vol. 3(dpwh procurement local)

8/8/2019 Vol. 3(DPWH Procurement Local)

1/75

Q h t r RI

P p i r ! $ 9 Q X C H h h y s Q p r q r s u r Q p r r s G p h y y A q r q D s h p r Q w r p

u t u Q i y v p 7 v q q v t

92/80(,,,

'3:+0$18$/2)

352&('85(6)257+(352&85(0(172)/2&$//


2/75

Q h t r RI



92/80(,,,'3:+0$18$/2)352&('85(6)257+(352&85(0(172)/2&$//


3/75

Q h t r RI



67(3$'9(57,6($1'3267$1,19,7$7,2172$33/


4/75

Q h t r RI



'HILQLWLRQDQG&RPSRQHQWVRI%LG &RQWHQWVRIWKH7HFKQLFDO3URSRVDORIWKH%LG

&RQWHQWVRIWKH)LQDQFLDO3URSRVDORIWKH%LG

'HILQLWLRQRI%LG6HFXULW\

)RUPVDQG$PRXQWVRI%LG6HFXULW\

3HULRGRI9DOLGLW\RI%LGVDQG%LG6HFXULW\

5HWXUQRI%LG6HFXULWLHV)RUIHLWXUHRI%LG6HFXULW\

7LPH)UDPHIRU5HFHLSWRI%LGV

&KHFNOLVWRI7HFKQLFDODQG)LQDQFLDO3URSRVDOV

IRUWKH%LGV

2QHRU1R(OLJLEOH%LGGHU

1RQ&RPSOLDQFHZLWK7HFKQLFDODQG)LQDQFLDO

5HTXLUHPHQWV

6XEFRQWUDFWLQJ

3URFHGXUH5HFHLYHDQG2SHQWKH7HFKQLFDODQG)LQDQFLDO

3URSRVDOV

67(3(9$/8$7(7+(%,'6 /HJDO5HIHUHQFH

3ROLFLHVDQG*XLGHOLQHV

3XUSRVHRI%LG(YDOXDWLRQ

&ULWHULDIRU(YDOXDWLRQRI%LGV

7LPH)UDPHIRU%LGV(YDOXDWLRQ

1RQ$FFHSWDQFHRI$ULWKPHWLFDO&RUUHFWLRQVLQ

WKH%LG

1R&RPSO\LQJ%LG 3URFHGXUH(YDOXDWHWKH%LG

67(3326748$/,)


5/75

Q h t r RI



)RUPVDQG$PRXQWVRI3HUIRUPDQFH6HFXULW\ &RQGLWLRQVRI3HUIRUPDQFH6HFXULW\

&KDQJHLQ3HUIRUPDQFH6HFXULW\ZLWK&KDQJHLQ

&RQWUDFW3ULFH

5HOHDVHRI3HUIRUPDQFH6HFXULW\

&RQWUDFW6LJQLQJ

5HIXVDORU,QDELOLW\RI%LGGHUZLWKWR3RVWWKH3HUIRUPDQFH6HFXULW\DQG6LJQWKH&RQWUDFW

&RQWUDFW$SSURYDO

1RWLFHWR3URFHHG

&RQWUDFW(IIHFWLYLW\

3URFHGXUH+DYHWKH&RQWUDFW)LQDOL]HG6LJQHGDQG

$SSURYHGDQG,VVXH173

5(6(59$7,21&/$86(

/HJDO5HIHUHQFH


5LJKWRI3URFXULQJ(QWLW\WR5HMHFW%LGV'HFODUH

D)DLOXUHRIELGGLQJRU1RW$ZDUGWKH&RQWUDFW

,QVWDQFHVRI%$&1RW)ROORZLQJ3URFHGXUHV

%,'',1*2)3529,1&,$/352-(&76

/HJDO5HIHUHQFH


'HILQLWLRQRI3URYLQFLDO3URMHFWV

5XOHVRQ3URFXULQJ3URYLQFLDO3URMHFWV

5HTXLUHPHQWIRU$GYHUWLVHPHQWDQG3RVWLQJRI2SSRUWXQLWLHVIRU3URYLQFLDO3URMHFWV

7$%/(6&+('8/(2)352&85(0(17$&7,9,7,(6)25$1,1)5$6758&785(

&2175$&7:,7+$1$%&2)837230,//,21),*85(7,0(/,1(2)352&85(0(172)/2&$//


6/75

Q h t r RI



6(&7,21

,1752'8&7,21


7/75

Q h t r RI



$&521


8/75

Q h t r RI



MIS

NEDA

NFCC

NOA

NOBRNPD

NPQ

NTP

OS

PAGASA

PBC

PCAB

PE

PERT/CPM

PMO

PPC

PPMP

PQR

PS

R.A.

R.A. 9184

RO

ROW

SARO

SBDs

SCC

Sec

TIN

TWG

Monitoring and Inormation Service, DPWH

National Economic and Development Authority

Net Financial Contracting Capacity

Notice of Award

Notification of Bidding ResultsNotice of Postdisqualification

Notice of PostqQualification

Notice to Proceed

Obligation Slip

Philippine Atmospheric, Geophysical and Astronomical ServicesAdministration

Pre-Bid Conference

Philippine Contractors Accreditation Board

Procuring Entity

Program Evaluation and Review Technique/Critical Path Method

Project Management Office

Pre-Procurement Conference

Project Procurement Management Plan

Postqualification Report

Performance Security

Republic Act

Republic Act No. 9184, otherwise known as the Government Procurement

Reform Act of 2003

Regional Office, DPWH

Right-of-Way

Special Allotment Release Order

Standard Bidding Documents of the DPWH

Special Conditions of Contract

Secretariat of the Bids and Awards Committee

Tax Identification Number

Technical Working Group of the Bids and Awards Committee


9/75

Q h t r RI



6&23(2)92/80(,,,2)7+(0$18$/

9ROXPH ,,, RI WKH '3:+ 3URFXUHPHQW0DQXDO '30VHHNV WRSURYLGH LWV XVHUV FOHDUFRQFLVH DQG DFFXUDWH LQIRUPDWLRQ RQ WKH SURFHVV IRU WKH SURFXUHPHQW E\ WKH

'HSDUWPHQWRI3XEOLF:RUNVDQG+LJKZD\V'3:+ WKURXJKSXEOLFELGGLQJRIORFDOO\

IXQGHG LQIUDVWUXFWXUH SURMHFWV LQ WKH PDQQHU SUHVFULEHG E\ 5HSXEOLF $FW 5$ 1R RWKHUZLVH NQRZQ DV WKH *RYHUQPHQW 3URFXUHPHQW 5HIRUP $FW DQG LWV

