REQUEST FOR PROPOSAL (RFP)

for

Development of International Convention Centre at

Dona Paula, Goa on Design, Build, Finance, Operate,
and Transfer (DBFOT) basis
BID SUMMARY

BID SUMMARY

December, 2020

GOVERNMENT OF GOA
DEPARTMENT OF FINANCE
PPP DIVISION
SECRETARIAT, PORVORIM, GOA 403 521
Phone: 0832-2419542/543
Email: [email protected]
 Development of International Convention Centre at Goa on DBFOT Basis
BID SUMMARY

DISCLAIMER

The information contained in this BID SUMMARY is only a brief of the Request for
Proposals document (the “RFP”) and the RFP needs to be referred for the detailed
terms & conditions.

This BID SUMMARY is not a part of the RFP and is only for ready reference of the
Brief Terms & Conditions of the RFP.

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 Development of International Convention Centre at Goa on DBFOT Basis
BID SUMMARY

RFP for Development of International Convention Centre at Goa on DBFOT Basis

Goa is already a well established and globally popular tourist destination and is also the
permanent venue for the International Film Festival of India (IFFI). With the objective
of promoting Goa as the most preferred venue for Meetings, Incentives, Conventions
& Exhibitions (MICE), the Government of Goa (GoG) has envisaged to develop world
class infrastructure in the State for not only hosting the IFFI annually, but various other
National & International MICE events. The Mopa International Airport, which is also
a flagship PPP Project of the State, is currently under development and is expected to
further improve Goa’s direct connectivity to National and International cities.

The Project: The GoG intends to develop a State-of-the-Art International Convention

Centre comprising, a main Convention Hall of minimum 5000 seating capacity,
exhibition hall, Multiplex, a 500 room Convention Hotel and other downstream
developments (hotel(s), retail mall(s), etc.) & related infrastructure in an integrated
manner through the PPP mode, i.e. on Design-Build-Finance-Operate-Transfer
(DBFOT) Model, with a concession period of 60 years.

Project location: About 98,299 sq. m. (24.29 acres) of strategically located prime land
situated at Dona Paula, Goa has been earmarked for the Project. The land is free from
all encumbrances and is in possession of GoG.

Bidding Process:
The Government of Goa invites online bids i.e. separate Technical and Financial Bids,
from interested and Eligible Bidders for the Development of International
Convention Centre at Dona Paula, Goa on Design, Build, Finance, Operate and
Transfer (“DBFOT”) basis

Proposals are invited (Single Stage – 2 Parts) as per the RFP Criteria from interested
reputed National / International developers/ bidders either as a single entity or as a
consortium, for selection of a Private Sector Partner to Design, Build, Finance, Operate,
manage and Transfer the Project on Public Private Partnership mode. The RFP
Document may be downloaded for viewing, free of cost from
http://pppcell.goa.gov.in/ and www.goa.gov.in.

The complete set of Bid Documents can be procured only through the e-procurement
portal of the Government of Goa (https://goaenivida.gov.in/) from 21.12.2020
onwards. All further updates shall only be posted on the e-procurement portal.

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 Development of International Convention Centre at Goa on DBFOT Basis
BID SUMMARY

Schedule of Bidding Process

Sl. No. Event Description Date
1. Invitation of RFP / RFP Advertisement 17 December 2020
2. Release of RFP document 21 December 2020
3. Last date for receiving queries 12 January 2021
4. Pre-Bid meeting 1 14 January 2021
5. Authority response to queries latest by 21 January 2021
6. Pre-Bid meeting 2 (optional) Will be intimated later, if
scheduled
7. Bid Due Date 11 February 2021
8. Physical Submission of Technical Bid 15 February 2021
9. Opening of Technical Bids 15 February 2021
10. Declaration of qualified Eligible Bidders Will be intimated later
11. Opening of Financial Bid Will be intimated later
12. Validity of Bid 120 days from Bid Due Date
13. Signing of Agreement Within 60 days of Date of LOA

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BID SUMMARY

BID SUMMARY
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Project Details
1. Project Title RFP for Development of International Convention
Centre at Dona Paula, Goa on Design, Build, Finance,
Operate and Transfer (“DBFOT”) basis

