invitation for expression ofinterest (eoi) for for prequalification ... - punjab,...

FOR

PREQUALIFICATION OF FIRMS/COMPANIES/CONSORTIA FOR

DEVELOPMENT AND OPERATIONS OF QUARRIES FOR LIMESTONE/

CONSTRUCTION RAW MATERIAL IN DISTRICT DERA GHAZI KHAN

Punjab Mineral Development Corporation (PUNJMIN) is a public sector mining entity with the mandate for promoting minerals development in Punjab. The on-going mega development projects in Punjab have created massive demand for construction raw material (crushed stone). The Government of Punjab intends to ensure stable and smooth supply of crushed stone to these mega projects through PUNJMIN.

Grant of limestone mining lease to PUNJMIN, near Zinda Pir in district Dera Ghazi Khan is under process and PUNJMIN intends to appoint the Firms/Companies/Consortia to develop and operate the quarries and the crushing plants on Raising & Lifting System. The Firms/Companies/Consortia having previous experience in Quarrying, Drilling, Blasting and Crushing and capability to run such type of Projects, are encouraged to participate in the bidding process.

Details about the location, scope of work, evaluation criteria for prequalification and other relevant information is provided in the Prequalification Document (PQD), which can be downloaded from the website: www.ppra.punjab.gov.pk or can be obtained from the office mentioned below.

The Firms/Companies/Consortia having capability and experience in Quarrying, Drilling, Blasting, Crushing and ability to develop and operate quarries, crushing plants and their maintenance (as per scope of work), are requested to submit applications, complete in all respects on or before 26.09.2017 by 02:00 PM (Pakistan Standard Time) at the address given below.

General Manager (Technical) Punjab Mineral Development Corporation,

2nd

Floor, Alfalah Building, The Mall, Lahore, Pakistan Ph # +92-42-99205195 Email: [email protected]

INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR PREQUALIFICATION OF FIRMS/COMPANIES/CONSORTIA FOR DEVELOPMENT AND OPERATIONS OF QUARRIES FOR LIMESTONE/ CONSTRUCTION RAW MATERIAL IN DISTRICT DERA GHAZI KHAN

http://www.ppra.punjab.gov.pk/

mailto:[email protected]

PRE-QUALIFICATION DOCUMENT (PQD)

INSTRUCTIONS TO PROSPECTIVE APPLICANTS

FOR PREQULIFICATION OF FIRMS/COMPANIES/CONSORTIA/JVs

FOR THE PROJECT “DEVELOPMENT AND OPERATIONS OF QUARRY(IES) AND

CRUSHING OF LIMESTONE/CONSTRUCTION RAW MATERIAL ON RAISING &

LIFTING SYSTEM AT ZINDA PIR AREA, DISTRICT DERA GHAZI KHAN”

PUNJAB MINERAL DEVELOPMENT CORPORATION

GENERAL MANAGER (TECHNICAL), PUNJAB MINERAL DEVELOPMENT CORPORATION

2ND

FLOOR, ALFALAH BUILDING, SHAHRAH-E-QUAID-E-AZAM (THE MALL), LAHORE, PUNJAB, PAKISTAN PH: +92-042-99205195 Email: [email protected]

mailto:[email protected]

Disclaimer

This Prequalification Document ("PQD") has been prepared by Punjab Mineral Development Corporation ("PUNJMIN" or the "Client") and it constitutes no commitment on the part of PUNJMIN to enter into any arrangements with any person / entity. PUNJMIN reserves the right to withdraw from or cancel the process or any part thereof or to vary any of its terms at any time without giving any reason whatsoever. No financial or other obligation whatsoever shall accrue to PUNJMIN in such an event. The information contained in this PQD or subsequently provided to Applicants, whether verbally or in documentary or any other form by or on behalf of PUNJMIN or any of its authorized employees or advisors, is provided to them on the terms and conditions set out in this PQD and such other terms and conditions subject to which such information is provided.

This PQD does not constitute an agreement; its sole purpose is to provide interested parties with information that may be useful to them in submitting their Expressions of Interest ("EOIs") pursuant to issuance of this PQD. Any document and information submitted in response to this PQD becomes the property of PUNJMIN and PUNJMIN does not accept any responsibility for maintaining the confidentiality of the material including any trade secrets or proprietary data submitted to PUNJMIN.

PUNJMIN shall not be responsible for non-receipt of correspondence sent by post/courier/email/fax. No decision should be based solely on the basis of the information provided in this PQD. PUNJMIN has no liability for any statements, opinions or information provided in this PQD.

In submitting an EOI in response to this PQD, each Applicant certifies that it understands, accepts and agrees to the disclaimers set forth above. Nothing contained in any other provision of this PQD nor any statements made orally or in writing by any person or party shall have the effect of negating or suspending any of the disclaimers set forth in this disclaimer.

TABLE OF CONTENTS

DEFINITIONS AND INTERPRETATIONS ............................................................................................. 4

SUBMISSION LETTER ............................................................................................................................... 6

SECTION - A: INFORMATION TO APPLICANTS ................................................................................ 8

SECTION - B: TERMS OF REFERENCE ............................................................................................ 13

SECTION - C: INSTRUCTIONS TO APPLICANTS ........................................................................... 16

SECTION - D: SUBMISSION AND EVALUATION OF EOIs .......................................................... 19

SECTION - E: FORMATS ........................................................................................................................ 27

SECTION - F: ANNEXURES ................................................................................................................... 34

ANNEXURE – 1 POWER OF ATTORNEY FROM APPLICANT IN FAVOUR OF AUTHORIZED

SIGNATORY ................................................................................................................................................ .35

ANNEXURE – 2 POWER OF ATTORNEY BY APPLICANT MEMBERS IN FAVOUR OF LEAD

APPLICANT MEMBER ............................................................................................................................. 36

ANNEXURE – 3 AFFIDAVIT …. ............................................................................................................. 37

ANNEXURE – 4 PARENT COMPANY LETTER OF COMFORT ................................................... 38

4

DEFINITIONS AND INTERPRETATIONS

In this PQD, unless the context otherwise requires, the following terms shall have the meanings set forth below: 1. Definitions 1.1. “Applicable Laws” means all laws and orders promulgated or brought into force and

effect by a Government Authority, including regulations and rules made there under, and judgments, decrees, injunctions, writs and orders of any court of law, as may be in force and effect during the subsistence of the Project Agreement.

1.2. "Applicant" means a Firm, Company, Consortium/JV, participating in the Prequalification Process for the Project. The term Applicant has been interchangeably used with the term "Firm / Company / Consortium/JV" in this PQD.

