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

Development of Tourism Properties, Uttar Pradesh
advising the Authority in relation to, or matters arising out of, or concerning the
bidding process
6.3.16 After selection, a Letter of Intent (the “LOI”) shall be issued, in duplicate, by the
Authority to the Selected Bidder and the Selected Bidder shall, within 7 (seven)
days of the receipt of the LOI, sign and return the duplicate copy of the LOI in
acknowledgement thereof. In the event the duplicate copy of the LOI duly signed
by the Selected Bidder is not received by the stipulated date, the Authority may,
unless it consents to extension of time for submission thereof, appropriate the Bid
Security of Selected Bidder.
6.4 Contacts during Bid Evaluation
6.4.1 Bids shall be deemed to be under consideration immediately after they are opened
and until such time the Authority makes official intimation of LOI/ rejection to the
Bidders. While the Bids are under consideration, Bidders and/ or their
representatives or other interested parties are advised to refrain from contacting by
any means, the Authority and/or their employees/ representatives on matters
related to the Bids under consideration.
6.5 Payment to be made by the Selected Bidder
6.5.1 The Selected Bidder would be required to make the following payments:
a) Upfront Fee: The Selected Bidder shall, within thirty (30) days of the date of
LOI and prior to signing of the Agreement, be required to pay the „Upfront
Fee‟, in the form of a Demand Draft in favour of “Director General,
Department of Tourism, Government of Uttar Pradesh.” drawn on any
Nationalized or Scheduled Bank payable at Lucknow. The Amount of Upfront
Fee shall be as mentioned in Annexure-2.
b) Annual Lease Rent: The Selected Bidder shall, within thirty (30) days of the
date of LOI and prior to signing of the Agreement, be required to pay the
„Annual Lease Rent‟, in the form of a Demand Draft in favour of “Director
General, Department of Tourism, Government of Uttar Pradesh.” drawn
on any Nationalized or Scheduled Bank payable at Lucknow. The 1 st Annual
Lease Rent shall be paid prior to the date of signing of the Agreement (“the
Appointed Date”); the amount payable shall be calculated pro rata for the
months balance in the current Financial Year. For subsequent years, the
Annual Lease Rent shall be payable in advance of the Financial Year i.e. on
or before the 30 th April of the Financial Year. The Annual Lease Rent shall
be incremented by 5% (five percent) each year over that of the previous year
during the Lease Period. However for avoidance of any doubt it is clarified
here that the Lease period shall be calculated from the Appointed Date and
the year of the Signing of the Agreement shall be treated as 1 st Year of the
Lease Period.
c) Subject to Clause 7.4, the Developer shall invest in the Property for creation
of additional Project Asset and Project Facilities during the Development
Phase i.e. within 5 years from Appointed Date. Accordingly, it has been
Request for Proposal 24