Benin Awards XOF 149.3 Million Contract for Vocational Education and Entrepreneurship Project

Benin has recorded a contract award worth XOF 149,300,000 for the Vocational Education and Entrepreneurship for Jobs Project, an initiative focused on vocational education and entrepreneurship. The contract was awarded to GROUPEMENT FAUCON SECA SARL, a supplier based in Benin, according to the supplied contract award information.

The award is associated with the World Bank and is identified under Project ID P175768. The contract date is October 6, 2026, while the notice was published on October 8, 2026. The procurement notice reference is BJ-ADSC-533796-CS-CQS, and the award notice number is OP00474060.

This Benin vocational education contract award is relevant to businesses working in education, professional training, entrepreneurship support, and development projects. However, the available announcement does not specify the detailed scope of services, implementation period, or individual deliverables. These details should be confirmed through the official procurement documentation before drawing conclusions about the project's exact requirements.

Contract Award Overview

The main details of the Benin Vocational Education and Entrepreneurship for Jobs Project contract are as follows:

• Project Name: Benin Vocational Education and Entrepreneurship for Jobs Project

• Contract Award Value: XOF 149,300,000

• Country: Benin

• Purchaser Details: World Bank, Benin, as identified in the supplied award record

• Winning Supplier: GROUPEMENT FAUCON SECA SARL

• Supplier Location: Benin

• Contract Date: October 6, 2026

• Notice Publication Date: October 8, 2026

• TOT Reference Number: 28950804

• Procurement Notice Reference: BJ-ADSC-533796-CS-CQS

• Award Notice Number: OP00474060

• Project ID: P175768

• Notice Language: French

• Country of Project Implementation: Benin

The contract value is reported in West African CFA francs (XOF). The supplied information does not specify whether the amount includes taxes, reimbursable expenses, or other contractual components.

Project Background and Purpose

The Benin Vocational Education and Entrepreneurship for Jobs Project is associated with development financing from the International Development Association (IDA), part of the World Bank Group. The project reference is P175768.

The award notice provides a more specific description of the contracted work: recruitment of a firm to conduct the financial audit of grant beneficiaries under Phase 2. This makes the award relevant not only to vocational education but also to financial auditing, grant management, and development-project accountability.

Why the Financial Audit Matters

Financial audits help development projects verify how funds have been used and whether expenditure is properly documented. For a project supporting vocational education and entrepreneurship, an audit of grant beneficiaries can help assess financial records and strengthen accountability for grant-funded activities.

The exact audit methodology, beneficiary count, reporting requirements, and deliverables are not fully described in the available award summary. These details should therefore be checked against the complete procurement notice and signed contract.

Scope of Work Under the Contract

The available award record identifies the assignment as a financial audit of beneficiaries receiving grants under Phase 2 of the project. The selected firm is GROUPEMENT FAUCON SECA SARL.

Based on the stated assignment, the work is related to financial oversight of grant beneficiaries. Depending on the terms of reference, such an assignment may involve examining supporting financial documents, reviewing expenditure records, checking compliance with grant conditions, and preparing audit findings. These are typical audit activities, not confirmed deliverables for this particular contract.

The confirmed information is limited to the recruitment of a firm for the financial audit assignment. The announcement does not establish the number of beneficiaries, the audit locations, specific reporting formats, or the detailed schedule of fieldwork.

Contract Duration and Delivery Obligations

The award record lists a contract duration of 12 months. This provides a defined implementation period for the audit assignment. However, the exact commencement date, interim reporting milestones, and final submission deadline are not separately provided in the supplied data.

The contract's practical requirements will depend on the signed agreement and the project's applicable financial management and reporting procedures.

About the Awarding Organization

The award information identifies the World Bank as the purchaser. The project is linked to IDA financing, with the financing reference shown as IDA-D9450 in the available notice record.

The World Bank supports development initiatives through financing, technical assistance, and project oversight arrangements. In projects involving grants, financial accountability is important because funds must be managed and reported according to the relevant financing and project requirements.

For this contract, the audit assignment is connected to grant beneficiaries under the vocational education and entrepreneurship project. The full procurement documentation should be consulted to establish the precise division of responsibilities between the project implementation unit, the financing institution, and the appointed audit firm.

About the Winning Company: GROUPEMENT FAUCON SECA SARL

GROUPEMENT FAUCON SECA SARL is identified as the successful firm in the contract award notice. The record lists its address as 03 BP 4265, Cotonou, Benin.

The award establishes the firm's selection for the financial audit assignment. However, the available information does not provide a verified corporate profile, ownership structure, detailed service portfolio, or record of previous projects. Those details should not be inferred from the award alone.

For procurement professionals and potential suppliers, this award illustrates the relevance of consultancy and professional services in development-funded projects. Firms interested in similar assignments can monitor procurement notices for financial audits, grant verification, accounting services, and project assurance work.

Contract Value and Financial Significance

The award record contains two different financial figures that should be distinguished when reporting this contract.

