RFP

For
Development of Bus Terminus cum
Commercial Complex on D.B.F.O.T.
basis At
AKHARA BAZAAR

March 2016
RFP Issued by:

Himachal Pradesh City Transport and Bus Stands

Management & Development Authority
1

SECTION I: PROJECT INFORMATION MEMORANDUM

TABLE OF CONTENTS
DISCLAIMER ...................................................................................................................................... 4
1.1
2.

Introduction ....................................................................................................................................... 5

PROJECT BACKGROUND ....................................................................................................... 5

2.1 Introduction ....................................................................................................................................... 5

2.2 Development Envisaged ................................................................................................................. 7
2.3 Commercial Consideration ............................................................................................................ 8
2.4 Revenue Streams from the Project ............................................................................................ 9
2.4.1 Revenue streams from the operations of the Bus Terminal:....................................... 9
2.4.2 Revenue Stream from Commercial Complex ..................................................................... 9
2.5 Statutory Clearances ....................................................................................................................... 9
2.6 Development Parameters to be followed.............................................................................10
2.7 Assignability and Encumbrances ............................................................................................10
3.

GENERAL TERMS AND CONDITIONS FOR EVALUATION ......................................... 10

3.1Evaluation of the bids .......................................................................................................................10

3.2
Proposal Submitted by a Consortium.................................................................................10
3.2.4 Minimum Equity requirements .............................................................................................11
3.3
Fee and Deposits To Be Paid By The Bidder....................................................................13
3.3.1 Proposal Security ........................................................................................................................13
3.3.2 Performance Security and Project Development Fees..................................................14
3.4
One Bid per Bidder .....................................................................................................................15
3.5
Proposal Preparation and Cost ..............................................................................................15
3.6
Due Diligence, Inspection and Investigation ...................................................................15
3.7
Validity of Proposal ...................................................................................................................15
3.8
Right to Reject Proposals ........................................................................................................15
3.8.2 Misrepresentation / Fraud / Breach of Terms and Conditions................................15
3.9
Disputes..........................................................................................................................................16
4.

TENDERING PROCEDURE AND SCHEDULE .................................................................. 16

4.1 Eligiblity of the Bidders ...............................................................................................................16

4.2
Amendment of RFP ....................................................................................................................18
4.3
Preparation and submission of Proposal..........................................................................18
4.4
Language and Currency ...........................................................................................................19
4.5 Bidders Responsibility................................................................................................................19
4.5.2 Site Visit .........................................................................................................................................20
4.6
Sealing and Marking of Proposals .......................................................................................20
4.7
Modification and Withdrawal of Proposals .....................................................................21

4.8
Opening of Bids ...........................................................................................................................22
4.9
Evaluation of Proposals ............................................................................................................22
4.10 Confidentiality.............................................................................................................................23
4.11 Acceptance of the Proposal....................................................................................................23
4.12
Execution of Concession Agreement.................................................................................23
4.13
Bids of other Bidders..............................................................................................................24
4.14
Proposal Data Sheet.. 24

DISCLAIMER

The information contained in this Request for Proposal (RFP) document or subsequently
provided to Bidders, whether verbally or in documentary form by or on behalf of Himachal
Pradesh City Transport and Bus Stands Management & Development Authority (HPCTBSMDA)
or any of its employees or advisors, is provided to Bidders on the terms and conditions set out
in this RFP document and any other terms and conditions subject to which such information is
provided.
This RFP document is not an Agreement and is not an offer or invitation to any other party.
This RFP document does not purport to contain all the information each Bidder may require.
Each recipient must conduct its own analysis of the information contained in this RFP or to
correct any inaccuracies therein that may appear in this RFP and is advised to carry out its own
investigation into the proposed project, the legislative and regulatory regimes which applies
thereto and by and all matters pertinent to the proposed project and to seek its own
professional advice on the legal, financial, regulatory and taxation consequences of entering
into any agreement or arrangement relating to the proposed project.
HPCTBSMDA and their employees and advisors make no representation or warranty and shall
incur no liability under the Law of Contract, Tort, the Principles of Restitution or unjust
enrichment or otherwise for any loss, expense or damage, accuracy, reliability or completeness
of the RFP document, which may arise from or be incurred or suffered in connection with
anything contained in this RFP, any matter deemed to form part of this RFP, the award of the
Project, the information and any other information supplied by or on behalf of HPCTBSMDA or
their employees, any consultants or otherwise arising in any way from the selection process for
the Project.
HPCTBSMDA may in its absolute discretion, but without being under any obligation to do so,
can amend or supplement the information in this RFP document. The information that
HPCTBSMDA is in a position to furnish is limited to this RFP and the information available at
the contact addresses given proposal data sheet, along with any amendments/ clarifications
thereon.
The information contained in the RFP must be kept confidential.
Mere submission of a responsive Bid does not ensure selection of the bidder as Concessionaire.

1. INVITATION FOR PROPOSAL

1.1 Introduction
The Himachal Pradesh City Transport and Bus Stands Management & Development
Authority (HPCTBSMDA) intends to develop an integrated Multilevel Car Parking -cumCommercial Complex at Akhara Bazar through Public Private Partnership mode (in
DBFOT Design, Build, Finance Operate and Transfer format)basis for a predetermined Concession Period, as stated in Article 3.4 of the draft Concession
Agreement. This Request for Proposal (RFP) is in this regard only.
An Agreement will be drawn up between HPCTBSMDA, and the Successful Bidder on
PPP basis (the Concession Agreement). Revenues from the Project will accrue to the
successful bidder undertaking the project (the Concessionaire) during the Concession
Period.
A Single Stage bidding process is being followed for determining the successful bidder.
The bidders are required to meet the minimum threshold technical and financial
capability criteria, as stated in the Notice Inviting Tenders (NIT) advertisement
published in the newspaper Pursuant to that, the bidders would be evaluated on the
basis of the detailed technical and financial proposals. This qualification assessment
would be carried out as part of the current bidding and evaluation process. The
financial proposal of only those bidders that possess the minimum technical
requirements would be opened and evaluated. The RFP document contains information
about the Project, bidding process, proposal submission, qualification and financial
proposal requirement.
The RFP submissions must be received no later than 1500 hrs on 25/04/2016 .in the
manner specified in the RFP document at the address given below and HPCTBSMDA
shall not be responsible for any delay in receiving the proposal and reserves the right to
reject any or all Proposals without assigning any reason thereof.
The Chief Executive Officer,
Himachal Pradesh City Transport and Bus Stands Management &
Development Authority, Tutikandi, Shimla.
2.

