Revised RFP for Lease Cum Development of Tourism Properties ...

Development of Tourism Properties, Uttar Pradesh
1. Submit the certificate of incorporation, Memorandum of
Association (MoA) and Articles of Association (AoA).
2. Annual Report of the Company (last 3 years i.e. Years 2008-09,
2009-10, 2010-11).
In case of Consortium the above document shall be submitted for each
member of the Consortium.
b. Financial Criteria: The Bidder shall have a Net Worth (the “Financial
Capacity”) as indicated in Annexure-2, for the latest financial year
preceding the Bid Due Date (i.e. as on 31 st March 2011).
The bidder can bid for more than one Unit / Cluster or for all the 68
Units (as listed in Annexure-1) however, the final selection of the
Successful Bidder (Developer) would be limited to the number of
Units/Clusters that is deemed eligible as per the financial eligibility
criteria as mentioned in Annexure-2. In case the bidder is found suitable
for more Units / Clusters than it is eligible (based on the financial
eligibility criteria), the Units / Clusters in which the bidder is successful
will depend on the order of preference as mentioned by the bidder in
Annexure-A1 which is to be submitted along with the Technical Bid.
In case of a Consortium, the Lead Member of the Consortium should
satisfy at least 51% (fifty one percent) of the above financial criteria.
3.2.2 (A) Where the Bidder is a single company, it may be required to form an
appropriate Special Purpose Vehicle, incorporated under the Indian Companies
Act, 1956 (the “SPV”), to execute the Agreement and implement the Project. The
equity share holding of the Bidder in the issued and paid up equity share capital of
the SPV shall not be less than (i) 100% (hundred per cent) till the successful
completion of the Development Obligations or a period of 5 (five) years from the
date of signing of the Agreement (“the Appointed Date”) [whichever is later] and
51% (fifty one percent) thereafter till the end of the Lease Period.
3.2.2 (B) In case the Bidder is a Consortium, it shall, in addition to forming an SPV,
comply with the following additional requirements:
a. Number of members in a consortium shall not exceed 3 (Three)
b. the Bid should contain the information for each member of the Consortium;
c. members of the Consortium shall nominate one member as the Lead
member (the “Lead Member”), who shall have an equity share holding of
at least 51% (Fifty one per cent) of the paid up and subscribed equity of the
SPV. The nomination(s) shall be supported by a Power of Attorney, signed
by all the other members of the Consortium;
(i)
It is mandatory that the Lead Member of the Consortium shall
maintain a minimum equity component of at least 51% (fifty one
percent) till the successful completion of the Development
Obligations or a period of 5 (five) years from the Appointed Date,
Request for Proposal 10