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 (January 2021), 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.  Bid 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. an average annual turnover an average annual turnover of at least US$12.0Mn (EC$32.0Mn) for either Lot 1 or Lot 2, and US$20.0Mn (EC$54.0Mn) for both Lot1 and Lot 2, calculated as total certified payments received for contracts in progress and/or completed within the best 5 of the last 8 years, divided by five years
    
2.  a demonstrable cash flow, including 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 US$3.0Mn (EC$8.0Mn) for either Lot 1 or Lot 2, and US$5.0Mn (EC$13.5Mn) for both Lot 1 and Lot 2.
    
3. experience as prime contractor in the construction of at least two (2) assignments of a nature, scope, and complexity comparable to the proposed project activity within the last eight (8) years (to comply with this requirement, works quoted should be at least 80 percent complete).