,PSOHPHQWLQJ5XOHVDQG5HJXODWLRQV3DUW$,55$

7KLV9ROXPHFRYHUVDOOVWDJHVRILQIUDVWUXFWXUHSURFXUHPHQWIURPSURFXUHPHQWSODQQLQJDQG LVVXDQFH RI WKH ,QYLWDWLRQ WR $SSO\ IRU (OLJLELOLW\ DQG WR %LG WKURXJK WKH DFWXDO

ELGGLQJDFWLYLWLHVXSWRWKHLVVXDQFHRIWKH1RWLFHWR3URFHHGWRWKHZLQQLQJFRQWUDFWRU

)RUHDFKSURFXUHPHQWVWDJHRUVWHS9ROXPH,,,OD\VGRZQDWKH/HJDO5HIHUHQFHE

WKH3ROLFLHVDQG*XLGHOLQHVWREHIROORZHGDQGFWKH3URFHGXUHWREHREVHUYHGWKURXJK

D PDWUL[ RI WKH GHWDLOHG DFWLYLWLHV UHVSRQVLEOH SHUIRUPHUV WLPH IUDPHV DQG VSHFLILF

UXOHV

9ROXPH,,,RIWKH'30VKDOOEHXVHGWRJHWKHUZLWKLWVLQWHJUDOSDUWVYL]WKH6WDQGDUG

)RUPV$QQH[$DQG6WDQGDUG%LGGLQJ'RFXPHQWVRU6%'V$QQH[%

7KHSURYLVLRQVRI9ROXPH,,,VKDOODSSO\WRDSURMHFWVXQGHUWKHPDQGDWHRIDQGWKXV

GLUHFWO\ILQDQFHGSURFXUHGDQGLPSOHPHQWHGE\WKH'3:+HJQDWLRQDOKLJKZD\VDQG

IORRG FRQWURO SURMHFWV DQG E SURMHFWV IXQGHG E\ RWKHU GHSDUWPHQWVDJHQFLHV EXW

SURFXUHG DQG LPSOHPHQWHG E\ WKH'3:+ LQ DFFRUGDQFH ZLWK WKH SURYLVLRQV RI ODZ RU

LQWHUDJHQF\DJUHHPHQWV7KHODWWHULQFOXGHVDPRQJRWKHUVURDGPDLQWHQDQFHSURMHFWV

ILQDQFHGIURPWKH0RWRU9HKLFOH8VHUV&KDUJHVDGPLQLVWHUHGE\WKH5RDG%RDUGXQGHU

5$VFKRROEXLOGLQJSURMHFWVXQGHUWKH'HSDUWPHQWRI(GXFDWLRQEXGJHWIDUPWR

PDUNHW URDGSURMHFWV IXQGHGE\WKH'HSDUWPHQWRI$JULFXOWXUHDQG WKH'HSDUWPHQWRI

$JUDULDQ5HIRUPDQGEXLOGLQJSURMHFWVRIQRQLQIUDVWUXFWXUHDJHQFLHV


10/75

Q h t r RI



'(),1,7,212)7(506

'3:+ LQIUDVWUXFWXUH SURMHFWV DUH XQGHUWDNLQJV WR FRQVWUXFW LPSURYH UHKDELOLWDWHGHPROLVK UHSDLU UHVWRUH RUPDLQWDLQ URDGV DQG EULGJHV IORRG FRQWURO DQG GUDLQDJH

VKRUH SURWHFWLRQ ZDWHU VXSSO\ VFKRRO EXLOGLQJV RWKHU SXEOLF EXLOGLQJV FLYLO ZRUNV

FRPSRQHQWVRI LQIRUPDWLRQWHFKQRORJ\SURMHFWVDQGRWKHU UHODWHGFRQVWUXFWLRQSURMHFWVRIWKHJRYHUQPHQW8QGHU5$DQG LWV ,55$ WKH WHUPLQIUDVWUXFWXUHSURMHFWV

KDV WKH VDPHPHDQLQJ DVDQG LVXVHG LQWHUFKDQJHDEO\ ZLWK WKH WHUP FLYLO ZRUNV RU

ZRUNV,55$6HFWLRQ>Q@,QDGGLWLRQWKHIROORZLQJWHUPVDUHXVHGDVLQGLFDWHG

D 7KHELGGHUZLOOEH UHIHUUHG WRGLIIHUHQWO\DWGLIIHUHQW VWDJHVRI WKHSURFXUHPHQW

SURFHVVDVIROORZV

3URVSHFWLYH ELGGHU IURP WKH SRVWLQJ RI WKH ,QYLWDWLRQ WR $SSO\ IRU(OLJLELOLW\DQGWR%LGWRWKHUHFHLSWDQGSURFHVVLQJRILWV/HWWHURI,QWHQW

