Description |
EXPRESSION OF INTEREST
HIRING OF TRANSACTION ADVISOR (LEGAL AND FINANCIAL) FOR HOTEL PLOTS (PLOT # 6 & 8 AT F-5/1)
The Capital Development Authority (CDA) was established in 1960 and is one of the oldest civic organizations in Pakistan. The authority was created with the aim to develop and maintain the capital city, Islamabad, and its surrounding areas. Over the years, the CDA has displayed a crucial role in the planning, design, and development of the city, ensuring its growth and modernization. The authority has been responsible for the construction of various iconic landmarks in Islamabad, including government buildings, parks, and residential areas.
2- CDA intends to hire the services of a Transaction Advisor (TA) covering financial and legal advisory services. Phase 1: Undertake a comprehensive feasibility study for the transaction. Phase 2: If required, provide advisory services for the procurement conclusion of the transaction.
3- The advisory services shall include but not be limited to: (i) legal due diligence of the property (ii) commercial assessment (iii) financial feasibility assessment enunciating risks and their costs (iv) transaction structuring analysis for the project including optimal value for money;(v) Transaction documents including technical and legal assistance support; and (vi) assistance in execution of bidding process in an efficient, transparent and competitive manner and successful closure of the Transaction as per regulations of the Authority. TA is expected to associate law firm with relevant experience. TA with the requisite demonstrable experience in real estate related advisory services may submit its relevant profiles along with following information:
i. Global Ranking of the TA in any of the globally recognized league tables during the last 05 years
ii. Proof of registration with Income Tax and Sales Tax Departments (active tax payer status);
iii. Detail of at least two (2) real estate transaction advisory projects of over PKR 5 Billion executed by the TA during last Ten (10) years.
iv. Undertaking that TA or any associated member has not been black listed by any Government department and/or Public Sector Organisation and
v. Audit reports of last three years
4- EOI documents are available on PPRA E-PADS portal and can be downloaded from CDA?s website https://www.cda.gov.pk) free of cost. The hard copies of EOI documents may be purchased from the office of Dy. Director-II P&CA-I, Room No.28, Block No. III, P&C Wing CDA Secretariat G.7/4, Islamabad upto 02.08.2024 upon submission of application with a non-refundable amount Rs.3,000/- (Rupees Three thousand only) in shape of cash being cost of the Bidding Documents during working hours on or before given date and time.
5- Only firms/Consultants registered with PPRA on E-PADS as TA Consultants are eligible to purchase & submit the EOI documents. The selection will be made in accordance with the Quality and Cost Based Selection (QCBS) method.
6- Assignment related information may be obtained from the Focal Person Mr. Sajjad Ullah cell #0321-5033313.
7- EOI should be accompanied with Bid Security / earnest Money Rs. 01.00 Million (refundable) in the form of Pay order/CDRs in favor of DDO-Procurement & Contract, CDA. The prospective bidders shall upload scanned copy of Bid Security on E-PADS and original will be submitted to the office of Director P&C-I, CDA, along with the EOI.
8- The prospective bidders are also required to submit their EOI online through E-PADS at http://eprocure.gov.pk before opening date. Original EOI in accordance with the provisions of Rule 36(b) of Public Procurement Rules-2004 and terms & conditions defined in the EOI documents must be submitted at below mentioned address on or before 05.08.2024 at 11:00 AM.
9- The Bids will be opened publicly on the same day (Monday) 05.08.2024 at 11:30 AM in the presence of the Committee & Bidder?s authorized Representatives who choose to attend the opening session to be held at the office of Director P&C-I (Room No 29 Block III CDA, Secretariat, G-7/4 Islamabad.
10- The Authority reserves the right to reject all the applications as per PPRA Rules 2004.
11- The Advertisement is also available on CDA and PPRA?s websites.
Deputy Director-II P&CA-I, CDA
Block No III, Room No.28
CDA Secretariat, Sector G 7/4 Islamabad
Ph# 051-9252422
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