Consultancy services for preparation of Detailed Feasibitity Report ( DFR) for developing industrial Housing at Vallam Vadagal SIPCOT estate forthe benefit of employees of SIPCOT estates at Oragadam, Sriperumbudur, Vallam Vadagal & lrungattukottai in Tamil Nadu

Pre-Proposal Meeting held on 26th July 2019 at 11.00 Hrs(lST) at the Conference Hall of TNTFMC (1"1 Ftoor), Chennai-600 028.

Addendum No.1

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Clause 10.5 ofLetter ofInvitation & pageno. 6

An authorized representative of the Consultants shall initial allpages of the original Technical and Financial Proposals. Theauthorization shall be in the form of a written power of attorneyaccompanying the Proposal duly notarized by a Notary Public.

An authorized representative of the Consultants shall initial all pagesof the original Technical and Financial Proposals. The authorizationshall be in the form of a written power of aftorney or boardresolution (either General or Specific for this assignment) withadequate validity period accompanying the proposal duly notarizedby a Notary Public.

a Clause 10.6 ofLetter ofInvitation &page no.6

The sealed envelopes Cover 1 and Cover 2 should again beplaced in a separate sealed cover, which shall be clearly markedwith the name of the assignment and received in the office of theTamil Nadu Infrastructure Fund Management CorporationLimited, No. 19, First Floor, T.P. Scheme Road, Raja AnnamalaiPuram, Chennai - 600028, up to 15.00 houls on , 20th August,2019.

The sealed envelopes Cover 1 and Cover 2 should again be placedin a separate sealed cover, which shall be clearly marked with thename ofthe assignment and received in the office of the Tamil NaduInfrastructure Fund Management Corporation Limited, No. 19, FirsrFloor, T.P. Scheme Road, Raia Annamalai puram. Chennai -600028, up to 15.00 hours(lsT) on ,29th August,2019.

3 Clause 1 1.1 ofLefter ofInvitation &page no.7

The proposals (first envelope (cover 1) containing technicalproposal only) will be opened by Chief Finance Officer, TNIFMCor his authorized representative in TNIFMC office at 1S.30 hourson 20th August,2019. lt may please be noted that the secondenvelope containing the Financial proposal (Price Bid) will not beopened until eligibility criteria is evaluated and technicalevaluation has been completed and the result approved andnotified to all Consultants.

The proposals (first envelope (cover 1) containing technnal proposalonly) will be opened by Chief Finance Officer, TNIFMC or hisauthorized representative in TNIFMC office at 10,30 hours(lsT) on29th August,2019. lt may please be noted that the second enveiopecontaining the Financial proposal (Price Bid) will not be opened untileligibility criteria is evaluated and technical evaluation has beencompleted and the result approved and notified to all Consultants.

4 Clause 12.2(iii) ofLetter ofInvitation andpage no.8

Similar work experience in last five years: The Bidder shouldhave experience of at least five similar projects (preparation ofDFR/DPR involving detailed market demand assessment,Architectural Master Plan and Conceptual design, project &financial structuring, business plan, ftnancial modeling eic.,) inthe past five years with each project, being of a value of, not lessthan Rs. 100 crores (Rupees One hundred crore onlv). The Bidder

Similar work experience in last ten years: The Bidder should haveexperience of at least five similar projects (preparation of DFR/DpRinvolving detailed market demand assessment, Architectural MasterPlan and Conceptual design, Project & financial structuring, businessplan, financial modeling etc., for Industriat Housing / ResidentialHousing / Residentiat Township / Hostet projects) in the past ten yearswith each project, being of a value of, not less than Rs. 100 irores

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shall meet out the above criteria as a sole firm or Jv/Consortium(collectively meet out the eligible criteria).

(Rupees One hundred crore only). The Bidder shall meet out tneabove criteria as a sole firm or Jv/Consortium (collectively meet outthe eligible criteria)

5 Clause 12.2 (lv)of Letter ofInvitation andpage no. 8

Annual Turnover in last three years: Annual turnover of theConsultants not less than Rs. 5 Crore in any one of the previousthree financial years (2016-17, 2017-18,2018-19 (provisional)) inthe case of individual Bidder. In the case of consortium/Jv Bidder,the annual turnover of the lead firm should not be less than Rs. 3Crore and the partner firm(s) annual turnover should not be lessthan Rs. 2 Crore in any one of the previous three financial years(2016-17, 2017 -1 8, 201 8-1 I (provisional)).