(OLJLEOH%LGGHULILWSDVVHVWKHHOLJLELOLW\FKHFNRUVFUHHQLQJ

%LGGHUZLWKWKH/RZHVW&DOFXODWHG%LGLIGHWHUPLQHGDVVXFKE\WKH%LGV

DQG$ZDUGV&RPPLWWHHFRQFHUQHGDIWHUWKHHYDOXDWLRQRIELGV

%LGGHUZLWKWKH/RZHVW&DOFXODWHG5HVSRQVLYH%LGLIGHWHUPLQHGDVVXFK

E\WKH%$&DIWHUSRVWTXDOLILFDWLRQDQG

&RQWUDFWRU DIWHUWKHDSSURYDORIWKH&RQWUDFW

E 7KHWHUPELGZLOOEHXVHGLQVWHDGRISURSRVDORURIIHU

F (OLJLELOLW\&KHFNDQG(OLJLELOLW\6FUHHQLQJZLOOEHXVHGLQWHUFKDQJHDEO\

G 7KH7HFKQLFDO(QYHORSHFRQWDLQVWKH7HFKQLFDO3URSRVDO FRPSRQHQWRIWKHELG

H 7KH)LQDQFLDO(QYHORSHFRQWDLQVWKH)LQDQFLDO3URSRVDO FRPSRQHQWRIWKHELG


11/75

Q h t r RI



6(&7,21

35(3$5,1*)25352&85(0(17


12/75

Q h t r RI



35(3$5,1*)257+(352&85(0(172),1)5$6758&785(352-(&76

:KLOH9ROXPH,RIWKH'30FRQWDLQVDQH[WHQVLYHGLVFXVVLRQRI3URFXUHPHQW3ODQQLQJDV

DJHQHUDOFRQFHUQ IRU DOO NLQGVRIJRYHUQPHQWSURFXUHPHQWWKLV6HFWLRQRI9ROXPH,,,

IRFXVHV PDLQO\ RQ SURFXUHPHQW FRQFHUQV SDUWLFXODU WR ORFDOO\IXQGHG LQIUDVWUXFWXUH

SURMHFWV$VVXFKWKHUHDGHULVDGYLVHGWRUHIHUWRWKHSHUWLQHQWGLVFXVVLRQVLQ9ROXPH,

EHIRUHDQGGXULQJWKHUHDGLQJRIWKLV6HFWLRQ

3UHSDULQJPDNHVIRUKLJKHUHIILFLHQF\DQGHIILFDF\,WHQDEOHVWKHSURFXUHPHQWRIILFLDOV

FRQFHUQHGWRDQWLFLSDWHWKHRQVHWRIHYHQWVDQGDVDFRQVHTXHQFHEHWWHUFDOLEUDWHWKHLU

UHVSRQVH WR WKHP +DYLQJ D EHWWHU DSSUHFLDWLRQ RI IRUWKFRPLQJ HYHQWV JLYHV WKHVH

RIILFLDOV WKH RSSRUWXQLW\ WRWHVWD UDQJHRISRVVLEOHFRXUVHVRIDFWLRQ FKRRVH WKH EHVW

DQGPRVWIHDVLEOHRIWKHVHDQGLGHQWLI\PHDVXUHVWRSXWWKHPLQWRDFWLRQ8OWLPDWHO\LWZLOO HQDEOH WKH SURFXULQJ RIILFLDOV WR GHWHUPLQH WKH EHVW PDQQHU E\ ZKLFK WKHVH

PHDVXUHVDUH WREH LPSOHPHQWHG HQVXULQJWKDW WKHLU LQGLYLGXDO DQG FROOHFWLYH LPSDFWV

DUHRSWLPL]HGDWWKHOHDVWFRVW

3UHSDULQJIRUSURFXUHPHQWEDVLFDOO\LQYROYHVWKUHHDFWLYLWLHVDSURFXUHPHQWSODQQLQJ

E SUHSDUDWLRQ RI WKH %LGGLQJ 'RFXPHQWV DQG F FRQGXFW RI WKH 3UH3URFXUHPHQW&RQIHUHQFH


13/75

Q h t r RI



352&85(0(173/$11,1*

/(*$/5()(5(1&(6HFWLRQV DQG DQG $QQH[ $ RI ,55$ SURYLGH WKH UXOHV LQ UHODWLRQ WR

3URFXUHPHQW3ODQQLQJDQG'HWDLOHG(QJLQHHULQJ

32/,&,(6$1'*8,'(/,1(6

3XUSRVHDQG6FRSHRI3URFXUHPHQW3ODQQLQJ

7KH SXUSRVH RI SURFXUHPHQW SODQQLQJ LV IRU WKH 3URFXULQJ (QWLW\ WR VFKHGXOH LWV

SURFXUHPHQWDFWLYLWLHVLQDGYDQFHFRQVLVWHQWZLWKLWVDSSURYHGEXGJHWDQGWDUJHWGDWHVRILPSOHPHQWDWLRQ

3URFXUHPHQW SODQQLQJ HQWDLOV HQVXULQJ WKDW GHWDLOHG HQJLQHHULQJ LQYHVWLJDWLRQV DQG

GHVLJQ DUH XQGHUWDNHQ SODQV IRU SURFXUHPHQW DUH OLQNHG WR EXGJHWV SUHSDULQJ WKH3URMHFW0DQDJHPHQWDQG3URFXUHPHQW3ODQ3303DQGFRQVROLGDWLQJDOO3303VLQWRWKH

$QQXDO 3URFXUHPHQW3ODQ $33 )RUPXODWLQJ WKH 3303 LQYROYHVGHILQLQJ WKH VFRSHRI

ZRUN $SSURYHG %XGJHW IRU WKH &RQWUDFW $%& DQG LPSOHPHQWDWLRQ VFKHGXOHGHWHUPLQLQJ LI WKH SUHUHTXLVLWHV IRU SURFXUHPHQW LQ WHUPV RI IXQGLQJ HQJLQHHULQJ

WHFKQLFDOGRFXPHQWVDQGSURMHFWVLWHDUHPHWGHWHUPLQLQJWKHPHWKRGRISURFXUHPHQW

DQGLGHQWLI\LQJWKHPLOHVWRQHDFWLYLWLHV

7KH'3:+3URFXULQJ(QWLW\&HQWUDO2IILFHRU&25HJLRQDO2IILFHRU52'LVWULFW2IILFHRU

'2VKDOOXVH)RUP'3:+,1)5LQSUHVHQWLQJWKH3303IRUHDFKFRQWUDFWWREHELG,WVKDOOXVH)RUP'3:+,1)5LQSUHVHQWLQJWKH$33ZKLFKFRQVROLGDWHVDOO3303V

'HWDLOHG(QJLQHHULQJDV3UHUHTXLVLWHWR%LGGLQJ

7KH3URFXULQJ(QWLW\VKDOOLQLWLDWHSURFXUHPHQWRQO\DIWHUWKHGHWDLOHGHQJLQHHULQJIRUWKH

SURMHFW LQFOXGLQJWHFKQLFDO LQYHVWLJDWLRQVVXUYH\VDQG GHVLJQVDQGDFTXLVLWLRQRI WKH

ULJKWRIZD\52:KDVEHHQVXIILFLHQWO\FDUULHGRXW7KHGHWDLOHGHQJLQHHULQJPXVWEHXQGHUWDNHQ LQ DFFRUGDQFH ZLWK WKH VWDQGDUGV DQG VSHFLILFDWLRQV SUHVFULEHG E\ WKH

6HFUHWDU\RIWKH'3:+RUKLVGXO\DXWKRUL]HGUHSUHVHQWDWLYHDQGLQDFFRUGDQFHZLWKWKH

SURYLVLRQV RI $QQH[ $ RI ,55$ 7KH RQO\ H[FHSWLRQV WR WKLV DUH GHVLJQDQGEXLOG

VFKHPHVZKHUHLQELGGHUVDUHDOORZHGWRVXEPLWGHWDLOHGHQJLQHHULQJGHVLJQVDVSDUWRI

WKHLUELGV,55$6HFWLRQ

6FRSHRI'HWDLOHG(QJLQHHULQJ'HWDLOHGHQJLQHHULQJVKDOOLQFOXGHWKHIROORZLQJDFWLYLWLHV

D 6HWWLQJRI'HVLJQ6WDQGDUGV'HVLJQVWDQGDUGVVKDOOEHEDVHGRQWKH'3:+

'HVLJQ *XLGHOLQHV &ULWHULD DQG 6WDQGDUGV 2UDQJH %RRN $PHULFDQ

$VVRFLDWLRQRIWKH6WDWH+LJKZD\DQG7UDQVSRUWDWLRQ2IILFLDOV$$6+726WDQGDUG

6SHFLILFDWLRQV IRU +LJKZD\V DQG %ULGJHV ODWHVW HGLWLRQ $PHULFDQ&RQFUHWH,QVWLWXWH$&,6WDQGDUGVODWHVWHGLWLRQ7HFKQLFDO6WDQGDUGVDQG*XLGHOLQHV