PROJECT BACKGROUND

2.1

Introduction
The main objectives of the project are:
1) To provide better facility to users of the parking cum commercial complex facility at
Akhara Bazar and facilitating passengers, tourists and devotees.
2) To efficiently use the land available for the project by planning different
components this can co-exist in synergy with each other.

3) To generate revenue for HPCTBSMDA in form of the Annual Concession Fee for a
pre determined Concession Period.
4) Construction of Multilevel Car Parking/Ramp Based Parking keeping in view the
present and future parking requirement and provide a contiguous Built-up Area, as
specified in Schedule of the draft Concession Agreement, along with all related
facilities/ utilities/ infrastructures in developed Modern Bus Terminal, Multilevel
Car Parking -cum-Commercial Complex, for use and occupation of HPBSMDA. The
contiguous built-up area shall be pre-arranged for use and occupation will be at no
rentals to HPCTBSMDA. There should be separate entry and exit for Commercial
Complex and Bus Terminal.
5. Provision of any other structures in view of future provision of ropeway, Monorail
etc.
The detailed Scope of Work has been stated in the draft Concession Agreement and the
related Schedules.
To meet the above requirements, the Bidder shall have the full right to design the
campus as a whole with below noted options:
(i)

(ii)
(iii)
(iv)

To construct a new parking cum commercial complex by meeting the

requirement as indicated in Scope of Work as per schedule in the draft
concession agreement/ABC requirement.
To plan the campus as a whole and provide for parking, Commercial Complex
and contiguous Area for HPCTBSMDA;
To model the traffic movement in Pavement Quality Concrete;
To plan for overall traffic circulation within the campus and on access roads
outside the campus.

The successful Bidder shall develop the site and make certain payments to HPCTBSMDA
in lieu of the development rights granted for specific number of years Concession
Period, as elaborated later in this document and at the end of the Concession Period
the property will be transferred back to HPCTBSMDA.
The bidders must note that they would be required to follow the FAR regulations,
Ground Coverage regulations, minimum parking requirement, and other statutory
rules/ regulations and other prevalent applicable regulations. The relevant rules/
development plan in this regard are available on the websites of
TCP/PWD/NH/HPSEB/HOME DEPT etc but the bidders are advised to check it from the
concerned offices and get the copy of these.
2.1.2 Location of the Site

Area:- 1128 (SQM)

Revenue papers and other relevant detail regarding land is available on demand
s

The bidders are required to carry out due diligence and verification w.r.t the above
provided data. Concessioning Authority (HPCTBSMDA) shall not take any kind of
responsibility for the details provided.
2.1.4 The proposed Concession Period for the Project shall be for a pre-determined period of
30(thirty) years with a provision of extending the term by mutually agreed period
upon the expiry of the first term, on a First Right of Refusal Basis defined in draft
Concession Agreement. This Concession Period is to be considered from the date of
signing the agreement ie 36 months inclusive of financial closure for the complete
project.
2.1.5

The proposed land area shall be leased to the successful bidder / Concessionaire who
shall develop the Project Facility and thereafter, operate and maintain it throughout the
Concession Period. The act of granting permission to develop the Project Facility at the
site and use of the Project Facility or any part thereof shall not vest or create any
proprietary interest in the Project Facility or any part thereof including any permanent
fixtures, fittings, etc installed at the location of the Project Site in favour of the
Concessionaire or any sub-leasee (s).The concessionaire will sub lease only for the
concession period as per the given conditions in the Draft concession agreement and a
copy of sublease should be given to HPCTBSMDA .

2.1.6

The Concessionaire shall be entitled to Tri party agreement only for the concession
period the built up space except the contiguous area, as specified in Schedule of the
Draft Concession Agreement, for HPBSMDA. However, for any such leasing the
guidelines mentioned in the Concession Agreement shall be scrupulously observed.
However, the Concessioning Authority shall also act as a confirming party for any
such sub-leasing agreement made by concessionaire only for the concession
period.

2.1.7

At the end of the Concession Period, by efflux of time or premature termination for any
reason whatsoever, all rights given under the Concession Agreement shall cease to have
effect and the Project Site & the entire Project, thereof shall transfer back to
HPCTBSMDA as per the provisions of the draft Concession Agreement. All the
immovable assets attached to the Project/Project Site shall revert to HPCTBSMDA
without any obligation on HPCTBSMDA to pay or adjust any consideration or other
payment to the Concessionaire.

2.2 Development Envisaged

2.2.1 The nature of the activities and facilities that can be allowed at the proposed site includes:

o Parking cum commercial complex with better facilities . (Minimum required

facilities has been stipulated in Schedule of the Draft Concession
Agreement)ABC requirement/negative list (and agreement copy available
on demand)
o Contiguous Area, as specified in Schedule of the draft Concession Agreement, for
use and occupation of HPCTBSMDA.
However, Commercial Complex/ Tower may not include Casino Liquor shop, Lottery,
items or place for acts that are prohibited by law(local, State & Central) or
considered as immoral or unethical.
2.2.2. All the facilities which are required for creation of a complete state-of-the-art Bus
Terminal shall be developed by the Successful Bidder. The successful bidder shall
adhere to the minimum standards as per guide lines issued by MORTH and laid down by
HPCTBSMDA for the Bus Terminal from time to time.
2.2.3. The Concessioning Authority shall not unreasonably interfere with the internal layout
of the Commercial Complex, proposed by the Concessionaire, except the area where the
Bus Terminal and related passenger amenities are constructed as for the Commercial
Complex, the Concessionaire shall have the freedom to construct the same according to
the demand and market feasibility. HPBSMDA will bear the charges for electricity,
water bills for the office area under its possession.

