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EKITI STATE GOVERNMENT-

INVITATION TO PARTICIPATE IN EKITI HOUSE CONCESSION BID

EKITI HOUSE
CONCESSION BID

1.0 INTRODUCTION
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 investment 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 Adviser now invites interested Companies to participate in the bid process for the Ekiti House Concession Project.

2.0 PROJECT DESCRIPTION
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, hails, meeting rooms, restaurant and laundry.
The Bid process is for proposals for 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

3.0 WHO MAY APPLY
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 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.

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