Professional Documents
Culture Documents
of the contract, the client receives the "key" to a project ready for its overall
performance.
Rather than contracting with an owner to develop a project in stages, the developer is
hired to finish the entire project without owner input.
The builder or developer is separate from the final owner or operator, and the project is
turned over only once it is fully operational.
In effect, the developer is finishing the project and turning the key over to the new
owner.
1. The merger of the missions of conception and execution of the work in one
person.
2. The overall obligation assumed by the contractor to the client to deliver a work
fully equipped and in perfect working order.
The contractor assumes the design and execution of the work since it involves
holding one single contract made between the client and the contractor.
Gives the contractor the right to make changes in their plans, at their own cost and
risk.
Indeterminacy of the object of the contract at the time of awarding the contract,
which is to meet standards throughout the completion of project request for
proposal .
Rights granted to the contractor to modify the project provided that it is informed,
review or approve such changes, and provided that such amendments do not alter
the technical guarantees and good work.
The contractor shall be responsible for any possible gaps and omissions that may
vitiate the project and the client's rights.
A Request For Proposal for a specific program may require the company to review the bids not
only examine their feasibility , but also the health of the bidding company and the ability of the
bidder to actually do what is proposed.
The RFP may provide detailed information on the project or program, but can leave leeway for
the bidder to fill in the blanks with how the project would be completed or program run.
A request for proposal (RFP) is a document issued by a business or an organization to request
vendor bids for products, solutions and services.
The RFP provides a procurement framework to streamline the initial stages of contractor
solicitation. RFP also may refer to a request for pricing.
What is the difference between an Expression of Interest and a Request for Proposal?
An Expression of Interest (EOI) is a multi-staged process.
An EOI is used to shortlist potential suppliers before then seeking detailed bids from
the shortlisted tenderers.
An EOI is generally used when the information required from tenderers is specific but
the agency is unsure of the capability of suppliers to provide the required goods and
services.
A Request for Proposal, on the other hand, can be a single or a multi-staged process
and is usually used when the project or requirement has been defined, but where an
innovative or flexible solution is sought.
Pre-bid discussions are important and are carried out after release of NIT(Notice inviting tender)/RFQ
(request for quotation) and before submission of bids,
Pre-bid discussions with prospective bidders can be arranged in different groups to explain bidding
procedure and to clarify any possible ambiguities in the specification faced by the bidder(s).
It should include all important functions/ equipment efficiency/ performance particulars data
specified in specification so as to analyse cost/performance index of each function. Evaluation plan
requires identification of items and their score-points.
Prior to the detailed evaluation of the Technical Bids, The Department shall determine whether each bid
a. Is complete
b. Is accompanied by the required information and documents and
c. Is substantially responsive to the requirements set forth in the tender document.
The Departments evaluation in this regard shall be final and binding on all Bidders.
technical committee.
The technical presentation will broadly cover the criteria for evaluation:
Technical presentations scoring not less than 70 % of the total points will only be able to
If deemed necessary, the Department in its sole discretion to make required variations in
the cut off points for technical evaluation including criteria for technical evaluation.
Based on the results of the Technical evaluation, the Department shall then proceed to
call and evaluate the Financial Bid of those bidders who qualify in the Technical
evaluation.
A turnkey contract also provides more time for an owner to seek financing and investors before he is
required to pay for a completed project.
These agreements also save inexperienced owners from making difficult construction decisions, leaving
these decisions in the hands of the developer or builder.
Before choosing a turnkey contract for your project, it's important to understand the potential DRAWBACKS
of this type of agreement.
The primary drawback is the lack of control the owner maintains over design and construction
decisions.
For some owners, this may mean the project is not perfectly suited to their needs once it is complete.
For others, this drawback may be canceled out by the potential for cost savings and shorter construction
schedules.
Some owners may choose a turnkey-plus contract, which leaves the developer with some financial longterm interest in the project.
Alternative project delivery schemes, illustrating the risks for the concessionaire
2. The other partner (the public sector) will either pay rent during this period or allow the
private partner to earn revenue through the facility
3. Highway projects are mostly executed through this model
BOO can also be incorporated in social infrastructure but 2/3rd investment is to be barred by
government. But governments of developing nations are incapable of investing such high amounts.
3.
BOLT is best suitable for such projects as risks are shared by both the parties (private and public) and
also government does not have to finance the project.
4. In BOT, BOOT, BOO; operation and maintenance is of private sector whereas in BOLT it is of government.
Hence, for social infrastructure such as public hospitals, schools, etc.; government is required to operate
and maintain in order to serve the people economically.
5.
In BOO model, the asset ownership is with government during and after concession period, hence there
can be financial risk to the private party.
6.
BOT, BOOT, BOO cannot be effectively used as there is no or less revenue generation, which will not give
sufficient rate of return to the private bodies.
7.
In BOT Annuity model, the maintenance of the project has to be done by the private body during the
PPP models are generally concentrated in transportation sector but BOLT excels in both
transportation and social infrastructure.
The company must be able to provide furniture design and supply services.
The company must have project management expertise and develop a project management framework.
The company must ensure that macro and micro office relocation and execution of the
written reports.
The company must ensure that no construction work takes place post the relocation process.
The company must ensure that all the relevant and critical aspects of office interior design and decor is done
according to the space planning, design and decor specifications
Procurement
The company must place all orders and coordinate deliveries with various contractors and suppliers during the
project.
Physical move
The company must ensure that all goods are labelled , for easy reference, and placed in the appropriate
workstations as well as ensuring that all administrative issues are performed prior to and on the day(s) of the
relocation.
The company must ensure that all electrical appliances and gadgets are installed and that, all equipment are
functional prior to the physical relocation taking place.
The company must assist to maximize and ensure public visibility through the second accommodation and
adequate branding.
Budget
The company must provide a preliminary budget for the entire project which includes finishes (items, price,
finishes) Services (items, price, finishes), Workstations and training furniture (items, price, finishes), Special
areas furniture (items, price, finishes), Other (items, price, finishes).
A turnkey project could involve the following elements depending on its complexity:
Project administration
Licensing-in of process
Design and engineering services
Subcontracting
Management control
Procurement and expediting of equipment;
Materials control
Inspection of equipment prior to delivery
Shipment, transportation
Control of schedule and quality
Pre-commissioning and completion
Performance-guarantee testing
Inventorying spare-parts
Training of owner's/plant sub-system operating and maintenance personnel
The turnkey-contractor furnishes a wide variety of warranties and guarantees and accepts
several liabilities.
These include :
1. Warranties for the timeliness of deliveries of equipment, of erection and of