The RFP shall include the criteria by which a bid will be evaluated. The criteria should be designed to measure a bidder's proposed solution for the Privatization opportunity including their technical and financial approach.
The RFP shall specify clearly the criteria by which the Work Team will evaluate each bidder. Pass/Fail criteria shall be listed first and set out separately. The remaining evaluated criteria shall be set out separately and listed in descending order of importance. Weighting of each evaluated criteria shall be specified. RFP criteria shall include bidders':
a) Responsibility and capability.
b) Technical proposal, such as:
Project Management Approach:
1. schedule for delivering the project.
2. plan for managing each stage of the project.
3. systems for cost control, quality and performance management.
4. approach to risk management and mitigation measures.
5. ability and strategy to source necessary labor, equipment and materials.
6. public relations and communication systems and plan for reporting;
7. system for complying with regulatory requirements.
Design and Construction Approach:
1. descriptions, drawings and other schematics showing the project and site.
2. identification of materials to be used and source of materials.
3. proposed technological solutions, innovation, and/or integration with existing systems.
4. value of alternative technical concepts.
5. sequence of construction, staging, testing and commissioning, and critical path.
6. approach to mitigating construction impact (e.g. traffic, stakeholder engagement, environmental).
7. plan for managing labor, trades, and training.
Operational Approach:
1. mechanisms for ensuring quality, efficiency, and compliance with operational requirements.
2. processes for managing operational issues.
3. safety and emergency systems.
4. labor, employment, and staffing approaches.
Maintenance Approach:
1. planned maintenance regime and life cycle approach.
2. maintenance materials resourcing and supply.
3. short and long term sustainability measures.
4. plan for capital asset replacement and improvement.
5. system for mitigating interruptions to operations.
6. handover program.
c) Financial Proposal, such as:
1. Financial capacity to undertake the project.
2. Pricing sheets and costing details.
3. Plan for financing.
4. Financial Model, assumptions, and sensitivities.
5. Feasibility of financing plan.
6. Sources and Uses schedules.
7. Net present value, value for money proposition.
8. Schedule for commercial and financial close.
9. Plan for managing financial risks.
10. Surety sufficiency and information.
11. Proposal and performance security details and sufficiency.
12. Financing Term Sheets.
13. Insurance details and variables.
14. Bank support details including a commitment letter and structure and hedging strategy and funding plan.
d) Comments, if any, on the bidding documents including the draft Privatization Contract, although the Kingdom's preference is for minimal changes to the Privatization Contract, and this shall be clearly stated.