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A multi-billion dollar LNG ships tender, floated by state-run GAIL (India) more than two years ago, continues to be stuck as a designated panel is yet to finalise the new contours of the tender.
A revision in the bidding norms was necessitated after foreign shipbuilders found risk-apportioning was tilted against them. (Reuters)
A multi-billion dollar LNG ships tender, floated by state-run GAIL (India) more than two years ago, continues to be stuck as a designated panel is yet to finalise the new contours of the tender. A revision in the bidding norms was necessitated after foreign shipbuilders found risk-apportioning was tilted against them.
The committee, headed by Niti Aayog chairman Arvind Panagariya, was formed in November last year. GAIL had floated a tender to hire nine newly-built LNG carriers for transportation from the US. However, due to unfavourable response from ship builders, the $7-billion tender was postponed thrice and ultimately cancelled in November last year. The tender was first launched with a final date for bid submission of October 30, 2014, and was later extended to December 4 the same year, and January 6 and February 17 next year, with the last being later extended till 31 March.
The bids were invited in lots of three with the caveat that one of the ships will have to be built at an Indian shipyard to promote the National Democratic Alliance government’s flagship Make in India programme. As per reports, the world’s leading LNG ship-owners had made two separate consortia to submit bids. The first consortium included Mitsui OSK Lines, Nippon Yusen Kabushiki Kaisha and Mitsui and Co, and another having Mitsubishi Corp, Kawasaki Kisen Kaisha, GasLog and Foresight on board. However, the stakeholders failed to agree upon risk-sharing on India-made LNG carriers.
The gas company has long-term agreements with Sabine Pass and Cove Point projects in the US for supply of LNG which is expected to start from December 2017. In this respect, the company plans to time-charter these ships of cargo capacity of 150,000-180,000 cubic metres each. The bids were invited in lots of three with the caveat that one of the ships will have to be built at an Indian shipyard to promote the National Democratic Alliance government’s flagship Make in India programme.
“Regarding the long-term procurement, a view is being considered and a committee headed by Arvind Panagariya is examining the pros and cons of making ships in India. To meet the requirements of GAIL, we are going for short-term hiring of ships from the market,” said BC Tripathi, chairman of GAIL. Tripathi added since there was no favourable response to tenders, the issue has been discussed in the government and it has been decided that this needs a re-examination on making of ships.
Among the Indian ship makers, only Cochin Shipyard —which has entered into a technology pact with South Korean firm Samsung Heavy Industries Co and has obtained a licence from France’s GTT for using the latter’s patented Mark-III LNG containment systems — has the wherewithal to built LNG transporters and fitted the criteria set out by GAIL. Tripathi said that the tender will definitely come, but in what form it will come is being discussed. “In the long term, that is what is desired,” he added.
According to bid documents floated earlier, GAIL could take up to 10% equity stake in any or all of the nine ships with operator Shipping Corporation of India having a right to 26% interest.
For GAIL Tenders contact on +91 9099090533
IPL Chairman Rajiv Shukla (centre) with Gujarat Lions owner Keshav Bansal (left) and Delhi Daredevils manager TA Sekhar. (Source: PTI)
The Board of Cricket Control India (BCCI) has opened the tender process for the television and digital rights of Indian Premier League.
The Board of Cricket Control India (BCCI) has opened the tender process for the television and digital rights of Indian Premier League. The previous 10-year deal with Sony Pictures Network India (SPNI) is set to be expired at the end of 2017 season and the new deal will give rights for next 10 seasons, up to 2027. Currently, the digital rights of the league are with Star India which also posses the overseas media rights except for US and UK.
BCCI will accept bids till October 25. The television rights will be given till 2027 while digital rights will be given till 2022. The Committee of Administrators (COA) will then go through the tenders and suggest changes, if needed, before floating them.
The new bosses at BCCI wan to be patient about the process unlike their predecessors who were in a hurry to sign the deal. “The former BCCI bosses were in terrible hurry to do the IPL deal, which was rightly stopped by the Lodha Committee as the office-bearers weren’t eligible to do so. But the current working style of BCCI is to do everything without rushing. It’s after all the most important process for BCCI,” a source was quoted by TOI.
