ANSWER FOR PROJECT QUERIES

1)Project Outline

1)Official name of project and owner/consultant organization

The Malaysian Government under Ministry Of Work & Ministry Of Finance
(MOF) has approved the budget to built New Transportation Centre For
The Township Of Ipoh, Perak Darul Ridzwan, Malaysia. Before the tender
is offer to public contractor, there are some negotiation to Selected
Contractor which Call :Direct Nego”. The chances to get the project under
“Direct Nego” project is more better than enter the public tender. Although
the process of “Direct Nego” was done, the tender still publish to Public
and the process is as usual. But at the end the Company which goes
through the “Direct Nego” will be awarded the project as long as they
follow the rules and requirement. Because of this project are P&C and
Pre-Awarded Project, There are no official name or title. But the project is
To Built New Transportation Centre For The Township Of Ipoh, Perak,
Malaysia. The Owner of the Company if the process “Direct Nego” is done
will be under Taqi Ventures Sdn Bhd (KUMRUNG JV CO. IN
MALAYSIA)The Consultant Organisation Name also hide and Un-disclose.

2)Project cost/construction cost

The project Cost is RM1Billion ++ . The Construction Cost for “Direct Nego”
Project is Usually 40% below Project Cost. Approximately RM600M ++

3) Construction size
(Will be disclosed in “Direct Nego” Process)

4)Construstion Period
(Will be disclosed in “Direct Nego” Process – may be 2 years / 3 years)

5)Drawing and description

(Will be disclosed in “Direct Nego” Process)

6)Landlord of project site, approval document/stakeholder,

location of land, site status
(Will be disclosed in “Direct Nego” Process)

2)Business conditions
 (Will be disclosed in “Direct Nego” Process)

1)LOI issue to be a preferred bidder is needed

(Will be disclosed in “Direct Nego” Process)

1)Owner’s budget and source of fund

(RM600M / Local Bank or International Bank (overseas)

2)Possibility of profit repatriation

(Usually the “Direct Nego” Project profit margin very high and protect by the
government of Malaysia)

3)Advance payment condition

MOF will issue Mobilization Payment 15% upon starting the job after all the
Government Guarantee Bond (5%) is paid by the Company

FIDIC contract base (all will discuss in Negotiotion)

1.Approval /permission current status

1)Principal agent for approval/permission and current status
2)Status of architect
3)Design development schedule
4)Tender schedule and construction progress plan

1.Contract progress status

1)Is there prequalification?

Yes
2)Type of tender: public tender, private tender, private contract
Public tender under Direct Negotiation
3)Type of procurement: turn-key, traditional contract
Traditional under progress payment
4)Confirm payment guarantee for construction fee
Yes, under MOF of Malaysia
5)Scope of a contract and main work scope
(all will be discussed in Negotiation process)