Ref No: H/IUL/2023/163

Date: 06^th July 2023

REQUEST FOR EXPRESSION OF INTEREST CONSTRUCTION OF PROPOSED 14-STOREY BUILDING

Background and Objectives

State Electric Company Limited invites local and foreign companies to express their interest in constructing the proposed 14 Storey Building. The project aims to provide a modern, sustainable, and functional commercial building that meets the needs of State Electric Company Limited (STELCO).

The primary objectives of the project are:

a)      To construct a 14 Storey building according to the concept provided by STELCO, that meets the requirements of the clients, stakeholders, and regulatory authorities.

b)      To ensure that the building is designed and constructed sustainably and environmentally friendly.

c)      To ensure that the building is safe and secure for the occupants.

d)      To complete and handover the project within 02 years.

Location of the plot

Project Scope of work

The scope of work for the 14 Storey building project includes, but is not limited to:

a)      Site Preparation: Demolition, Site clearance, excavation, and de-watering.

b)      Using proper method of foundation protection of adjacent building and roads.

c)      Construction:

-          Construct the building according to the approved plans and specifications, including all necessary structural, mechanical, plumbing, CCTV and networking, electrical and firefighting systems.

-          All utility services costs are to be borne by the contractor.

-          Ensure compliance with all relevant building codes and regulations.

-          Implement appropriate safety measures to ensure the safety of workers and the public.

d)      Quality control and assurance: Monitored by STELCO.

e)      Safety and Site security: should be ensured by the contractor.

f)       Project management: To be provided in detail by the contractor.

g)      Deliverables: Detailed drawings, method of work, work schedule and payment schedule, etc.

h)      Contractors Yard:

Contractors yards and contractors' temporary facilities, plant, and machinery vehicles are to be managed by the contractor. No temporary land will be allocated, and the contractor is to manage the material, equipment, and other storage & handling requirements within the project site or seek other options. All necessary logistics, & safe transportation of materials to the site shall be part of the contractor's scope.

Design and approvals:

Building the detailed design of the proposed 14 Storey Building is the contractors' responsibility. However, concept design and required support to acquire approvals from government authorities will be provided by STELCO.

Type of contract and Agreement:

Design, build, contractors finance and handover.

Time for completion:

02 Years

Funding:

Contractors finance, if the contractor cannot make a successful methodology, the contractor needs to ensure financing either through equity or debt.

Defects notification and liability period:

01 Year

Pre-qualification requirements:

Interested and competent contractors wishing to carry out the above project must submit the following documents with the Expression of Interest under Contractor Finance.

Documents to be submitted:

a)      Evidence of company registration 

b)     Comprehensive company profile (Including the proposed management team and organizational chart).

c)      Letter of similar work experience (Experience can be counted even if one party from a joint venture has the experience)  

d)     Selected parties from the evaluation shall be required to provide proof of funding for the successful execution of the project. 

e)      National Contractors Registry (GC01 and GC02 (grade 1 & 2)) will be eligible to participate in this EOI). Note: Foreign companies are not required to submit National Contractors Registry 

f)       Audited financial statements of 2021, 2020 and 2019  

g)      Proposed method statement for the execution of the project 

Evaluation of Expression of Interest (EOI)

The companies shall submit the following additional documents in their EOI:

1.       Power of Attorney to confirm authorization of the signatory of the EOI to commit.
2.       Business Registration Certificate.
3.       GST Registration Certificate and Tax Clearance Report (If applicable).

                  International foreign companies who are already engaged in any work in Maldives, or have re-registered their entity in the Maldives, or have incorporated a company in Maldives shall be eligible to pay local taxes under tax regulations of the Maldives. For more information please visit: https://www.mira.gov.mv/ 

        4.      National Contractors Registry Certificate (If applicable).

[1] This requirement also applies to contracts executed by the Company as JV member.

1 Financial resources such as Line of Credits specified shall be sought from Financial Institutions. All financing facilities sought for other than this specific project, shall be presented along with a written confirmation of the facility balance by the facility provider. The written confirmation shall not carry a date earlier than 30 days prior to the date of EOI submission.

To assist in the examination, evaluation and comparison of EOIs, STELCO may at its discretion ask the Bidder for clarification of its EOI. The request for clarification and the response shall be in writing via email and no change in substance of the EOI shall be sought, offered or permitted.

STELCO will examine the EOI to determine whether it is complete, whether any computational errors have been made, whether the documents have been properly signed, and whether the EOI is generally in order.

Prior to the detailed evaluation, STELCO will determine the substantial responsiveness of each EOI through preliminary examination of documents submitted. A substantially responsive offer is one which conforms to all the terms and conditions of the EOI. STELCO reserves the right to waive minor deviations, if they do not affect the capability of an applicant to perform the work.

An EOI determined as not substantially responsive will be rejected by STELCO.

This EOI does not entail any commitment on the part of STELCO, either financial or otherwise. STELCO reserves the right to accept or reject any EOI without incurring any obligation to inform the affected applicant(s) of the grounds.

For additional information, clarification or any communication relating to this EOI, bidders may write to

Email: [email protected]

Deadline for clarifications: Monday, 10^th July 2023 before 14:00 hrs 

Submission of Expression of Interest (EOI)

Application for Expression of Interest, accompanied by the above listed documents should be forwarded in sealed enveloped boldly marked at the top left corner;

“Expression of Interest under Contractor Finance for Construction of Proposed 14 Storey Building” and Addressed to;

Head of Procurement Department

Ref No: H/IUL/2023/163

  State Electric Company Limited

Opening Date:

All the submissions will be opened on Monday, 17^th July 2023 at 14:00 PM in STELCO Head Office 2^nd Floor Meeting Room

Important Notices

• This is not an invitation to tender. Complete tendering procedure will be applied to contractors prequalified and found capable of executing the project.
• This Invitation for an EOI does not constitute a solicitation. STELCO reserves the right to change or cancel the requirement at any time during the EOI and/or Selective Tender Process. Thus, submitting a reply to this Invitation for an EOI does not automatically guarantee that the party will be considered for the Selective Tender Process.
• STELCO undertakes to maintain confidentiality and protect information contained in the bidding documents to be used for any other purpose other than for this Bid.
• Bidders may attend a site discussion to ensure an understanding of the opportunity and the requirement of the EOI.
• If applicant does not provide clarifications or documentations requested by the date and time specified, the application shall be evaluated based on the information available at the time of evaluations.
• Only parties who meet the eligibility criteria will be invited for the tendering process