IRU 3ODQQLQJ DQG 'HVLJQ RI )ORRG &RQWURO DQG 6DER :RUNV 9ROXPHV , DQG ,,

0DUFKE\WKH)ORRG&RQWURODQG6DER(QJLQHHULQJ&HQWHU'3:+DQG

1DWLRQDO6WUXFWXUH&RGHRIWKH3KLOLSSLQHVW K (GLWLRQ9ROXPH,,DPRQJRWKHUV

E &RQGXFW RI )LHOG 6XUYH\V DQG ,QYHVWLJDWLRQV 1HFHVVDU\ ILHOG VXUYH\V DQG

LQYHVWLJDWLRQVZKLFKPD\ LQFOXGH DHULDO WRSRJUDSKLF K\GURJUDSKLFK\GURORJLFJHRORJLFDOVRLOVDQGPDWHULDOVSDUFHOODU\DQGRWKHUVXUYH\VVKDOOEHFDUULHGRXW


14/75

Q h t r RI



LQDFFRUGDQFHZLWKWKHJXLGHOLQHVFULWHULDDQGVWDQGDUGVDGRSWHGE\WKH'3:+DVFLWHGLQLWHPDDERYH$OOVXUYH\DQGLQYHVWLJDWLRQZRUNVVKDOOEHGRQHVRDVWR

SURYLGHLQSXWGDWDIRUWKHGHVLJQDQGSURGXFWLRQRISODQVWKDWZLOOSHUPLWTXDQWLW\

HVWLPDWHV WR EH PDGH ZLWKLQ SOXV RU PLQXV WHQ SHUFHQW RI WKH ILQDO

TXDQWLWLHVRIWKHFRPSOHWHGVWUXFWXUH

F &RQGXFWRI'HVLJQ$QDO\VHVDQG3UHSDUDWLRQRI'HVLJQ3ODQVDQG'HVLJQ5HSRUW7KHVHVKDOOFRQIRUP WR'3:+GHVLJQJXLGHOLQHVFULWHULDDQG VWDQGDUGVFLWHG LQ

LWHPDDERYH

G 3UHSDUDWLRQ RI &RQWUDFW 3ODQV 3ODQV VKDOO EH SUHSDUHG IRU HDFK FRQVWUXFWLRQ

FRQWUDFWLQDFFRUGDQFHZLWKJXLGHOLQHVDQGVWDQGDUGVDGRSWHGE\WKH'3:+DV

FLWHGLQLWHPDDERYHLQFRUSRUDWLQJDWOHDVWWKHIROORZLQJ

6LWHGHYHORSPHQWSODQ

3ODQVDQGSURILOHVKHHW

7\SLFDOVHFWLRQVDQGGHWDLOV

6WUXFWXUDO SODQV DW DSSURSULDWH VFDOHV LQGLFDWLQJ DOO GHWDLOV QHFHVVDU\ LQ

RUGHUWKDWWKHFRPSOHWHVWUXFWXUHFDQEHVHWRXWDQGFRQVWUXFWHG

H 3UHSDUDWLRQRI7HFKQLFDO6SHFLILFDWLRQV7KHVHVKDOODGRSWWKH'3:+

6WDQGDUG 6SHFLILFDWLRQV IRU 3XEOLF :RUNV DQG +LJKZD\V %OXH %RRN

6XSSOHPHQWDO 6SHFLILFDWLRQV VKDOO EH SUHSDUHG IRU VSHFLILF LWHPV RI ZRUN RU

PHWKRGVRIFRQVWUXFWLRQPHDVXUHPHQWDQGSD\PHQWZKLFKDUHQRWFRYHUHGE\RUZLOOPRGLI\WKH'3:+6WDQGDUG6SHFLILFDWLRQV

I 3UHSDUDWLRQRI4XDQWLW\(VWLPDWHV$OOFRQVWUXFWLRQTXDQWLWLHVVKDOOEHHVWLPDWHG

ZLWKDGHJUHHRIDFFXUDF\RIQRWPRUHWKDQSOXVRUPLQXVWHQSHUFHQWRIWKHILQDOTXDQWLWLHVRIWKHEXLOWVWUXFWXUH

J 3UHSDUDWLRQRI&RVW(VWLPDWHVDQG$SSURYHG%XGJHWIRUWKH&RQWUDFW8QLWSULFHV

IRUWKHGLIIHUHQWZRUNLWHPVVKDOOEHSUHSDUHGIRUHDFKFRQWUDFWXVLQJFRVWVEDVHG

RQFXUUHQW PDUNHW SULFHV DVSURMHFWHG RYHU WKH SURSRVHGFRQVWUXFWLRQ SHULRG

GLYLGHGLQWRORFDODQGIRUHLJQH[FKDQJHFRVWVDVWKHFDVHPD\EH7KH$SSURYHG

%XGJHWIRUWKH&RQWUDFW$%&VKDOOEHSUHSDUHGE\WKHRIILFLDOGXO\GHVLJQDWHGE\

WKH+HDGRIWKH3URFXULQJ(QWLW\7KH$%&VKDOOEHDSSURYHGE\WKH+HDGRIWKH3URFXULQJ(QWLW\RUKLVGXO\GHVLJQDWHGRIILFLDO 7KH$%&LV IXUWKHUGLVFXVVHG LQ

WKHVXFFHHGLQJSDUWVRIWKLV0DQXDO

K 3UHSDUDWLRQRI3URJUDPRI:RUNLQFOXGLQJ6FKHGXOH7KHSURJUDPRIZRUNPXVWLQFOXGHHVWLPDWHVRI WKHZRUNLWHPVTXDQWLWLHVDQGFRVWVWKHJHQHUDOPHWKRGV

DUUDQJHPHQWV RUGHU DQG WLPLQJ RI WKH SURMHFW DFWLYLWLHV LQFOXGLQJ D 3URJUDP

(YDOXDWLRQ5HYLHZ7HFKQLTXH&ULWLFDO3DWKPHWKRG3(57&30GLDJUDPDQGEDU

FKDUWZLWK6FXUYH7KHSURJUDPRIZRUNPXVWFRYHUDWOHDVWDXVDEOHSRUWLRQRI

WKHSURMHFW

L 'HWHUPLQDWLRQRI&RQWUDFW3DFNDJHV7KHQXPEHUDQGVL]HVRIWKHFRQWUDFWVLQWR

ZKLFKWKHSURMHFWLVWREHSDFNDJHGGHSHQGRQWKHNLQGFRPSOH[LW\PDJQLWXGH

FRVW DQG WLPHWDEOH RI WKH SURMHFW $ ODUJH LQIUDVWUXFWXUH SURMHFW VD\ FRVWLQJ3PLOOLRQ RUPRUHPD\ ZKHUH IHDVLEOH EHSDFNDJHG LQWR VPDOOHU FRQWUDFWV

