Railway Property Management Company Limited.
Invitation for Reputable Transaction Advisors To Bid For Transaction Advisory Services To The Nigerian Railway Corporation (NRC) On Public Private Partnership With Logistics Service Providers
1.0 Introduction
In furtherance to the Federal Government of Nigeria (FGN)’s efforts to revitalise and modernise the Nigerian Railway System, the Nigerian Railway Corporation (NRC) aims to enhance capability and quality of its services along the narrow gauge (1067mm) rail network through active Partnership with Logistics Service Providers in line with Infrastructure Concession Regulatory Commission (ICRC) Act 2005 and the National Policy on Public Private Partnership (PPP) in the following potential service areas.
- Design, Build, Maintain, Operate, and Transfer (DBMOT) of Warehousing to provide suitable, safe and secure storage space for goods
- Finance, Supply, and Operate modern facilities and provide services for loading and offloading of goods
- Finance, Supply, and jointly manage with NRC, railway coaches to enhance passenger carriage capacity
- Finance, Supply, and jointly manage with NRC, railway wagons to enhance freight haulage capacity
To this end, the Railway Property Management Company Limited (RPMCL) on behalf of the NRC wishes to invite competent and reputable Transaction Advisors to bid for Transaction Advisory Services to the NRC on Public Private Partnership with Logistics Service Providers.
2.0 Outline Terms of Reference
The Transaction Advisor is expected to provide the services outlined below. Detailed description of the Terms of Reference is to be collected on Payment of the non-refundable bidding fee at the address mentioned in Section 6.0
a) Review and upgrade Logistics Service requirements, Rolling Stock demand projections together with the underlying assumptions relating to railway infrastructure and traffic demand projections, and other relevant reports to formulate an Outline Business Case (OBC).
b) Project Development and PPP Transaction Structuring taking into cognizance the relevant Government policies and plans.
c) Develop the Project Delivery Plan
d) Financial Analysis and Modelling
e) Development of Business Plans
f) Risk Assessment
g) Development of a Sustainable Funding Plan
h) Assistance in designing and implementing the procurement and evaluation process for selection of Logistics Service Providers,
i) Review, evaluate, and advise on bidders’ Technical and Financial proposals including pricing models and proposed implementation methodologies,
j) Advise the NRC on both local and international law compliance issues with respect to the transaction especially compliance with the ICRC Act of 2005 and the National Policy Public Private Partnership (PPP)
k) Preparation of Information Memorandum and tender documentation including Concession Agreements
1) Provide the requisite Technical and Financial expertise required to assist NRC in negotiating with prospective partners up to achievement of Contract and Financial Closure.
m) Overall Management of the advisory team and other stakeholder inputs to ensure a successful transaction
The Transaction Adviser may consist of a single firm or a consortium of firms with the financial, legal, technical, PPP, and other specialist expertise required to successfully bring the transaction to financial closure. In the case of a consortium, the consortium members must jointly submit the required information and must also clearly identify one of the firms comprising the consortium as the lead Transaction Adviser. The lead Transaction Adviser will have primary responsibility for liaising with NRC Project Delivery Team and for managing the consortium’s advisory inputs as a whole. Firms comprising the consortium with specialized expertise in the finance, legal, and technical fields should be identified respectively, as the Finance Transaction Adviser, Legal Transaction Adviser, or Technical Transaction Adviser, as the case may be. International Consultants are encouraged to form partnerships with reputable and accredited Nigerian consulting firms.
3.0 Deliverables
The expected deliverables for this work are as indicated in Section 2 above together with requisite reports at key stages of the transaction process as required to secure client’s approval to proceed to the next stage.
4 0 Bidding Criteria
Interested reputable bidders are required to submit Technical and Financial Bids in strict compliance with the under-listed Documents. .Failure to provide any of the under-listed documents may be a sufficient ground for disqualification. The Transaction Advisor will be selected in accordance with the relevant procedures set out in the Bureau of Public Procurement (BPP) guidelines for selection of consultants.
4.1 Technical
i. Certificate of Incorporation
ii. Certificate of Value added Tax
iii. Evidence of Tax Clearance Certificate for the past Three years for Nigerian firms
iv. Verifiable Evidence of compliance with Industrial Training Fund Act 2011 (If applicable)
v. Verifiable evidence of compliance with the Pensions Reforms Act 2004 (If applicable)
vi. Profile of the firm / consortium and role of each corporate entity including CVs and evidence of professional qualifications of key staff to be deployed on the project
vii. Verifiable detail of experience of supporting PPP Transactions in the Transport Industry.
viii. Relevant experience in the Railway Sector (including technical competence)
ix. Proposed Methodology for executing the assignment
x. Proposed timelines
4.2 Financial
The Corporation wishes to adopt a “Time Based Consultancy Agreement” for this Assignment. Your Financial submission should include the following:
- Company Audi ted Accounts for the past three (3) years
- Quoted fees including Professional fees, Re-imbursables (where applicable) and any other cost element
- The Professional fees should include a break-down of the man hours required for each category of consultant staff required to achieve EACH of the scope of services outlined in section 2.0 above and their respective rates.
- Template for submission of (iii) above, and the scoring criteria are to be collected on Payment of the non-refundable bidding fee at the address mentioned in Section 6.0
Your financial bid must be in Nigerian Currency (Naira).
The final combined bid evaluation criteria shall be based on the bidder’s Technical and Financial submissions as follows – Technical 60%, Financial 40%.
5.0 Condition for Bidding
Each bidder is required to pay a Non-Refundable Bidding fee of N50, 000.00 (Fifty Thousand Naira only) into Guaranty Trust Bank (Railway Property Management Company Limited), Account Number: 0020977866.The bank teller/receipt must be submitted along with the bid documents as evidence of payment.
6.0 Submission and Opening Of Bids
Technical and Financial bids must be submitted in two separate sealed envelopes clearly marked “Technical Bid” or “Financial Bid”, as applicable. Three (3) copies of each bid (One Original, Two Photocopies) shall be delivered by hand or by registered mail to the address below not later than 12 noon Nigerian time on Monday 3rdJune, 2013.
The Managing Director,
Railway Property Management Company Limited,
No 7 Race Course Road,
P.M.B 2418, Kaduna, Kaduna State
Bids will be opened at 1.00 p.m on the same day in the presence of bidders or their representatives who wish to witness the opening.
All inquiries should be directed to the address above.
7.0 Disclaimer
7.1 This announcement is published for information purposes only and does not constitute an offer by the Company to transact with any party, nor does it constitute a commitment or obligation on the part of the Company to award a Contract.
7.2 The Company will not be responsible for any costs or expenses incurred by any interested party(ies) in connection with any response to this invitation, the preparation or submission in response to an inquiry.
7.3 The Company is not bound to award to any bidder and reserves the right to annul the Procurement process at any time without incurring any liabilities.
Late bids shall not be accepted.
Signed
Management