Annual Turnover in last three years: Annual turnover of tneConsultants not less than Rs. 10 Crore in any one of the previousthree financial yearc (2016-17,2017-18, 2018-19 (provisionat)) in thecase of individual Bidder. In the case of consortium/Jv Bidder, theannual turnover of the lead firm should not be less than Rs. 6 Croreand the partner fjrm(s) annual turnover should not be less than Rs. 4Crore in any one of the previous three financial years (2016-17,2017-18, 2018-19 (provisional if audited not avaitable)).In the case of financial calendar typically ending in the month ofSeptember /December, then the consultants shall submit thefinancial statements for the last 3 years ie,, 2015-16 to 2017-18.

o Clause 12.3 (ii) ofLetter ofInvitation andpage no.9

'* Key personnel - be considered key staff, only if they are fulltime employees of the company or the consortium partners orExperts contracted by the Bidder for this assignment and theyshould involve fully in the assignment and be available for allTNIFMC meetings.

*" Key personnel - be considered key staff, only if they are full timeemployees of the company or the consortium partners or Expertscontracted by the Bidder for this assignment and they should involvefully in the assignment and be available for all meetings that arerelated to this assignmenuproject.

7 Clause 14Letterlnvitationpage no.12

ofof

ano

The Consultant and its Personnel shall observe the hiqheststandards of ethics and shall not have eng-ageO

without prejudice to the Client's any other rights or remedyhereunder or in law.

Add at the end of the paragraph the following:"Each Party represents, warrants and undertakes that:(a) lt has not and shall not offer, promise, give, encourage,

solicit, receive or otherwise engage in acts of bribery orcorruption in relation to this Agreement (including withoutlimitation any facilitation payment), or to obtain or retainbusiness or any advantage in business for any member ofits group, and has and shall ensure to the fullest extentpossible that its employees and agents and others underits direction or control and directly involved in providingServices under the Agreement do not do so. For thepurposes of this clause it does not matter if the bribery orcorluption is {i) direct ofi[rouqh a third partv: (ii) of a

({sl ch

RIYqFp"t'),

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(b)

public official or a private sector person; (iii) financial orin some other form; or (iv) relates to past, present, orfuture performance or non-performance ofa function oractivity whether in an official capacity or not, and it doesnot matter whether or not the person being bribed is toperform the function or activity to which the bribe relates,or is the penson who is to benefit from the bribe. Forthe purposes of this clause, a "person" is any individual,partnership, company or any other legal entity, public orprivate.Each Party shall, adhere to applicable anti-bribery andcorruption laws.Each Party shall, immediately upon becoming aware ofthem, give the other Party all details of any non-compliance with sub-clauses (a) and (b).It is a condition of this Agreement that each Party fullycomplies with this Clause. lf it does not do so, withoutprejudice to any other remedy available to a party, the non-breaching party shall have the right (but not the obtigation)in its absolute discretion to terminate the whole of thisAgreement, or that part of this Agreement to which thebribery or corruption relates. For the avoidance of doubt,any breach of this Clause shatl be deemed to be incapableof remedy."

(c)

(d)

6 Para 3 of Termsof Reference ofAnnexure -1 andpage no.18

The prolect site (size about 9.50 acres in Plot No. G-95/2) islocated in the SIPCOT estate, Vallam Vadagal, Kancheepuramdistrict, however, the proposed industrial housing developmentshall cater to the employees of following four SIpCOT estates.The location map is enclosed in Appendix-1.

The project site (size about 9.50 acres in Plot No. c-95/2) is locateclin the SIPCOT estate, Vallam Vadagal, Kancheepuram district,however, the proposed industrial housing development shall cater tothe employees of following four SIPCOT estates. The location maois enclosed in Appendix-1.

The land use classification of the proposed development of 9.50acres is Industrial use and consultant shall examine theconversion aspects as part of the scope of services.

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Para 4.2 (d) olTerms ofReference ofAnnexure -1 andpage no. 21

Consultant shall carry out a perception study to identify expecteOprojects in the catchment, feedback on demand Dotential.developers/ operators/ industries/ SIPCOT authorities/ Govtauthorities/ Industry Associations/ Trade Bodies/ WorkersAssociations' perception of the proposed site, potential forindustrial housing development and key concerns, projectedrevenue and cost ( capital as well as operating). We are notprescribing any sample size, but it should be such so as to giveconfidence while interpreting the study data collected from allstakeholders.

