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Tenders

To tender is to invite bids for a project or accept a formal offer such as a takeover bid. Tendering usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline.

PROPERTY FOR SALE JAMINTEL Building

Please click the link to download the Request for Proposal.The Transport Authority invites interested persons to submit Proposals for the Purchase of JAMINTEL Building located at 97-101 Duke Street and 15 North Street, Kingston.The property contain a total area of 61,171.70 square feet97-101 Duke Street supports a seven storey office building with a four storey annex, containing an approximately gross floor area of 7,695.17 square meters or 82,830.12 square feet.Bidders are invited to submit offers in accordance with the procedures stipulated in the Request for Proposal (RFP). The RFP is available here as of Friday June 10, 2022. A site visit of the property may be arranged for June 24, 2022 at 12:00 p.m. Interested bidders should contact the Transport Authority at procurement@ta.org.jm no later than June 22, 2022 to confirm.All Proposals being submitted should provide a clear indication of:CONTACT DETAILS: Name, Address and Contact Information of the Bidder(s) responding to the Proposal Firm/Individual Overview.PROFILE: Provide a brief description of the organization or individual, year established, company registration, types of business conducted, and particulars of the directors and shareholders of the company.OFFER: A monetary offer for the acquisition of the properties.GUARANTEE: A Bid Guarantee totaling Four Million Jamaican Dollars (J$4,000,000.00) must be submitted to participate in the divestment process in either:1. Managers Cheque; or2. Bid BondFINANCIAL CAPABILITY: Evidence of the ability to finance the acquisition of the property /properties and the proposed development may be either of the following:1. Bank Guarantee covering the full cost of the acquisition;2. Bank statement, including average balance over two years, confirming adequate ability to finance acquisition;3. Letter from a registered financial institution confirming that the applicant has equity and ability to obtain financing for acquisition or a financial undertaking accompanied with a two year Audited Financial Statement;OTHER: Any other information which the Bidder deems advantageous to the application.SUBMISSION OF PROPOSALOption 1: Hard CopyProposals shall be packaged in a sealed envelope and addressed to the:Public Procurement BranchTransport Authority119 Maxfield AvenueKingston 10Email: procurement@ta.org.jmRe: Request for Proposal, Sale of JAMINTEL Building, KingstonThe sealed envelope should be deposited in the Tender Box labelled “Request for Proposal, Sale of JAMINTEL Building, Downtown, Kingston”, located on the First Floor of Transport Authority’s Head Office, 119 Maxfield Avenue, Kingston 10, by the deadline for the submission of Proposals.Option 2: Electronic CopyApplications should be emailed to procurement@ta.org.jm on or before the stipulated deadline date.DEADLINE FOR SUBMISSION OF PROPOSALAll Proposals must be properly submitted in accordance with the requirements of this Invitation by 1:00 p.m. on Tuesday, July 14, 2022. Proposals submitted after this date and time will be automatically rejected.TENDER OPENINGProposals will be opened at 1:15 p.m. on Tuesday, July 14, 2022 at the same location for the receipt and opening of Proposals. Bidders are allowed to attend the Opening.The Transport Authority reserves the right to withdraw this offer at any time. The Authority also reserves the right not to accept the highest or any offer submitted.

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