Development of Signature Tower at Madhurawada on Public ... · GO 168 of the Government of Andhra...

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Development of Signature Tower at Madhurawada on Public-Private Partnership in Visakhapatnam, Andhra Pradesh, India October 12, 2015

Request for Proposal

Volume 3: Project Information Memorandum

Andhra Pradesh Industrial Infrastructure Corporation Limited Parisrama Bhavanam, 6

th Floor, 5-9-58/B, Fateh Maidan Road,

BasheerBagh, Hyderabad - 500004. Ph: +91 40 2323 7622, Fax: +91 40 2323 3251

Internet: www.apiic.in

Development of Signature Tower at Madhurawada on PPP Mode Volume 3 Location: Visakhapatnam, Andhra Pradesh, India Project Information Memorandum

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TABLE OF CONTENTS

PROJECT SUMMARY

1.0 PROJECT SITE ....................................................................................................... 9

1.1 LOCATION ............................................................................................................. 9

1.2 DETAILS OF THE PROJECT SITE ............................................................................. 9

2.0 PRODUCT MIX AND CONCEPTUAL MASTER PLAN FOR PHASE - 1 DEVELOPMENT ...... 10

2.1 DEVELOPMENT STRATEGY ................................................................................... 10

2.2 CONCEPTUAL MASTER PLAN ............................................................................... 11

3.0 DEVELOPMENT ACTIVITIES ................................................................................... 15

3.1 MINIMUM DEVELOPMENT OBLIGATIONS ................................................................ 15

3.2 AUXILIARY ACTIVITIES ......................................................................................... 15

3.3 PROHIBITED ACTIVITIES ....................................................................................... 15

3.4 TECHNICAL SPECIFICATIONS OF THE BUILDING ..................................................... 15

3.5 PROJECT COST ESTIMATE FOR PHASE - 1 DEVELOPMENT .................................... 18

LIST OF ABBREVIATIONS ACP Aluminum Composite Panel

APIIC Andhra Pradesh Industrial Infrastructure Corporation

ASHRAE American Society of Heating, Refrigerating, and Air-Conditioning Engineers

BMS Building Monitoring System

CCTV Close Circuit Television

COD Commercial Operation Date

COP Coefficient of Performance

F&B Food and Beverages

GO Government Order

GoAP Government of Andhra Pradesh

IT Information Technology

ITES Information Technology Enabled Services

KV Kilo Volt

LPG Liquefied Petroleum Gas

NBC National Building Code of India

PPP Public Private Partnership

RCC Reinforced Cement Concrete

RFP Request For Proposal

SEZ Special Economic Zone

SPC Special Purpose Company

STP Sewerage Treatment Plant

UPS Un-interrupted Power Supply

VUDA Visakhapatnam Urban Development Authority


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CONVERSION OF UNITS

1 hectare 2.4711 acres

1 acre 43559.66 sq. ft.

1 acre 4046.9 sq. m

1 acre 4839.963 sq. yards

1 sq. km 247.11 acres

1 sq. m 10.764 sq. ft.

1 meter 3.28 ft.

1 meter 1.09361 yards


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PROJECT SUMMARY

Particulars Description

Name of the Project Development of Signature Tower at Madhurawada Visakhapatnam, Andhra Pradesh, India (hereinafter referred to as ‘Project’)

Nodal Agency Andhra Pradesh Industrial Infrastructure Corporation Limited (hereinafter referred to as ‘Authority’)

Land Area Total land area earmarked by the Authority is approximately 72,788 sq. m. (17.98 acres) and the development is envisaged in two phases. Phase-wise land area break-up is given below:

Phase 1: 32,375 sq. m. (approximately 8 acres)

Phase 2: 40,402 sq. m. (approximately 9.98 acres)

Please note that the scope of this RFP document is only Phase - 1 of the Project, which is being proposed on approximately 8 acres land with about 905,297 sq. ft. of built up area and corresponding 1,350 car parking units. However, the bidder may choose to bid for the entire 17.98 acres comprising both Phase - 1 and Phase - 2.

