News Details

Posted in Announcement | Date: June 12, 2018 16:02
INVITATION TO SUBMIT PARTNERSHIP PROPOSALS FOR LAND DEVELOPMENT IN PORT HARCOURT

                                                                                 

 

NNPC PENSION FUND LIMITED

INVITATION TO SUBMIT PARTNERSHIP PROPOSALS FOR LAND DEVELOPMENT IN PORT HARCOURT

1.0 Introduction

NNPC Pension Fund Ltd (NPFL) is desirous of developing the vacant land portions of land at NNPC Staff Housing Estate, Aleto-Eleme, Port Harcourt, Rivers state on a site and services scheme in phases. The first phase will be the vacant land across the Amuku Okulu River, measuring approximately 84 hectares.

In this regard, interested and competent developers/investors are invited to submit proposals for partnership with NPFL.

The proposals should include details of the following and any other information deemed necessary for evaluation:

a) Conceptual layout plan of proposed development to include site appraisal and Landscape Plan.

b) Preliminary Architectural Drawings.

c) Preliminary Engineering Drawings.

d) Strategic plan on dealing with the host communities.

2.0 Criteria for Evaluation of Proposals

In addition to providing the above information, prospective developers must include the following in their submissions:

Mandatory Requirements

a) Evidence of registration of company or business name with the Corporate Affairs Commission (Certificate of Incorporation for Limited Liability Companies and Registration of Business Names for Enterprise).

b) Articles and Memorandum of Association, Form CAC07 i.e. Particulars of Directors and Form CAC 02 i.e. Particulars of Shareholders.

c) Current Corporate Income Tax Clearance Certificate covering the past three years.

d) Reference letter from reputable Bank stating financial ability to carry out the project.

e) Evidence of compliance with National Pension Commission (PENCOM) Act 2014.

f) Organization Corporate profile.

g) List of key personnel showing registration with relevant Professional bodies, years of experience and any other information considered relevant.

h) Verifiable evidences of proven experience in works of a similar nature executed.

i) Evidence of registration with NPFL

Financial Requirements

You are requested to provide financial viability of the project and hence its capability to perform and deliver on time. The documents to be submitted are:

a) Project feasibility study report.

b) Project financial forecast and cash flow projections.

c) Evidence of source(s) of project finance.

d) Total project cost estimate.

e) Proposed selling prices of each plot and other commercial areas.

f) Marketing strategy.

g) Projected net profit and proposed net profit sharing ratio.

3.0 Submission of Documentation

You are advised to visit the delineated area for the proposed development before submission of your proposal. Kindly contact the Zonal Manager, NNPC Zonal office, at 6, Moscow Road, Port Harcourt, who shall grant you access to the land for your inspection and assessment.

All submissions shall be dropped in the tender box and clearly marked "Aleto-Eleme Estate Partnership" at the top right corner in a sealed envelope addressed to:

The Secretary,

Management Tenders Board,

3rd Floor, NNPC Pension Fund Limited Office

Plot 1534 Ibi close, off Gwandu Street, Garki 2, Abuja.

4.0 Closing Date

The submission should not be later than 12noon on Tuesday July 17, 2018.

5.0 Additional Information

This notice shall not be construed as a commitment on part of NPFL, nor shall it entitle applicants to make any claims whatsoever and/or seek any indemnity from NPFL, nor establish any legal relationship. Only successful Companies will be contacted.

Signed: MANAGEMENT

June 12, 2018