REQUEST FOR PROPOSALS

Development Bank of American Samoa (DBAS)

RFP:   Financial and Single Audit Services for 2008 – 2010

Date of Issuance:   June 23, 2008

Date and Time Due:  July 25, 2008

DBAS requests proposals for financial audits and the related single audits for a period of three years, beginning with the audit of fiscal year 2008 financial statements through fiscal year 2010.  Fiscal and calendar years are coincident at DBAS.

Due Date:  Proposals must be received by DBAS no later than 2:00 p.m. local time on July 25, 2008.  They may be mailed or hand delivered in a sealed envelope to:

                                    Development Bank of American Samoa

                                    POB 9

                                    Attention:  Mrs. Iutita Galea’i, Operations Manager

                                    Pago Pago, American Samoa, 96799

They may also be e-mailed to dbasinfo@dbas.org, as an attachment in Word Format with a confirming e-mail required to confirm receipt; or faxed to DBAS at (684) 633 1163 with a confirming fax to confirm receipt; with the signed original to follow by airmail first class.

Information request:  Requests for information regarding the RFP and/or the facilities may be addressed to:

                                    Mrs. Jilla Piroozmandi, CFO

                                    Development Bank of American Samoa

                                    POB 9

                                    Pago Park

                                    Pago Pago, American Samoa 96799

The Request for Proposals (RFP) describes the specifications for the services to be provided in sufficient detail to permit competition and allow offeror to properly respond to the RFP.

This RFP is issued under Title 28, Chapter 1, of the American Samoa Code Annotated.

DBAS invites the submission of proposals to include pricing and other details as indicated in the specifications.  Attachments will be provided as an aid in presenting a comprehensive proposal consistent with the requirements of DBAS.

DBAS will select a contractor who best meets the needs of DBAS. The factors for selection will include, but not be limited to, the following:  understanding of the requirements of the financial and single audits; verifiable ability to perform well; good reputation; flexibility, including ability to respond quickly to needs of a small client in a remote location and throughout the year; and reasonability of costs.

The proposals will be reviewed by a committee consisting of representatives from DBAS management and board.  The committee may request interviews with potential contractors after reviewing the proposals before the final selection is made.