Project Components Mandatory Activities: IT Office / Commercial Office space, Business Centre, Meeting Rooms/ Conference Rooms along with minimum Car Parking as per the development control regulations mentioned in GO 168 of the Government of Andhra Pradesh.

Auxiliary Activities: Support Retail, Food & Beverages Facilities, Business Hotel/ Serviced Apartments and Open Air Theatre/ Amphitheatre along with minimum Car Parking as per the development control regulations mentioned in GO 168 of the Government of Andhra Pradesh.

Prohibited Activities: Prohibited activities means use of any built up space for the purposes directly or indirectly, as Residential, Hospital, Warehousing, Car Showrooms, Industrial Activities, Automobile-repair/ services/ vehicular servicing shops, LPG Godowns, Petrol Bunk, any trade or activity involving any kind of obnoxious, hazardous, inflammable, non-compatible and polluting substance or process.

Estimated Project Cost

The project cost is estimated at Rs 291.17 Crores including interest during construction but excluding land cost for Phase - 1 of the Project. The assessment of actual costs, however, will have to be made by the Bidders.

Development / Implementation Format

On Public-Private-Partnership (PPP) format -- design, build, finance, operate and transfer (DBFOT) the Project as per the terms and conditions of the Concession Agreement to be signed between the Preferred Bidder and the Authority.

Institutional Structure

Single Entity or a group of entities (Consortium)

Consortium members not to exceed maximum of 3 (three) members


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Preferred Bidder shall form a Special Purpose Company (SPC) for accepting the Letter of Award. SPC shall enter into Concession Agreement with the Authority

In case the Selected Bidder is a Consortium:

o The members of the Consortium whose experience will be evaluated for the purposes of this RFP document, shall subscribe to at least 26% (twenty six percent) or more of the paid up and subscribed equity of the SPC at all times, i.e. 8 years from signing of concession agreement or 2 years from the Commercial Operation Date of the Project, whichever is later.

o The members of the Consortium shall collectively hold at least 51% (fifty one per cent) of the subscribed and paid up equity of the SPC at all times, i.e. 8 years from signing of concession agreement or 2 years from the Commercial Operation Date of the Project, whichever is later.

o The Lead Member shall hold at least 26% (twenty six percent) of the subscribed and paid up equity share capital of the SPC throughout the Concession Period and the Lease Period.

o The Bidder further acknowledges and agrees that the aforesaid obligation shall be the minimum, and shall be in addition to such other obligations as may be contained in the Concession Agreement, and a breach hereof shall, notwithstanding anything to the contrary contained in the Concession Agreement, be deemed to be a breach of the Concession Agreement and dealt with as such thereunder. For the avoidance of doubt, the provisions of this Clause shall apply only when the Bidder is a Consortium.

In case the Selected Bidder is a Single Entity:

o Bidder shall hold at least 51% (fifty one percent) of subscribed and paid up equity share capital of the SPC at all times, for a minimum period of 5 (five) calendar years from the date of signing of the Concession Agreement or 2 (two) calendar years from the date of commercial operation, whichever is later.

o Bidder shall hold at least 26% (twenty six percent) of subscribed and paid up equity share capital of the SPC thereafter, throughout the Concession Period and Lease Period.

Bid Parameter The bid parameter shall be the highest Concession Payment, not less than the Minimum Reserve Concession Payment, which is fixed at Rs. 386 per sq. m. of land which translates to 1.25 Crores (Rupees One Crore Twenty Five Lakhs Only) for Phase 1 and Rs. 2.80 Crores (Rupees Two Crores Eighty Lakhs Only) for the entire development.

Any bids quoting less than the Minimum Reserve Concession Payment shall be considered non-responsive and rejected.

Structure The SPC shall enter into a Concession Agreement with the


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Authority for a period of 8 (eight) calendar years or 6 (six) calendar years post Commercial Operation Date (COD), whichever is later.