2. Authority PPP Division, Finance Department, Government of Goa

3. Project Site Land admeasuring approximately 98,299 sq. m. (Ninety
eight thousand two hundred ninety nine square meters)
i.e. approximately 24.29 acres located at Taleigao Village,
Tiswadi Taluka, Goa, under the ownership of the
Government of Goa
4. Envisaged The scope of work will include the Mandatory Facilities,
Developments in that shall be a cohesive development of :
Project (i) International Convention Centre of seating
capacity not less than 5000 seats (along with a
separate air-conditioned Exhibition Hall & open
air exhibition space) (the “Convention Centre”)
(ii) Convention Hotel of not less than 500 rooms
(“Convention Hotel”)
(iii) 4 screen Multiplex of combined seating not less
than 800 seats (“Multiplex”) as described in the
Concession Agreement.

In addition, the Concessionaire is allowed, as per the

terms of the Concession Agreement, to develop
Downstream Assets such as hotel(s), retail mall(s), etc.
in addition to the Mandatory Facilities on the balance
portion of the Site as permissible under applicable laws
and development control regulations.

The Selected Concessionaire is provided the freedom to

make its own master plan and designs for the Project.

5. Estimated Project The estimated cost of the Mandatory Facilities is INR

Cost 700,00,00,000 (Indian Rupees Seven Hundred Crore)

6. Selection Process Competitive Bidding only through the e-Procurement

portal of the Government of Goa
(https://goaenivida.gov.in/)
7. Tender Processing Rs.4,000/- (Rupees Four Thousand Only) (Non-
Fee Refundable) to be paid online through e-payment mode
only i.e. through https://goaenivida.gov.in/.

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8. Cost of RFP Rs.6,000/- (Rupees Six thousand only) (Non-Refundable),
Document to be paid online through e-payment mode only i.e. through
https://goaenivida.gov.in/.

The payment is a pre-condition for considering the pre-bid

queries / attending the pre-bid meeting.

Implementation Structure
9. Implementation Public Private Partnership (PPP)
Format
10. Concession Format Design, Build, Finance, Operate and Transfer (“DBFOT”)

11. Institutional The selected Bidder, shall undertake to incorporate a

Structure for Special Purpose Vehicle (“SPV”) under the Companies
Implementation Act, 2013 as such prior to execution of the concession
agreement (the “Concessionaire”) that shall be exclusively
responsible for designing, engineering, financing,
procurement, construction, marketing, operation,
management and maintenance of the Project under and in
accordance with the provisions of a concession agreement
(the “Concession Agreement”), to be entered into between
the Concessionaire and the Authority.
12. Concession Period Concession Period shall be 60 (sixty) years, commencing
from the Effective Date i.e. the date of signing the
Concession Agreement.

The Concession Period includes the Construction Period.

At the end of the Concession Period, the Project would vest

to the Authority in appropriate working condition, free of
cost.

13. Mandatory The construction and commencement of operations of the

Facilities following Mandatory Facilities at the Project Site:

1. Within 24 (twenty four) months from the Appointed

Date:
a. International Convention Centre of seating capacity
not less than 5000 seats (along with a separate air-
conditioned Exhibition Hall & open air exhibition
space) (the “Convention Centre”)

b. 4 screen Multiplex of combined seating not less than

800 seats (“Multiplex”) as described in the
Concession Agreement.

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2. Within 36 (thirty six) months from the Appointed
Date:
a. Convention Hotel of not less than 500 rooms
(“Convention Hotel”)

14. Downstream Additional facilities as per the exclusive choice of the

Assets Selected Concessionaire, such as hotels, media/ production
studios, indoor/ outdoor theme park, family entertainment
centre, multiplex, restaurants, shopping areas, food courts,
retail area or any other tourism related allied facility etc.
which the Concessionaire may, in its discretion and subject
to Applicable Laws, construct, by itself or through a
Licensee, for benefit of Users at the Site, and which are
permitted to be constructed as per the Concession
Agreement and are in addition to the Mandatory Facilities
specifically mentioned in this Agreement;
Eligibility Criteria
15. Technical Capacity For demonstrating technical capacity and experience (the
“Technical Capacity”), the Applicant / Bidder shall, over
the past 7 (seven) financial years preceding the Bid Due
Date, have:

