The Federal Republic of Nigeria Nigerian
Investment Promotion Commission
Maitama Abuja.
Invitation for Expression of Interest (EOI) and Pre-Qualification of Participants Under A Joint Venture Arrangement.
Pursuant to Bureau of Public Procurement (BPP) Act Section 24, Subsection 1&2 and the Infrastructure Concession regulatory Commission (ICRC) Act, the Nigerian Investment Promotion Commission (NIPC) invites Expression of Interest and prequalification of participants under a Joint Venture arrangement as follows:
1. Introduction
The Nigerian Investment Promotion Commission (NIPC) is an Agency of the Federal Government of Nigeria mandated to coordinate, encourage, monitor and provide necessary assistance and guidance for investment in Nigeria for both Nigerians and non-Nigerians.
The NIPC is desirous of partnering under a Joint Venture arrangement with a recognized, competent and interested organization to study, design, jointly finance and redevelop its property, best described as No 11B Alexandra Avenue Ikoyi, Lagos,
The successful Partner will release a portion of the property, on a ratio of each party Investment to be agreed, to the NIPC to utilize independently for its Lagos One -Stop- Investment- Center (OSIC). The one stop shop and its vicinity will be owned by NIPC, howsoever, the NIPC decides to so utilize it.
2. Scope of Works:-
The successful partner shall be required:
i. To provide a detailed pre-feasibility and feasibility studies on the project to determine the best permitted uses for the site.
ii. To update all dues and payments outstanding to the Federal and / or the Lagos State Governments as the case may be, and as may be imposed by both FGN and LGSG in the cause of perfecting the transfer of the title document first to the NIPC, and through to the two parties ultimately.
iii. The successful Partner shall put together a team of duly registered consulting firms, registered with the various professionals bodies, such as Nigerian Institute of Architects and ARCON, the Nigerian Institute of Quantity Surveyors and other relevant professionals bodies as may be engaged in the assignment.
iv. To carry out a detailed survey of the site regarding geo-technical and soil testing analyses required to determine the bearing capacity of the soil and thereafter, determine the suitability of the subsoil material necessary to accommodate the structure and design for adequate foundations for the intended facilities to be erected on the site.
v. To conceptualize, plan and design facilities in strict compliance with planning and design criteria acceptable to the authorities and in conformity with the times. The design must be adaptable and flexible for alternative uses. The best possible technical capabilities should be utilized and the best materials used during construction.
vi. Prior to development, the proposal must be supportive of the plans and aspirations, which the successful partner must have before pre-qualifying.
vii. The successful partner shall finance directly, or source independently, of NIPC who shall not be a party to the process of access to any facility constructed by the successful partner, to develop the new structure (s), of not less than 20,000sqm of usable spaces, excluding services and maintenance, made up of either single or mixed uses, as may be profitable, as the authorities may approve. In the event that a particular mix is chosen, which does not favor its use by NIPC, the successful partner shall make available to the NIPC enough space, both for construction and circulation, of the overall space due to NIPC based on a space sharing ratio, to be discussed and agreed, in an alternative space within the same neighborhood to use as NIPCs Lagos One – Stop – Investment- Center (OSIC) while the rest space in the same facility remains asset of the NIPC.
viii. The successful partner and the NIPC shall apply a sharing formula for the lettable spaces based on the investing parties equity contributions only, free of any debt element in it. The successful partner and NIPC must come to an amicable sharing ration.
ix. The successful partner shall complete and deliver the new facility within 36 Months of entry into a mutually agreed Joint Venture arrangement cleared by the Federal to be Government of Nigeria provided the property or its is fully surrendered to the successful partner through proper legal and regulatory process.
3. Pre-Qualification Requirements
Interested parties must submit a proposal and documentation of the following (please note that originals must be provided on request by NIPC):
3.1. Technical Proposal:
- A complete proposal delineating the program and indicating the professional ability and competence of the Participant (s) to address such an assignment. Participants with relevant ability and / or experience in similar Joint Venture arrangement may have an edge.
- Evidence of Incorporation of the company (or companies forming a consortium to address the assignment) with CAC of Nigeria, including Articles and Memorandum of Association and up-to date returns with the CAC,
- Evidence of income Tax Clearance Certificate and Payment of taxes for 3 previous years 2008, 2009, 2010.
- Evidence of VAT Registration, RRS PIN Number and receipts of payments made
- Evidence of personnel capabilities and their Registration with all the relevant professional Bodies for the Participant and Evidence of registration of the Professionals involved in the assignment.
- Companies Financial standing backed by a reputable Bank
- Audited Accounts from a recognized Auditing Firm.
- Profile and Details of the Developer if different from the Participant. Evidence of his past projects.
- Where more than one company is involved, a copy of the Partnership arrangement must be included with the submission duly signed, and sealed by each company in the team.
- None representation may need to inspect the Participant’s corporate offices and their major partners, the plants and equipment
- such submission
- available and prove any other details which may not be very clear in the submission
- Participant must submit the profile of their Bankers and also the Insurance Corporation they intend to use.
- Submission of any other relevant additional details that will enhance the confidence of NIPC into partnering with the Participant.
4. Collection of Data or Additional Information
Companies wishing to obtain data, information or permission to inspect the property should obtain such from:
The office of:
The Executive Secretary
Nigerian Investment Promotion
Commission (NIPC)
Plot 1181, Aguiyi Ironsi Street
Maitama,
Abuja,
Federal Capital Territory
5. Submission of Expression of Interest /Prequalification Documents,
Completed proposals and letters of Expression of Interest shall be submitted in sealed envelopes in hard copied and soft copies. The envelopes must be properly labeled:
“Expression of Interest / Prequalification for the Re-development of No 11B Alexandra Avenue, Ikoyi Lagos.” and addressed to:
The Executive Secretary
Nigerian Investment Promotion
Commission (NIPC)
Plot 1181, Aguiyi Ironsi Street,
Maitama, Abuja.
Federal Capital Territory.
And delivered before 12:00 noon on 16th June 2011 which will be opened in the presence of all parties or their accredited representatives on the same day at 2P.M in the Conference Room of the NIPC.
Submissions will be studied on 6th May 2011. None representation automatically disqualifies such submission
Note: Only Participants whose proposals meet the requirements of NIPC based on clearly developed prequalification criteria will be called for further negotiation. Please note that each. Party is fully responsible for all site investigations and other preliminary requirements. The NIPC also reserves the right to reject any or all submissions, and may not enter into any further correspondence with any Participant.
Note: Relevant provisions of the Public Procurement Act, 2007 against any form of lobbying would be strictly applied and any participant found to be involved in lobbying in contravention of the provisions of Sections 58 (4) (b), (c), (e) and (f) of the Act would be automatically disqualified.
SIGNED
Executive Secretary /CEO.