After the expiry of the Concession Period, the Authority and the Concessionaire will sign a Lease Agreement for a period of 30 (thirty) calendar years in the form provided by the Authority as part of the Bidding Documents pursuant hereto.

Annual Lease Rent Annual Lease Rent of Rs. 815 (Rupees Eight Hundred Fifteen Only) per sq. m. of land area plus applicable taxes (hereinafter referred to as the ‘Annual Lease Rent’) to the Authority for the entire year beginning the commencement of Lease Period. This Annual Lease Rent is payable for the first year after the signing of the Land Lease Agreement

The Annual Lease Rent shall be subject to an increase at the rate of 10% (ten percent) every 5 (five) years from the commencement date of the Lease Period, during the entire term of the Lease Agreement.

Land Lease Rent and subsequent escalation above is worked out on the basis of GO Ms. No. 571 dated 14/09/2012, of the Government of Andhra Pradesh, for prevailing Market Value for the Project Site (IT Non-SEZ, Hill No. II & III, Madhurawada) of Rs. 6,720 per sq. m., escalated twice at 10% for time duration of the Concession Period.

Construction Period and Commercial Operation Date

The SPC shall complete plan preparation, execution drawings, secure all approvals & clearances including financial closure and mobilization of all resources within 3 (three) calendar months from the date of signing the Concession Agreement

The SPC shall complete construction of all mandatory activities and proposed auxiliary activities within 18 (eighteen) calendar months from the date of signing the Concession Agreement and achieve COD

Eligibility Criteria The Bidder may be a single entity or a group of entities (the “Consortium”)

A single entity Bidder shall either be a company incorporated under the Indian Companies Act, 2013 or a body corporate incorporated under the applicable laws of its origin

in case of a Consortium, each of the entities forming the Consortium (the “Member(s)”) shall either be a company registered under the Indian Companies Act, 2013 or a body corporate incorporated under the applicable laws of its origin.

Threshold Technical Capacity

For demonstrating technical capacity and experience (the “Technical Capacity”), the Bidder shall meet the requirements set out below (the “Threshold Technical Capacity”).

o The Bidder shall have minimum of 5 (five) years of experience demonstrated through audited financial statements;

o Development and/or Construction experience of a Single


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Project of Rs. 200 Crore (Rupees Two Hundred Crore); or

o Development and/ or Construction experience in Projects totaling to at least Rs. 300 Crore (Rupees Three Hundred Crore) with the minimum project cost being at least Rs. 100 Crore (Rupees One Hundred Crore) of each project

For the purpose of this RFP document, Project here means IT Parks / Commercial Office Buildings/ Hotel (Not less than 3-Star Category as per the definition of Ministry of Tourism, Government of India), Commercial Complex, Retail Space, Business Centers, etc.

Financial Capacity For demonstrating financial capacity in terms of turnover and net worth (the “Financial Capacity”), the Bidder shall meet the requirements set out below (the “Threshold Financial Capacity”).

o The Bidder shall demonstrate the financial turnover as per the formula ‘2*A*n-B >= Project Cost’ wherein A represents maximum annual turnover achieved over last 5 years, for which audited financial statements are available; n represents construction period in years (i.5 years in the case of present Bid); and B represents Volume of Ongoing Works in Hand. The Bidder to submit a declaration on the Volume of Ongoing Works in Hand, duly certified their Statutory Auditor. For the purpose of assessment, Project Cost should be taken as Rs. 300 Crores including interest during construction but excluding land cost.

o In case of Consortium, the aggregate financial turnover of the consortium members (maximum 3 members) should satisfy the formula ‘2*A*n-B >= Project Cost’.

o For the purpose of computation of financial turnover under this RFP document using the formula 2*An-B, only construction / development works shall be considered.

o The Bidder shall have a minimum Net Worth (the “Financial Capacity”) of Rs. 100 Crore (Rupees Hundred Crore) as at the close of the preceding financial year, for which audited financial statements are available i.e. 31 March 2014.

o In case of Consortium, the aggregate Net Worth of the consortium members (maximum 3 members) should add up to Rs. 100 Crore (Rupees Hundred Crore) as at the close of the preceding financial year, for which audited financial statements are available i.e. 31 March 2014.

