTA, UNCDF does not guarantee that any specific quantity of services shall be procured during the term of this agreement.  The LTA does not form a financial obligation nor commitment from UNCDF at the time the LTA contract is signed.