(i) paid for, or received payments for, construction of

Eligible Project(s) in Category 3 and/ or Category 4;
and/ or
(ii) paid for development of Eligible Project(s) in
Category 1 and/or Category 2 specified in Clause
3.4.1; and/ or
(iii) collected and appropriated revenues from Eligible
Project(s) in Category 1 and/or Category 2 specified
in Clause 3.4.1,
such that the sum total of the above, as further adjusted in
accordance with clause 3.4.6 of the RFP, is more than
Rs.1,050 Crore (One Thousand and Fifty Crore) (the
“Threshold Technical Capacity”).
Provided that at least one fourth of the Threshold
Technical Capacity shall be from the Eligible Projects
in Category 1 and/ or Category 3 specified in Clause 3.4.1
of the RFP.

Subject to the provisions of Clause 2.2 of the RFP, the

following categories of experience would qualify and
eligible experience for Technical Capacity (the "Eligible
Experience") in relation to eligible projects as stipulated in
Clauses 3.4.3 and 3.4.4 (the "Eligible Projects"):

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Category 1: Project experience on Eligible Projects in
Hospitality and Commercial
Development that qualify under Clause
3.4.3

Category 2: Project experience on Eligible Projects in

Core Sector that qualify under Clause
3.4.3

Category 3: Construction experience on Eligible Projects

in Hospitality and Commercial
Development that qualify under Clause
3.4.4

Category 4: Construction experience on Eligible Projects

in Core Sector that qualify under Clause
3.4.4

For the purpose of this RFP:

(a) Hospitality and Commercial Development would
be deemed to include hotels, convention centres,
exhibition centre multiplexes, theatres, commercial
complexes/ mall, community centres, commercial
offices, IT parks, hospitality centres, and
entertainment/amusement parks; and

(b) Core Sector would be deemed to include roads,

power, telecom, ports, airports, railways, metro rail,
industrial parks/ estates, logistic parks, pipelines,
irrigation, water supply and sewerage.

For a project to qualify as an Eligible Project under

Categories 1 and 2:
(a) It should have been undertaken as a PPP project on
BOT, BOLT, BOO, BOOT or other similar basis for
providing its output or services to a public sector
entity or for providing non-discriminatory access to
users in pursuance of its charter, concession or
contract, as the case may be. For the avoidance of
doubt, a project which constitutes a natural monopoly
such as an airport or port should normally be included
in this category even if it is not based on a long-term
agreement with a public entity;

(b) the entity claiming experience should have held, in

the company owing the Eligible Project, a minimum
of 26% (twenty-six per cent) equity during the
relevant period for which Eligible Experience is being
claimed;

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(c) the capital cost of the project should be more than

Rs.140 Crore (Rupees One Hundred and Forty
Crores only) (excluding the cost of land); and

(d) the entity claiming experience shall, during the last 7

(seven) financial years preceding the Bid Due Date,
have (i) paid for development of the project
(excluding the cost of land), and/ or (ii) collected and
appropriated the revenues from users availing of non-
discriminatory access to or use of fixed project assets,
such as revenues from Hospitality and Commercial
Development, highways, airports, ports and railway
infrastructure, but shall not include revenues from
sale or provision of goods or services such as
electricity, gas, petroleum products
telecommunications or fare/freight revenues and
other incomes of the company owning the Project.

For a project to qualify as an Eligible Project under

Categories 3 and 4, the Bidder should have paid for
execution of its construction works or received payments
from its client(s) for construction works executed, fully or
partially, during the 7 (seven) financial years immediately
preceding the Bid Due Date, and only the payments
(gross) actually made or received, as the case may be,
during such 7 (seven) financial years shall qualify for
purposes of computing the Experience Score. However,
payments/receipts of less than Rs.140 Crore (Rupees
One Hundred and Forty Crore only); shall not be
reckoned as payments/receipts for Eligible Projects. For
the avoidance of doubt, construction works shall not
include supply of goods or equipment except when such
goods or equipment form part of a turn-key construction
contract/ EPC contract for the project. Further, the cost of
land shall not be included hereunder.