Bid Submission Envelope 1: Key Submission

Envelope 2: Technical Bid comprising all duly filled up formats as specified in the RFP documents including Master Plan, Product Mix, Concept Plan including, but not limited to salient features of the architecture, elevation section, perspective views, etc., project cost estimate, technical specifications, implementation schedule, marketing plan, etc. for assessment as per Appendix - IV of the Volume 1

Envelope 3: Financial Bid comprising Price Bid Letter, detailed


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financial workings including soft copy of the Business Plan.

Selected Bidder shall adhere to the Master Plan, Product Mix, Concept Plan etc. submitted as part of Technical Bid under Appendix - IV while finalizing the same for implementation. However, the Selected Bidder shall be encouraged to improve upon the same in mutual consultation with the Authority,

Cost of RFP Document

Rs. 20,000/- (Rupees Twenty Thousand Only) in the form of demand draft / pay order issued by a nationalized bank, or a Scheduled Bank in India

Bid Security Rs. 3,00,00,000/- (Rupees Three Crores Only), payable in the form of demand draft / bank guarantee issued by a nationalized bank, or a Scheduled Bank in India

Performance Security

Rs. 15,00,00,000/- (Rupees Fifteen Crores Only), payable in the form of demand draft / bank guarantee issued by a nationalized bank, or a Scheduled Bank in India. Performance Security to be payable by the Preferred Bidder along with acceptance of the Letter of Award. Performance Security to be valid for the entire Concession Period.

Schedule As given in the Volume 1 of the Request for Proposal document


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1.0 PROJECT SITE

1.1 LOCATION The Project Site is located in the Visakhapatnam City, the largest city in the state of Andhra Pradesh, India. The city is well connected with other parts of the state and country by road, rail and air. NH-5 (New NH-16) passes through the city connecting the city with major cities like Chennai, Vijayawada, Bhubaneswar and Kolkata. Visakhapatnam International Airport has direct flights international destinations like Kuala Lumpur, Singapore and Dubai. A new international airport is being proposed at Bhogapuram about 38 km from the Project site. The Project Site is located amidst Madhurawada IT SEZ on Hill No. 3 within the Visakhapatnam City and forms part of the planning jurisdiction of the Visakhapatnam Urban Development Authority (VUDA). The Project Site admeasures approximately 72,788 sq. m (17.98 acres) with Phase - 1 admeasuring 32,375 sq. m. (8 acres) and Phase - 2 40,402 sq. m. (9.98 acres).. The map below presents geographic location of the Project Site.

1.2 DETAILS OF THE PROJECT SITE The Project Site is accessible from an existing 80 feet wide road. Some of the salient features of the Project Site are summarized in the table in the following page.

Area Total land area earmarked by the Authority is approximately 72,788 sq. m. (17.98 acres). Phase-wise land area break-up is given below:

Phase - 1: 32,375 sq. m. (approximately 8 acres)

Phase - 2: 40,402 sq. m. (approximately 9.98 acres)

Access Existing 80 feet wide SEZ Road, which will be de-notified from SEZ status

Shape Polygonal


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Visibility Visible from existing 80 feet road and from bottom of Hill No. 3

Contiguity Contiguous

Topography Highly Contoured

The Project Site photographs are given below.

Different Views of Project Site

Different Views of Access Road

2.0 PRODUCT MIX AND CONCEPTUAL MASTER PLAN FOR

PHASE - 1 DEVELOPMENT

2.1 DEVELOPMENT STRATEGY Based on the international benchmarking of iconic structures, the proposed Signature Towers at the Project Site is envisaged to be positioned as the destination for IT development in Visakhapatnam. The table below presents the product mix rationale used to develop the Signature Towers at the Project Site under the Phase - 1.

