4.4 Project Committee

A committee formed under a decision of the Minister/the concerned chairman in order to manage the project awarding process. The committee is headed by the Undersecretary/ Director General of entity concerned with the project and it involves a representative of the Technical Bureau . The committee shall do the following:

•  Forming a team supporting the committee in performing its tasks. The Technical Bureau is the main component of this team.

•  Preparing the initial studies that discuss the technical, economic, legal and financing aspects of the joint project, including the extent of investors' interest and the possibility of attracting the necessary finance, and submitting a report containing a recommendation in this regard to the Technical Bureau for final review and then submitting this report to the Financial and Economic Committee.

•  Launching the procedures of selecting the private partner through announcing a public invitation for those who would like to win the joint project.

•  Defining the qualification criteria and providing candidates with the necessary information and instructions.

•  Receiving the qualification applications and submitting the candidate qualification reports to the Technical Bureau .

•  Informing the candidates with qualification results.

•  Interviewing the qualified candidates and financing entities in order to reach a comprehensive vision defining the best technical requirements, practical means and financial structures to implement the joint project.

•  Preparing the bidding requirements document and its attachments and informing it to the qualified candidates after obtaining the approval of the competent minister and ratification by of the Cabinet.

•  Receiving and opening bids and asking for necessary clarifications and complete the deficiencies.

•  Assessing technical bids that meet the requirements and then opening and assessing its financial proposals.

•  Submitting the competitor classification report containing the recommendation of the best bidder to The Ministry to be submitted to the Financial and Economic Committee.

•  Negotiating with the owner of the best bid or the best two bidders with a view to improve the bid technically and financially based on an authorization from the Financial and Economic Committee.

•  Informing the candidates the final result of selection process.