2.2.4. The Concessionaire and the Project to be developed by him must conform to the
existing building regulations and by laws of the local authorities. The responsibility to
get all the necessary permits and approvals for the above will lie with the
Concessionaire. The maintenance of the entire Bus terminal and commercial facility
would be responsibility of the concessionaire and the entire cost for maintaining the
area shall be borne by the concessionaire.

2.3 Commercial Consideration

The successful bidder would pay an Annual Concession Fee to HPCTBSMDA as per its
Financial Proposal. The successful bidder is bound to pay to the HPCTBSMDA an Annual
Concession Fee (Bid Variable) in return for the requisite authorization to undertake the
development and earning revenues of the said site which shall be escalated every three
years at the rate of 10%, over the previous such Annual Concession Fee.
In the event of delay in payment of Annual Concession Fee, up to four weeks by the
Concessionaire, the Concessionaire shall be required to pay the Concessioning Authority
interest at the rate of SBI medium term Prime Lending Rate plus 4% per annum. In the
case of delay beyond such four weeks, it shall be a Concessionaire Event of Default. In such

an eventuality HPCTBSMDA retains the right to encash the Performance Security and
claim damages from the Concessionaire and even terminate the Agreement as
mentioned in the Performance Security Article of the Draft Concession Agreement. For
the provisions of this Article, HPCTBSMDA is not obliged to and the Concessionaire is
not entitled to any notice whatsoever.
2.4 Revenue Streams from the Project
2.4.1

Revenue streams from the operations of the parking and commercial complex:
a) License for parking areas
b) Revenues from the License of shops at the commercial complex
c) Advertisement Rights

2.4.2 Revenue Stream from Commercial Complex

In addition to Article 2.4.1 of this RFP document, the revenues will be generated from
the Commercial Complex. The Concessionaire shall be able to generate revenues from
the Commercial rentals, parkings in the Commercial Complex, advertisements etc. The
Concessionaire shall have the flexibility to charge any rentals from the Commercial
Spaces, Licensed/leased to the third party except the contiguous area fixed for use and
occupation of HPCTBSMDA (As specified in Schedule of the Draft Concession
Agreement). However, the Concessionaire shall not have the right to out-rightly sell the
facility to third party / any person.
2.5 Statutory Clearances
2.5.1 Commercial development is permissible on the project site under reference, however the
Concessionaire is required to adhere to the development control norms as per the local
prevailing Building Bye-laws . The Concessionaire shall obtain clearances and sanctions
from competent statutory authorities for building plans, utilities, fire fighting, electric
connection/ sub-station etc. It is to be clearly understood that all such clearances are to
be obtained by the successful bidder and HPCTBSMDA can only provide assistance,
wherever possible, on best effort basis without any binding obligation.
2.5.2 The Concessionaire shall plan and install fire-detection, fire-alarm and fire-fighting
system including necessary approval from competent authority on design and
installation. Such fire-fighting arrangements should conform to the National Building
Code, Himachal Pradesh Building Bye-laws and Himachal Pradesh Fire Safety (Fire
Prevention) Rules and other rules and regulations, as applicable with all amendments
from time to time.
2.5.3 If during this period any loss of property and/or life takes place, the loss and account of
the same shall be borne entirely by the Concessionaire and HPCTBSMDA shall not be
liable for any such claims. The Concessionaire would be responsible for the payments

arising out of any third party claims. The Concessionaire is advised to procure
insurance for meeting such liabilities at his own cost.
2.6

Development Parameters to be followed

Bidders shall consider the following development parameters while preparing their
designs.
While designing the Bus stands Concessionaire shall mandatory make the provision for
Rain Water Harvesting and Solar power.
A
B
C
D

Applicable Development Controls

Permitted Ground Coverage
As per the zoning plan at Schedule
of the concession agreement. The
Permitted FAR
bidders are advised to check these
Parking For Commercial
at TCP/NH/HPPWD website/
Development
offices
Height Restriction

2.7

Assign ability and Encumbrances

2.7.1

Except for leasing / sub-leasing/ the use of the built space and facility as per the terms
of this Agreement, the Concessionaire shall be entitled to assign any of his rights, or
interests in this Agreement in favour of lenders/ Financial Institutions at any time, for
raising finance for the project.

3.

GENERAL TERMS AND CONDITIONS FOR EVALUATION

3.1The evaluation of the bids will be completed in 2 stages.

Stage 1 Opening of Technical Bids

Stage 2 - Opening of Financial Bids of Technically qualified applicants

3.1.1

The successful bidder shall be issued Letter of Award (LoA). After issue of the LOA in
writing, and acceptance of the same by the Bidder within 7 (seven) days, the Bidder
shall enter into a Concession Agreement (draft enclosed in the RFP document) with
HPCTBSMDA within 30 (thirty) days of receipt of LOA and carry out his
responsibilities/ obligations.

3.2

Proposal Submitted by a Consortium/Unincorporated JV/Partnership Firm:

3.2.1

The maximum number of allowed members in a consortium is Three (3). Each

consortium must specify the proposed equity shareholding and nominate a Lead
Member of the Consortium. This shall be enshrined in the Memorandum of Agreement
(MOA) signed by all Consortium members and submitted along with this bid/ proposal.

3.2.2

Any material changes in the membership of a Bidder will be rejected by HPCTBSMDA.