FRYHULQJ VHSDUDWH VHFWLRQV RU ZRUN FRPSRQHQWV SURYLGHG WKDW WKH WHFKQLFDO

LQWHJULW\ RIWKH VWUXFWXUH LVQRW LPSDLUHG DQG WKDW WKH FRQWUDFWVDUHZLWKLQ WKH

FDSDELOLWLHVRI)LOLSLQRFRQWUDFWRUV7KLVLV LQOLQHZLWK WKHREMHFWLYHRI ([HFXWLYH

2UGHU (2 VHULHV RI 7KHUH VKDOO EH QR VSOLWWLQJ RI FRQWUDFWV


15/75

Q h t r RI



KRZHYHU DV GHILQHG LQ (2 $ IRU WKH SXUSRVH RI FLUFXPYHQWLQJ WKHSURYLVLRQVRIODZDQGH[LVWLQJUXOHVDQGUHJXODWLRQV

M 3UHSDUDWLRQ RI 6LWH RU 5LJKWRI:D\ 52: 3ODQV 6FKHGXOH RI $FTXLVLWLRQ DQG

5HVHWWOHPHQW$FWLRQ3ODQV7KLVVKDOOEHEDVHGRQSDUFHOODU\VXUYH\VDQGVRFLR

HFRQRPLFVXUYH\VRQKRXVHKROGVDIIHFWHGE\WKHSURMHFW

N 3UHSDUDWLRQRI8WLOLWLHV5HORFDWLRQ3ODQ$VQHFHVVDU\WKHVHVKDOOLQFOXGHHOHFWULF

ZDWHUVHZHUDJHWHOHSKRQHGUDLQDJHDQGRWKHUXWLOLWLHVWKDWZLOOEHDIIHFWHGE\

WKHSURMHFW

O 3UHSDUDWLRQRI(QYLURQPHQWDO,PSDFW6WDWHPHQW7KLVVKDOOEHGRQHIRUDFULWLFDO

SURMHFW RU D SURMHFW LQ D FULWLFDO DUHD DV GHILQHG E\ WKH 'HSDUWPHQW RI

(QYLURQPHQWDQG1DWXUDO5HVRXUFHV

P 3UHSDUDWLRQ RI 0LQLPXP 5HTXLUHPHQWV IRU D &RQVWUXFWLRQ 6DIHW\ DQG +HDOWK

3URJUDP7KHVHVKDOOFRQIRUPWRWKHVWDQGDUGVRIWKH'HSDUWPHQWRI/DERUDQG

(PSOR\PHQW'2/(

Q &RQGXFWRI 9DOXH(QJLQHHULQJ6WXGLHV9DOXHHQJLQHHULQJVKDOOEHXQGHUWDNHQ

IRU DOO SURMHFWV FRVWLQJ 3PLOOLRQ RU PRUH 9DOXH HQJLQHHULQJ VKDOO DQDO\]H

DOWHUQDWLYH VFKHPHV RI DFKLHYLQJ WKH SURMHFW REMHFWLYHV LQ RUGHU WR GHOHWH RU

UHGXFHWKHQRQHVVHQWLDOIHDWXUHVDQGOHVVHQOLIHF\FOHFRVWVRIWKHSURMHFWZLWKRXW

VDFULILFLQJWKHTXDOLW\DQGLQWHJULW\RIWKHVWUXFWXUHZKLOHDWWDLQLQJLWVHVVHQWLDO

IXQFWLRQSHUIRUPDQFHDQGVDIHW\

R &RQWUDFW7LPHRU'XUDWLRQ7KHSURSRVHGFRQWUDFWWLPHLQFDOHQGDUGD\VVKDOOEHFDOFXODWHGE\ILUVWHVWLPDWLQJ WKHQXPEHURIZRUNLQJGD\VUHTXLUHGWR FRPSOHWH

WKHZRUNVWKURXJKD3(57&30DQDO\VLVRIWKHSURMHFWDFWLYLWLHV7KHQDGGHGWR

WKLV ZLOO EH WKH QRQZRUNLQJ GD\V 6XQGD\V DQG KROLGD\V DQG WKH

HVWLPDWHG QXPEHU RI UDLQ\XQZRUNDEOH GD\V FRQVLGHUHG XQIDYRUDEOH IRULPSOHPHQWLQJWKHZRUNVDW WKHVLWHEDVHGRQ WKH UHFRUGVRIWKH3$*$6$,WHP

VKDOOEHPDGHNQRZQEHIRUHWKHGDWHRIELGGLQJWKURXJKWKH ,QVWUXFWLRQVWR%LGGHUV ,7% IRU WKH SXUSRVH RI JXLGLQJ ERWK WKH JRYHUQPHQW DQG ZLQQLQJ

