TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...

Tirupathi Urban Development Authority
Instalment
No.
Milestone
Percentage of
Development Fee
1 Before or on the date of execution of Development Agreement 20%
2 Within 180 days of execution of Development Agreement 80%
b. We confirm that we shall make the payment of the Advance Fee of Rs 5 crores (Rs
5,00,00,000/-) to Tirupati Urban Development Authority. The Advance Fee payable to
TUDA shall be set off against revenue share payable to TUDA as per terms specified in
the RFP. The Advance Fee shall be payable as per the following schedule:
Instalment
No.
Milestone
Percentage of
Advance Fee
1 Before or on the date of execution of Development Agreement 20%
2 Within 180 days of execution of Development Agreement 80%
c. We have examined in detail and have understood the terms and conditions stipulated in
the RFP Document issued by TUDA and in any subsequent communication sent by
TUDA. We agree and undertake to abide by all these terms and conditions. Our
Commercial Offer is consistent with all the requirements of submission as stated in the
RFP or in any of the subsequent communications from TUDA.
d. We have made our Commercial Offer after surveying the land and infrastructure facilities
at the [________] site to our satisfaction and are aware of the condition of the said land
and the infrastructure facilities and thus have indemnified the Tirupati Urban
Development Authority against any liability that may arise in the future for the same. For
avoidance of doubt, it is clarified that the Tirupati Urban Development Authority shall
have no liability towards any claims by the Selected Developer with regards to the
condition of the land and infrastructure facilities at the [_________] site.
e. Notwithstanding any qualifications of conditions, whether implied or otherwise, contained
in our proposal we hereby represent and confirm that our proposal is unqualified and
unconditional in all respects and we agree to the terms of the proposed Development
Agreement, a draft of which also forms a part of the RFP provided to us.
f. We confirm that our Bid is valid for a period of time of 280 days from ______________
(Bid Due Date).
g. We also understand that the final selection is solely based on the Commercial Offer and
as such our offer shall be incorporated without any changes whatsoever in the
Development Agreement to be signed between Tirupati Urban Development Authority
and the Project Company.
For and on behalf of :
Signature :
Name of the Person :
Designation :
(Authorised Representative and Signatory)
Request For Proposal
Development of Integrated Tourism Temple Township on Public Private Partnership Basis
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