Product Mix / Activity Mix Built-Up Area (sq. ft.)

Parking Area (sq. ft.)

No. of Car Parking Units

Commercial / Office for IT-ITES Use 791,960 435,578 1,197

Support Retail and F&B 80,802 44,441 122


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Conference / Meeting Rooms 21,405 7,063 19

Business Center 11,130 3,673 10

Total 905,297 490,755 1,348

It may be noted that the overall land extent available at the Project Site is approximately 72,788 sq. m. (17.98 acres) and the development is envisaged in two phases. Above development mix is envisaged as Phase - 1 development spread over approximately 32,375 sq. m. (approximately 8 acres) of land. The Authority has earmarked balance 40,402 sq. m. (approximately 9.98 acres) of land extent for Phase - 2 development. While this RFP document is for the Phase - 1 of the Project, the bidder may choose to bid for the entire 17.98 acres comprising both Phase - 1 and Phase - 2.

2.2 CONCEPTUAL MASTER PLAN The Authority has appointed Jones Lang LaSalle Property Consultants (India) Private Limited as Project Advisor to the Authority (hereinafter referred to as ‘Project Advisors’). The Project Advisors have prepared the illustrative Concept Plan for the Project. The thought process and the artistic impression of the proposed Signature Tower Project prepared by the Project Advisors are presented below.

Design Concept Development


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Site Plan of the Project Site

Thought Process for Development of the Project Site


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Artistic View of the Proposed Development of the Project Site

Artistic View of the Proposed Development of the Project Site


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Artistic View of the Proposed Development of the Project Site (Phase 1 & 2)


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3.0 DEVELOPMENT ACTIVITIES (PPP) format -- design, build, finance, operate and transfer the Project as per the terms and conditions of the Concession Agreement to be signed between the Preferred Bidder and the Authority

3.1 MINIMUM DEVELOPMENT OBLIGATIONS Minimum development obligations is development of at least 800,000 sq. ft. of commercial / office space for IT and ITES activities. In addition, the Project should have Business Centre, Meeting Rooms/ Conference Rooms along with minimum Car Parking as per the development control regulations mentioned in GO 168 of the Government of Andhra Pradesh. Minimum technical specifications of the buildings are given under Section 3.4 below.

3.2 AUXILIARY ACTIVITIES Auxiliary activities envisaged in the Project include Support Retail, Food & Beverages Facilities, Business Hotel/ Serviced Apartments and Open Air Theatre/ Amphitheatre along with minimum Car Parking as per the development control regulations mentioned in GO 168 of the Government of Andhra Pradesh.

3.3 PROHIBITED ACTIVITIES Prohibited activities means use of any built up space for the purposes directly or indirectly, as Residential, Hospital, Warehousing, Car Showrooms, Industrial Activities, Automobile-repair/ services/ vehicular servicing shops, LPG Godowns, Petrol Bunk, any trade or activity involving any kind of obnoxious, hazardous, inflammable, non-compatible and polluting substance or process.

3.4 TECHNICAL SPECIFICATIONS OF THE BUILDING The table below outlines minimum technical specifications to be complied in the Project.

Sl. Item Technical Specification

1. Civil and Other Related Works

Structural Design: The structure shall be designed as cyclonic storm resistant and earthquake resistant structures using relevant Indian standards specified by Bureau of Indian Standards (BIS) and/or National Buildings Construction Corporation (NBCC)

Structural Framing System: Framed Structure with RCC columns and RCC / Flat Slabs with - structural spans to be suitably determined keeping in mind the land profile and the floor plate size. A structural span of minimum of 11.20 m c/c with floor-to-floor height of 4.2 m shall be maintained in office floors and 3.4 m in parking floors.

Exterior and Building Envelope: The exterior building envelope should be high performance curtain wall system with vision panels and spandrel. The north and south faces of the building to be clad in Aluminum composite panels mounted on a steel frame structure. On the interior face the ACP panels to be insulated and finished in 15 mm thick gypsum panels.