FRQWUDFWRULQWDNLQJDFWLRQRQUHTXHVWVIRUWLPHH[WHQVLRQV

S :DUUDQW\ 3HULRG 7KLV VKDOO EH VSHFLILHG IURP WZR WR ILIWHHQ \HDUV

GHSHQGLQJXSRQWKHW\SHRISURMHFWLQDFFRUGDQFHZLWKWKHSURYLVLRQVRIWKH,55$

RI5$

T 3UHSDUDWLRQRI%LGGLQJ'RFXPHQWV7KLVLVGLVFXVVHGLQ6HFWLRQ9ROXPH,,,

RIWKLV0DQXDO

7KH DERYH UXOHV VKDOO DSSO\ WR WKH LPSOHPHQWDWLRQ RI LQIUDVWUXFWXUH SURMHFWV XQGHU

QRUPDORURUGLQDU\FRQGLWLRQV8QGHUHPHUJHQF\RUH[WUDRUGLQDU\FDVHVLQYROYLQJPDMRU

FDODPLWLHVDQGGLVDVWHUVDVGHFODUHGE\WKH3UHVLGHQWRIWKH3KLOLSSLQHVZKHUHWLPHLVRI

WKHHVVHQFHWRVDYHOLYHVDQGSURSHUWLHVDQGUHVWRUHGDPDJHGLQIUDVWUXFWXUHVKRZHYHU

GHWDLOHGHQJLQHHULQJPD\EHFRQGXFWHGLQDFFRUGDQFHZLWKWKHJXLGHOLQHVDQGSURFHGXUHV

SUHVFULEHGE\WKH'3:+6HFUHWDU\DQGDSSURYHGE\WKH,QIUDVWUXFWXUH&RPPLWWHHRIWKH

1DWLRQDO (FRQRPLF DQG 'HYHORSPHQW $XWKRULW\ 1('$ %RDUG 7KLV ZLOO HQDEOH TXLFN

UHVSRQVHLQVXFKFDVHVZKLOHPDLQWDLQLQJWKHVDIHW\DQGLQWHJULW\RIWKHVWUXFWXUH

7KH'3:+VKDOO LPSOHPHQWDWWKH&HQWUDO5HJLRQDODQG'LVWULFW2IILFHVDV\VWHPIRU

WKH UHYLHZDQGDVVXUDQFHRIWKHTXDOLW\RIGHWDLOHGHQJLQHHULQJRXWSXWVWRHQVXUHWKDW

WKH\FRQIRUPWRWKHSUHVFULEHGGHVLJQVWDQGDUGVDQGZLOODOORZHVWLPDWHVRITXDQWLWLHVWR

EHPDGHZLWKLQ SOXVRUPLQXVWHQSHUFHQWRIWKH ILQDOYDOXHVRIWKH FRPSOHWHG

VWUXFWXUH 7KH VXUYH\ DQG GHVLJQ GDWD RI VWUXFWXUDO FRPSRQHQWV WKDW DUH SURQH WR


16/75

Q h t r RI



VLJQLILFDQWRYHUVWDWHPHQW DQG YDULDWLRQ VXFK DVHDUWKZRUNVDQG EDVHFRXUVH VKDOOEHHVSHFLDOO\VFUXWLQL]HGWRDVVXUHWKHLQWHJULW\RIWKHGHVLJQDQGHVWLPDWHV

'HILQLWLRQRI$SSURYHG%XGJHWIRUWKH&RQWUDFW$%&

7KH $%& LV WKH EXGJHW IRU WKH FRQWUDFW GXO\ DSSURYHG E\ WKH

+HDGRIWKH3URFXULQJ(QWLW\DVLQFOXGHGLQWKH'3:+%XGJHWUHIOHFWHGLQWKHDSSURYHG

RUSURSRVHG*HQHUDO$SSURSULDWLRQV$FW*$$7KH3URFXULQJ(QWLW\VKDOOXVH )RUP6),1)5LQSUHVHQWLQJWKH$%&

)DFWRUVLQ'HWHUPLQLQJ$%&

7KH3URFXULQJ(QWLW\VKDOOFRQVLGHUWKHIROORZLQJIDFWRUVLQGHWHUPLQLQJWKH$%&

D &RPSOHWHDQGDGHTXDWHGHWDLOHGHQJLQHHULQJZKLFKHQDEOHHVWLPDWHVRITXDQWLWLHV

WR EH PDGH ZLWKLQ SOXV RU PLQXV WHQ SHUFHQW RI WKH ILQDO YDOXH RI WKHILQLVKHGZRUNV

E &RPSOLDQFH ZLWK WKH '3:+ 6WDQGDUG 6SHFLILFDWLRQV IRU 3XEOLF :RUNV DQG

+LJKZD\V 3URMHFWV SDUWLFXODUO\ 9ROXPH ,, IRU +LJKZD\V %ULGJHV DQG $LUSRUWV

DQG 9ROXPH ,,, IRU %XLOGLQJV )ORRG &RQWURO DQG 'UDLQDJH DQG :DWHU

6XSSO\

F 8VHRIDSSURSULDWHFRQVWUXFWLRQPHWKRGV

G 8VHRIDSSOLFDEOH FRQVWUXFWLRQLQGXVWU\QRUPVDQGSUDFWLFHVLQFOXGLQJPLQLPXP

SURGXFWLRQ UDWHVRIFRQVWUXFWLRQHTXLSPHQW DQG ODERUDQG FRPSRQHQWVRIGLUHFW

DQGLQGLUHFWFRVWV

H 8VHRILGHQWLILHGIHDVLEOHVRXUFHVRIFRQVWUXFWLRQPDWHULDOV

I 8VHRIPDUNHWSULFHVRIFRPSRQHQWODERUPDWHULDOVDQGHTXLSPHQWDQGPRQLWRUHG

DVEXLOWFRVWVRIFRQWUDFWZRUNLWHPV

J 5HDVRQDEOHULVNVDQGFRQWLQJHQFLHV

K ,QFOXVLRQ RI DOO UHOHYDQW DQG OHJLWLPDWH FRVW LWHPV WR EH LQFXUUHG E\ WKH

FRQWUDFWRU

L &RPSOLDQFHZLWK'HSDUWPHQW2UGHU'21R VHULHVRIDVDPHQGHG

UHJDUGLQJWKH$%&

7KH $%&PXVW EH EDVHG RQ WKH GHWDLOHG HQJLQHHULQJ RI WKH SURMHFWZKLFK SDVVHV WKHTXDOLW\ DVVXUDQFH V\VWHP IRU GHVLJQ RI WKH 'HSDUWPHQW DQG LV GXO\ DSSURYHG E\

DXWKRUL]HGRIILFLDOV'LVWULFW(QJLQHHU5HJLRQDO'LUHFWRU6HFUHWDU\RU8QGHUVHFUHWDU\

7KH $%& VKDOOFRQVLVWRIWKH IROORZLQJ FRVWHOHPHQWV EDVHGRQ'21R VHULHV RI

DVDPHQGHG

D 'LUHFW&RVW'&

&RVW RI PDWHULDOV FRVW DW VRXUFH LQFOXGLQJ SURFHVVLQJ KDXOLQJ

KDQGOLQJVWRUDJHDQGDOORZDQFHIRUZDVWHORVVHVQRWH[FHHGLQJRIWKH

PDWHULDOVUHTXLUHPHQW


17/75

Q h t r RI



&RVWRI ODERUVDODULHVZDJHVDQGIULQJHEHQHILWVLQDFFRUGDQFHZLWKODZDQGEDVHGRQPDUNHW UDWHVLQ WKH ORFDOLW\DQGFRQVLGHULQJWKHPLQLPXP

SURGXFWLRQUDWHIRUODERUVHWE\WKH'3:+

&RVW RI HTXLSPHQW UHQWDO PRELOL]DWLRQGHPRELOL]DWLRQ FRQVLGHULQJ

PLQLPXPSURGXFWLRQUDWHVIRUHTXLSPHQWVHWE\WKH'3:+

E ,QGLUHFW&RVW,&

2YHUKHDG H[SHQVHV HQJLQHHULQJ DQG DGPLQLVWUDWLYH VXSHUYLVLRQ

WUDQVSRUWDWLRQ DOORZDQFHV RIILFH H[SHQVHV DQG SUHPLXPV RQ

&RPSUHKHQVLYH $OO5LVN ,QVXUDQFH &$5, DQG :DUUDQW\ 6HFXULW\ QRW

H[FHHGLQJILYHSHUFHQWWRWHQSHUFHQWRIWKH(VWLPDWHG'LUHFW

&RVW ('& IROORZLQJ WKH VFKHGXOH RI RYHUKHDG FRQWLQJHQFLHV DQGPLVFHOODQHRXV2&0H[SHQVHVIRUGLIIHUHQWFRVWVGXUDWLRQDQGZDUUDQW\

