This is the Second Phase of a Redevelopment Project.

It starts when a Society decides to proceed to Tendering & instructs the PMC to prepare Tender Documents and ends when a Developer is selected by the Society’s General Body. This period consists of the following two stages and may take about 8 months:

Stage 1: Tendering (Tender Documents & Bidding Process):

Active Agencies: MC, PMC, Bidders

Period: 3 months

SGBM: 1

Milestones:

- Approval of Tender Documents

- Floating Tender

- Opening of Bids

Project Records:

- Tender Documents

- Amendments to Tender (if any)


Stage 2: Bid Evaluation & Developer Selection:

Active Agencies: MC, PMC, Bidders

Period: 5 months

SGBMs: 2

Milestones:

- Comparative Statement

- Final Shortlist of Bidders

- Bidders’ Presentations

- Selection of Developer

Project Records:

- Comparative Statement/ Bid Evaluation Report

- Financial & Legal Due Diligence Reports

- Final Commercial Proposal from Bidders

- Tendering Report

- NOC from Dy. Registrar



After a Developer is selected in a General Body Meeting, the Project will move to the next Phase of Pre-construction.