The Bidder shall quote experience in respect of a

particular Eligible Project under any one category only,
even though the Bidder (either individually or along with
a member of the Consortium) may have played multiple
roles in the cited project. Double counting for a particular
Eligible Project shall not be permitted in any form.

Bidder’s experience shall be measured and stated in terms

of a score (the "Experience Score"). The Experience
Score for an Eligible Project in a given category would be
the eligible payments and/or receipts specified in Clause
2.2.2 (A) and Clause 3.4, divided by one crore and then

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multiplied by the applicable factor in Table 3.4.6 in the
RFP.

Experience for any activity relating to an Eligible Project

shall not be claimed by two or more Members of the
Consortium. In other words, no double counting by a
Consortium in respect of the same experience shall be
permitted in any manner whatsoever.

The Experience Score of the Bidder shall be computed as

a weighted average of the Experience Score of members
and their proposed equity stake (%) in the Consortium.
Similarly, the Financial Score of the Bidder shall be
computed as a weighted average of the Financial Score of
members and their proposed equity stake (%) in the
Consortium. Provided that the financial strength or the
experience score taken into assessment will be only of
those who contribute a minimum 26% share to the
Consortium.

Illustration:
For illustration and avoidance of any doubts, the
following method is placed in clarification:

If Company A (Net-Worth: Rs 1000 crores) &

Company B (Net-Worth: Rs 500 crores) in a
Consortium with shareholding of A as 60% and B as
40% then the Weighted Financial Score of the
Consortium shall be:

For Weighted Financial Score

1000 X 60% + 500 X 40% = 800 Crores

For Weighted Experience Score

If Company A has been assessed to have an

Experience Score of 1000 and Company B has been
assessed to have an Experience Score of 500, in a
Consortium with shareholding of A as 60% and B as
40%, then the Weighted Experience Score of the
Consortium shall be

1000 X 60% + 500 X 40% = 800

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16. Financial Capacity Financial Capacity: The Bidder shall have a minimum Net
Worth (the “Financial Capacity”) of Rs. 350 Crore
(Rupees three hundred fifty crore) at the close of the
preceding financial year1.

In case of a Consortium, the combined Technical Capacity

and Net Worth of those Members, who have and shall
continue to have an equity share of at least 26% (twenty six
per cent) each in the SPV, should satisfy the above
conditions of eligibility; provided that each such Member
shall, for a period of 5 (five) years from the date of
commercial operation of Phase I of the Project, hold equity
share capital not less than 26% (twenty six per cent) of the
subscribed and paid up equity of the SPV.

17. O&M Experience The Bidder shall engage an experienced Hospitality

Operator (the “Hospitality Operator”), having prior
experience of operating at least one 4-star or equivalent or
higher hotel with combined capacity of not less than 500
guest rooms and convention facility of combined capacity
not less than 1500 seating for a minimum period of 10
years, for operation and maintenance of the Convention
Centre and Convention Hotel in conformity with the
provisions of the Concession Agreement. Such engagement
of the Hospitality Operator shall be for a minimum period
of 5 years and shall be demonstrated by way of a
Memorandum of Understanding between the Bidder and
the proposed Hospitality Operator and submission of
credentials of the proposed Hospitality Operator
demonstrating the required experience. The firming up of
the O&M agreement with the Hospitality Operator shall be
a condition precedent in the Concession Agreement that
shall be required to be fulfilled within 90 days of signing of
the Concession Agreement. For the avoidance of doubt, the
Hospitality Operator is not required to be part of the
Bidder’s Consortium.

If the Bidder is able to meet the requirements of the

Hospitality Operator by itself, such a tie-up with a
Hospitality Operator shall not be required, but the Bidder
itself shall be required submit the credentials required to be
fulfilled by the Hospitality Operator.

1
In case a Bidder has issued any fresh Equity Capital during the current financial year, the same shall be
permitted to be added to the Bidder’s Net Worth subject to the Statutory Auditor of the Bidder certifying to
this effect.