Floor Loading (including both Live Load and Dead Load)

o Office space and usable areas should be designed with floor loading of minimum of 650 kg/ sq. m.

o Provision for UPS & Server Room and Storage Areas


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should be done in pre-identified location, should be designed with floor loading of minimum of 750 kg/ sq. m.

o Car parking floors should be designed with floor loading of minimum of 650 kg/ sq. m.

Office Floor Finishes: RCC slab with 75 mm of lightweight concrete should be used. This does not include 25 mm screed for final finished floor.

Floor Finishes for Restrooms: Restrooms to be finished in 8 mm thick; 600 mm X 600 mm rectified vitrified tiles.

Floor Finishes for Food Court: Floors to be finished in 20mm thick absolute black granite with brushed finish.

Entrance Lobby, Floor Lift Lobbies Floor and Walls: Combination of Italian marble inlay/ granite / ceramic/vitrified tiles.

Staircases: Staircase to be provided as per relevant Indian standards specified by BIS and/or NBCC and local fire norms. All the staircases to be finished with Kota stone / granite / or equivalent up to second floor. Fire doors shall be of proprietary make and shall confirm to applicable local fire regulation code (two hour fire rated) or NBCC with panic bars only for doors from lobby to staircases and refuge areas.

Elevators: Adequate numbers of passenger elevators of 20 passenger capacity and adequate number of service elevators.

2. Mechanical Systems

Central chilled water system with high efficiency centrifugal water chillers of adequate COP at 0.576 KW/TR supplying chilled water to air handling units to maintain office space at 23 (+ or -1) degrees C, relative humidity not exceeding 60% for office areas. The whole system is to be installed and monitored by the Building Management System. It should meet ASHRAE 2.4 standards with energy saving features.

In order to meet 24 hour air conditioning requirements for server rooms, condensed water lines with tapping arrangements are to be provided at every floor that can maintain temperatures for 18-19 degree C.

Adequate number of air handling units to be provided to carry air conditioning load for the floor.

Primary pumping with variable speed drives are to be provided with pump efficiency at 80%.

Treated fresh air with heat recovery wheel at 75% efficiency to be provided.

Car park levels to be mechanically ventilated for normal and emergency use. This system is to be monitored through CO and CO2 sensors.

Internal staircases, elevator lobbies and elevator shafts to be pressurized to ensure a safe escape route in case of an emergency.

3. Electrical Systems

Power supply to be is via 2 Nos. of 33 kV supply lines from APTRANSCO’s main 220 kV substation.

Power supply should be stepped down to 415 volts (+-6%) by means of distribution transformers located in each building. The frequency is to be maintained at 50Hz +-5%.

Suitable capacity transformers to be installed.


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Electrical service at typical floors should be: 1.5 watts per square foot plug load and watts per square foot lighting load.

Energy Efficient T5 lamps with electronic ballast to be provided to achieve illumination levels of 300 lux for service areas, 200 lux for corridors and 100 lux for staircases and parking areas.

Emergency lighting is to be provided in all areas, escape routes, staircases, and podium parking levels to ensure a minimum lighting level for safety during emergencies.

100% Power backup is to be provided with DG sets of a required capacity and numbers, to ensure a reliable power network for the entire complex. Maintain N+1 redundancy over the duration of operation.

4. Building Monitoring System

Building services to be monitored 24/7 through the BMS. The BMS should control and manage the air conditioning system for efficient energy use, fine tuning the control system to meet set environmental conditions.

The BMS should also monitor fire protection system, water level status with continuous status reporting for immediate corrective action whenever required.

CCTV cameras to be provided at the common areas such as entry, exit, Parking IN, parking OUT along with coverage of all service areas such as chiller plant room, D.G. yard, etc. and monitoring to be done from the BMS Room.