1.3. “Client” or "PUNJMIN" means Punjab Mineral Development Corporation. 1.4. "Consortium/JV" means a group of entities submitting a joint EOI for participating in

the Prequalification Process for the Project. 1.5. “Contractor(s)” means the selected bidder(s) with whom the Project Agreement(s)

shall be signed to undertake the Project. 1.6. "EOI" means an Expression of Interest submitted by an Applicant, in accordance with

the guidelines provided in the PQD, for participating in the Prequalification Process for the Project.

1.7. "EOI Submission Date" is defined in paragraph 1.3 of Section - D of this PQD. 1.8. "Firm, Company, Consortium/JV" means an entity participating in the Prequalification

Process for the Project. 1.9. “Government” means the Federal Government of Pakistan, the Government of

Punjab, and the relevant local, provincial & Federal Government authorities and public sector corporations therein.

1.10. “Government Agency” means a department, attached department, body corporate, autonomous body of the Government, local government or any organization or corporation owned or controlled by the Government;

1.11. “Government Authority(ies)” means any person or entity exercising executive, legislative, regulatory, administrative or judicial functions of any Government.

1.12. “PPRA Rules” means the Punjab Procurement Rules, 2014, as may be amended from time to time.

1.13. "Project" means “DEVELOPMENT & OPERATIONS OF QUARRY(IES) AND CRUSHING OF LIMESTONE/CONSTRUCTION RAW MATERIAL ON RAISING & LIFTING SYSTEM AT ZINDA PIR, DISTRICT DERA GHAZI KHAN”.

1.14. “Project Agreement” means the legally binding written agreement to be signed between the Client and the Contractor(s).

1.15. “Raising & Lifting System” means a system in which a Contractor is appointed

through competitive bidding process, for development of quarry(ies) in a particular

area/block and installation of crushing plant(s), at its own cost and risk. After completion

of the development, excavates the mineral / limestone / construction raw material from

the quarry(ies) and conducts crushing of the same, at its own cost and risk. The

crushed mineral/limestone / construction raw material in this system is lifted by the

Contractor for per ton sale price of mineral / limestone / construction raw material

(inclusive of all sizes, grades and qualities of excavated and crushed raw material)

under the Project Agreement to be signed between the Contractor and PUNJMIN which

will include relevant royalty, cess duty and agency charges. The quantum of activities of

quarrying & crushing will be verified by third party, to the settlement of commercial

relationship between the Contractor and the PUNJMIN. The Contractor will perform all

the activities of value chain including quarrying and crushing and at the end of the value

chain (after product comes out of crusher and loaded on truck), the sale purchase

5

settlement will be done between the Contractor and PUNJMIN, involving third party

validation.

1.16. “Terms of Reference” (TOR) means the document included in this PQD as Section - B

which explains the Scope of Work of the Contractor(s), including activities and tasks to

be performed by the Contractor(s).

2. Interpretations

In this PQD, unless the context otherwise requires: 2.1 any reference to a statutory provision shall include such provision as is from time to

time modified or re-enacted or consolidated so far as such modification or re-enactment

or consolidation applies or is capable of applying to any transactions entered into

hereunder; 2.2 the words importing singular shall include plural and vice versa, and words denoting

natural persons shall include partnerships, firms, companies, consortium, corporations, joint ventures, trusts, associations, organizations or other entities (whether or not having a separate legal entity);

2.3 the headings are for convenience of reference only and shall not be used in, and shall

not affect, the construction or interpretation of this PQD; 2.4 the words "include" and "including" are to be construed without limitation; 2.5 any reference to any period of time shall mean a reference to that according to Pakistan

Standard Time; 2.6 any reference to day shall mean a reference to a calendar day; 2.7 any reference to month shall mean a reference to a calendar month; 2.8 any reference to GoPb shall mean Government of the Punjab; 2.9 the Annexure to this PQD or any Addenda issued later on to clarify matters, if any, form

an integral part of this PQD and will be in full force and effect as though they were expressly set out in the body of this PQD;

2.10 unless otherwise stated, any reference to any period commencing "from" a specified

day or date and "till" or "until" a specified day or date shall include both such days or

dates; 2.11 any reference to "Prequalification Process" shall mean the entire process commencing

from the invitation of EOIs until prequalification of Applicants; 2.12 any reference to "Bidding Process" shall mean the entire process for selection of

Contractor(s) commencing from issuance of Request for Proposals (RFP) to prequalified Applicants until signing of Project Agreements;

2.13 any reference to "Contractor(s)" shall mean the selected bidders(s) with whom Project

Agreement will be signed; 2.14 Net Worth means the value of total assets less total liabilities of the entity concerned at

the end of a financial year. 2.15 Gross Annual Revenues / Turnover / Sales means the value of gross revenues /

turnover / sales of the entity concerned for a given financial year as mentioned in its financial statement for that year.

6

SUBMISSION LETTER

(This letter shall be submitted by the Applicant or Lead Member, in case of a Consortium/JV, on its letter head)

Date: Month, Day, Year

General Manager (Technical),

Punjab Mineral Development Corporation,

2nd

Floor, Alfalah Building, Shahrah-e-Quaid-e-Azam (The Mall), Lahore.

Dear Sir,

SUBJECT: PREQUALIFICATION OF APPLICANT FOR THE PROJECT “DEVELOPMENT AND OPERATIONS OF QUARRY (IES) AND CRUSHING OF LIMESTONE/ CONSTRUCTION RAW MATERIAL ON RAISING & LIFTING SYSTEM AT ZINDA PIR AREA, DISTRICT DERA GHAZI KHAN”

The undersigned, being duly authorized to represent and act on behalf of (Applicant), applying to be prequalified for the Project cited above, is pleased to enclose one (1) original (together with two printed copies and one electronic copy) of our EOI in accordance with the terms set forth in the PQD and declare the following: a. We have examined and have no reservations to the PQD issued; b. We agree to comply with all the tender rules, laws and regulations governing the tender

as issued by Client from time to time; c. We accept the exclusive application of the federal laws of Pakistan and provincial laws

of Punjab with respect to procedures laid down in the PQD; d. We accept the right of the Client to

i. request additional information reasonably required to assess the EOI, ii. amend the procedures and rules or make clarifications thereof, and iii. extend or amend the schedule of the Prequalification Process and the Bidding

Process; e. We understand that you may cancel the Prequalification Process at any time and that

you are not bound either to accept any Application that you may receive or to invite the prequalified Applicants for the subject Project;

f. Prequalified Applicants will be subjected to verification of all information submitted for

prequalification at any time during the Prequalification Process; g. [Name of Applicant] hereby represents and warrants that as of the date of this letter:

i. All the information submitted is accurate in all respects; ii. (Applicant) has not been subject to any voluntary or involuntary bankruptcy or

insolvency or similar proceeding during the last five (5) years; and iii. (Applicant) has paid all taxes due, except those which are being contested in good

faith by appropriate proceedings and for which adequate reserves have been established.

