NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA LTD

Corrigendum II Dated:- 10-01-2024 in r/o RFP No: HO/TOR-IU-01/2022-23

Corrigendum to the terms of reference for engagement of Transaction Adviser in NAFED

for advising on matters related to revenue maximisation from properties/units under the
possession of Nafed and develop modalities for redevelopment, maintenance and leasing
out land to agencies in BOT model.

ToR document for Engagement of Transaction Adviser in NAFED for advising on

matters related to revenue maximisation from properties/units under the possession of
NAFED and develop modalities for redevelopment, maintenance and leasing out land to
agencies in BOT model was uploaded on NAFED website on dtd 22.12.2023. Further, a
corrigendum was issued on 28-12-2023. In continuation of the same, the following
Corrigendum is issued:

S.N RFP Relevant Clause Clarification/Queries Remarks

Clause
Page No.
1. Scope of Preparation of DPR For PPP Projects, the market practice is for DPR will be an integral part of
Services based on feasibility preparation of pre-feasibility / feasibility Scope of Transaction Advisor, as
3.1. study broadly report and not DPR and PPPs focus on already outlined in RFP.
2 containing output specifications rather than input
Page 5 following: specifications. It is requested to kindly
amend the requirement to preparation of
feasibility report.

Request you to kindly amend the

requirement of preparation of DPR to pre-
feasibility report for each of the 16
locations.
2. Scope of General Scope of Given the spread-out locations and sizes of It is clarified that all 16 locations
Services Services the assets, we understand that payment would be considered separately
3.1. schedule as mentioned in para 10 of the and payment will be
3 RFP shall be made applicable location wise independently done within the
Page 5 i.e the financial quote of the bidder would principles laid down in Clause
be divided by 16 and each location would 10.
be paid our separately.
 Further, we would request that the
timelines shall run independently for each
of the location so that any unforeseen
event related to a location does not
hamper the progress for other locations
3. Scope of Act as Project We understand that the PMU will be a) The role of PMU will be as
Services Monitoring Unit activated once the Transaction is per the clause 3. Scope of
3.1. during actual work completed and concession is signed. The Services.
6 to be undertaken by role of the PMU may kindly be clarified b) W.r.t. additional
Page 5 the agency/ with respect to the 16 locations. locations, complete
concessionaire to details including scope
be on-boarded Further, the corrigendum also mentions of work and payment
through tendering that additional 500 locations have also terms shall be shared
by Transaction been identified. With reference to the this, with on boarded
Advisor request clarification on: Transaction Advisor in
(a) What would be the scope of work due course.
of the advisor for these additional c) The key personnel for
locations. the project as stated in
(b) Since the PMU will be mobilized clause 7.2 will be
only during phase II, i.e after stationed by
completion of the transaction, Transaction Advisor
these sites would not be allotted with NAFED from the
to the advisor during phase I of beginning who will
the assignment. advise on various
(c) Will there be any additional matters relating to all
payment made to the TA for the properties under
additional sites. possession of NAFED or
otherwise including
500 additional
locations on
continuous basis. The
PMU role will be as per
scope of PMU for 16
locations defined in
RFP.
4. Scope of Act as Project In reference to response at sr. no 7 in the Bidder may estimate and
Services Monitoring Unit corrigendum, which states that under the include costs as part of bid.
3.1. during actual work PMU role, TA may have to travel to site.
6 to be undertaken by
Page 5 the agency/ We would like to request that at this point
concessionaire to of time, assessing the number of visits
be on-boarded required to the locations during the PMU
through tendering stage is not possible.
by Transaction
Advisor

5. Eligibility Clarification Both PPP based Transaction

Criteria regarding Eligible Response no. 16 and 17 of the Advisor assignment as well as
for the Assignment corrigendaprovide Eligible Assignments PMU Projects shall be treated as
Project shall be Similar PPP based TA assignment eligible assignments.
6.3 Whereas Response number 21 provides
Page 7 Eligible Assignments as PMU projects
 relating to Transaction Advisory /
Consultancy

