TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...

Tirupathi Urban Development Authority
Nominal business plan issued by TUDA to Bidders under Section 8.2 for the purpose of
submitting their Commercial Proposal.
Good Industry Practice
Good Industry Practice shall mean practices, methods, techniques and standards as
changed from time to time that are generally accepted for use in the construction and real
estate industry.
Lead Consortium Member (LCM)
In case of a Bidding Consortium, the Lead Consortium Member (LCM) shall be that
Consortium Member vested with the prime responsibility of developing the Project. The
Lead Consortium Member shall necessarily make the maximum equity contribution, and
this equity contribution shall not be less than 51 % of the equity contribution held by the
Developer in the Project Company. The LCM must be a corporate entity or partnership
firm. The MOU to be entered into between the Consortium Members as per the pro forma
presented in Exhibit 1 shall reflect the above. The LCM shall be the authorised
representative of the Bidding Consortium and shall be liable to TUDA for all the
obligations of the Bidder.
Letter of Acceptance
Letter of Acceptance shall have a meaning as referred in Exhibit – 4: FORMAT OF
LETTER OF ACCEPTANCE of this Document.
Letter of Award
This would mean as defined in Section 5.10.
Preferred Proposal
The proposal submitted by a Bidder whose development plan is acceptable and which
makes the best financial offer to TUDA under this RFP.
Project
The Project refers to the designing, financing, developing, building, marketing, operating
and maintaining Integrated Tourism Temple Township in Tirupati. The integrated tourism
temple township shall have world-class state-of-the-art four star hotel, dormitories,
entertainment complex, banquet hall, education facilities, commercial space, residences,
play ground and green space.
Project Company
Project Company shall mean the corporate entity to be floated by the Selected Developer
for implementation of the Project.
Responsiveness/Non-Responsive
Responsiveness/Non Responsive shall mean as referred in Section 5.6 of this Document.
RFP Document /RFP
Request For Proposal
Development of Integrated Tourism Temple Township on Public Private Partnership Basis
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