Proposals submitted by a Consortium must provide a written agreement (Memorandum

10

of Agreement) to be signed by each member in that Consortium and also, on their

respective company Letter-head duly signed by the authorized signatory of the
company which describes the responsibilities and equity commitments of that member
in the Consortium.
3.2.3

The Consortium/ Joint Venture shall, inter alias form a Special Purpose Company (SPC)
registered in India for the implementation of the Project. SPC shall be formed after
issuance and acceptance of Notice of Award within 30 (thirty) days preceding
Agreement signing. The SPC would enter into the Agreement and subsequently carry
out all the responsibilities of the Concessionaire and undertake the Project as stipulated
in the Agreement. The proposed shareholding of the members of the Consortium in the
SPC must be in compliance with the criteria specified in the RFP. However, the
membership structure of the Bidder shall not be changed by the Bidder without
HPBSMDAs prior written approval.

3.2.4 Minimum Equity requirements

a.

The aggregate shareholding of the Consortium Members (in case of Consortium)

or Associates (in case of Individual Bidder) in the issued and paid up equity
share capital of the Concessionaire shall be not less than:
(i)
(ii)

51% till a period of issuance of Construction Completion Certificate by

the Concessioning Authority and
26% during the balance Operation and Maintenance Period, till the
Project Transfer Date/ issuance of Concession Agreement Completion
Certificate.

b.

In addition to the above obligations, the Lead Member of the Consortium i.e.,
shall maintain a minimum Equity component of 26% in the stipulated issued and
paid up equity share capital of Concessionaire as specified under Article 8.2(a)
(i) and Article 8.2(a) (ii) of the concession agreement respectively.

c.

At no stage shall any change in the Equity Components/ shareholding patterns

shall be made by the Consortium Members or by any of the Associates without
obtaining prior approval from HPCTBSMDA. On an application made for the
purpose, HPCTBSMDA may permit the change of Equity Components/
shareholding patterns, provided HPCTBSMDA is satisfied that the proposed
changes shall be in the interest of the implementation of the Project in future
and would not be detrimental to any of the rights or interests of the
Concessioning Authority and any of the Confirming Authorities. However, no
such change in the Equity Components/ shareholding pattern shall be permitted
by HPCTBSMDA, which would make the Consortium Members or Associates or
the Concessionaire non-compliant with Articles 8.2(a) and 8.2(b) of the
concession agreement.

11

3.2.6

Members of the Consortium shall be liable jointly and severally for the execution of the
Project in accordance with the terms of the Concession Agreement and a statement to
this effect shall be included in the Memorandum of Agreement (MoA) mentioned under
Article3.2.4 above, as well as in the Proposal and in the Agreement. HPCTBSMDA may
require such documents / undertakings/ indemnities as it may deem fit from
consortium members before or at the time of issuance of Notice of Award/ signing of
Agreement.

3.2.7

The Lead member nominated at the time of submission of the proposal shall continue to
be the lead member of the SPC. Such lead member shall hold authorization in the form
of Power of Attorney. The Proposal must designate one or more person(s) to represent
the Bidder in its dealings with HPCTBSMDA. Unless specifically advised to the contrary,
HPCTBSMDA will assume that the person (s) designated is authorized to perform all
tasks, including, but not limited to, providing information, responding to inquiries and
entering into contractual commitments on behalf of the Company or the Consortium as
the case maybe. Any and all limitations on the authority of the designated person (s)
should be detailed in the Proposal.
Bidders who have used the Net worth and/ or Technical Support/ Expertise of their
parent/ group company to satisfy the minimum eligibility criteria mentioned in the NIT
advertisement, shall be required to furnish along with their Proposals, a Letter of
Guarantee, accompanied by a Board Resolution from their Parent/ Group Companies
authorizing the said bidder to take part in the bidding Process and by pledging their
financial strength and/ or technical support and expertise towards the development of
the Project. Failure to furnish such letter of Guarantee accompanied by a Board
Resolution from the Parent/ Group Company may entail automatic disqualification of
their proposals by HPCTBSMDA.

3.2.8

3.2.9

Each member of the Consortium shall submit a signed letter (on the company's Letter
Head) with the Proposal, which states that, the said member:
(a)

has reviewed the entire Proposal.

(b)

is in accord with each key element of the Proposal, including, but not limited to,
its technical and price components, description of the member's responsibilities
and commitments to the Project, and the designated person(s) who will
represent the Consortium during the negotiation process. Any substantive
exception or caveat should be addressed in the enclosed letter.

(c)

has participated in only one Proposal for this Project.

(d)

each of the Consortium members will be jointly and severally liable to

HPCTBSMDA.

12

3.2.10 All pertinent information that may affect the performance of the responsibilities of any
Consortium member such as ongoing litigation, financial distress, or any other such
matter must be disclosed.
3.3

Fee and Deposits to be paid by the Bidder

3.3.1 Proposal Security

(i)

The bid shall be accompanied by an initial Proposal Security for a value of Rs (20)
Twenty Lacs only at the time of submission of Proposal in any one of the
following manners:
a)

Proposal Security in the form of Bank Guarantee issued by a Scheduled

Bank in favour of The Chief Executive Officer Himachal Pradesh City
Transport & Bus Stands Management & Development Authority and in the
formats (F) valid for one year.

b)

Demand Draft in favour of The Chief Executive Officer Himachal Pradesh

City Transport & Bus Stands Management & Development Authority
payable at Shimla.

(ii)

The Bank Guarantee shall be valid for a minimum period of 180 days from the
Proposal Due date. On request from HPCTBSMDA, the Bidders would be
required to extend the validity of the Proposal Security on the same terms and
conditions.

(iii)

The Proposal Security of the successful Bidder will be returned on receipt of

Performance Security from the successful Bidder.

(iv)

Any Bid submitted without the Proposal Security in the form as specified in the
RFP document shall be summarily rejected.

(v)
The Proposal Security of Bidders whose Proposal is rejected on account of being
Non-Responsive in accordance of Clause 4.8.2 RFP, will be returned/refunded within a
period of 60 days from the date of intimating the rejection of the Proposal by
HPCTBSMDA to the Bidder.
The Proposal Security shall be forfeited by HPCTBSMDA, in the following cases:
a)

If the Bidder withdraws his Bid after Technical Proposal opening and
during the bid validity period.

b)

In case of a successful Bidder, if the Bidder fails within the specified time
limit, to sign the Concession Agreement.

c)

In case of a successful Bidder, if the Bidder fails within the specified time
limit to furnish the required Performance Security or fails to start the
work within stipulated period.

