Request for Proposal for Appointment of Arrangers for ... - GAIL

F. Evaluation Methodology
For First Stage Bidding Process
1. The bidder shall meet the BEC in total so as to be eligible for the opening of their
price bids. Evaluation would be based on the concept of least cost.
2. Bidder must give their complete and un-conditional consent to the scope of work /
deliverable and not take any deviation what so ever. Any unacceptable deviation to
the above may lead to the rejection of the bid.
3. The L-1 bidder / bank based on the lowest fees quoted and meeting the evaluation
criteria would be given the mandate, for acting as an Arranger for GAIL for the
complete scope of work of this proposal.
4. However, in case of a situation where more than one bank quotes the same fees for
arranging the US Exim guarantee then the mandate would be given to the bank that
has a higher ranking in the Dealogic Table relating to Global ECA backed trade
finance loan excluding aircraft and shipping finance. The latest data available for
the full calendar year would be considered.
For Second Stage Bidding Process
1. In the second stage a fresh bid would be called wherein the bank would be
requested to submit the bid for the cost of funding based on an indicative term
sheet.
2. The bidder(s) who participated in the first stage bidding process and were short
listed in terms of the BEC for price bid opening would only be eligible to
participate individually or as consortium in the second stage bidding for quoting
the price / cost of funding based on the indicative term sheet.
3. The bids in the second stage would be evaluated and price bids would be opened
for the bidders complying with the terms of the indicative term sheet in total.
4. In case the L-1 bank for providing the fund is the same as the bank which arranged
the ECA Guarantee, the entire mandate for raising the funds would be given to the
same bank.
5. However, in case the L-1 bank for providing the funds is not the same as the bank
which arranged the ECA Guarantee, the mandated Arranger bank who have
arranged the ECA guarantee would be given an option to match the L-1 rates. In
case the Arranger matches the L-1 rate, it would be given a 50% share in the