Capitalized terms used which have not been defined herein shall bear the meaning ascribed to them in the PQD. PUNJMIN and its authorized representatives may contact the following person(s) for further information, if needed:

7

Name:

Phone #: Cell #: Email:

The undersigned declares that the information provided and the statements made in this EOI are complete, true and correct in every detail. Signature of Authorized Signatory:

_____________________________

Name and Title of Signatory:

_____________________________

Name of Firm/Company/Consortium/JV:

_____________________________

Address:

_____________________________

8

SECTION - A: INFORMATION TO APPLICANTS

9

1. PROJECT DEVELOPMENT PROCESS AT A GLANCE

The sequence of activities to be performed during the Prequalification Process and Bidding Process is provided below for comprehension of the way forward leading to award of contract for the Project:

Prequalification Process

(i) Invitation of EOIs including issuance of Prequalification Document (PQD); (ii) Pre-Submission meeting with prospective Applicants; (iii) Submission of EOIs; (iv) Opening and evaluation of EOIs; (v) Prequalification of Applicants.

Bidding Process

(i) Issuance of Request for Proposal (RFP) to the prequalified Applicants; (ii) Pre-bid meeting; (iii) Submission of proposals including Bid Bond; Opening and evaluation of technical

proposals; (iv) Opening of financial proposals (of the Firms / Companies / Consortium with technically

responsive proposals); (v) Notice of award to successful bidder(s) through issuance of letter of acceptance;

Placement of Performance Security and release of Bid Bond; and (vi) Signing of Project Agreements.

2. PROPOSED SCHEDULE

PUNJMIN shall endeavor to adhere to the following schedule during the Prequalification Process:

Event Description Date

Prequalification Process

Issuance of Prequalification Document (PQD) September 09, 2017

Pre-submission meeting with prospective Applicants September 21, 2017

(Venue: Clients Office at 11:00 AM)

Submission of EOIs September 26, 2017

Evaluation of EOIs October 06, 2017

Prequalification of Applicants October 09, 2017

Bidding Process

Issuance of Request for Proposal (RFP) to the October 20, 2017

Prequalified Applicants

Pre-bid Meeting October 24, 2017

Submission of Proposals including Bid Bond October 31, 2017

Opening of Technical Proposals October 31, 2017

Evaluation of Technical Proposals November 07, 2017

10

Opening of Financial Proposals November 14, 2017

Notice(s) of Award through Issuance of Letter (s) of November 21, 2017

Acceptance

Signing of Project Agreements December 01, 2017

11

3. INTRODUCTION AND BACKGROUND OF THE PROJECT

PURPOSE

The purpose of this Prequalification Document (PQD) is to invite Expressions of Interest (EOIs) from the prospective Applicants for their prequalification. The prequalified Applicants will be invited to participate in the Bidding Process for award of contract for the Project. Information regarding the Project is set forth below: BRIEF INTRODUCTION 3.1. Mineral Potential in Punjab

Punjab is the largest province of Pakistan with 53% contribution in national GDP whereas Punjab’s Gross Regional Product is approximately USD 132.95 billion (PKR 13,532 billion). The Minerals of Punjab provide the resource base of its Industrial Sector. There are 35 Minerals under Excavation Including coal, iron ore, limestone, gypsum, rock salt etc. by 2300 Entrepreneurs. The Government of Punjab has issued 56 Industrial Leases to large Corporations/Multinationals for industrial production of cement, soda ash, caustic soda, fertilizer, glass and ceramics etc. Moreover, Punjab has the World’s largest rock salt deposits in Salt Range.

3.2. The Client: Punjab Mineral Development Corporation (PUNJMIN)

The Client (PUNJMIN) is an autonomous body working under Mines & Minerals Department, Government of the Punjab, Pakistan, which was established under the Punjab Mineral Development Corporation Act No. XXXIII of 1975 and it has the mandate for minerals development in the province of Punjab. It has been actively involved in exploration, development, exploitation and sale of various minerals in Punjab since its inception in 1975.

PUNJMIN possesses various mining leases of different minerals in the province of Punjab, where it has developed quarries & underground mines and carrying out productions successfully since more than three decades and meeting the raw material requirement of the different industrial units of the country.

3.3. Background of the Project

The construction & installation of ongoing/new mega development initiatives/projects in the region including various Power Plants and Motorways etc., has created a massive demand of crushed stone/ construction raw material. The Government of Punjab intends to ensure stable supply of crushed stone/construction raw material for Government driven mega projects in Punjab through PUNJMIN. Grant of limestone mining lease to PUNJMIN, near Zinda Pir in district Dera Ghazi Khan is under process and PUNJMIN intends to appoint Firms/Companies/Consortia to develop and operate the quarries and the crushing plants on Raising & Lifting System at its/their own cost and risk, to meet the crushed stone/construction raw material requirements of ongoing/new mega development initiatives/projects in the region.

3.4. Location / logistics information of the Project areas

(i) Zinda Pir area is located in District Dera Ghazi Khan and can be connected with rest of the Punjab province through Indus Highway, after constructing a katcha road of about 1-2 kilometers,;

(ii) Quarrying of limestone is already being carried out by DG Cement at a nearby area, whereas gypsum mining is also being conducted by various private lease owners in the vicinity;

12

(iii) Skilled / semi-skilled manpower and labor can be available in the areas, as gypsum and limestone mining is already being carried out in the vicinity.

3.5. Justification for the Project

The following justify the Project to be undertaken: -

(i) There is a massive demand in for crushed stone/construction raw material, especially for ongoing/new mega development initiatives/projects in the region including various Power Plants and Motorways etc.;

(ii) The Project will produce a price control mechanism for crushed stone/construction raw material, in the crush market;

(iii) The project will help out in meeting the crushed stone/construction raw material requirements of ongoing/new mega development initiatives/projects and will facilitate the contractors of these projects with ensured supplies.

3.6. Objective for Selection of Firm(s)/Company(ies)/Consortium/Consortia/JVs to undertake the Project

PUNJMIN intends to engage the Firms/Companies/Consortia to develop and operate the

quarries and the crushing plants on Raising & Lifting System to meet the crushed

stone/construction raw material requirements of ongoing/new mega development

initiatives/projects in the region through a competitive bidding process.

