Quotation Estimate Economist in Sri Lanka Colombo –Free Word Template Download with AI

Quotation Estimate

Quotation Estimate No.	QEST/2025/ECN/0047
Date of Issue	14 June 2025
Valid Until	14 July 2025 (30 calendar days)
Prepared For	Ministry of Finance, Sri Lanka Colombo – Policy & Planning Division
Prepared By	Dr. Nimal Perera, Senior Economist & Lead Consultant
Project Location	Sri Lanka Colombo, Western Province
Currency	Sri Lankan Rupees (LKR)

This Quotation Estimate is formally issued by Colombo Economic Advisory & Research Ltd. to provide a comprehensive, itemized financial breakdown for the engagement of a qualified Economist to deliver specialized macroeconomic research, policy analysis, and advisory services within the capital city of Sri Lanka Colombo. The Economist engaged under this Quotation Estimate will operate primarily from our offices in Sri Lanka Colombo and will be available for on-site consultations, stakeholder meetings, and field research across the Western Province as required by the client.

The scope of this Quotation Estimate covers a twelve-month engagement period commencing on 1 August 2025. All rates presented herein reflect the current market conditions in Sri Lanka Colombo and account for the specialized expertise of a senior Economist with over fifteen years of experience in South Asian economic policy, trade analysis, and fiscal planning.

The Economist retained under this Quotation Estimate will perform the following duties in Sri Lanka Colombo:

Conduct quarterly macroeconomic forecasting and GDP growth projections specific to the Sri Lankan economy, with a focus on the Colombo metropolitan region.
Prepare detailed policy briefs and economic impact assessments for government ministries and regulatory bodies based in Sri Lanka Colombo.
Provide advisory support on trade policy, foreign exchange management, and monetary policy coordination in consultation with the Central Bank of Sri Lanka in Colombo.
Lead a team of junior analysts and research assistants to compile monthly economic indicators and sectoral performance reports.
Present findings and recommendations at bi-monthly review meetings held at the client's offices in Sri Lanka Colombo.
Conduct field research, stakeholder interviews, and data collection exercises across Colombo District and surrounding areas.
Develop econometric models and simulation frameworks to assess the impact of proposed fiscal and monetary policies on the Sri Lankan economy.

Item No.	Description of Service / Cost Component	Duration / Qty	Unit Rate (LKR)	Amount (LKR)
01	Senior Economist – Monthly Professional Fee (full-time engagement in Sri Lanka Colombo)	12 months	850,000	10,200,000
02	Econometric Modelling & Data Analysis Software Licences (Stata, EViews, R Studio)	12 months	120,000	1,440,000
03	Field Research & Travel within Colombo District and Western Province (transport, accommodation for outstation visits)	12 months	95,000	1,140,000
04	Publication of Quarterly Economic Outlook Reports (design, printing, distribution in Sri Lanka Colombo)	4 reports	185,000	740,000
05	Stakeholder Workshops & Policy Seminars (venue, catering, materials) – held in Colombo	6 sessions	320,000	1,920,000
06	Junior Research Analysts (2 FTE) – Salaries & Benefits	12 months	280,000	6,720,000
07	Office Space & Utilities Allocation in Colombo (Level 12, World Trade Centre)	12 months	150,000	1,800,000
08	Administrative & Overhead Costs (communication, stationery, insurance, compliance)	12 months	75,000	900,000
09	Value Added Tax (VAT) at 18% (applicable in Sri Lanka)	—	—	5,724,000
TOTAL QUOTATION ESTIMATE AMOUNT				30,584,000

Total in words: Thirty Million Five Hundred and Eighty-Four Thousand Sri Lankan Rupees only.

Payment against this Quotation Estimate shall be made in quarterly instalments within thirty (30) days of invoice issuance. The payment schedule for the Economist engagement in Sri Lanka Colombo is structured as follows:

Advance Payment (25%): LKR 7,646,000 – payable upon execution of the service agreement.
Quarterly Instalments (25% each): LKR 7,646,000 – payable at the end of each quarter (Q1, Q2, Q3, Q4).

All payments shall be made via bank transfer to the account of Colombo Economic Advisory & Research Ltd., Commercial Bank of Ceylon, Colombo Main Branch, Sri Lanka. Late payments shall attract interest at the prevailing Central Bank of Sri Lanka base rate plus two percent per annum.

This Quotation Estimate is valid for thirty (30) days from the date of issue. Beyond this period, rates may be revised to reflect changes in the Sri Lankan economic environment.
The Economist engaged under this arrangement shall maintain strict confidentiality regarding all data, models, and policy documents accessed during the engagement in Sri Lanka Colombo.
Any additional services beyond the scope defined in this Quotation Estimate shall be subject to a separate written amendment and additional cost assessment.
The client reserves the right to terminate the engagement with sixty (60) days' written notice. In such an event, all services rendered up to the termination date shall be invoiced in full.
All intellectual property generated by the Economist and research team during the course of this engagement shall vest in the client upon full payment of the total Quotation Estimate amount.
This Quotation Estimate is governed by the laws of the Democratic Socialist Republic of Sri Lanka. Any disputes shall be resolved through arbitration in Colombo in accordance with the Arbitration Act No. 11 of 1995.
The Economist shall comply with all applicable regulations of the Central Bank of Sri Lanka, the Securities and Exchange Commission of Sri Lanka, and the Inland Revenue Department of Sri Lanka.

By signing below, the client acknowledges and accepts the terms, conditions, and financial obligations outlined in this Quotation Estimate for the engagement of the Economist in Sri Lanka Colombo. This signature constitutes a binding agreement between both parties.

For and on behalf of the Client

Name: ______________________________

Title: ______________________________

Organization: Ministry of Finance, Sri Lanka Colombo

Signature & Date

For and on behalf of the Service Provider

Name: Dr. Nimal Perera

Title: Senior Economist & Managing Director

Organization: Colombo Economic Advisory & Research Ltd.

Signature & Date ⬇️ Download as DOCX Edit online as DOCX

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