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الصفحة الرئيسية > english > Advertising Housing > Second Bid 2017
 
 offering(13) plots of investment land for  the leading companies with different areas (59 acres to 2800 acres)for sale partnership system for the establishment of various investment activities in new cities
 

1 - The proposed general perception of the project.

• The proposed project overview illustrates implementation stages, the land use budget for the proposed uses, the total built-up areas of the GFA, the total area covered by the ground floor.

• A study showing the main attractions that will increase the chances of success of the project and support its competitive opportunities.

• A study explaining the different phases of project development and the impact of developing each one in increasing the market value and chances of success in the next stages.

• Timetable -  First Level  - shows the time periods required to develop the project stages.

• The general perception of the project is one of the elements of evaluation and differentiation between the technical presentations submitted by the developers according to the elements of evaluation and the relative weight of each of them and described in the details and requirements of technical presentations.

2- Economic feasibility study:

The developer of the project must include the proposal to study the preliminary feasibility of the project showing the participation rate as follows:

• The initial estimated value is calculated according to the "present value"

• The partnership agreement is subject to the obligation of the developer to not exceed the share of the Authority in the share of the project in kind of 50% of the total share in the project and the developer is committed to provide all guarantees to the Authority when signing the contract.

• The proposed timetable for delivery of project phases and delivery dates proposed to end users of real estate products, which will be based on the development of the cash flows and profit calculation dates of the project. Note that the final timetable for the development of the project must be approved by the first party before contracting.

• Examine project development costs and cash flow schedule according to the proposed timetable.

• A study showing cash inflows according to the proposed timetable.

• A study showing the expected profits of the project and its flow rates, an analysis of the main financial indicators of the project.

3- Proposed timetable:

 The submitting company shall submit a timetable of the first level indicating the main activities of the development of the project, divided according to the different phases proposed by the developer and the time periods for each of these activities and the relationship between them.

 Bearing in mind that the proposed schedule of the bidder should constitute the time base for the inflows and outflows.

4 - Management of projects and maintenance of the project:

 The project management and maintenance of all stages of the project and all its components are established on the responsibility of the developer "Second Party", which includes maintenance and project management services (at least):

• Maintenance of facilities, infrastructure and networks for the project.

• Maintenance and care of gardens and landscaping.

• Maintenance of buildings from outside and public and common areas.

• Cleaning works for proposed areas, streets and gardens

• Public security and internal traffic regulation

 The developer is responsible for the management and maintenance work during the construction period of the project and extends regularly until it is transferred to an acceptable party from the first party representing the end users of the project.

5 - Applicable provisions, laws and conditions binding on bidders:

* The provisions of Law No. 59 of 1979 concerning the establishment of the new Urban Communities Authority and the Real Estate Regulations of the Commission and its amendments and the requirements of the First Party and the Building Law No. (119) of 2008 and its Executive Regulations issued by the Minister of Housing, Utilities and Urban Development No. 144 of 2009 and their amendments are supplementing and complying with the requirements of this request, unless otherwise provided

* In case a foreign partner is required to obtain the approval of the competent authorities in accordance with the laws and decisions issued in this regard within a maximum period of one month from the date of notifying him of the allocation of the land and without prejudice to the deadlines for payment of payments or receipt of land.

* In the case of the breach of the developer assigned to the land plot any of the obligations stipulated in the tender request or contract clauses or if he did not show seriousness in receiving the site and the issuance of building licenses and adhere to investment requirements and time programs and the completion of implementation during the period specified for that, the contract is broken on its own Without the need for warning, warning or judicial ruling and notify the second party "developer" letter recommended by the flag of access to the address indicated by the offer or the last address notified by the first party, without prejudice to the right of the first party to refer to him for damages suffered damage and not entitled to roads The second is the repayment of the above payment, especially the amount of the guarantee of his offer, in addition to all the rights provided by the provisions of Law No. 59 of 1979 regarding the establishment of the new Urban Communities Authority, the Real Estate Regulations and the terms of the contract.

* The developer for whom the land is allocated may not transfer the ownership of the land from the area covered by this contract, as a whole or in parts, or participate therein or enter into it as an in-kind share in any project of any other type of conduct, unless the consent of the first party has been taken and the financial and contractual obligations stipulated in the offer , And in case of violation, the contract shall be deemed to have been terminated on its own without notice, warning or judicial decision, with the application of the rules of revocation of the preceding clause.

* The units of the project are allowed to be submitted for a reservation or sale after the approval of the first party and after fulfillment of the specific conditions stipulated in the signed contract and the decision of planning and division of the project as required by Law No. 119 of 2008 and its executive regulations.

* The parties (the developer dedicated to the land - and the new Urban Communities Authority) shall undertake any amendments made by the Council of State or deemed to be incorporated into the contract upon its review.