The Firm(s)/Company(ies)/Consortium/Consortia/JVs should have the capability and

sufficient experience of quarry/mine development and/or quarry/mine operation along

with stone crushing ability to undertake the Project till the completion of its/their

respective project(s), in accordance with the Project Agreement to be signed between

PUNJMIN and the selected bidder(s).

The firm/consortia/individual shall ensure that its operational & production capacity of

crush stone matches with its demand of crush stone for intended ongoing/new mega

development initiatives/projects in the region such that a minimum, periodic, pre-

determined & guaranteed revenue from firm/consortia/individual is locked in with

PUNJMIN.

3.7. Pre-submission Meeting

PUNJMIN intends to hold a pre-submission meeting with the prospective Applicants to

analyze any changes in Scope of Work that they would like to propose. The meeting will

be convened at the Client’s office [2nd Floor, Alfalah Building, Shahrah-e-Quaid-e-Azam

(The Mall), Lahore] at 11:00 AM (Pakistan Standard Time) on September 21st, 2017.

The prospective Applicants are encouraged to send their queries/observation (in writing)

on this Prequalification Document (PQD) to the Client latest by September 20th, 2017.

13

SECTION - B: TERMS OF REFERENCE

14

1. SCOPE OF WORK OF THE PROJECT

The Scope of Work of the Project to be executed by the Contractor(s) includes, but is not limited, to the extent summarized below: i. Manage registrations, approvals, authorizations and permissions from Government

Agencies as required under applicable laws; ii. Prepare & provide to the Client for its concurrence the development and operations

plans of the quarry(ies) in the allotted area/block(s), installation and operations of

crushing plant(s), construction of access road(s) & other infrastructure, building etc.

along with security and Health, Safety & Environmental (HSE) plan based on best

practices;

iii. The quarry(ies) should be developed in such a way that the excavation/production of limestone/construction raw material is initiated from the top and gradually reaches the bottom, with proper development of benches for safe excavation of limestone deposit, unless otherwise approved by PUNJMIN;

iv. Construct essential roads & other infrastructure, buildings etc. required for the quarry(ies) operation(s) and carry out all maintenance work at its own risk & cost;

v. Initiate & conduct the development of the quarry(ies) by deploying appropriate machinery & equipment at its own risk & cost as per approved development/working plan, in compliance with all applicable laws including but not limited to HSE Standards and Mines Act, 1923 and Rules and Regulations made thereunder;

vi. Arrange and install the stone crushing plant(s) at or near quarry(ies) site(s) preferably within three (03) months from the date of commencement of the Project at its own risk and cost for crushing of excavated limestone/construction raw material;

vii. Get the weighment of each truck/dumper/vehicle loaded with limestone/construction raw material excavated during development and operations of quarry(ies) at the weighbridge(s) installed by the Client & obtain weigh slip for the record, before unloading of the same at the crushing plant(s) of the Contractor(s). Also get the weighment & weigh slip of each truck/dumper/vehicle loaded with crushed limestone before leaving the crushing plant(s) premises;

viii. Arrange technical & supervisory staff for the development & operation of the quarry(ies)

for the excavation/production of limestone/construction raw material and for the

operation of crushing plant(s) for the crushing of the limestone/construction raw material,

at own risk

& cost; ix. Arrange electricity and other utilities for the quarry(ies) development & operations and to

operate crushing plant(s) & other machinery and for other uses for illumination at quarry(ies), crushing plant(s) and office, residences etc., at own risk and cost;

x. Complete development of quarry(ies) and installation of crushing plant(s) preferably within three (03) months from the date of commencement of the Project and intimate the Client or its Project Manager or PUNJMIN’s authorized representative;

xi. Conduct excavation/production of limestone/construction raw material from the quarry(ies), transport all the excavated/produced material, i.e., limestone/construction raw material of all sizes to the crushing plant(s), so that no excavated/produced material is left at the quarry(ies), and carry out crushing of the same at own risk & cost;

xii. Pay salaries & other benefits to employees and provide all kind of treatment for illness or injuries to all employees, as and when required;

xiii. Load, weigh & lift all the crushed limestone/construction raw material of all sizes as per agreed sale price and terms & conditions under the Project Agreement(s) to be signed between the Contractor(s) and the Client;

xiv. The quantum of activities of quarrying, crushing, lifting, utilization of crushed limestone

for ongoing/new mega development initiatives/projects in the region will be verified by

the third party, to settlement of commercial relationship between the Contractor(s) and

the PUNJMIN. The Contractor(s) will perform all the activities of value chain including

15

quarrying and crushing and at the end of the value chain (after product comes out of

crusher, loaded on truck and delivery/unload at relevant Project site/final destination), the

sale purchase settlement will be done between the Contractor(s) and PUNJMIN,

involving third party validation. The third party will be engaged by PUNJMIN and its cost

will be equally shared by PUNJMIN and Contractor(s). xv. Furnish daily, weekly, fortnightly and monthly progress/production/crushing and

reconciliation reports to the Client or its authorized representative on agreed formats, during the course of development of the quarry(ies), installation of crushing plant(s) and the limestone/ construction raw material’s production & crushing phases;

xvi. The firm/consortia/individual shall ensure that its operational & production capacity of crush stone matches with its demand of crush stone for ongoing/new mega development initiatives/projects in the region such that a minimum, periodic, pre-determined & guaranteed revenue from firm/consortia/individual is locked in with PUNJMIN.

xvii. Observe operational safety for quarrying by adhering to the best site safety practices for working with explosives, managing ground instability, loading & unloading of excavated limestone and managing traffic;

xviii. Observe operational safety for equipment, people, and dealing with emergencies; xix. Observe best quarrying/crushing and HSE practices during the course of all Project

activities and adhere to all the applicable laws, rules and regulations; xx. Arrange security for Project staff and quarry(ies), crushing plant(s), and other Project

related sites at its own risk and cost. Conduct routine liaison and coordination with the security agency, conduct incident management, in coordination with security agency, the Client and the SPU/CTD, and carry out routine reporting on daily, weekly and monthly basis;

xxi. Handover quarrying site(s) in operational condition to PUNJMIN at the end of the Project Period;

xxii. The Contractor(s) shall be responsible for all aspects of the Project including but not limited to quarry (ies) development and operations along with installation and operations of crushing plant(s) etc. at its own risk and cost.

2. REQUISITE QUALIFICATION AND EXPERIENCE OF THE APPLICANT

The Applicant will furnish to the Client, the detail of its profile, strengths, experience as well as relevant experience of its supervisory staff of mine/quarry development and/or mine/quarry operation and/or crushing plant operation for evaluation, as per the formats provided in this Prequalification Document.