Request you to please clarify the meaning

of Eligible Assignments.
6. Security “The successful No change.
Deposit bidder, within 5 Due to bank processes, issuance of Bank
(five) working days Guarantee takes at least 8/10 working days
Page 6 from the date of form the date of issuing the mandate to
acceptance of its the Bank. We request that the provision
offer, shall furnish may be modified to allow submission of
to NAFED a Security the Bank Guarantee within 10 working
Deposit of 10% of days of the issuance of the LoA.
bid value (inclusive
of GST applicable)
value in the form of
DD/RTGS/NEFT/Ban
k Guarantee only,
issued by a
scheduled bank in
India. EMD of the
successful bidder
already paid shall
be
returned/adjusted
with security
deposit (SD) by the
bidder.”
7. Key “CVs of key As per our assessment the assignment is Understanding is not in line with
Personnel personnel may be based on milestone upto the PMU stage Para 7.2 of RFP.
for the submitted in format and full-time deployment would be
Project given in Annexure 4. required only in the PMU stage.
(The NAFED will select Kindly confirm the understanding.
Team) the resources
7.2 through interview
Page 9 from the pool of
resources/ CVs to
be offered by the
agency to be
selected for the
purpose. Depending
on the request of
NAFED, the agency
will make available
necessary pool of
resources as and
when required, and
within a period of
15 days of such
request to be made
by NAFED”
8. Payment Deliverable A1 - It is our understanding that deliverable A1, Deployment to be done as per
Schedule Deployment of Key A2 and A3 do not require deployment of Para 7.2 and milestone A1 is
 Page 11 Technical resources resources at site. IN light of this linked to same.
Evaluation as per Para 5.2 understanding, deliverable A1 may be
of modified to
Financial Deliverable A1 - Deployment of resources
&
Technical
Proposal
9. Payment Based on our past experience we would Deliverable A2 is modified to
Schedule Deliverable like to state that the timelines mentioned T+60 days (Inception report
Page 11 Timeline are non-achievable and need relaxation. containing findings of feasibility
A1, A2 A1 Kindly consider the below timelines for studies and Market Intelligence
and A3 T+15 days each of the locations: and detailed work plan).
A2 Deliverable Timeline Delinking is clarified in S. No. 2
T +45 days A1 T+15 days of this corrigendum.
A3 A2 T +60 days
T+90 days A3 T+120 days
The above timelines are excluding any time
take by NAFED for approvals etc.

Further, we would request that the

timelines shall run independently for each
of the location so that any unforeseen
event related to a location does not
hamper the progress for other locations.
10. Payment 20% of the total fee We request the Authority to please No change.
Schedule is payable on increase the payment to at least 40% of
Page 11 completion of the the total fee for these two milestones as a
A1 and A2 two milestones. significantly large part of the consultant’s
efforts will be spend in these two stages
itself.
11. Payment Penalties will be The current provision mentions penalty of 2% per week of delay with a
Schedule leviable @ 2% of 2% of work value for delay or quality. We maximum of – 10% of bid value.
Page 11 work value for any request clarification on the time frame for
Para 10 delay in above which the penalty be applicable.
(b) timelines and
quality of
deliverables to be
defined as part of
work order.
12. Clause 19 The Service We humbly request the authority to Legal conditions will be part of
Indemnity Provider shall consider amending the clause as following: agreement
: indemnify NAFED
Page 14, and keep “The Consultant is liable to the Authority
15. indemnified against for the Services performed by the
any loss or damage, Consultant under the Agreement. Under
claims, no circumstance will the Consultant's
compensation, aggregate liability for all losses. damages,
penalty, fine, levies costs, expenses, liabilities and claims
etc. on account of ("together referred to as "Losses") ever
slackness, exceed the fees received by the Consultant
deficiency, failure to for the Service(s) to which the Losses
observe any relate”
obligations under
 the contract, failure
to comply with
statutory/mandator
y provisions
pertaining to the
contract by the
Service Provider in
respect of the
services provided
etc., whatsoever.

