The Adaptation Fund was established by UNFCCC to finance concrete adaptation projects and programmes in developing countries. Since 2010; the Adaptation Fund (AF) has committed over USD 1 billion for climate change adaptation (CCA) and resilience projects and programmes; including 150 concrete; localized projects in the most vulnerable communities of developing countries around the world with over 38 million total beneficiaries. The Fund is financed largely by government and private contributors; and also from a 2% (two percent) share of proceeds of Certified Emission Reductions (CERs) issued under the UNFCCC Kyoto Protocol¡¯s Clean Development Mechanism projects. The Technical Evaluation Reference Group of the Adaption Fund (AF-TERG) was established in 2018; as an independent evaluation advisory group accountable to the Adaptation Fund Board (the ¡®AF Board¡¯ or the ¡®Board¡¯); to ensure the independent implementation of the Fund¡¯s evaluation framework; which was replaced by the new Evaluation Policy[1] <https://worldbankgroup-my.sharepoint.com/personal/varnaoudov_adaptation-fund_org/Documents/Desktop/Tender%20Preparation/CE/Request%20for%20Expressions%20of%20Interest%20%28CE%29.docx#_ftn1> in October 2023.The Board; at its thirty-ninth meeting (October 2022);[2] <https://worldbankgroup-my.sharepoint.com/personal/varnaoudov_adaptation-fund_org/Documents/Desktop/Tender%20Preparation/CE/Request%20for%20Expressions%20of%20Interest%20%28CE%29.docx#_ftn2> decided (Decision B.39/57)[3] <https://worldbankgroup-my.sharepoint.com/personal/varnaoudov_adaptation-fund_org/Documents/Desktop/Tender%20Preparation/CE/Request%20for%20Expressions%20of%20Interest%20%28CE%29.docx#_ftn3> ¡°to adopt a phased approach to the second overall evaluation of the Fund; while proceeding urgently with a Rapid Evaluation as a first phase and undertaking a Comprehensive Evaluation at a later stage; with a view to contributing to the development of the Adaptation Fund¡¯s third medium-term strategy (MTS) for 2028-2032. One element of the comprehensive evaluation is an evaluation of the governance; and the processes and systems (G/PS) that support it in the Adaptation Fund. Therefore; the Adaptation Fund would like to seek the support of a qualified vendor to conduct this evaluation of the governance of the Fund and the processes and systems that support it in line with the Evaluation Policy and the existing guidance notes.