13

d)

In case there are conditions proposed with the Technical and/or

Financial Proposals.

Note:
The Proposal Security of the successful Bidder will be retained till the Performance
Security is provided by him and shall be forfeited if he fails to deposit the requisite
Performance Security within the stipulated time and/ or fails to start work within the
stipulated period.
3.3.2

Performance Security and Project Development Fees mandatory component

The preferred Bidder, for due and faithful performance of its obligations under the
Concession Agreement, shall be required to provide to HPCTBSMDA / within three weeks of
the receipt of Notice of Award the

Performance Security of Rs 0.20 Crore as per Article 5.4 of the Concession

Agreement should be for the mandatory components of the project as per the
data sheet given.

Project Development Fees of an amount Rs. Ten (10) lacs as stipulated in the
agreement The Preferred Bidder is required to submit irrevocable and non
refundable Project Development Fees in the form of Demand Draft in favour of
The Chief Executive Officer Himachal Pradesh City Transport & Bus Stands
Management & Development Authority before the signing of the agreement,
payable at Shimla.

14

3.4

One Bid per Bidder: Each bidder shall submit only one bid for the Project. Violation of
this shall lead to disqualification of the bidder along with the consortium it is the part of.

3.5

Proposal Preparation and Cost: All Bidders are required to submit a detailed
proposal (herein-after referred to as the Proposal or Bid) in accordance with the
guidelines set forth in this RFP. Bidders should provide information sought herein in the
prescribed formats in order to accurately establish and interpret the information
provided. The cost of preparation of Proposal and related expenses shall be borne by
the Bidders themselves.

3.6

Due Diligence, Inspection and Investigation:

Bidders shall be deemed to have
conducted a due diligence exercise with respect to all aspects of the Project, including a
detailed survey of the site and information/ data provided in the RFP Document, when
they submit the Proposal. Bidders may visit and inspect the site at their own expense.
Failure to investigate fully the site or subsurface conditions shall not be a valid ground
to relieve the Bidder subsequently after its Proposal nor shall it relieve the Bidder from
any responsibility for estimating the difficulty or costs of successfully completing the
Project.

3.7

Validity of Proposal

3.7.1

The Proposal shall remain valid for a period not less than one hundred eighty (180)
days from the due date of submission (Offer Validity Period). HPCTBSMDA reserves the
right to reject any Proposal that does not meet this requirement. Validity of Proposal
shall be extended for a specified additional period at the request of HPCTBSMDA.

3.7.2

A bidder agreeing to the request will not be allowed to modify his Proposal, but would
be required to extend the validity of his Proposal Security for the period of extension.

3.7.3

The Proposal Validity Period of the successful bidder shall be extended till the date of
execution of the Concession Agreement.

3.8

Right to Reject Proposals

3.8.1

HPCTBSMDA reserves the right to reject any / all proposals including the highest
proposal or withdraw the invitation of the proposal at any stage without citing any
reason. Nothing contained herein shall confer any right upon a bidder or create any
obligation/ liability upon HPCTBSMDA of any type whatsoever.

3.8.2 Misrepresentation / Fraud / Breach of Terms and Conditions

If it is discovered at any point of time that the bidder has suppressed any fact or given a
false statement or has done misrepresentation or fraud or has violated any of the terms
of this bid, the bid will be cancelled by HPCTBSMDA. In such an event, the bidder will
not be entitled to any compensation whatsoever, or refund of any other amount paid by
him.

15

3.9

Disputes

3.9.1

In order to minimize event of dispute, monthly meeting shall be held between the
Concessioning Authority and Concessionaire during construction phase to review the
progress of the project and resolve all issues and proper minutes of said meeting be drawn
duly signed by both the parties for record, clearly certifying that there is no dispute pending
till the monthly meeting date.

3.9.2

In the event the Dispute or difference or claim, as the case may be, is not resolved, as
evidenced by the signing of the written terms of settlement by the Parties, within 15
(fifteen) days of reference for amicable settlement, the same shall be brought for discussion
and settlement to a Committee comprising of Secretary Transport, Secretary Finance, GM,
HPIDB during the implementation of the projects. After hearing both the parties the
Committee will recommend its decisions for approval by the Board of Directors and this
decision shall be final.

3.9.3

All disputes between the successful bidder and HPCTBSMDA shall be settled as per the
Dispute Resolution procedure elaborated in the Draft Concession Agreement. During
the bidding process no dispute of any type would be entertained. Even in such cases
where HPCTBSMDA asks for additional information from any bidder, the same cannot
be adduced as a reason for citing any dispute.

3.9.4

The courts at Shimla shall have the exclusive jurisdiction to try all the cases arising out
of this agreement/RFP.

4.

TENDERING PROCEDURE AND SCHEDULE

4.1

Eligibility of the Bidders

4.1.1 Eligibility Criteria:

Interested International / National Independent Legal entities including Joint Ventures,
Consortium (not more than three entities) having experience in Infrastructure and
Commercial development projects meeting the following criteria may submit their
proposal:
TECHNICAL CRITERIA:
The bidder should qualify any of following criteria.
A
Experience in Construction/ Development of Passenger Terminals / Parking-cumCommercial Complex/ Shopping Malls/ Hotels/ Resorts/ Group Housing/
Infrastructure projects like highways, flyovers, bridges, express ways, tunnels,
airfields, power, telecom, ropeways, ports , airports, railways, metro rail,

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Industrial parks, estate, logistic parks, pipelines, Irrigation, water supply,

sewerage.
1. One single Project of Rs. Fifteen (15) Crores cost
Or
2. Two Projects of Rs. Ten (10) Crores cost each
Or
3. Three Projects of Rs. Five (5) Crores cost each.