13. Key Legal Expert We humbly request the authority to Not accepted
Personnel Milestone A3: consider adding the following clause:
for the Project Monitoring “Since _______ is not authorized to engage
Project Unit/ Advisory itself on legal issues, it therefore has
(The services including subcontracted the work to
Team) legal advisory ___________(“Law Firm/ legal expert”) to
Page 8 address such parts of the scope of work
which require to be addressed from the
legal angle. In respect of all legal issues
concerning the Project/Contract, the
advice provided by the Law Firm/legal
expert would have to be relied upon by the
Client.”
14. Sector / Technical From the provision of the RFP we The profiles should be
Expert - CV to be understood that that the profiles of the submitted with bid as per
provided in Stage ii Sector / Technical Experts are not to be Performa in RFP.
depending upon the submitted in the bid and would be
sector of the submitted subsequently. However, as per
proposed project response number 36 of the corrigendum,
the profiles of the sector / technical expert
have to be submitted in the bid itself.

It is requested to kindly provide clarity on

the requirement for submission of the
profiles.
15. Key CVs of key The cited provision can be interpreted to One CV may be proposed in bid.
Personnel personnel may be mean that there is a requirement of Agency will be marked on the
for the submitted in format proposing multiple CVs for each position. same and will be liable to
Project given in Annexure Based on similar RFPs as well as guidance provide the resources, if
(The 4. NAFED will select document issued by DEA, only one CV is to selected.
Team) the resources be proposed for each position.
Page 9 through interview
from the pool of Request clarification on the provision on
resources/ CVs to whether one CV per position is required or
be offered by the more ?
agency to be
selected for the
purpose. Depending
on the request of
NAFED, the agency
will make available
necessary pool of
 resources as and
when required, and
within a period of
15 days of such
request to be made
by NAFED
16. Corrigend Total plot area - it is requested to please The Total plot area is in Square
um - list clarify whether the area mentioned in the feet
of 16 “Total Plot Area” column in Square Feet or
shortliste Square Meter.
d
properties
17. Corrigend Serial number 8 – We request clarity on the following: The location is a single premise
um - list NAFED cold (a) NAFED cold Storage, 2 numbers of and Transaction Advisor will
of 16 Storage, 2 numbers packhouse and 11 no’s collection submit feasibility for
shortliste of packhouse and centers are located withing a redevelopment of premise in a
d 11 no’s collection single plot of land or spread consolidated manner.
properties centers along with across the district.
motor vehicles at (b) The location details include motor
different locations vehicles – is the monetization of
in Chindwara. motor vehicles within the scope of
the TA.
We request you to kindly remove
the motor vehicles from the scope
of the TA>
18. Page 12 Submission It is requested that at least 7working days’ [11.1] revised.
Bidding of time be provided for submission of the Event Date & Time
Schedule Technical proposal after the issuance of the pre-bid Description
PPT+ responses. Submission of 17-01-2024
Financial Technical + (3:00 pm)
Quote Financial Bids
Technical Bid 17-01-2024
opening (3:30 pm)
Invitation for 19-01-2024
Presentation &
Financial bid
opening (Only
to technically
qualified
bidders)
Letter of Intent 23-01-2024
(LOI)
19. Page 9 NAFED will We request the Authority to clarify if the The total quoted price shall be
constitute a Financial Quote would include that of Transaction Advisor
8. Technical and applicable taxes (GST). (including taxes).
Evaluatio Financial
n of Evaluation
Financial Committee for the
& purpose of
Technical evaluation of bids
Proposal received against
this Request for
Proposal. The
Committee will
determine whether
the Financial &
Technical
Proposals are
complete,
unqualified, and
unconditional. The
costs indicated in
the Financial
Proposal shall be
deemed as final
and reflecting the
cost of respective
services.
Omissions, if any,
in costing any item
shall not entitle
the TA to be
compensated and
the liability to fulfill
its obligations as
per the TOR
within the total
quoted price shall
be that of the TA.

SD/-

Manager (IU)

NAFED