Development and Management of Residential Facility

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EXPRESSION OF INTEREST FOR DEVELOPMENT AND MANAGEMENT OF RESIDENTIAL FACILITY FOR THE INVESTORS AND THEIR STAFF AT TIKOE INDUSTRIAL ESTATE

1.0        INTRODUCTION

The Lesotho National Development Corporation (LNDC) invites Expressions of Interest (EOI) from qualified Property Development companies with at least 51% Basotho shareholding to submit proposals to develop concept plan, design, construct and manage a block of flats at plot 12312-020 located within Tikoe Industrial Estate to accommodate investors and their staff.

2.0        BACKGROUND

The Lesotho National Development Corporation (LNDC) is a parastatal of the Government of Lesotho (GoL) charged with the mandate of initiating, promoting and facilitating investments with the goal of contributing to national economic growth and development. In its endeavor to achieve its mandate, the LNDC promotes Lesotho as an attractive and preferred investment destination to both domestic and foreign investors. This is done by developing lucrative incentive packages with the aim of making Lesotho more competitive in terms of investment attraction. Provision of subsidized factory space and serviced land are among the services that the LNDC provides to both the foreign and domestic investors. However, LNDC does not have accommodation facility to meet the needs of investors and their employees.

The LNDC intends to develop a piece of land within the Tikoe Industrial Estate into a residential facility. The proposed development will comprise fully furnished residential units of various sizes to accommodate LNDC investors and their employees.

 

3.0        SCOPE OF SERVICES

The LNDC requires competent and reputable Property Developers to submit proposals for development and management of dormitories with own designs, which will vary from 1 to 3-bedroom units. The identified area for the development is estimated at approximately 13, 000m2.

 

4.0        COMPULSORY SITE VISIT

A compulsory site visit and briefing shall be held on the 22nd June, 2018 at 10.00am.

 

5.0        DELIVERABLES

(i)         Detailed concept plan

(ii)         Preliminary design of various units

(iii)        Financial feasibility of the project illustrating expected investment and returns

(iv)        Preliminary construction cost estimate and programme

(v)        Proposed management model

 

The expressions of interest with supporting documents, including tax clearance certificate, traders’ license, proof of shareholding and nationality of shareholders should be addressed to:

The Chief Executive Officer

Private Bag A 96

Lesotho National Development Corporation

Development House Block A, Kingsway Mall

Maseru, Lesotho

 

6.0        COST OF TENDERING

Bidders shall bear all the costs associated with the preparation and submission of the proposal together with purchase of tender document at a price of M1,000.00 (Cash Only) each at LNDC offices Block A, Floor 6.

7.0        DISCLAIMER

LNDC shall not be bound to disclose reasons for rejecting or accepting any tender.

8.0        NOTICE OF AWARD

The contract will only be binding between the parties once the contract has been signed.

Request for Proposal bearing no identification of the company should be clearly marked “EXPRESSION OF INTEREST FOR DEVELOPMENT AND MANAGEMENT OF RESIDENTIAL FACILITY AT TIKOE INDUSTRIAL ESTATE” addressed and directed to:

Chief Executive Officer

Lesotho National Development Corporation

Block A, Level 7

Development House

Kingsway, Maseru

 

9.0        CLOSING DATE

The EOIs should be submitted in the tender box at:

Development House,

Block A, Level 7

on or before 6th July 2018 at 12 noon. These EOIs will be opened at 12:05hrs on the same day.

For enquiries; contact: Mr Moeketsi Khuele at khuele@lndc.org.ls  or Mr Mokenela Hlalele at hlalele@lndc.org.ls  or call +22312012

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