5. Water Supply System

Primary water supply source should be the municipal water or private water sources. Bore wells are not permitted on the Project Site. Emergency supply can be provided through water tankers.

Water supply tap off should be available at every office level.

6. Sanitary System

Treated effluent water from the sewage treatment plant to be used for the cooling tower and to irrigate the garden and landscape area as and when desirable.

Sanitary, Plumbing, Drainage and Sanitation facilities are to be provided as per relevant Indian standards specified by BIS and/or NBCC and local fire norms.

7. Effluent System A Sewage treatment plant (STP) of required capacity for Phase I to be installed to meet pollution control norms -- which is the mixed bed reactor.

8. Fire Safety and Fighting System

Fire Safety Standards shall be as per relevant Indian standards specified by BIS and/or NBCC and local fire norms.

Single layer of automatic sprinkler system with dedicated water storage tanks to be installed as per fire regulations.

Fire hose reels and portable fire extinguishers to be installed through the parking levels and office levels in common areas for first line firefighting purposes.

A fully addressable automatic/manual fire alarm system to be provided which is continuously monitored at the fire Command center.

A Fire Command center off the man lobby, fireman talk back system, wet rising mains and yard hydrants to be provided as an integral part of the fire-fighting and control system.

All electrical risers, plant/electrical rooms and Air Handling units


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are to be provided with smoke detectors.

All doors installed are to be fire rated as per norms. Pipes crossing walls and slabs to be sealed with fire retardant sealants. Ducts crossing walls and floors are to be provided with combined.

Sprinkler Bulb trigger temperature to be maintained at 68 degree centigrade

9. Communication Systems

RCC Hume pipes in different directions for routing a minimum number of Telecom/Data cables (from Service Providers) from main road to proposed building.

Separate vertical shafts with cut-outs to be provided in RCC slabs at all levels for routing cables. Intercom facility from the entrance lobby to BMS room of the building to be provided.

10. Adherence to Sustainability Aspects

The building is to be designed to save almost 30% in energy consumption and ensure higher comfort levels for office workers over the average office building. Key elements of energy efficient design are:

Building is to be designed so that 95% of the floor plate receives natural daylight.

Curtain wall (if installed) should have insulated spandrel panels and high performance glass with low E values to ensure minimum heat transmission through building envelope.

High COP centrifugal chillers to be installed.

Treated fresh air and heat recovery wheel to be installed

Wastewater is to be treated to tertiary standards and reused for chillers and irrigation.

Water efficient low flow fixtures to be used.

Rain water harvesting bore-wells to be provided replenish the local water table.

3.5 PROJECT COST ESTIMATE FOR PHASE - 1 DEVELOPMENT The Project Cost is estimated at Rs. 291.17 Crores for Phase - 1 development. The table below provides indicative the break-up of the estimated Project Cost:

Sl. Particulars Estimated Project Cost (Rs. Crores)

1. Commercial / Office for IT-ITES Use 229.42

2. Support Retail and F&B 25.17

3. Conference / Meeting Rooms 5.82

4. Business Center 5.81

Total Development Cost 266.22

Add: Interest during Construction 24.96

Total Estimated Project Cost * 291.17

* Above Project Cost Estimate does not include the cost to be incurred for providing external trunk infrastructure, which shall be undertaken by APIIC. The assessment of actual costs, however, will have to be made by the Bidders.