The previous deal with Sony helped BCCI generate about Rs. 6,700 crore across 10 years but the league has grown immensely in last one decade. It is now the most viewed cricketing league in the world and this will help BCCI in acquiring a bigger deal with the estimated amount to fall between Rs 18,000 to Rs 30,000 crore.
Earlier it was believed that the demoentisation move could have an impact on IPL auction and on media rights deal but that looks unlikely to happen. IPL auctions for 2017 season are set to happen on February 20, 2017 at Bengaluru with England all-rounder Ben Stokes expected to be the biggest attraction.
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Looking for tenders from Jaipur, Pali, Jodhpur, Udaipur or other locations? get all the tenders information from Rajasthan state.
- RFP for Supply &amp Installation of Large Format Displays (LFDs) and related works
- Appointment of Input plus Investment Based Distribution Franchisee for Distribution and Supply of Electricity in Ajmer City of Ajmer Vidyut Vitran Nigam Limited
- Consultancy work for SMMU and CMMU for Smart Cities Mission and AMRUT Projects in Rajasthan Under CCBP
- CONSTRUCTION, MAINTENANCE AND OPERATION OF TOILET BLOCK NEAR TB WARD SMS HOSPITAL
- CONSTRUCTION MAINTENANCE AND OPERATION OF TOILET BLOCK AT GATE NO.6 NEAR CHARAK BHAWAN SMS HOSPITAL ON BOT BASIS
- CONSTRUCTION MAINTENANCE AND OPERATION OF TOILET BLOCK SIRSI BUS STAND
- PURCHASE OF 11 KV 70 KN AND 120 KN DISC INSULATORS _BALL AND SOCKET TYPE__PORCELAIN LONGROD INSULATORS
- Construction of Two Layer WBM for internal Roads and Low Height Compound Wall at corner edges for facilities and scheme plots at the perephary of scheme New JDA Residential Scheme Panna Dhya Nagar at Begas , Zone 12, JDA, Jaipur
For more tenders from Rajasthan State contact Mr. Dev Rajpurohit on +91 8460863339
Meaning of Tender
To invite bids for a project, or to accept a formal offer such as a takeover bid. Tender usually refers to the process whereby governments invite bids for large projects that must be submitted within a finite deadline.
What is Tendering?
Tendering is the process of making an offer, bid or proposal, or expressing interest in response to an invitation or request for tender. Organizations will seek other businesses to respond to a particular need, such as the supply of goods and services, and will select an offer or tender that meets their needs and provides the best value for money.
Tender request documents; also referred to as invitations to tender, Requests for Tender (RTF), Requests for Proposal (RFP) etc outline what is required, that is, what the requesting organization’s needs are. These documents also outline the particular requirements, criteria, and instructions that are to be followed.
Future tenders are generally widely advertised to offer opportunities to a number of suppliers, encourage competition and provide a greater pool of offers to select from.
Interested suppliers will then prepare a tender; the documents that outline the offer that they are making, and will include pricing, schedules as well as their eligibility for the project or procurement. They will outline their advantage over competitors; provide information on qualifications, competencies and experience. Further they have to demonstrate how their bid offers the best value for money.
The submitted tenders are then evaluated with regard to defined criteria. In a normal tendering situation, this process should be conducted fairly and honestly, and in a manner that is free from bias or favour. The offer that best meets all of the requirements outlined in the request, and provides value for money should win the contract.
The tendering process is generally utilised for procurements or contracts involving substantial amounts of money. Tendering is utilised by:
- > Government departments, offices and agencies
- > Private sector companies and businesses
- > Non Government Organizations
- > Overseas markets and businesses
While the concept of tendering may seem daunting at first, it can be easily tackled by having a plan of ‘attack’. When becoming involved in a tendering process, it is important to understand your business’ suitability for the project; whether your business’ current situation will allow for you to tender, as well as your ability to manage the contract if you are successful in winning the tender. By understanding these points and ensuring you can demonstrate that you are able to meet the criteria and offer a competitive bid, you will increase your chances of success.