Procurement Notice

Firms whether bidding individually or in the form of a Joint Venture, shall:

1. be legally incorporated or otherwise organised in, and have their principal place of business in an Eligible Country;

2. be more than fifty (50) percent beneficially owned by a citizen or citizens and/or a bona fide resident or residents of an Eligible Country, or by a body corporate or bodies meeting these requirements, as far as the ownership can be reasonably determined; and

3. shall have no arrangement and undertake not to make any arrangement whereby the majority of the financial benefits of the contract, i.e. more than fifty (50) percent of the value of the contract, will accrue or be paid to sub-contractors or sub-consultants that are not from an Eligible Country.

Eligible countries are member countries of CDB. Bidders are advised to review the detailed eligibility criteria detailed in Section 4 and conflict of interest provisions in Section 5 of the Procurement Procedures for Projects Financed by CDB (November 2019), as published on CDB’s website.

Eligible bidders will be required to submit full qualification information with their bids establishing their eligibility to bid and qualification to perform the contract if the bid is accepted.  Tender and qualification information are to be submitted in the English Language on the prescribed forms inserted in the Bid Documents.  Submissions that do not provide the information required, or do not demonstrate the prospective contractor’s ability to perform satisfactorily, will not qualify and will not be considered for further evaluation.

Qualification requirements include, inter alia:

1. Minimum average annual construction turnover as specified below, calculated as total construction revenue within the best three (3) of the last five (5) years divided by three (3) years:

• Lot 2A: XCD24,621,524.17 or equivalent to USD9,062,359.37
• Lot 2B: XCD6,728,638.69 or equivalent to USD2,476,586.80
• Lot 3A: XCD19,088,446.37 or equivalent to US$7,025,818.53
• Lot 3B: XCD17,234,945.22 or equivalent to USD USD6,343,606.77
• Multiple Contracts: The minimum average annual construction turnover for multiple lots is calculated as total of the values set up above for individual lots.

2. Access to, or available, liquid assets, unencumbered real assets, lines of credit, and other financial means (independent of any contractual advance payment) sufficient to meet the construction cash flow requirements estimated as follows for the subject contract(s) net of the Bidder’s other commitments:

• Lot 2A XCD8,207,174.72or equivalent to USD3,020,786.46
• Lot 2B: XCD2,242,879.56 or equivalent to USD825,528.93
• Lot 3A: XCD6,362,815.46 or equivalent to USD2,341,939.51
• Lot 3B: XCD5,744,981.74 or equivalent to USD2,114,535.59
• Multiple Contracts: The construction cash flow requirements for multiple lots are calculated as total of the values set up above for individual lots.

3. Experience under construction contracts in the role of prime contractor, a Joint Venture (JV) member, subcontractor, or management contractor for at least the last seven (7) years prior to the bid submission deadline, starting 1st January 2014.