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DISCLAIMER

The information contained in this Request for Proposal document or subsequently provided to Bidder(s), whether verbally or in documentary or any other form by or on behalf of the Andhra Pradesh Industrial Infrastructure Corporation Limited or any of their employees or advisors, is provided to Bidder(s) on the terms and conditions set out in this Request for Proposal document and such other terms and conditions subject to which such information is provided. This Request for Proposal is not an agreement and is neither an offer nor invitation by the Andhra Pradesh Industrial Infrastructure Corporation Limited to the prospective Bidders or any other person. The purpose of this Request for Proposal document is to provide interested parties with information that may be useful to them in preparing their bids (‘Bids’) including all the necessary submissions and the financial offers pursuant to this Request for Proposal document. This Request for Proposal document includes statements, which reflect various assumptions and assessments arrived at by the Andhra Pradesh Industrial Infrastructure Corporation Limited in relation to the Development of Signature Tower at Madhurawada, Visakhapatnam, Andhra Pradesh, India (‘Project’). Such assumptions, assessments and statements do not purport to contain all the information that each Bidder may require. This Request for Proposal document may not be appropriate for all persons, and it is not possible for the Andhra Pradesh Industrial Infrastructure Corporation Limited, its employees or advisors to consider the investment objectives, financial situation and particular needs of each party who reads or uses this Request for Proposal document. The assumptions, assessments, statements and information contained in this Request for Proposal document may not be complete, accurate, adequate or correct. Each Bidder should, therefore, conduct its own investigations and analysis and should check the accuracy, adequacy, correctness, reliability and completeness of the assumptions, assessments, statements and information contained in this Request for Proposal document and obtain independent advice from appropriate sources. Information provided in this Request for Proposal document to the Bidder(s) is on a wide range of matters, some of which depends upon interpretation of law. The information given is not an exhaustive account of statutory requirements and should not be regarded as a complete or authoritative statement of law. The Andhra Pradesh Industrial Infrastructure Corporation Limited accepts no responsibility for the accuracy or otherwise for any interpretation or opinion on law expressed herein. The Andhra Pradesh Industrial Infrastructure Corporation Limited, its employees and advisors make no representation or warranty and shall have no liability to any person, including any Bidder under any law, statute, rules or regulations or tort, principles of restitution or unjust enrichment or otherwise for any loss, damages, cost or expense which may arise from or be incurred or suffered on account of anything contained in this Request for Proposal document or otherwise, including the accuracy, adequacy, correctness, completeness or reliability of the Request for Proposal document and any assessment, assumption, statement or information contained therein or deemed to form part of this Request for Proposal document or arising in any way during the Bidding Process. The Andhra Pradesh Industrial Infrastructure Corporation Limited does not accept any liability of any nature whether resulting from negligence or otherwise howsoever caused arising from reliance of any Bidder upon the statements contained in this Request for Proposal document. The Andhra Pradesh Industrial Infrastructure Corporation Limited may in its absolute discretion, but without being under any obligation to do so, update, amend or supplement the information, assessment or assumptions contained in this Request for Proposal document. While efforts will be made to issue public notice of such amendment/supplement, bidders are advised to follow the Andhra Pradesh Industrial Infrastructure Corporation Limited’s website (http://www.apiic.in/) on a regular basis. The issue of this Request for Proposal document does not imply that the Andhra Pradesh Industrial Infrastructure Corporation Limited is bound to select a Bidder or to appoint the Selected Bidder or Concessionaire, as the case may be, for the Project and the Andhra Pradesh Industrial Infrastructure Corporation Limited reserves the right to reject all or any of the Bidders or Bids without assigning any reason whatsoever. The Bidder shall bear all its costs associated with or relating to the preparation and submission of its Bid including but not limited to preparation, copying, postage, delivery fees, expenses associated with any demonstrations or presentations which may be required by the Andhra Pradesh Industrial Infrastructure Corporation Limited or any other costs incurred in connection with or relating to its Bid. All such costs and expenses will remain with the Bidder and the Andhra Pradesh Industrial Infrastructure Corporation Limited shall not be liable in any manner whatsoever for the same or for any other costs or other expenses incurred by a Bidder in preparation or submission of the Bid, regardless of the conduct or outcome of the Bidding Process.

http://www.apiic.in/


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Andhra Pradesh Industrial Infrastructure Corporation Limited Parisrama Bhavanam, 6

th Floor, 5-9-58/B, Fateh Maidan Road, BasheerBagh, Hyderabad - 500004.

Ph: +91 40 2323 7622, Fax: +91 40 2323 3251 Internet: www.apiic.in

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