Consultant shall carry out a perception stuAy to iOentifyexpected projects in the catchment, feedback on demandpotential, developers/ operators/ industries/ SIpCOT authorities/Employees/ Industry Associations/ Trade Bodies/ WorkersAssociations' perception of the proposed site, potential forindustrial housing development and key concerns, projectedrevenue and cost ( capital as well as operating). The minimumnumber of samples to be conducted for perception Survey areindicated below, but it should be such so as to give confidencewhile the data collected from all stakeholders.

Tvpe Sample NumbersTop managemenu CXO levelof Companies

30 Nos (major & mediumindustries)

HOD Level of companies 75 Nos (major & mediumindustries)

Executives minimum of 250 nos ofemployees of companiessurveyed respectivelv

Blue Collar minimum of 500 nosemployees of companiessurveyed respectivelv

Association 2 nos (atleast one at eachestate)

Developers 10 nosOperators 10 Nos

Note: Companies surveyed shall have employee size of S0 orabove.

10 Pata 4.2 (s) ofTerms ofReference ofAnnexure -1 andpage no.22

Do the bench marking study with other regional / national /international projects in similar space.

Do the bench marking study with other regio-al / nationEl /international projects in similar space of afleast six signatureprojects (3 International and 3 national), The case studies andkey takeaways in terms of design, green sustainability, projectstructuring, implementation strategy, branding &marieting-etcshall be incorporated in the proposed {evelopment.

ffi

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11 Para 4.3(c) ofTerms ofReference ofAnnexure -1 andpage no.22

Based on collected data and site appraisal, the Consultant shallprepare the detailed Master plan with layout, Infrastructure planConcept design, typical floor plans, elevations, unit and blocklayouts and amenities with specifications is required.

Based on collected data and site appraisal, the Consultant shrilprepare the detailed Master plan with layout, Infrastructure ptanConcept design, typical floor plans, elevations, unit and block layoutsand amenities with specifications is reouired.

The detailing of architectural design & drawings (master plan,infrastructural plan, typical floor plans, elevations, unit & blocklayouts and amenities) should be Good for Bidding drawings,Besides this, the successful consultants shall provide thedetailed specifications and functional requirements for allelements including MEPs.

12 Hara / ot termsof Reference ofAnnexure-1 andpage no.27 .

7. Outputs and related payment schedule:

The duration of the assignment is 14 (fourteen) weeks andthe outputs are sub-divided into the followino.Stage 1*: Evaluation of site and irarket demandassessment (not exceeding 30% of total contract price) -6 (six) weeks from the date of commencement.

a) Inception report: Inception report to elaborate themethodology, work plan and deployment of staff etc.covering all two stages. - within one week from thedate of commencement: 30% of the cost of Stage 1.

b) Interim Report at the end of 6 (six) week from the dateof commencement: 70% of the cost of Stage 1.

Stage 2-: Feasibility Report including master plan,conceptual design, project & finance structuring etc. (notexceeding 70% of total contract price) - 10 (ten) weeksfrom approval of Stage 1 report.

c) Draft Feasibility Report inctuding architectural plan &details, specification, cost estimates, business plan,financial model etc. - 6 (five) weeks from approval ofStage 1 Report: 50% of the cost of Stage 2.

7, Outputs and related payment schedule:

The duration of the assignment is 14 (fourteen) weeks and theoutputs are sub-divided into the followinq.Stage 1.: Evaluation of site and mark6t demand assessment(not exceeding 30% of total contract price) - 6 (six) weeksfrom the date of commencement.

a) Inception report: lnception report to elaborate themethodology, work plan and deployment of staff etc.covering all two stages. - within one week from the dateof commencement: 30% of the cost of Stage 1.

b) Interim Report at the end of 6 (six) week from the date ofcommencement: 70% of the cost of Stage 1.

Stage 2*: Feasibitity Report including master plan,conceptual design, project & finance structuring etc, (notexceeding 70% of total contract price) - 8 (eight) weeks fromapproval of Stage 1 report.

c) Draft Feasibility Report including architectural ptan &details, specification, cost estimates, business plan,financial model etc. - S (five) weeks from approval ofStage 1 Report: 50% of the cost of Stage 2.