6- General Terms :

• Sale in participatory method as a share in kind and cash among the leading companies in the field of land activity, which has developed projects not less than the total area specified in the following table and according to the previous experience and solvency appropriate for the plots of land advanced.

• The inquiries session will be held on Tuesday 22/8/2017 at the 6th of October City Development Authority.

• Inquiries session is an integral part of the booklet of conditions and is complementary to all its provisions.

• Offers will be submitted from Sunday, 24/9/2017 until Thursday, 28/9/2017 at the Urban Communities Authority, and will not accept any offers submitted after these dates.

The table shows the plots of land offered for participation, their locations, their approximate area of ​​land, the activity of each piece, and the minimum of another similar project that has already been developed by the applicants company.

7 - the general terms – Continued

• The bidder must clarify the detailed address of the chosen candidate by submitting all correspondence for the partnership process. Therefore, any correspondence to this address is valid for all its legal effects, unless there is a formal notification of any changes affecting the chosen address .

• The bidder is committed to presenting the offer including a full view of the method of participation in detail, whether by paying a cash part, stopper, part-in-kind, delivery program or according to the bidder's vision.

• The offer shall be considered complete if it fulfills all the requirements of the tenders for the development of the distinctive lands owned by the Authority in the system of participation and is in accordance with the elements of the land and the best use of it and does not deviate in its content from the essence and objectives of the development program.

8 - elements of evaluation

(Technical and financial) shall be carefully evaluated according to the minimum of the prior development and the highest return of the body according to the relative weight according to the following table:

9- Documents and conditions required for evaluation

• Investment record

• A recent extract from the Commercial Register

        Tax card •

• VAT registration certificate

• A negative certificate from the court in which the company's headquarters is located stating that no suits have been filed against it with the month of bankruptcy

• A detailed statement of the experience of the company in terms of similar projects, provided that the statement includes the location, the area, the start and finish date, the building areas, the use of the buildings (residential, commercial, administrative, tourist, hotels, etc.). - Supporting companies in the development of the project (consultant design - engineering supervision - implementation contractors - real estate marketers ... etc) Project Management Method - Financing Road - Actual Project Development Schedule

• Organizational structure of the company - Quality policy - Policies that have a direct impact on the capabilities of the company

• A visualization of the uses of the project land

• The proposed timetable for the development of the project in accordance with Annex (12)

• Marketing strategy and proposed project management style

• The company's financial statements for the past three years.

• Statement of banks and the volume of loans and facilities provided.

• the approval of the Urban Communities Authority to inquire about the company at the banks and companies dealing with them.

• Statement of the funding management method required for the project.

• Net present value (N P V) of the total cash flows provided by the investor from the value of land at a discount rate as follows:

- 18% for a period of time less than 5 years

- 16% for a period of time more than 5 years

• Specific share of the rest of the price of the land plus the return of the project from the date of approval of the offer until the dates of delivery of the share in kind according to the stages determined by the bidder.

• A percentage of the proceeds from the sale of the project elements shall be determined by the bidder, while specifying the lowest guaranteed value of these revenues, which shall be paid as a minimum of the Authority's share of the revenues and the dates of such payment.

• Mixing the previous alternatives with the developer guaranteeing the payment of the present value of the land price at a minimum according to the discount rate.

• The offer must contain one total percentage representing the total value of the land price plus a share of the project's profits according to the offer made by the developer.

• The bidder is obliged to guarantee a minimum annual payment during the years of implementation of the project, provided that it is settled from the Authority's share in the proceeds of participation in case of need I for settlement.

• The joint choice between the developer and the Authority for:

- Auditor to review all project work and prepare quarterly financial statements

- Technical consultant to follow up the work during the implementation period

• The bidder shall attach to his offer a bank check or unconditional and irrevocable bank guarantee letter in an amount equivalent to 2% of the total value of the plot of land advanced as a reservation obligation and in the case of the letter of guarantee it shall be valid for six months and renewable.

• The investor is obliged to sign the contract within three months of being notified of acceptance of his offer

• Authorizes the start of sale of real estate products developed in the project after the issuance of the ministerial decree  to approve the planning and division of the Authority, thus establishing and registering the company owning the project, establishing a special bank guarantee account in one of the approved Egyptian banks to deposit all the money paid by the buyers, Of the project / stage dealing with the deduction of the share of the Authority automatically and transferred to its account according to the contract or what is agreed between the parties

• The contract between the investor and the Authority provides details and steps of dealing

• The bidders shall bear all the expenses and burdens of preparing their technical and financial presentations

• The bidder is obliged to take into account all current and future economic variables such as inflation rates, exchange rate changes, raw materials and construction costs and will not be entitled to change its financial offer based on any future variables.

• Any offer submitted must be valid for a period of not less than six months from the last date of submission of bids. This must be confirmed in the form of acknowledgment of the validity of the offer.

• The financial offer should not contain any conditions or reservations that will affect the financial value of the offer and will not pay attention to any conditions in the financial offer.

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