16

SECTION - C: INSTRUCTIONS TO APPLICANTS

17

1. INSTRUCTIONS TO APPLICANTS

1.1. Language of EOI

The EOI and any related information will be written in English language for the ease of comprehension and comparability. Additionally, any original or pre-printed information (e.g. brochures) furnished by the Applicant may be written in its native language, provided that it is accompanied by a certified translation of its pertinent passages in English.

1.2. Costs

The Applicant shall bear all the costs and expenses associated with the preparation and submission of its EOI, including, without limitation, all costs and expenses related to Applicant's preparation of responses to questions or requests for clarification issued by the Client.

1.3. Evaluation Requirements

If the Applicant is a Consortium/JV, it shall clearly indicate, in its EOI, which Consortium/JV member(s) is/are to be evaluated for each such criteria. In case, it does not specify the same, the Lead Member of the Applicant will be considered for evaluation.

1.4. Applicant Lead Members

An Applicant may be a single entity or may take the form of a Consortium/JV comprising of companies, firms, corporate bodies or other legal entities.

Each Consortium Applicant shall appoint and authorize one (1) lead member ("Lead Member"), through submission of duly executed Power of Attorney in the form set forth in Annexure-2 of Section - F of this PQD, to represent and irrevocably bind all members of the Applicant in all matters connected with the Prequalification Process, including but not limited to the submission of the EOI on behalf of the Applicant.

1.5. Consortium/JV Participation Restrictions

No Applicant may prequalify if it owns more than five per cent (5%) of the shares (directly or indirectly, in terms of voting rights and/or rights to dividends) of another Applicant.

No Applicant may prequalify if it has any representative on the Board of Directors of another Applicant.

No Firm or Applicant member may prequalify if any of the Client’s advisors or external consultants, holds any shares or has any representatives in the Board of Directors of the Applicant.

Notwithstanding the foregoing, an Applicant may prequalify if it can present evidence reasonably satisfactory to the Client that, arrangements have been established such that any such cross shareholdings do not materially affect the independent decisions of the Applicant in which such cross shareholding exists.

1.6. Ineligibility of an Applicant

If an Applicant has been barred by any Central, State or local government or government instrumentality in Pakistan or in any other jurisdiction to which the Applicant belongs or in which the Applicant conducts its business, from participating in any project, and the bar subsists as on the EOI Submission Deadline, such entity shall not be eligible to submit an EOI.

1.7. Prequalification Criteria

Each Applicant's general and particular profile, strengths, experience, personnel, machinery & equipment, and financial position, as demonstrated by the Applicant's responses in the prescribed forms will be evaluated as per prequalification criteria given in this PQD. The Client reserves the right to waive minor deviations, if these do not materially affect the capability of an Applicant to perform the contract.

18

1.8. Partnering between Prequalified Applicants

Any prequalified Applicant shall be precluded from partnering (directly or indirectly) with another prequalified Applicant without the express written approval of the Client, who shall be free to accept or refuse at its discretion, and in all cases taking into account the likely effects of the proposed partnering on the competitiveness of the Bidding Process.

1.9. Partnering between Prequalified Applicant and Non-Prequalified Applicant

Non-prequalified Applicant shall not be entitled to partner with a prequalified Applicant.

19

SECTION - D: SUBMISSION AND EVALUATION OF EOIs

20

1. SUBMISSION OF EOI

1.1. Format and Signing of the EOI

The EOI shall be submitted in triplicate (one original and two copies) and one electronic copy (on DVD or USB drive) placed in a sealed envelope clearly marked EOI – for the Project “DEVELOPMENT AND OPERATIONS OF QUARRY(IES) AND CRUSHING OF LIMESTONE/CONSTRUCTION RAW MATERIAL ON RAISING & LIFTING SYSTEM AT ZINDA PIR AREA, DISTRICT DERA GHAZI KHAN”.

The EOI shall be signed by a duly authorized representative of the Applicant. The EOIs shall include a Power of Attorney (Annexure - 1 of Section - F of this PQD) authorizing such representative to sign and submit the EOIs to PUNJMIN on behalf of the Applicant. Authorized representative of Applicants shall make initials on each page of EOI.

The Applicant may modify, substitute or withdraw its EOI after submission, provided that written notice of the modification, substitution or withdrawal is received by PUNJMIN prior to the EOI Submission Date. No EOI shall be modified, substituted or withdrawn by the Applicant on or after the EOI Submission Date. The modification, substitution or withdrawal notice shall be prepared, sealed, marked, and delivered with the envelopes being additionally marked “MODIFICATION”, “SUBSTITUTION” or “WITHDRAWAL”, as appropriate. Any alteration/modification in the EOI or additional information supplied subsequent to the EOI Submission Date shall be disregarded.

1.2. Sealing and Marking of EOI

The Applicant shall seal the original EOI and each copy in separate envelopes and shall mark the envelopes as "Original" and "Copies" (all duly marked as required herein). The envelopes shall be sealed in an outer envelope. The inner and outer envelopes shall be addressed to the Client (PUNJMIN) at the following address:

General Manager (Technical),

Punjab Mineral Development Corporation,

2

nd Floor, Alfalah Building, Shahrah-e-Quaid-e-Azam (The Mall), Lahore.

PH: +92-042-99205195

The inner and outer envelopes shall each bear the words: EOI – for the Project “DEVELOPMENT AND OPERATIONS OF QUARRY (IES) AND CRUSHING OF LIMESTONE/CONSTRUCTION RAW MATERIAL ON RAISING & LIFTING SYSTEM AT ZINDA PIR AREA, DISTRICT DERA GHAZI KHAN”.

The outer envelope shall indicate the name and address of the Applicant to enable the relevant EOI to be returned unopened in the event that it is declared "late".

If the outer envelope is not sealed and marked as required, the Client will assume no responsibility for any misplacement or premature opening of the EOI.

1.3. Deadline for Submission of EOIs

EOIs shall be submitted to the Client at the address specified above no later than 14:00

hrs. PAKISTAN TIME, September 26th

, 2017 (the "EOI Submission Date").

Any EOI submitted after the EOI Submission Date shall be rejected and shall be returned unopened to the Applicant.

PUNJMIN may, at its discretion, extend the EOI Submission Date by amending this PQD, and in such case, all rights and obligations of PUNJMIN and the Applicants subject to the previous deadline shall thereafter be subject to the deadline as extended.

1.4. Addendum

At any time prior to the Submission Date of EOIs, the Client may amend this PQD by issuing

addenda. Any addendum issued shall be part of this PQD and shall be communicated

21

through email or other suitable means as decided by PUNJMIN to all who have requested to obtain this PQD in pursuance to the advertisement inviting EOIs.