(In the past 5 Years ending on the Proposal Due Date.)

Construction works shall not include supply of goods or equipment except
when such goods or equipment form part of turnkey construction
contract/EPC contract for the project.
Or
B

Successfully Financed, constructed and commissioned at least one interstate

Bus Terminal cum Commercial Complex having build up area of at least
50,000 Sq. Ft on PPP Mode or in joint Venture with any Government
entity/U:B etc. The said interstate bus stand cum commercial complex
should be in successful operation for at least past 5 years.
Or

Should have experience in Finance, construction, Management & successful

operation of core infrastructure projects, parking facilities with commercial
complex/shopping malls/institutions etc. on PPP mode/joint Venture with
any Government entity/ULB etc. And have completed successfully
commissioned at least one-Commercial complex cum multiplex/office Cum
Shopping Complex having buildup area of at least 25000 Sq. Ft.

FINANCIAL CRITERIA:
1. Net worth of minimum Rs Three (3) Crores as on 31st March 2015 as per the Audited
Balance Sheet and average annual turnover should be Rs. Ten (10) Crores during the
last Three years.

In case of Consortium, the Net Worth shall be calculated in the same proportion that is
mentioned in the JV agreement of the Consortium as the consortium members equity
participation. It is hereby made clear that in case of consortium, the net worth of only
those members would be taken into consideration that hold a minimum of 20% equity
participation in the consortium in the same proportion that is mentioned in their JV
agreement of the Consortium.

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Note: In case a bidder is applying for more than one projects advertised by the
Authority for similar projects, they have to submit separate proposals for separate
projects sealed in the manner mentioned above and also needs to ensure that his
cumulative net worth meets the criteria for all the projects .

4.1.2 Eligible Bidders & Preferred Bidders

Bidders fulfilling the Eligibility criteria set out above will be the eligible Bidders
provided the Bidder is not under a declaration of ineligibility for corrupt or fraudulent
practices.
4.1.3 Pre-Bid Conference
4.1.4

Bidders may send their queries to HPCTBSMDA by the date as stipulated in the Proposal
Data Sheet in writing. All the bidders will be sent the clarifications to queries received
till the stipulated date. The queries received after the prescribed date will not be
entertained by HPCTBSMDA.
(i)

The purpose of the Pre-Bid Conference will be to clarify and discuss issues with
respect to the Project, the RFP or any other related issues.

(ii)

The Bidder or his authorized representative is invited to attend a Pre-Bid

Conference, which shall take place at the date and venue as prescribed in the
Proposal Data Sheet

(iii)

It is preferable to attend the Pre-Bid Conference. Subsequent to the date of the

Pre-Bid Conference, HPCTBSMDA may not respond to questions or inquiries
from any Bidder who has not attended the Pre-Bid Conference.

4.2

Amendment of RFP

4.2.1

At any time prior to the Proposal Due Date, HPCTBSMDA may, for any reason, whether
at its own initiative or in response to clarifications requested by a bidder, modify the
RFP through the issuance of Addenda. This will be sent in writing to all the Bidders and
shall be binding upon them.

4.2.2

In order to give the bidders reasonable time in which to take an Addendum into
account, or for any other reason, HPCTBSMDA may, at its discretion, extend the
Proposal Due Date.

4.3

Preparation and submission of Proposal

4.3.1

Completed proposals shall be accepted on or before the Proposal Due Date at the venue
mentioned in the Proposal Data Sheet.

4.3.2

HPCTBSMDA, at its sole discretion, retains the right, but is not obliged, to extend the
Proposal Due Date by issuing an Addendum.

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4.3.3

Bidders shall furnish the information strictly as per the formats (given in Article 5 of
Section 1 of this document without any ambiguity). HPCTBSMDA shall not be held
responsible if the failure of any bidder to provide the information in the prescribed
formats results in lack of clarity in interpretation and consequent disqualification.

4.3.4

In case of a Consortium, wherever required, the Proposal must contain such

information individually for each member of the Consortium.

4.3.5

In case of a Consortium, the members shall submit a Memorandum of Agreement (MOA)

conveying their intent to jointly bid for the project, and in case the project is awarded to
them, to form a SPV that will subsequently carry out all its responsibilities as the
Concessionaire. The MOA shall also include the nomination of the Lead Member in the
Consortium and clearly outline the proposed shareholding and responsibilities of each
member at each stage.

4.3.6

All proposals/bids/offers shall be signed by the duly Authorised Signatory of the

Bidder. In case of a Consortium, the proposal shall be duly signed by the Authorised
Signatory of the Lead Member. Bidders shall submit a supporting Power of Attorney
authorising the Signatory of the Proposal to commit the bidder and agreeing to ratify all
acts, deeds and things lawfully done by the said attorney. In case of a Consortium, such
Power of Attorney shall be signed by all members of the Consortium and shall be legally
binding on all of them.

4.3.7

The Authorised Signatory shall initial the Proposal on each page. He shall also initial all
the alterations, omissions, additions, or any other amendments made to the Proposal.

4.3.8

All witnesses and sureties shall be the persons of status and probity and their full
names and addresses shall be stated below their signature. All signatures in the
Proposal documents shall be dated.

4.3.9 Bidders are required to submit only one Proposal, including the Original RFP issued to
them.
4.3.10 Any firm which submits or participates in more than one Proposal for the said project
shall be disqualified and shall also cause the disqualification of all the Consortia in
which it is a member.
4.4

Language and Currency

4.4.1 The Proposal and all related correspondence and documents shall be written in English
language.
4.4.2

The currency for the purpose of the Proposal shall be Indian National Rupee.

