1.2. Recruitment Process

After identifying the role of each Advisor, the Government Entity should ensure that enough qualified Transaction Advisors are shortlisted to be informed of the process, and that the competition among them is promoted appropriately. The recruitment process for the Transaction Advisor is akin to the one followed for project procurement: An RfP, the contents of which are detailed below, is issued to provide clarity regarding the extent of work the Transaction Advisor is expected to provide on the project. A Transaction Advisor's proposal generally includes a technical proposal responding to the scope of work in the RfP with a working methodology, and a financial proposal that includes pricing services for that purpose. These proposals are then submitted to, and collected by, the designated Government Entity, following which a competitive Bidding Process follows for the selection of the Transaction Advisor.

The Transaction Advisor's technical proposal will generally be evaluated on the below criteria, amongst others:

Local, regional, and international experience over the past 5-10 years working on procurement projects - first, in the same sector as the project in question; and, second, in other procurements;

Past relevant experience working with either the Government Entity or other organisations within the Emirate of Dubai;

Past relevant experience of leading the development of similar projects, or with the structuring of relevant payment mechanism; and,

Past relevant experience in developing government-guaranteed or subsidised projects, supporting to ensure bankability, and raising finance.