TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...
TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...
TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...
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Tirupathi Urban Development Authority<br />
The evaluation of the Commercial Offers would be undertaken as detailed in Section 8.<br />
An Evaluation Financial Model, provided along with the RFP, shall be used to compare<br />
the relative attractiveness of Commercial Offers of various Bidders. The Evaluation<br />
Financial Model shall be considered only for the purpose of evaluating the commercial<br />
terms of the various Bidders and should not be construed as any commitment or<br />
undertaking by TUDA or Bidders. A ranked list of Bidders based on the results of the<br />
evaluation would be prepared. The proposal whose Commercial Offer is ranked 1 st (first)<br />
shall be identified as Preferred Proposal and considered as benchmark in evaluating<br />
against the proposal submitted by the Original Project Proponent. The proposal whose<br />
Commercial Offer is ranked 2 nd (second) shall be identified as Second Proposal. The<br />
proposal whose Commercial Offer is ranked 3 rd (third) shall be identified as Third<br />
Proposal. TUDA may retain the top three ranked Bidders till negotiations are concluded<br />
successfully with the Selected Developer. The Letter of Award would be the letter issued<br />
to the Selected Developer indicating the decision made by the TUDA to implement the<br />
Project.<br />
5.10 Notification<br />
The Bidder whose Commercial Offer is most favorable to TUDA and has been<br />
designated as Preferred Proposal would be notified in writing by TUDA. Simultaneously,<br />
the Original Project Proponent would also be notified of the Commercial Offer in writing. If<br />
the Preferred Proposal is superior to the commercial terms of Original Project Proponent,<br />
the same would be invited to match the terms of Preferred Proposal within time period<br />
mentioned in the Schedule of Bidding Process. In the event that the Original Project<br />
Proponent matches the Commercial Offer of the Preferred Proposal, TUDA shall issue<br />
the Letter of Award (LOA) to the Original Project Proponent. If the Original Project<br />
Proponent is not willing/ refuses to match the commercial terms of the Preferred<br />
Proposal, the Bidder who submitted the Preferred Proposal shall be selected by TUDA<br />
for issuance of LOA. In the event that the commercial terms of Original Project Proponent<br />
are superior to that of Preferred Proposal, TUDA shall issue the LOA to the Original<br />
Project Proponent at terms given by it in its commercial offer.<br />
5.11 TUDA’s Right to accept or reject Bid<br />
5.11.1 TUDA reserves the right to accept or reject any or all of the Bids without assigning any<br />
reason and to take any measure as it may deem fit, including annulment of the bidding<br />
process, at any time prior to execution of the Development Agreement, without liability or<br />
any obligation for such acceptance, rejection or annulment.<br />
5.11.2 TUDA reserves the right to invite fresh bids with or without amendment of the RFP at any<br />
stage without liability or any obligation for such invitation and without assigning any<br />
reason.<br />
5.11.3 TUDA reserves the right to reject any Bid if:<br />
Request For Proposal<br />
Development of Integrated Tourism Temple Township on Public Private Partnership Basis<br />
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