SHULRGV VHW E\ WKH '3:+ EDVHG RQ LQGXVWU\ QRUPV DV HPERGLHG LQ D

'HSDUWPHQW2UGHU

&RQWLQJHQFLHVQRWH[FHHGLQJILYHWHQWKVSHUFHQWWRWZRSHUFHQWRIWKH('&IROORZLQJWKHVDLGVFKHGXOHRI2&0H[SHQVHV

0LVFHOODQHRXV ODERUDWRU\WHVWVHWFQRWH[FHHGLQJWKUHHWHQWKVSHUFHQW

WRRQHSHUFHQWRIWKH('&

3URILWSHU\HDUQRWH[FHHGLQJ2&&QPXOWLSOLHGE\WKH('&ZKHUH

2&& LV WKH RSSRUWXQLW\ FRVW RI FDSLWDO LQ WKH 3KLOLSSLQHV LQ SHUFHQW SHU

DQQXP DV GHWHUPLQHG E\ WKH 1('$ SUHVHQWO\ ILIWHHQ SHUFHQW RU DQGQLVWKHFRQWUDFWGXUDWLRQLQPRQWKVSURYLGHGWKDWWKHSURILWVKDOOEH

D DW OHDVWRQHKDOIRIWKH2&&PXOWLSOLHGE\WKH2&&DQG E DW

PRVWWZRWKLUGVRIWKH2&&PXOWLSOLHGE\WKH('&

9DOXH$GGHG7D[ 9$7WHQSHUFHQWRI ('&(VWLPDWHG,& IRU

LWHPVWRDERYH

6LQFHWKHFRQWUDFWFRVWLVIL[HGWKHHVWLPDWHGXQLWSULFHIRUHDFKZRUNLWHPPXVWDOORZ

IRU WKHSURMHFWHG LQIODWLRQDQG IRUHLJQH[FKDQJH IOXFWXDWLRQ GXULQJWKH LPSOHPHQWDWLRQ

SHULRGHVSHFLDOO\IRUFRQVWUXFWLRQZLWKDGXUDWLRQRIPRUHWKDQRQH\HDU7KHHVWLPDWRU

VKDOOUHIHUWRWKH1('$IRUHVWLPDWHVRIOLNHO\LQIODWLRQUDWHVDQGWRWKH%DQJNR6HQWUDO

QJ3LOLSLQDVIRUHVWLPDWHVRISUREDEOHIRUHLJQH[FKDQJHIOXFWXDWLRQ

,QSUHSDULQJUHYLHZLQJDQGDSSURYLQJWKH$%&WKH3URFXULQJ(QWLW\VKDOOUHIHUWRWKH

FRPSXWHUL]HG '3:+ GDWDEDVH ZKLFK PRQLWRUV DQG SRVWV D SULFHV RI FRPSRQHQW

PDWHULDOVODERUDQGHTXLSPHQWEDVHGRQPDUNHWSULFHVLQWKHSURMHFWORFDOLW\DQGESULFHVRIFRPSOHWHGZRUN LWHPVLQSODFHHJEDVHFRXUVHEDVHGRQDVEXLOWFRVWVIRU

VLPLODUSURMHFWVLQWKHSURMHFWORFDOLW\


18/75

Q h t r RI



35(3$5,1*7+(%,'',1*'2&80(176

/(*$/5()(5(1&(,55$ 6HFWLRQ SURYLGHV WKH UXOHV LQ UHODWLRQ WR WKH SUHSDUDWLRQ RI WKH %LGGLQJ

'RFXPHQWV%'V


3XUSRVHRI%LGGLQJ'RFXPHQWV

7KH%'VDUHGRFXPHQWVLVVXHGE\WKH'3:+3URFXULQJ(QWLW\WRSURYLGHWKHSURVSHFWLYH

ELGGHUVDOOWKHQHFHVVDU\LQIRUPDWLRQWKDWWKH\QHHGWRSUHSDUHUHVSRQVLYHELGV,55$6HFWLRQ>I@7KHVHVKRXOGFOHDUO\DQGDGHTXDWHO\GHILQHDPRQJRWKHUWKLQJV,55$6HFWLRQ

D WKH VFRSH RI ZRUN DSSURYHG EXGJHW GXUDWLRQ DQG H[SHFWHG RXWSXWV RI WKH

SURSRVHGFRQWUDFW

E WKHPLQLPXP OHJDO WHFKQLFDO DQG ILQDQFLDO UHTXLUHPHQWV WKDW WKHELGGHUPXVW

PHHWWREHHOLJLEOHWRELG

G WKHGRFXPHQWVDQGRWKHUUHTXLUHPHQWVWKDWWKHELGGHUPXVWLQFOXGHLQLWVELGDQ

H WKHSURFHVVDQGUXOHVIRU WKHVXEPLVVLRQDQGUHFHLSWRIELGVHYDOXDWLRQRIELGV

SRVWTXDOLILFDWLRQDQGDZDUGRIFRQWUDFWDQG

I WKH WHUPV DQG FRQGLWLRQV RI WKH FRQWUDFW EHWZHHQ WKHZLQQLQJ ELGGHU DQG WKH

'3:+LQFOXGLQJWKHLUSURVSHFWLYHREOLJDWLRQV

&RQWHQWVRI%LGGLQJ'RFXPHQWV

7KH%'VIRUWKHVSHFLILFFRQWUDFWWRELGVKDOOFRQVLVWRIWKHIROORZLQJ

3DUW,

6HFWLRQ,,QYLWDWLRQWR$SSO\IRU(OLJLELOLW\DQGWR%LG,$(%

6HFWLRQ,,(OLJLELOLW\5HTXLUHPHQWV

3DUW,,6HFWLRQ,,QVWUXFWLRQVWR%LGGHUV,7%LQFOXGLQJ'RFXPHQWVFRPSULVLQJWKH%LG

6HFWLRQ,,%LG'DWD6KHHW%'6

6HFWLRQ,,,*HQHUDO&RQGLWLRQVRI&RQWUDFW*&&6HFWLRQ,96SHFLDO&RQGLWLRQVRI&RQWUDFW6&&

6HFWLRQ96SHFLILFDWLRQV

6HFWLRQ9,'UDZLQJV

6HFWLRQ9,,%LOORI4XDQWLWLHV%246HFWLRQ9,,,)RUPV

)RU HYHU\FRQWUDFW WREHELG WKH 3URFXULQJ(QWLW\ VKDOOSUHSDUH WKH %'VE\DGRSWLQJ

XQFKDQJHG WKH 6WDQGDUG %LGGLQJ 'RFXPHQWV 6%'V VKRZQ LQ $QQH[ % 7KH3URFXULQJ (QWLW\ KRZHYHU VKDOO LQVHUW LQ WKH 6%'V WKH LQIRUPDWLRQ VSHFLILF WR WKH