2. EVALUATION OF EOI

2.1. Preliminary Examination of EOIs

The Client will carry out a preliminary examination of each EOI to determine whether it is complete, whether the documents have been properly signed, and whether it is generally in order.

Where the Client deems it convenient or necessary, it may request supplementary information or documentation from an Applicant for determining its eligibility for prequalification. Whenever such request is made, the Applicant shall provide the same to the Client by such date as may be specified by the Client.

Any EOI found to be non-responsive may be rejected by the Client and not included for further consideration.

2.2. Evaluation of EOIs

The Client will carry out a detailed evaluation of the EOIs that have not been rejected after the preliminary examination. Subsequently, the Client will examine the information provided by the Applicant in the EOI for its prequalification to be done in accordance with prequalification criteria specified in the following pages.

Applicant whose EOI is determined by the Client to be substantively responsive thereby meeting the prequalification criteria specified shall be invited to participate in the next stages of the Bidding Process.

Applicant whose EOI is determined by the Client to be substantively non-responsive thereby not meeting the prequalification criteria specified shall be disqualified from participating in the Bidding Process.

Verification of the information provided by the Applicant in the EOI submitted for prequalification may be made in such manner as the Client may decide.

2.3. Test of Responsiveness

Prior to detailed evaluation of EOIs, PUNJMIN shall determine whether each EOI is

responsive to the requirements of this PQD. An EOI shall be considered responsive only if:

i. It is duly signed and each page is initialed on behalf of the Applicant by the duly authorized representative;

ii. The Firms/Companies/Consortia have capability and experience in Quarrying, Drilling, Blasting, Crushing or a relevant integrated Project and has strong ability to develop and operate the quarries and the crushing plants and their maintenance.

iii. It is prepared and received as per the formats and Annexure given in Section – E and Section – F of this PQD;

iv. It is received by the EOI Submission Date including any extension thereof, if any; v. It is sealed and bound together in hard cover and marked as stipulated in the above

clauses; vi. It is accompanied by completed Form – 4 of Section – E of this PQD along with

supporting documents; vii. It is accompanied by the Power(s) of Attorney in accordance with Annexure – 1 and

Annexure - 2 of Section – F of this PQD; viii. It is accompanied by the Affidavit in accordance with Annexure – 3 of Section - F of this

Prequalification Document (PQD); ix. It is accompanied by Parent Company Letter of Comfort (if applicable) in accordance

with Annexure – 4 of Section - F of this PQD; and x. It does not contain any condition i.e. it is unconditional.

22

PUNJMIN reserves the right to reject any EOI which is non-responsive and no request for alteration, modification, substitution or withdrawal shall be entertained in respect thereof.

2.4. Grievance Committee

The Client will nominate a grievance committee to address any application from an applicant of dissatisfaction on evaluation process of EOI. The application must be filed within 10 days of announcement of prequalified applicants and will be handled in accordance with PPRA rules.

2.5. Invitation for Request for Proposal (RFP)

At the end of evaluation activity, the Client will issue RFP to the prequalified Applicants for participating in the next stages of the Bidding Process. Moreover, if the prequalified Applicant is a Consortium/JV, it shall not change the structure of the Consortium/JV for participating in the Bidding Process without the prior written consent of the Client.

3. PREQUALIFICATION CRITERIA

3.1. Technical Criteria

The following technical criteria shall be used to prequalify the Applicants:

A. Company Profile, Strengths, Profile of Proposed Team

B. Relevant Experience

C. Financial strength

Prequalification of Applicants will be done on the basis of minimum score of 65 obtained out of 100 according to the following table:

Evaluation Areas Maximum Score Obtained Score

A. Company Profile, Profile of Proposed Team

30

B. Relevant Experience 40

C. Financial strength 30

Total = 100

23

A. Company Profile including Profile of Proposed Team

Total Marks = 30

Criteria Marking Scheme Max. Marks (30 marks)

Marks Obtained

i. The Applicants, having proper NTN and GST Numbers, will be awarded following marks in respect of their Profile:

a) When the Applicant fulfills the above said requirement i.e., NTN and GST for a period of between 5 to 10 years.

5

b) When the Applicant fulfills the above said requirement i.e., NTN and GST for a period of more than 10 years.

10

ii. The Applicants will be awarded following marks in respect of their personnel available with them at the time of submission their Applications:

a) Project Manager/Team Leader having minimum B. Sc. Engineering degree in any discipline with at least 10 year experience of managing mining, mechanical or construction project(s)

10

b) Mining Engineer having minimum B. Sc. Engineering degree in mining and at least 5 year experience of running stone quarry(ies)

5

c) Mechanical Engineer having minimum B. Sc. Engineering degree in mechanical and at least 5 year experience of running crushing plant(s)

5

Note: Each member of Applicant’s personnel shall fill Form -1 to demonstrate his / her experience.

The Client may request the Applicants to provide supporting evidence to substantiate their experience in mine / quarry development and/or mine/quarry operation and operations of stone crushing plant.

24

B. Relevant Experience

Total Marks = 40

Criteria Range Max. Marks (40 Marks)

Marks Obtained

The Applicant will be awarded following marks in respect of their experience in Quarry(ies) and Crushing Plant(s) Operation(s): i. No. of similar nature of Quarrying / Project

a) Development of Quarry(ies) Development of one quarry Development of two quarries Development of more than two quarries

b) Quarry(ies) Operations For each year of quarry operation, the Applicant will be awarded 1 marks with a capping of 10 marks

2 4 5

10

ii. Crushing Plant Operation: For each year of crushing plant(s) operation, the Applicant will be awarded two marks with a capping of 20 marks

20

iii. Integrated Project (Quarrying + Crushing) 5

Note: i. The Applicants will have to provide documentary evidence to substantiate their

experience in quarry(ies) development and quarry(ies) & crushing plant(s) operations.

ii. The Applicants shall be awarded full marks for a complete year experience for quarry(ies) and crushing plant operations. However, the experience of less than one year for the quarry(ies) and crushing plant(s) operations will be evaluated and awarded marks as per following formula:

a) Quarry(ies) Operation

(15 ÷ 12) x No. of months’ experience in a year

b) Crushing Plant(s) Operation

(20 ÷ 12) x No. of months’ experience in a year

iii. The Applicants shall submit details of their OVERALL EXPERIENCE in their Expression of Interest (EOI) and a brief resume in Form-2 (Section-E) about the quarry(ies) development and quarry(ies) & crushing plant(s) operations.

Note: Each Applicant shall fill Form-2, 3 and Form-4 of Section-E.