4.5 Bidders Responsibility

4.5.1

It would be deemed that prior to the submission of Proposal, the bidder has made a
complete and careful examination of:

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a. The requirements and other information set forth in this RFP document.
b. The various aspects of the Project including, but not limited to the following:

4.5.2

The Project Site, existing facilities and structures, access roads and public
utilities in the vicinity of the Project Site;

All other matters that might affect the Bidders performance under the terms of
this RFP, including all risks, costs, liabilities and contingencies associated with
the project. it is assumed that the bidders have checked all the rules
/regulation/site availability before submitting the proposal.

Site Visit
a. The bidders prior to submitting their bid for the project, are expected to visit and
examine the project site and the site surroundings at his/her own expenses, the site
being offered on an as is where is basis and ascertain on their own responsibility
information, technical data, traffic data, market study, etc. including actual condition
of existing services which may or may not have to be shifted/removed/replaced etc.
Regional Manager HRTC, Kullu has been appointed as Nodal Officer who will assist
the bidder and provide all the necessary information related to the project.
b. It shall be assumed that all these factors were accounted for by the bidder while
quoting his bid. The bidder shall be deemed to have full knowledge of the site
whether he inspects it or not.

4.5.2

HPCTBSMDA shall not be liable for any mistake or error or neglect by the bidder in
respect of the above. Proposals that are not substantively responsive to the
requirements of this RFP document will be rejected.

4.6

Sealing and Marking of Proposals

4.6.1 The Proposals shall be sealed, marked and submitted as explained below:
a) Envelope No.1 containing the Proposal Security shall be marked as Proposal
Security Deposit. With validity of one year.
b) Envelope No. 2, duly marked as TECHNICAL BID and shall contain the
following :


Letter of Application and Interest (As per Format A)

General Information on the Bidder (As per Format B)

Affidavit (As per Format D)

Power Of Attorney for Signing of Application (as per Format E)

Proposal Security Format ( as per Format F)

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Power of attorney for Lead Member from other Member in case of

Consortium (as per Format G)

Format to establish the Technical Experience of the bidder (as per

Format H)

Format to establish the Financial Experience of the bidder (as per

Format I)

Original RFP Document duly signed (on each page) by an

authorised representative as a token of acceptance.

All required submissions, if the Bidder is applying through

Consortium and as stated in the RFP Document

c)

Envelope No. 3; duly marked as FINANCIAL BID (as per Format C)

d)

All the above envelopes shall be enclosed in an outer cover/ envelope

marked as RFP for Development of Modern Multilevel Car parking -cumCommercial Complex at Akhara Bazar on DBFOT Basis.

e)

The Outer envelope shall be addressed to:

The Chief Executive Officer,

Himachal Pradesh City Transport &Bus Stands
Management & Development Authority,
ISBT, Tuti Kandi, Shimla-4.
The above formats are available in office of The Chief Executive Officer and also
available at www.hrtc.gov.in website.
4.6.2

If the envelope is not sealed and marked, as instructed above, HPCTBSMDA assumes no
responsibility for the misplacement or premature opening of the Proposal submitted. In
that case, the prematurely opened proposals will be rejected.

4.6.3

Any Proposal received by HPCTBSMDA after 1500 hours on the Due Date will be liable
for rejection.

4.6.4

In case a bidder is applying for more than one projects advertised by the Authority for
similar projects, they have to submit separate proposals for separate projects sealed in
the manner mentioned above and also needs to ensure that his cumulative net worth
meets the criteria for all the projects .

4.7

Modification and Withdrawal of Proposals

4.7.1 No Proposal shall be modified or withdrawn by the bidder after the Proposal Due Date.
4.7.2

Withdrawal of a Proposal during the interval between Proposal Due Date and expiration
of the Proposal Validity Period would result in forfeiture of the proposal security.

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4.8

Opening of Bids

4.8.1

The Technical bids received shall be opened by the Committee constituted by CEO,
HPCTBSMDA in the presence of the bidders who choose to be present at the venue and
date as mentioned in the Proposal Data Sheet. The date for opening of Financial Bids
shall be intimated in advance to the technically qualified bidders.

4.8.2 In case of the following non-responsiveness of proposal in terms of Clause 3.3.1(v) HRTC
reserves the right to reject any Proposal and refund/ return the proposal security, if,
1. It is not signed, sealed and marked as stipulated in Article4.6 of Section 1 of the RFP
document.
2. The information and documents have not been submitted as requested and in the
formats specified in the RFP.
3. There are inconsistencies between the Proposal and the supporting documents.
4. It does not mention the validity period as set out in Article 3.7 of Section 1 of the
RFP document.
5. It provides the information with material deviations.
4.8.3 A material deviation or reservation is one:
a) Which affects in any substantial way, the scope, quality, or performance of the
Project, or
b) Which limits in any substantial way, inconsistent with the RFP document,
HPCTBSMDAs rights or the Bidders obligations, or
c) Which would affect unfairly the competitive position of other Bidders presenting
substantially responsive bids.
4.8.4

No request for modification or withdrawal shall be entertained by HPCTBSMDA in

respect of such Proposals.

4.9

Evaluation of Proposals
The evaluation will be done in 2 stages as explained below:

4.9.1

In Stage - I, the Proposal Security in Envelope 1 shall be first checked. Proposals without
the appropriate Proposal Security will be rejected. The submission(s) in Envelope 2
shall be checked. All proposals passing Stage I of the evaluation will be considered
Responsive enough to be considered for the next stages.

4.9.2

In Stage II of evaluation, the Financial Bids in Envelope 3 of only those bidders who
have passed Stage I shall be opened by HPCTBSMDA in presence of the nominees of the
bidders, who choose to attend the same. Bidders shall be ranked H1, H2, H3 etc. in
decreasing order of their financial offers. The selection will be made on the basis of the
highest Annual Concession Fee (H1) or minimum concession period. The bidder quoting

22

the highest Annual Concession Fee or minimum concession period will be invited to
sign the agreement.
4.9.3

Even if only a single bid is received (and technically qualified) or a single bid amongst
several is technically qualified, CEO retains the right to open his financial bid and award
the project, after taking approval of HPCTBSMDA.

