Standard Form of Bidding Documents for Procurement of Works on ...

44.10 The Proposed Financial Package
44.10.1 Each element <strong>of</strong> the financial package shall be clearly identified. The
in<strong>for</strong>mation provided shall include, but not be limited to:
a) The proposed level <strong>of</strong> equity to be provided, the source <strong>of</strong> such equity,
the proposed `draw-down pr<strong>of</strong>ile‟ <strong>for</strong> this equity and the rate <strong>of</strong> return
that is required on this equity; and
b) The level <strong>of</strong> senior debt that will be sought, and the source(s), <strong>for</strong>m(s),
anticipated interest rate(s) and repayment pr<strong>of</strong>ile(s) <strong>for</strong> such loan(s).
44.10.2 Particular merit will be given, during the evaluation process to those Bidders
whose submissions minimise the need <strong>for</strong> public sector financing.
44.11 Taxation
The Concession Company‟s obligations to taxation and any taxation
allowances are clearly identified in the Concession Contract Agreement.
The Bidder should state its acceptance <strong>of</strong> these obligations and should show
the extent and timing <strong>of</strong> its tax provision and the proposed tax depreciation
policy that will be adopted <strong>for</strong> each category <strong>of</strong> asset. (It should be assumed
<strong>for</strong> taxation purposes that the residual value <strong>of</strong> all assets at the end <strong>of</strong> the
Concession Period will be zero).
44.12 Pr<strong>of</strong>it Sharing with the Employer
The Bid will be based on the condition that the Employer will receive a
minimum <strong>of</strong> %age share <strong>of</strong> gross revenue, as stated in the <strong>Bidding</strong> Data,
accruing to the Project in any year, once the project achieves positive cash
flow. The anticipated payments to the Employer under this pr<strong>of</strong>it sharing
provision shall be clearly indicated in the Bid. The year <strong>of</strong> Revenue Sharing
with the GOP will be clearly stated.
44.13 Other In<strong>for</strong>mation
Any other in<strong>for</strong>mation that is needed to provide a clear understanding <strong>of</strong> the
Bidder‟s financial analysis should be included in this section <strong>of</strong> the
submission.
44.14 Letter <strong>of</strong> Financial Proposal
A definitive summary <strong>of</strong> the key elements <strong>of</strong> the Bid shall be provided by the
Bidder. This statement shall include the following in<strong>for</strong>mation:
a) The Concession Company‟s equity commitment;
b) Schedule <strong>of</strong> public sector grant requirements, showing amounts
required and dates on which payments will be due;
c) Schedule <strong>of</strong> first year toll/benefits/fees etc. rates
d) Schedule <strong>of</strong> amendments that will be sought prior to the signing <strong>of</strong> a
Concession Agreement (if any);
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