Activation Tenders

The bid notice states that assessment is based on audited annual financial statements and key financial ratios, with points awarded for financial ratios above industry benchmarks (10 points), meeting industry benchmarks (8 points), and marginal financial performance (5 points). Marginal financial performance is defined as at least 80% of the industry benchmark. Financial position considered unsustainable receives 0 points. The bid notice also mentions that during later phases, the ECDC intends to give preference to collaborations of investors who take on development partners using fair and transparent principles and that are engaged in long-term agreements which could sufficiently mentor and uplift the skills of the development partner such that they could be considered as a lead investor in future proposals.

The bid notice states that mandatory supporting documents include proof of funding raised, loan agreements or bond facilities, and in-principle funding letters. Financial health and sustainability are assessed based on audited annual financial statements and key financial ratios. It is also a requirement that entities that conduct business with government entities should be compliant in the following manner: be registered on CSD prior award and be tax compliant prior award.