Unsolicited Bids Clause Samples

Unsolicited Bids. For hydel and indigenous coal projects, unsolicited proposals will be permitted from sponsors when there does not exist a feasibility study for the project. A sponsor wishing to make an unsolicited proposal must submit detailed proposal to PPIB. The propo ▇▇▇ must include at least the following information: (a) Project location (b) Proposed capacity and plant factor (c) Basic outline of structures and plant. (d) Summary programme to commissioning date including a specified time to complete the Feasibility Study. (e) Full pre-qualification details as required in Section 3.2 for the proposed sponsors. The PPIB will issue a Letter of Interest (LOI) at this stage provided the project is not in conflict with existing plans and the pre-qualification criteria are met. The LOI will require the sponsor to carry out a complete feasibility study at an internationally acceptable standard and within an agreed period of time according to agreed milestones. If the sponsor fails to complete the feasibility study in the sp ecified time period, or is lagging in progress as determined from the agreed milestones, then PPIB will have the right to terminate the LOI with adequate notice. In such a case the sponsors nor the Project Company shall have any claim for compensation or damages against GOP or any of its agencies. PPIB will appoint a panel of experts to review the conduct of the feasibility study and its results to ensure that the implementation of the project would be consistent with national and provincial needs. If the feasibility study is approved by this panel, a bidding process will be initiated as defined in sections 3.1 to 3.4 and section 4. However as the sponsor of the unsolicited bid has provided the feasibility study, he will not be required to submit a bid bond. On the conclusion of the bidding process, the sponsor of the unsolicited proposal will be offered the opportunity to undertake the project at the lowest tariff offered by the bidders. If he rejects this offer the successful bidder will repay the reasonable and independently audited cost of the feasibility study to the original sponsor before the issuance of LOS. Unsolicited bids will also be permitted for small hydel power plants or those based on other renewable energy sources without any requirement for competitive bidding, as explained in section 11.