PHASE WISE JOURNEY

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Sr. No.QuestionAnswer
1We had recently floated Tender and have received proposals from 8 builders. What are the steps to be followed now up to selection of Developer?For a detailed process of Selection of Developer, you should visit www.redevelopment.info

and check out Phase 2, Stage 2.

However, here is a concise list of steps:

A: To Make First Shortlist
1. Comparative Statement of Bids
2. Joint Meetings, Negotiations with Bidders (Adherence to Tender)
3. First Shortlist

B: To Make Final Shortlist
4. Due Diligence: Experience (Projects, Clients' References)
5. Due Diligence: Financial Adequacy
6. Due Diligence: Legal
7. Final Shortlist

C: To Consolidate Final Offers
8. Visits to Bidders’ Offices
9. Visits to Bidders’ Project Sites
10. Final Joint Meetings, Negotiations with Bidders
11. Final Techno-Commercial Offers from Bidders


D: To Select A Developer
12. Presentations by Bidders: Plans & Techno-commercial Offers
13. Selection of Preferred Developer
14. Selection of Developer in SGBM (79A)