• Final evaluation price: XOF 149,300,000.

• Signed contract price: XOF 159,254,688.

• Difference: XOF 9,954,688.

The supplied TOT record lists XOF 149,300,000 as the contract value, matching the final evaluation price in the additional award record. However, that record separately reports the signed contract price as XOF 159,254,688.

For accurate reporting, the two figures should not be treated as interchangeable. The signed contract price is the amount reported for the executed agreement, while the final evaluation price is a separate figure from the procurement record. The available information does not explain the reason for the difference.

Businesses reviewing public procurement data should check the final award documentation before using either figure for financial comparisons, market analysis, or business reporting.

Procurement Method and Selection Process

The notice identifies the procurement method as Consultant Qualification Selection (CQS). In this method, the selection process focuses on the qualifications of consulting firms, in accordance with the applicable procurement framework and the specific solicitation requirements.

The available notice includes the following evaluation information:

• Minimum qualifying score: 20.

• Technical score: 20.00.

• Consultant-specific experience score: 20.

• Financial score: 20.

• Combined score: 20.

• Final ranking: 1.

The notice also lists scores of zero for methodology, key personnel, transfer of knowledge, and participation by nationals. These entries should be interpreted in the context of the notice's evaluation format rather than as independent evidence of the firm's broader capabilities.

The available information does not establish the total number of firms that submitted proposals or provide a complete account of the evaluation process. Therefore, it would be inappropriate to claim that the firm defeated a particular number of competitors.

Project Timeline and Implementation

The available dates and duration establish the following timeline:

• October 6, 2026: Date the award notification was issued.

• October 8, 2026: Contract award notice publication date.

• 12 months: Reported contract duration.

These details are recorded in the published award information.

The announcement does not separately specify the commencement date, intermediate milestones, or expected completion date. Although a 12-month duration is stated, a precise completion date should not be calculated without confirming when the contractual period begins.

Benin's Procurement Context and Industry Implications

Benin is a West African country and part of the West African Economic and Monetary Union, whose member states use the CFA franc issued by the Central Bank of West African States. The contract is reported in XOF, the currency code used for this currency.

Within the context of vocational education and entrepreneurship, financial oversight can support accountability for grant-funded initiatives. Independent audit assignments may help project stakeholders understand whether grant expenditure is supported by appropriate records and handled according to applicable requirements.

Potential Opportunities for Businesses

The award may be relevant to firms working in:

• Financial auditing and accounting services.

• Grant management and expenditure verification.

• Development-project monitoring and assurance.

• Vocational education and entrepreneurship support.

• Consulting services for internationally financed projects.

These are related market segments, not confirmed future procurement opportunities arising from this award. Companies interested in similar work should review the eligibility conditions, qualifications, experience requirements, and selection methods stated in individual procurement notices.

Industry Impact and Business Opportunities

The contract connects vocational education and entrepreneurship programming with financial audit services. Its direct purpose, as described in the notice, is to audit grant beneficiaries under Phase 2 rather than to procure training equipment, construct educational facilities, or deliver vocational courses directly.

The assignment may contribute to the project's financial accountability by providing an independent review of beneficiary grant expenditure, subject to the actual scope and terms of reference.

For international consultants and local professional service providers, this award also highlights the importance of tracking development-funded consultancy assignments. Businesses can use contract award notices to understand which types of services are being procured, identify active project areas, and research relevant qualification requirements.

Nevertheless, the award alone does not confirm the project's overall results, the amount of grants distributed, or the number of jobs expected to be created.

Key Takeaways

• Project: Benin Vocational Education and Entrepreneurship for Jobs Project.

• Winning firm: GROUPEMENT FAUCON SECA SARL, based in Cotonou, Benin.

• Reported contract value: XOF 149,300,000 in the supplied TOT record.

• Reported signed contract price: XOF 159,254,688 in the additional award record.

• Award date: October 6, 2026.

• Notice publication date: October 8, 2026.

• Confirmed scope: Financial audit of grant beneficiaries under Phase 2.

• Contract duration: 12 months.

• Procurement method: Consultant Qualification Selection (CQS).

• Project ID: P175768.

The difference between the final evaluation price and the signed contract price is an important reporting detail that readers should verify against the final procurement documentation.

Conclusion

The Benin Vocational Education and Entrepreneurship for Jobs Project contract award highlights the role of financial audit services in development-funded programmes. GROUPEMENT FAUCON SECA SARL was selected to conduct the financial audit of grant beneficiaries under Phase 2, with a reported contract duration of 12 months.

For procurement professionals, consultants, and businesses operating in Benin, the award provides insight into demand for financial auditing and professional consultancy services linked to development projects. Monitoring official procurement notices and contract awards can help businesses identify relevant assignments and understand the requirements of future opportunities.

Readers can explore related government tenders, consultancy opportunities, and contract awards on TendersOnTime to follow developments across international procurement markets.

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