4.9.4

HPCTBSMDA would have the right to review the Proposals and seek clarifications
where necessary. The response from the bidder(s) shall only be in writing but no
change in the substance of the Proposal would be permitted. It is clarified that bidders
are free to make suggestions but are not allowed to submit any conditional bid as
specified earlier.

4.9.5

Financial Proposals of bidders who do not qualify the Stage-I of evaluation will not be
opened and will not be returned unopened.

4.9.6

The Proposal (Financial and Technical) should be unconditional.

4.1 Confidentiality
4.10.1 Information relating to the examination, clarification, evaluation and recommendation
for the short-listed bidders shall not be disclosed to any person not officially concerned
with the process. HPCTBSMDA will treat all information submitted as part of all
proposals in confidence and will insist that all who have access to such material treat it
in confidence.
4.11

Acceptance of the Proposal

HPCTBSMDA shall issue Notice of Award (LOA) to the selected bidder for the project.
The Selected Bidder is required to send his acceptance of the NOA within seven (7) days
from the date of its receipt. HPCTBSMDA shall retain the right to withdraw the NOA in
the event of the Selected Bidders failure to accept the NOA within the time limit
specified in the above clause. In this event, HPCTBSMDA shall forfeit the Proposal
Security of the selected bidder.

4.12

Execution of Concession Agreement

4.12.1 The successful bidder is required to sign the Concession Agreement within 30 days of
conveying his acceptance of the LoA to HPCTBSMDA in writing. But prior to signing of the
Agreement, the bidders must satisfy the following conditions:-

4.12.2

The successful bidder has submitted the requisite Construction Performance

Security to HPCTBSMDA.

The Successful Bidder has deposited Project Development fees to

HPCTBSMDA.

Failure to meet the above conditions will result in a breach and HPCTBSMDA shall be
entitled to cancel the award without being liable, in any manner whatsoever, to the bidder

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and to appropriate the proposal security and any other amount deposited till that time as
Damages.
4.12.3

4.13

The cost of stamp duty for execution of Concession Agreement, registration charges and
any other related Legal Documentation charges and other incidental charges will be borne
by the successful bidder.
Bids of other Bidders

4.13.1 HPCTBSMDA shall return, without any interest, the proposal security received from the
bidders who have not qualified in Stage I and II of the evaluation,(except H1, H2 and H3)
within One hundred eighty (180) days of opening of the Technical and Financial bids
respectively.

24

Proposal Data Sheet

Sl

Key Information

Details
Design, Construction, Operation and Management of Multi level Car
Parking cum Commercial Complex at Akhara Bazar on Design-BuildOperate-Transfer (D.B.F.O.T) Basis

Name of the Project

Location of the Project

Akhara Bazar, Distt:- Kullu.

Name of Concessioning
Authority

Name of Contact Person

Chief Executive Officer,

HPCTBSMDA, Shimla.
H.K.Gupta, General Manager HPCTBSMDA Shimla-4
0177-2654987,Fax0177-2653987,Mobile-9418000532
Email: gmbsmda@hrtc.gov.in
Form a Special Purpose Company (SPV) (in case of Consortium) under Companys
Act of India, 2013
Design Build Finance - Operate - Transfer (D.B.F.O.T.) Basis

5
6

Institutional Structure
for Implementation
Concession Format

Proposal Security

Amount of Proposal Security shall be Rs Twenty (20) Lacs Only .The Proposal
Security shall be in the form of Bank Guarantee / Demand Draft in favour of The
Chief Executive Officer Himachal Pradesh Bus Stand Management & Development
Authority (HPCTBSMDA) payable at Shimla.
Selected Bidder is required to submit non-refundable Project Development Fees
of Rs. Ten (10) lacs. in the form of DD in favour of The Chief Executive Officer
Himachal Pradesh Bus Stand Management & Development Authority payable at
Shimla .Amount of Project Development Fees isto be paid within 21 days from the
date of acceptance of NoA.
The bidder quoting the highest Annual Concession Fee shall be the Selected
Bidder.
i.
The Selected Bidder would pay an Annual Concession Fee (in advance)
every year from the Commercial Operation Date of the Bus Terminus Area
till the end of the Concession period.
ii.
Annual Concession Fee shall be escalated @ 10% every three years.
iii.
The first Annual Concession Fee shall be due on the Commercial Operation
Date and accordingly the Concessionaire shall deposit the Annual
Concession Fee on the same date (or the next working day) every year.
Performance Security:- (Rupees 0.20 Crore only). Performance Security is to
be submitted in the form of Bank Guarantee from a scheduled bank in favor of
The Chief Executive Officer Himachal Bus Stand Management & Development
Authority (HPCTBSMDA), payable at Shimla. Performance Security shall be
submitted within 21 days from the date of acceptance of LoA

Project Development
Fees

Bidding Parameter

10

Performance Security

11

Notice of Award

Within 21 days of Financial Proposal opening or any extension by HPCTBSMDA.

12

Signing of Agreement
Concession Period for
Project Facility
Construction Period for
Bus Terminus
&HPCTBSMDA Areas

Within 30 days from the date of acceptance of Notice of Award to HPCTBSMDA.

13
14

15

Mandatory
Components

30 years including construction period, from the LOA.

Bus Terminus &HPCTBSMDA Areas to be constructed within 36 months inclusive
for financial closure

HPCTBSMDA Office Area

Multilevel Parking/Ramp Based parking for cars
Idle Parking and commercial area

25

Sl

Key Information

16

Optional Component

17

Proposal Due Date

18

Pre Bid Conference

Details
Any permissible components as per law other than the Negative list
provided in the Schedule of the concession agreement.

The Proposal Due Date is 25/04/2016 till 1500 hours at the office of Chief
Executive Officer, HPCTBSMDA, Shimla.
The Pre Bid Conference shall be held at the Himachal Bhawan New Delhi Mandi
House at 11 AM on 11/04/2016. The queries be sent to the office of CEO BSMDA
by 06/04/2016

26