The Client may request the Applicants to provide additional supporting evidence to substantiate their experience in Quarry development and/or Quarry operation.

25

3.2. Financial Criteria

The Applicants will be awarded following marks in respect of their financial strength:

Evaluation Areas

Maximum Obtained Score Score

Applicant's Financial Strength:

A. Average Net Worth 15

B. Average Gross Annual Revenue / 15

Sales / Turnover

Total 30

i. Net Worth means the value of total assets less total liabilities of the entity concerned at the end of a financial year.

The Applicant Firms/Consortia shall provide information regarding the above, based on the audited annual financial statements for the last three (3) full financial years including the consolidated balance sheet, income statement, statement of cash flows and the accompanying notes. Further elaboration regarding financial capability has been given below.

ii. Gross Annual Revenues/Turnover/Sales means the value of gross revenues/turnover/sales of the firm/consortium concerned for a given financial year as mentioned in its financial statement for that year.

iii. Financial Capability - Submission of Evidence from Parent Company The Firm and if it is a Consortium/JV then the relevant Consortium/JV member, may choose to present financial statements of the Parent Company to satisfy financial criteria. For purposes of the above, “the Parent Company” means any corporate entity controlling the Applicant Firm, or if the Applicant Firm is a Consortium/JV, the relevant Consortium/JV member, and "Control" means having, directly or indirectly, a majority of the voting securities and a majority representation in the Board of Directors (or other similar constituent body) of the given corporate entity. In case the Applicant Firm, or if the Applicant Firm is a Consortium/JV, the relevant Consortium/JV member, chooses to present financial statements from a Parent Company, it shall submit, in addition to all other documentation required by this Prequalification Document with respect to the Parent Company.

In such cases, the Parent Company shall guarantee to the Client the Applicant Firm's financial

obligations under the Project Agreement. For purposes of the above, the Parent Company shall provide an executed letter of support in the form attached in Annex 4 (Parent Company Letter of Comfort).

i. Each Applicant shall fill Form - 5 to express its Financial Strength.

ii. For Conversion of Net Worth and Annual Revenues of the Firm/Consortium/JV into PKR (Pakistan Rupees), the Exchange Rate of USD 1 = PKR 106 would be applied.

26

iii. The AVERAGE of last three years for net worth and gross annual revenues, as determined

from the audited annual financial statements of the firms/consortia/JVs (for the last three

years) would form the BASIS for marking/ranking during evaluation process.

Applicant's Financial Strength Total Marks = 100

Criteria Range Max. Score Obtained

Score

Net Worth

Equal or greater than Pak Rupees 500 million

15

Equal or greater than Pak Rupees 400 million but less than Pak Rupees 500 million

10


7

Less than Pak Rupees 300 million

5

Average Gross Annual Revenue

Equal or greater than Pak Rupees 1000 million

15


10


7

Less than Pak Rupees 500 million

5

27

SECTION - E: FORMATS

28

FORM – 1: RELEVANT PROJECT PERSONNEL

Title of Position:

Personnel Name: Date of birth: Information

Education/Qualification:

Profession experience (Years):

Present Name of employer: Employment

Address of employer:

Telephone: Contact (Manager/Personnel Officer):

Fax: E-mail:

Job title / Position: Years with present employer:

Please summarize professional experience in reverse chronological order. Indicate particular technical and managerial experience relevant to the Project.

Serial # Project From To Particulars Name

1 Company Name: Position Held: Work Done on the project:

2 Company Name: Position Held: Work Done on the project:

Note: The Applicant shall not change the proposed team for the Project while submitting its Technical Proposal except with prior written approval of the Client.

29

FORM – 2: RELEVANT EXPERIENCE {Development of Quarry(ies)}

Applicants shall provide the details of its overall experience of Development of Quarry(ies) of Firm / Company / Consortium /Individual using the below Form:

Details of overall experience of Development of Quarry(ies) of the Firm / Company / Consortium / Individual:

1. Name of Firm / Company / Consortium / Individual:

Overall Experience of Development of Quarry(ies) (Years):

Detail of Developed Quarry(ies) by the Firm / Company / Consortium / Individual including location of quarry(ies) and purpose.

Note: The Client may ask any Applicant to demonstrate its experience along with suitable evidence thereof to facilitate evaluation under this section.

30

FORM – 3: RELEVANT EXPERIENCE { Quarry(ies) Operations } Applicants shall provide the details of its overall experience of Quarry(ies) Operations of Firm / Company / Consortium /Individual using the below Form:

Details of overall experience of Quarry(ies) Operations of the Firm / Company / Consortium / Individual:


Overall Experience of Quarry(ies) Operations (Years):

Detail of Quarry(ies) Operations by the Firm / Company / Consortium / Individual including location of quarry(ies) operation and purpose.


31

FORM – 4: RELEVANT EXPERIENCE( Crushing Plant Operation)

Applicants shall provide the details of its overall experience of Crushing Plant Operation of Firm / Company / Consortium /Individual using the below Form:

Details of overall experience of Crushing Plant Operation of the Firm / Company / Consortium / Individual:


Overall Experience of Crushing Plant Operation (Years):

Detail of Crushing Plant Operation by the Firm / Company / Consortium / Individual including location of Crushing Plant and purpose.


32

FORM – 5: FINANCIAL STATUS

a. Summarize the required financial data in the form below, based on audited financial

statements for the latest three (3) financial years. b. For Conversion of Net Worth, Gross Annual Revenue/Turnover/Sale of the Applicant into

PKR (Pakistan Rupees), the Exchange Rate of USD 1 = PKR 106 will be used.

Particulars Latest Year 1 Year 2 Year 3 Average

1. Net Worth

2. Gross Annual Revenue

Note: The Applicant shall fill this table based on the audited financial statements, which statements shall be submitted by the Applicants with their EOIs duly translated in English language from a certified translator.

33

FORM – 6: LITIGATION HISTORY

Applicants shall provide information on any history of litigation or arbitration resulting from contracts executed in the last five years or currently under execution. A consistent history (50% or more) of award against the Applicant may result in rejection of the application.

