Contract Finalisation in Asset Recycling

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On this page: Find key steps in selecting preferred bidders and contract signing. Read more below, or visit the Guidelines for Implementing Asset Recycling Transactions section and Content Outline, or Download the Full Report.
With the preferred bidder identified, the final negotiation process will commence. The tender committee should take on the role of the negotiation team, with additional support from the Relevant Authority and its advisors (if required), at this point of the process. Key steps in setting up negotiation framework are set out below: After the negotiation framework has been developed, a formal written communication inviting the preferred bidder for negotiations should be sent. This communication will include administrative details such as date, time, venue and expected duration of negotiations. It will provide the bidder with key points of discussion, objectives of discussion, the approach proposed by the Relevant Authority and any additional information required by the Relevant Authority. The formal settlement between the two parties will happen subsequent to them reaching a compromise wherein both parties believe that the settlement is the best possible outcome under the circumstances. Once the procurement process is complete, the contract will be awarded to the successful bidder. A suitable date and venue are nominated for contract execution, where the Relevant Authority signs the contracts with the preferred bidder having incorporated a Special Purpose Vehicle for the project. A public announcement of the contract and the successful bidder will be made, in ways that conform to the Relevant Authority’s policy and procedures.Final Negotiations
Contract Signing
The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions To find more, visit the Guidelines to Implementing Asset Recycling Transactions Section Overview and Content Outline, or Download the Full Report.