Swiss Challenge for Original Proponent, MTD Capital
BCDA initiates Swiss challenge for national gov’t center proposal
THE Bases Conversion and Development Authority has invited bidders to place bids to compete with an unsolicited proposal for the planned National Government Administrative Center (NGAC) in New Clark City.
The BCDA said it is inviting potential joint venture partners for the development of a portion of the New Clark City Clark Special Economic Zone.
A pre-eligibility conference is set for Nov. 23 while submission of documents is set for Dec. 11.
The unsolicited proposal is from Malaysia’s MTD Capital Bhd. MTD Capital submitted a P121.8-billion proposal last month for a joint venture agreement to finance and provide technical and engineering expertise for the construction and operations and maintenance of the 207-hectare NGAC.
Unsolicited proposals are subject to a so-called Swiss challenge, under which competing bids are solicited from other parties who might top the original proposal. The original proponent is then entitled to match competing bids.
MTD Capital proposed that the NGAC house satellite and major administrative offices of certain government agencies, similar to government centers like Putrajaya, Malaysia and Sejong City, South Korea. Also included in the proposal are the construction of areas for embassies and international schools, housing facilities for government employees, sports facilities, and public schools, among others.
http://bworldonline.com/bcda-initiates-swiss-challenge-national-govt-center-proposal/
BCDA initiates Swiss challenge for national gov’t center proposal
THE Bases Conversion and Development Authority has invited bidders to place bids to compete with an unsolicited proposal for the planned National Government Administrative Center (NGAC) in New Clark City.
The BCDA said it is inviting potential joint venture partners for the development of a portion of the New Clark City Clark Special Economic Zone.
A pre-eligibility conference is set for Nov. 23 while submission of documents is set for Dec. 11.
The unsolicited proposal is from Malaysia’s MTD Capital Bhd. MTD Capital submitted a P121.8-billion proposal last month for a joint venture agreement to finance and provide technical and engineering expertise for the construction and operations and maintenance of the 207-hectare NGAC.
Unsolicited proposals are subject to a so-called Swiss challenge, under which competing bids are solicited from other parties who might top the original proposal. The original proponent is then entitled to match competing bids.
MTD Capital proposed that the NGAC house satellite and major administrative offices of certain government agencies, similar to government centers like Putrajaya, Malaysia and Sejong City, South Korea. Also included in the proposal are the construction of areas for embassies and international schools, housing facilities for government employees, sports facilities, and public schools, among others.
http://bworldonline.com/bcda-initiates-swiss-challenge-national-govt-center-proposal/