A. Decided Litigation:

Year Award For or Name of client, Disputed amount Against Applicant cause of litigation, (Current value Pak and matter in dispute Rs. or equivalent)

B. Pending Litigation:

Year Matter in Dispute Value of Pending Value of Pending Claim in Pak Rs. Claim as a Percentage or Equivalent of Net Worth

34

SECTION - F: ANNEXURES

35

ANNEXURE – 1 POWER OF ATTORNEY FROM APPLICANT IN FAVOUR OF AUTHORIZED SIGNATORY

Date:

Power of Attorney

Know all men by these presents, We___________________ name and address of the registered office) do hereby constitute, appoint and authorize Mr./ Ms. ___________________ name and residential address) who is presently employed with us and holding the position of ___________________ as our attorney, to do in our name and on our behalf, all such acts, deeds and things necessary in connection with or incidental to our EOI for Prequalification of Applicant for the Project “DEVELOPMENT AND OPERATIONS OF QUARRY(IES) AND CRUSHING OF LIMESTONE/CONSTRUCTION RAW MATERIAL ON RAISING & LIFTING SYSTEM AT ZINDA PIR AREA, DISTRICT DERA GHAZI KHAN”, including signing and submission of all documents and providing information / responses to the Punjab Mineral Development Corporation (PUNJMIN), representing us in all matters before PUNJMIN, and generally dealing with PUNJMIN in all matters in connection with our EOI for the said Project. We hereby agree to ratify all acts, deeds and things lawfully done by our said attorney pursuant to this Power of Attorney and that all acts, deeds and things done by our aforesaid attorney shall and shall always be deemed to have been done by us.

Signature of Authorized Attorney

_____________________________

Name and Title of Attorney:

_____________________________

Name of Firm:

_____________________________

Address:

_____________________________

36

ANNEXURE – 2 POWER OF ATTORNEY BY APPLICANT MEMBERS IN FAVOUR OF LEAD APPLICANT MEMBER

Power of Attorney

Whereas, the Punjab Mineral Development Corporation (PUNJMIN) has invited EOIs from interested parties for their Prequalification for the Project “DEVELOPMENT AND OPERATIONS OF QUARRY(IES) AND CRUSHING OF LIMESTONE/CONSTRUCTION RAW MATERIAL ON RAISING & LIFTING SYSTEM AT ZINDA PIR AREA, DISTRICT DERA GHAZI KHAN”. Whereas, the undersigned members of the Applicant are interested in prequalification for the above mentioned Project in accordance with the terms and conditions of the Prequalification Document (PQD). Whereas, it is necessary under the PQD for the members of the Applicant to designate one of them as the Lead Member with all necessary power and authority to do for and on behalf of the Applicant and its members, all acts, deeds and things as may be necessary in connection with the Applicant’s EOI for the Project. NOW THIS POWER OF ATTORNEY WITNESSETH THAT; We, M/s. __________________ M/s ________________ and M/s ________________ (the respective names and addresses of the registered office) do hereby designate M/s ________________ being one of the members of the Applicant, as the Lead Member of the Applicant, to do on behalf of the Applicant and all its members, all or any of the acts, deeds or things necessary or incidental to the Applicant’s EOI for the Project, including submission of EOI, responding to queries, submission of information/documents and generally to represent the Applicant in all its dealings with PUNJMIN, any other Government Agency or any person, in connection with the Project until culmination of the process of prequalification. We hereby agree to ratify all acts, deeds and things lawfully done by the Lead Member pursuant to this Power of Attorney and that all acts deeds and things done by our aforesaid attorney shall and shall always be deemed to have been done by us/Applicant.

Dated this the _______Day of ________201___

(Executants)

Signature of Authorized Attorney

_____________________________

Name and Title of Attorney:

_____________________________

Name of Firm:

_____________________________

Address:

_____________________________

(To be executed by all the members of the Applicant)

Note: The mode of execution of the Power of Attorney should be in accordance with the procedure, if any, lay down by the applicable law and the charter documents of the executant(s) and when it is so required the same should be under common seal affixed in accordance with the required procedure.

37

ANNEXURE – 3 AFFIDAVIT

Date:

The General Manager (Technical), Punjab Mineral Development Corporation (PUNJMIN),

2nd


We, [insert name of Applicant] hereby represent and warrant that, as of the date of this letter:

a. are not in bankruptcy or liquidation proceedings;

b. have not been convicted of, fraud, corruption, collusion or money laundering; and

c. are not aware of any conflict of interest or potential conflict of interest arising from prior or existing contracts or relationships which could materially affect its capability to comply with the obligations in respect of the subject Project for which prequalification is being done.

We further represent and warrant that all information and documentation submitted as part of our Expression of Interest is true and accurate.

We have also attached a clearance certificate duly attested by the chamber of commerce/ registration authority evidencing registration (if applicable).

Yours sincerely,

Signature of Authorized Signatory

_____________________________

Name and Title of Signatory:

_____________________________

Name of Firm/Company/Consortium/JV:

_____________________________

Address:

_____________________________

38

ANNEXURE - 4 PARENT COMPANY LETTER OF COMFORT

Date: Month, Day, Year

The General Manager (Technical), Punjab Mineral Development Corporation (PUNJMIN),

2nd


Sub: PREQUALIFICATION OF APPLICANT FOR THE PROJECT “DEVELOPMENT AND OPERATIONS OF QUARRY(IES) AND CRUSHING OF LIMESTONE/ CONSTRUCTION RAW MATERIAL ON RAISING & LIFTING SYSTEM AT ZINDA PIR AREA, DISTRICT DERA GHAZI KHAN”

Dear Sir,

We refer to the prequalification document ("Prequalification Document") issued by the PUNJMIN, dated ....................., inviting prequalification applications from Applicants for the Project “DEVELOPMENT AND OPERATIONS OF QUARRY(IES) AND CRUSHING OF LIMESTONE/CONSTRUCTION RAW MATERIAL ON RAISING & LIFTING SYSTEM AT ZINDA PIR AREA, DISTRICT DERA GHAZI KHAN”.

According to the Prequalification Document (Financial Capacity - Submission of Evidence from Parent Company), the Applicant Firm, or if the Applicant Firm is a Consortium/JV, at least one of the Consortium/JV members, may choose to present financial statements from a Parent Company to satisfy Financial Criteria. For this purpose, the "the Parent Company" means any corporate entity Controlling the Applicant firm, or if the Applicant firm is a consortium/JV, the relevant consortium/JV member, and "Control" means having, directly or indirectly, a majority of the voting securities and a majority representation in the Board of Directors (or other similar constituent body) of the given corporate entity.

In consideration of the above, we hereby confirm and undertake that:

i. we are the Parent Company of [name of subsidiary], which is seeking to prequalify for the Project as [Applicant firm/consortium/JV Member]; and

ii. we will make available sufficient funds [name of subsidiary] to enable it to meet its

obligations as and when these arise as a result of this pre-qualification process and its subsequent outcome.

Yours faithfully,

[Name of Parent Company]

By: ___________

Name: ___________

Title: ___________ (Authorized signatory)

invitation for expression ofinterest (eoi) for for prequalification ... - punjab,...

Documents