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The Ekiti State Government through Fountain Holdings Limited has identified the need to commercialize selected State-Owned Enterprises, to optimize value for the Government and people of Ekiti State. This project is also in line with the State Government’s strategic vision of attracting new investments and creating Jobs.

The Transaction Advisor has been engaged by the Ekiti State Government, to manage the privatization process in accordance with the Public-Private Partnership Laws.

The Transaction Advisor now invites interested Companies to participate in the bid process for the Ekiti House Concession Project.

Ekiti House is situated in the north-western part of Abuja, within a key district Wuse. The district houses some major Government parastatal offices. The Site is rectangular in shape with an area of 13.364 square meters. The building has three (3) structures. The first is occupied by an office building with seven floors while the second is a residential building with the same number of floors as the office building The third is a purpose-built hotel facility with 46 suites and 12 single rooms, halls, meeting rooms, restaurant, and laundry.
The Bid process is for proposals for a competent company to enter into a Concession Agreement with the Ekiti State Government (through Fountain Holdings Limited) for a period of fifteen (15) years, to renovate, repair, reconstruct, operate and manage the property under specified conditions.

We are looking for a competent and credible company with a strong footprint. The prospective bidders must meet the following criteria:
(a) Show adequate professional and technical qualifications, human resources, and other physical facilities as necessary to carry out all the phases of the Project as appropriate;
(b) Show financial ability, capacity, and competence to manage the financial aspects of the Project and capability to sustain its financial requirements;
(c) Show technical soundness and operational feasibility, compliance with environmental standards and quality of service and measures to ensure continuity; and
(d) Show appropriate managerial and organizational capability, performance indicators. and experience including previous experience in similar projects.
Foreign companies will be required to demonstrate evidence of a local Nigerian partner that meet the criteria above as part of its submission.
Bidders are to clearly indicate the category of the application on the front page of your tender application letter.

All interested bidders seeking to be considered must satisfy the following requirements specified below:
(4.1) Detailed Company Profile with full details of company’s resume demonstrating capabilities;
(4.2) Certificate of Incorporation (in Nigeria where applicable); Certified True Copies of Memorandum and Articles of Association;
(4.3) Tender Application□ Letter on bidder’s letter headed paper, including name of authorised contact person(s), company full address, email address, telephone number, duly signed and sealed/stamped;
(4.4) Company Tax Clearance Certificate for the past three (3) years (2020, 2019 & 2018) for Nigerian Companies and similar tax certification documents for foreign companies;
(4.5) Audited Accounts for the past three (3) years (2020, 2019, and 2018), which must bear the stamp of Audit Firm;
(4.6) Evidence of verifiable similar services carried out within the last five (5) years;
(4.7) Company’s Safety, Health and Environment policies, including safety records for accidents, incidents, injuries, and damages for the past five (5) years;
(4.8) Evidence of Certainty of Business Integrity and pre-signed undertaking to strictly comply with Nigerian Anti-Corruption Laws in processing the bid and executing the contract if successful; Evidence of Special Control Unit Against Money Laundry (SCUML)
(4.9) Evidence of Financial capability (i.e. Performance Bond to cover the volume of work required, Bank Guarantee, and/or ability to establish an irrevocable letter of credit for the project,);
(4.10) Bidders must submit a sworn affidavit to support action as follows;
(a) To allow verification of all claims made in your submission:
(b) To allow verification that your organization is not in receivership, nor subject to any form of insolvency, or bankruptcy proceeding or the subject of any form of winding up petition or proceedings:
(c) That your company does not have any director who has been convicted in any country for any criminal offence renting to fraud or financial Impropriety or criminal misrepresentation or falsification of facts relating to any matter.
(d) To comfirm whether or not any of the members of the Board of relevant committees of the Ekiti State Government or Fountain Holdings Limited is a former of present director, shareholder or has any pecuniary interest in your company.
(e) That all infection presented in your bid are true and correct in all particulars.
(4.11) Any additional information relevant to enhance the Bid process.

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