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18. Qualifications In computing the Technical Capacity and Financial

through Capacity of the Bidder/ Consortium Members under
experience of Clauses 2.2.2, 2.2.4 and 3.4, the Technical Capacity and
Associates Financial Capacity of their respective Associates would
also be eligible hereunder. For purposes of this RFP,
(If any)
Associate means, in relation to the Bidder/ Consortium
Member, a person who controls, is controlled by, or is under
the common control with such Bidder/ Consortium Member
(the “Associate”). As used in this definition, the expression
“control” means, with respect to a person which is a
company or corporation,

a) the ownership, directly or indirectly, of more than

50% (fifty per cent) of the voting shares of such
person; or
b) holding more than 50% (fifty per cent) of such person
by virtue of an agreement;
c) power to govern the policy decisions of such person
under statute or an agreement; or
d) to appoint or remove the majority of members of the
board of directors; or
e) to cast majority of votes at a meeting of the board of
directors; and

with respect to a person which is not a company or

corporation, the power to direct the management and
policies of such person, whether by operation of law or by
contract or otherwise. It is clarified that a certificate from a
qualified external auditor who audits the book of accounts
of the Bidder or the Consortium Member shall be provided
to demonstrate that a person is an Associate of the Bidder
or the Consortium as the case may be.

For the purposes of clarity, merely having common

Directors / majority of common Directors does not deem
a company as an Associate for the purpose of this
definition.

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19. Special Conditions Where the Bidder is a single entity, it shall be required to
for a Consortium form an appropriate Special Purpose Vehicle, incorporated
under the Indian Companies Act 2013 (the “SPV”), to
execute the Concession Agreement and implement the
Project. In case the Bidder is a Consortium, it shall, in
addition to forming an SPV, comply with the following
additional requirements:
(a) Number of members in a consortium shall not
exceed 3 (three);
(b) subject to the provisions of clause (a) above, the Bid
should contain the information required for each
member of the Consortium;
(c) members of the Consortium shall nominate one
member as the lead member (the “Lead Member”),
who shall have the highest share of the paid up and
subscribed equity of the SPV subject to a minimum
equity share holding of (twenty-six per cent). The
nomination(s) shall be supported by a Power of
Attorney, as per the format at Appendix-III, signed
by all the other members of the Consortium;
(d) the Bid should include a brief description of the
roles and responsibilities of individual members,
particularly with reference to financial, technical
and O&M obligations;
(e) an individual Bidder cannot at the same time apply
as a member of a Consortium in response to this
RFP. Further, a member of a particular Bidder
Consortium cannot be member of any other Bidder
Consortium applying for RFP;
(f) the members of a Consortium shall form an
appropriate SPV to undertake the Project, if
awarded to the Consortium;
(g) members of the Consortium shall enter into a
binding Joint Bidding Agreement, substantially in
the form specified at Appendix-V (the “Jt. Bidding
Agreement”), for the purpose of submitting a Bid.
The Jt. Bidding Agreement, to be submitted along
with the Bid, shall, inter alia:
(i) convey the intent to form an SPV, solely for
the purpose of this Project and no other
purpose, with shareholding/ ownership
equity commitment(s) in accordance with
this RFP, which would enter into the
Concession Agreement and subsequently
perform all the obligations of the
Concessionaire in terms of the Concession

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Agreement, in case the concession to
undertake the Project is awarded to the
Consortium;
(ii) clearly outline the proposed roles and
responsibilities, if any, of each member;
(iii) commit the minimum equity stake to be held
by each member;

20. Lock-in In case of sole Bidder, he shall be required to commit to

hold a minimum equity participation of 51% in the Project
SPV for a period of 5 (five) years from the date of
commercial operations of the phase-I of the Project. i.e.
from (COD1 and COD2, whichever is later).

In case of a Consortium, the Members whose combined

Technical Capacity and Net Worth have been considered,
shall continue to have an equity share of at least 26%
(twenty six per cent) each of the subscribed and paid up
equity in the SPV, and collectively hold at least 51% (fifty-
one per cent) of the subscribed and paid up equity in the
SPV for a period of 5 (five) years from the date of
commercial operation of Phase I of the Project, i.e. from
(COD1 and COD2, whichever is later).

