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FOUNTAIN HOLDINGS LIMITED-

INVITATION TO BID FOR CONCESSION OF EKITI HOUSE, WUSE ABUJA

CONCESSION OF EKITI HOUSE, WUSE ABUJA.
INVITATION TO BID

1. INTRODUCTION
The Government of Ekiti State, through FOUNTAIN HOLDINGS LIMITED has taken the decision to commercialize select state-owned enterprises as part of ongoing efforts to attract new investments, create jobs, and increase internally generated revenue in the state.

The state government has engaged a Transaction Advisor to manage the privatization process in line with extant public-private partnership Laws

2. PROJECT DESCRIPTION
Ekiti House is situated in Wuse district, north-western part of Abuja, Key government and Parastatal offices are in this district. Ekiti House is rectangular in shape and has an area length of 13.364 square meters. The building has three (3) structures. The first structure has seven floors which is used for office purposes, while the second structure has seven floors which serve residential purposes. The third structure has been converted to a hotel facility with 46 suites and 12 single rooms, halls, meeting rooms, restaurant, laundry, and ample parking space.
The bidding process includes the submission of proposals by competent companies for consideration to be selected as the Concessionaire that would enter into a Concession Agreement with the Government of Ekiti State (through Fountain Holdings Limited) for a period of fifteen(15) years, to renovate, repair, reconstruct, operate, and manage the property under agreed conditions

3. WHO MAY APPLY
We are inviting registered and reputable companies with proven track records of quality service delivery. The prospective bidders must meet the following criteria:
3.1 Demonstrate adequate professional and technical qualifications, human resources, and other verifiable facilities needed to execute all the phases of the project as appropriate.
3.2 Demonstrate financial capacity and the resources to manage the fiscal aspects of the Project and the record to sustain its financial requirements;
3.3 Demonstrate technical expertise and operational feasibility, record of compliance with environmental standards, and quality service delivery with measurable framework to ensure continuity; and
3.4 Demonstrate appropriate managerial and organizational capacity, proven record of experience in similar projects.
3.5 Interested foreign companies would be required to demonstrate evidence of having a local partner that meets the criteria above as part of it submission.
3.6 Bidders must specify the category of their application on the front page of their tender application letter.

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