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d) Final Feasibility Report including archltectural plan &details, specification, cost estimates, business olan &financial model - 10 (eight) weeks from approval of Stage1 Report 50% of the cost of Staqe 2

d) Final Feasibility Report including architectural plan &ietaits,-specification, cost estimates, business plan & financialmodel - 8 (eight) weeks from approval of Stage 1 Report:50% of the cost of Stage 2

'13 Para 8 (D) ofTerms ofReference ofAnnexure-1 andpage no.29.

D) MarketEducationalQualificationEssential

[1BA or equivalent post graduate

Essential Exoerience Min. 8 years' experience in conductinETarket surveys and demancassessments particularly developmen)f integrated industrial township/ rentalousing including supportingnfrastructure and amenities.

tl Total professionallxpenence

10 years

D) Market

=ducatronaleualification:ssential

3A/ MBA / PGDM (Marketing as one ofihe specialisations)/ CFA or equivalentcost graduate degree

:ssentlal ExDerience [/in. 8 years' experience in conductingmarket surveys and demand assessmentsparticularly development of integratedndustrial township/ rental housingncluding supporting infrastructure andamenities.

tl Total professional)xperience

10 years

14 Para 8 (E) ofTerms ofReference ofAnnexure-1 andpage no.29.

Financial Financialucational or MBA in Finance or eouivalent

ificationU CFA or MBA/ PGDM specialisingFinance or equivalent

). 7 years' experience as Finance)ert having Sound knowledge ofan development issues inmmercial real estate projects and,erstanding of PPP, preparation ofenue model and urban governanceres (legal, institutional anoanizational). Added weightage if/ing done any successful integratedustrial township/ rental housingrted financial models.

Experience VIin. 7 years' experience as Finance:xpert having Sound knowledge of urbanlevelopment issues in Commercial real)state projects and understanding of)PP, preparation of revenue model andrrban governance issues (legal,nstitutional and organizational). Addedveightage if having done any successfulntegrated industrial township/ rentalrousing related financial models.

i,nd Ma"l

o ffi

Clause/paraand page no. of

RFPFor completed projects, the Consultant shall submit theCompletion certificate from the sponsor / project-in-charge of theprojecr.

bidder with certification from the Statutory Auditor andthe same shall be attested by Notary public as adocumentary evidence. Only completed assignmentswill be evaluated.

For completed projects, the Consultant shall submit the Completioncertificate from the sponsor / project-in-charge of the project andother form of proof as mentioned above.

Clause 8 of DraftAgreement ofAnnexure -4 andpage no.45

The [Name of Consultants] shall indemnify and hold harmlessthe (Name of Client) against any and all claims, demands, and/orjudgments of any nature brought against the (Name of Borrower)arising out of gross negligence or willful misconduct of the [Nameof Consultantsl in the provision of services under this contract.The liability of the IName of Consultants] under any circumstanceshall not exceed one time of contract value or fee oaid to theConsultant, whichever, is lesser. The obligation under thisparagraph shall survive the termination of this Contract.

The lName of Consultantsl shall also indemnify and hold harmlessthe (Name of Client) against any and all claims with respect to lossof profit, data orgoodwill, orany other consequential, incidental,indirect, punitive or special damages in connection with claims,demands, and/orjudgments of any nature brought against the (Nameof Borrower) arising out of gross negligence of the lName ofConsultantsl in the provision of services under this contract. Tneliability of the lName of .Consultants] under any circumstance shallnot exceed one time of contract value or fee paid to the Consultanr.whichever, is lesser. However, this limitation on liability shall noiapply to losses or damages caused by the Consultant,s fraud orwilful misconduct and liability in this case shall be actual asdetermined by the cood Industry Practice/Applicable law.

The obligation under this paragraph shall survive the termination ofthis Contract.

Clause 13 ofDraft Agreementof Annexure4 &page no.46.

The Consultant shall furnish a Bank Guarantee amounting to S%of the negotiated consultancy value exclusive of all taxes, duties,levies in the form specified at the end of the RFP, within Z davsfrom the date of issue of LoA. The format is enclosed in Annexure-5.

The Consultant shall furnish a Bank Guarantee amounting to Solo ofthe negotiated consultancy value exclusive of all taxes, duties, leviesin the form specified at the end of the RFP, within 1O (ten) days fromthe date of issue of LoA. The format is enclosed in Annexure-s.

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