Bid Conditions
21. Concession Fee The Concessionaire undertakes to pay to the Authority,
starting from COD-1,
(a) Concession Fee, on a quarterly basis, which shall be
calculated as follows: (a) From COD-1 to COD-2 (i.e.,
during the Part-Operation Period), the Concession Fee
shall be equal to ___% (___ per cent) share Mandatory
Facilities Revenue (the “Mandatory Facilities
Revenue Share”) as quoted in the Bid;

AND

(b) From COD-2 to the Transfer Date, the Concession Fee

shall be the higher of:

(i) The sum of the Mandatory Facilities Revenue Share

and __% (__ per cent) share from Downstream
Assets Revenue (the “Downstream Assets
Revenue Share”) as quoted in the Bid;

OR

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(ii) A minimum guarantee amount (the “Minimum
Guarantee” or “MG”) as set forth in Schedule-
P of the Concession Agreement. The Concession
Fee shall be payable by the Concessionaire to the
Authority not later than 10 (ten) days from the end
of each quarter of an accounting year, failing
which it shall accrue penal interest at the rate of
fifteen percent (15%) of such amount per annum
for the period that shall be computed from the date
of the amount being due until and including the
day of remittance of the amount to the Authority.

22. User Fees The Concessionaire shall, in consideration of its investment

and services to users, be entitled to levy and charge a user
fee from users of the Project as per market driven
competitive rates depending upon the services provided to
the users.

23. Performance The Selected Bidder will be required to furnish a

Security (for Construction Period Performance Security, equivalent to
construction INR 35,00,00,000 (Indian Rupees Thirty Five Crores
period) only) that shall be required to be kept valid until the
Construction Period.

50% (fifty percent) of the Performance Security shall be

released upon achievement of COD1. The balance 50%
(fifty percent) of the Performance Security shall remain in
force and effect by the Concessionaire, till COD-2.

24. Guarantee Performance Security for INR 35,00,00,000 (Indian

towards Rupees Thirty Five Crores only) shall be deemed to be
Operations created as a charge on the Escrow Account, as if it is a
Performance Performance Security and in respect of the entire Concession
period (the “Deemed Performance Security”). The amount
Security (Deemed
of the Deemed Performance Security shall be 2 times of the
Performance
Minimum Guarantee for the corresponding year as per the
Security) terms of this Agreement, or an amount of INR. 35,00,00,000
(Rupees Thirty Five Crore), whichever is higher.
Bid Submissions
25. Bid Submissions 1. Bids shall be submitted only through the e-procurement
portal of the Government of Goa
(https://goaenivida.gov.in/)
2. The submission shall be in a Single Stage (2 – Parts)
(i) Part-I : Qualification Proposal (Technical Bid)
(ii) Part-II : Financial Bid
3. The E-submission of each of the above parts shall be
specifically made only in the respective links

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provided in the enivida portal. Submission in the
wrong links or interchanged links are liable for
rejection.
26. Part - I: (a) Appendix-I (Letter comprising the Technical Bid)
Qualification including Annexure I to V and supporting certificates /
documents.
Proposal
(b) Power of Attorney for signing the Bid as per the format
(Technical & at Appendix-III;
Financial) (c) if applicable, Power of Attorney for Lead Member of
Consortium as per the format at Appendix-IV;
(d) if applicable, Joint Bidding Agreement for Consortium
as per the format at Appendix-V
(e) copy of Memorandum and Articles of Association, if
the Bidder is a body corporate, and if a partnership then
a copy of its partnership deed;
(f) Copies of Bidder’s duly audited balance sheet and
profit and loss statement for preceding 7 years.
(g) Bid Security of Rs 3,50,00,000/- (Rupees three crore
fifty lakh only) in the form of Bank Guarantee in the
format at Appendix-II from a Scheduled Bank.
(h) Copy of Proof of payment of Rs. 6,000 (Rupees six
thousand only) towards cost of RFP.
(i) Proof of payment of tender processing fee of Rs.
4,000/- (Rupees Four Thousand only);
(j) An undertaking from the person having POA referred
to in Sub. Clause-(b) above that they agree and abide
by the RFP uploaded by the Authority and amendments
uploaded, if any.

27. Part - III: Financial Bid

Financial Bid As per format provided in the e-tendering portal

28. Bid Validity 120 days from the date of Bid submission
29. Bid Security A Bidder is required to deposit, along with its Bid, a Bid
Security of Rs.3,50,00,000 (Rupees three crore fifty lakh
only) (the "Bid Security"), refundable not later than 180
(One hundred & eighty) days from the Bid Due Date,
except in the case of the Selected Bidder whose Bid
Security shall be retained till it has provided a Performance
Security.

The Bidders shall provide Bid Security in the form of a

bank guarantee acceptable to the Authority and the validity
period of the bank guarantee shall not be less than 120 (one
hundred and twenty) days from the Bid Due Date and a
claim period of 60 (sixty) days, and may be extended as
may be mutually agreed between the Authority and the

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 Development of International Convention Centre at Goa on DBFOT Basis
BID SUMMARY

S.No Key Information Details

Bidder from time to time. The Bid shall be summarily
rejected if it is not accompanied by the Bid Security.

Any Bid / document not accompanied by the Bid Security

shall be rejected by the Authority as non-responsive.

Bid Evaluation
30. Bid Parameter HIGHEST COMBINED REVENUE SHARE

The Bidder whose Bid is adjudged as responsive, qualified

and Eligible in terms of this Article 3 and who quotes
highest Combined Revenue Share shall be declared as the
Selected Bidder (the “Selected Bidder”).

The Combined Revenue Share for a Bidder shall be derived

as follows:

Combined = 20%*(RSMF) + 80%*(RSDD)

Revenue
Share (%)

Wherein,
RSMF = Revenue Share from Mandatory Facilities (the
“Mandatory Facilities Revenue Share”) as
quoted by the Bidder in its Financial Bid
RSDD= Revenue Share for Downstream Developments
(the “Downstream Assets Revenue Share”)
as quoted by the Bidder in its Financial Bid

31. Signing of (i) within 45 (forty-five) days of the issue of “Letter of

Concession Award”:
Agreement a) Provide Performance Security in the form of bank
guarantees amounting to a total of Rs. 35,00,00,000
(Rupees Thirty-Five Crore Only) as detailed in
Article 9 of the Concession Agreement. The Bank
Guarantees shall be in the form of an unconditional
and irrevocable Bank Guarantee in local currency
issued by a scheduled bank and payable at Panaji. The
Performance Security shall be in favour of
“Department of Finance, Government of Goa”. The
format for the Bank Guarantee shall be as per
Schedule F of the Draft Concession Agreement).

b) Provide the Certificate of Incorporation of the Special

Purpose Vehicle (SPV) formed for the purpose of
entering into the Concession Agreement with the

PPP division, Finance Department, Govt of Goa 14

 Development of International Convention Centre at Goa on DBFOT Basis
BID SUMMARY

S.No Key Information Details

Authority along with Memorandum and Articles of
Association of the SPV.

c) Carry out, with Authority, on a mutually agreed date

and time, an inspection of the Site and prepare a
memorandum containing an inventory of the Site
including the vacant and unencumbered land,
buildings, structures, road works, trees and any other
immovable property on or attached to the Site.

d) Pay to the Authority a onetime non-refundable

Upfront Payment of Rs.5,00,00,000 (Rupees Five
Crore Only) towards project development costs

(i) Within a period of 60 days from issue of LOA:

a) Sign the Concession Agreement with the Authority in
accordance with the terms and conditions set out in
the Bidding Documents.

The Selected Bidder shall not be entitled to seek any

deviation, modification or amendment in the Agreement.

The stamp duty and registration charges towards signing of

the Concession Agreement shall be borne entirely by the
Selected Bidder / Concessionaire.
Note: Amendments/Addendum/Corrigendum, to the RFP, if any, shall not be advertised
in newspapers, but shall be posted on e-nivida portal only.
In case of any queries / clarifications, please contact the PPP Division at the details
mentioned below.

DIRECTOR (PPP),
DEPARTMENT OF FINANCE,
GOVERNMENT OF GOA
Phone: 0832-2419542/543

ADDRESS: Room No.19,

Secretariat,
Porvorim, Goa
403 521

E-mail: [email protected]

PPP division, Finance Department, Govt of Goa 15