FRQWUDFWSDUWLFXODUO\LQWKH,$(%%'66&&6SHFLILFDWLRQV'UDZLQJVDQG%24LQRUGHUWRSURGXFHWKHFRPSOHWH%'V7KH&HQWUDO%LGVDQG$ZDUGV&RPPLWWHH%$&VKDOOSRVW

WKH 6%'V LQ WKH '3:+ ZHEVLWH IRU HDV\ UHIHUHQFH RI WKH 3URFXULQJ (QWLWLHV DQGELGGHUVFRQWUDFWRUV


19/75

Q h t r RI



7KH VSHFLILFDWLRQVDQG RWKHUWHUPV LQWKH%'VVKDOOUHIOHFWPLQLPXPUHTXLUHPHQWV $ELGGHUPD\ WKHUHIRUHEHDOORZHGWRVXEPLWDVXSHULRURIIHU ,QWKHHYDOXDWLRQRIWKH

ELGVKRZHYHUQRSUHPLXPRUERQXVPXVWEHJLYHQDVD UHVXOW RIWKLV VXSHULRURIIHU,55$6HFWLRQ

$FFRXQWDELOLW\IRU%LGGLQJ'RFXPHQWV)RUHDFKFRQWUDFWWREHELGWKHFRQWUDFWVSHFLILFLQIRUPDWLRQWREHLQVHUWHGLQWKH6%'V

WRSURGXFHWKH%'VDVVWDWHGLQ6HFWLRQDERYHVKDOOEHSUHSDUHGE\WKH7HFKQLFDO

ZRUNLQJ*URXS7:*LQFRRUGLQDWLRQZLWKWKH,PSOHPHQWLQJ8QLW,8FRQFHUQHGHJ'LVWULFW 2IILFH RU '2 5HJLRQDO 2IILFH RU 52 RU 3URMHFW 0DQDJHPHQW 2IILFH RU 302

VXEPLWWHG E\ WKH %$& 6HFUHWDULDW DQG DSSURYHG E\ WKH %$& &KDLUPDQ 7KH %$&

&KDLUPDQ VKDOO VXEPLW WR WKH &HQWUDO %$& D VRIW FRS\ RI WKH VDLG FRQWUDFWVSHFLILF

LQIRUPDWLRQ WRJHWKHUZLWK D FHUWLILFDWLRQ WKDW WKLV LQIRUPDWLRQ KDV EHHQ DSSURYHG E\

KLP

7KH7:*ZLWKWKH,8VKDOOEHUHVSRQVLEOHIRUUHYLHZLQJWKHVDLGLQIRUPDWLRQDVSRVWHGLQ

WKH '3:+ ZHEVLWH DQG IRU SUHSDULQJ WKH QHFHVVDU\ FRUUHFWLRQV DQG SURSRVHG %LG

%XOOHWLQV DQG VXEPLWWLQJ WKHVH WKURXJK WKH%$&6HFUHWDULDW WRWKH%$&&KDLUPDQIRU

DSSURYDO7KH%$&&KDLUPDQVKDOOWUDQVPLWWKHDSSURYHGFRUUHFWLRQVDQG%LG%XOOHWLQVWR

WKHZHEVLWHDQGLVVXHWKHPWRWKHFRQFHUQHGELGGHUV

7KH7:*ZLWKWKH ,8VKDOO DOVRSUHSDUHWKHFKDQJHV LQWKH%'VDQG%LG%XOOHWLQV WKDW

PD\UHVXOWIURPWKH3UH3URFXUHPHQW&RQIHUHQFH3UH%LG&RQIHUHQFHDQGDVWKHQHHG

DULVHV 7KHVH VKDOO DOVR EH VXEPLWWHG WKURXJK WKH %$& 6HFUHWDULDW WR WKH %$&

&KDLUPDQIRUDSSURYDOSRVWLQJLQWKHZHEVLWHDQGLVVXDQFHDVVWDWHGLQWKHSUHFHGLQJ

SDUDJUDSK

5HDGLQHVVRI%LGGLQJ'RFXPHQWV7KH 3URFXULQJ (QWLW\ PXVW FRPSOHWH WKH %'V LQ WLPH IRU SUHVHQWDWLRQ DW WKH 3UH

3URFXUHPHQW&RQIHUHQFH $IWHU WKH &RQIHUHQFH DQG EHIRUH WKH DGYHUWLVHPHQW DQGRU

SRVWLQJRIWKH,$(%WKH%$&ZLWKWKHDVVLVWDQFHRIWKH%$&6HFUHWDULDWDQGWKH302,8

FRQFHUQHGPXVWILQDOL]HWKH%'V

352&('85(35(3$5,1*7+(%,'',1*'2&80(176%'

$FWLYLW\ 5HVSRQVLEOH3HUIRUPHU

7LPH)UDPH

5XOHV

2EWDLQWKH6%'V

3UHSDUHWKHLQIRUPDWLRQ

VSHFLILFWRWKHFRQWUDFWWR

EHELGWREHLQVHUWHGLQWR

WKH6%'VIRUPDW

D ,QYLWDWLRQWR$SSO\IRU(OLJLELOLW\DQGWR%LG

,$(%

&RQWUDFW,'QDPH

ORFDWLRQEULHIGHVFULSWLRQDQGPDMRU

%$&6HFRI

3URFXULQJ

(QWLW\3(

,8WRSUHSDUH

WKHFRQWUDFW

LQIR%$&

6HFWR

FROODWH%$&

WRDSSURYH

FG

FG

8VH6%'VLQ$QQH[%DVSRVWHGDW

'3:+ZHEVLWH

GR

6HF9RO,,,RI'30DQG6HF3DUW,RI6%'V


20/75

Q h t r RI



ZRUNLWHPV

$%&VRXUFHRIIXQGV

&RQWUDFWGXUDWLRQ

'HDGOLQHWLPHSODFH

IRU/HWWHURI,QWHQWLVVXDQFHRI%'V

UHFHLSWRSHQLQJRIELGV

E %LG'DWD6KHHW%'6

&RQWUDFW,'QDPH

)XQGLQJVRXUFH

'DWHSODFHRI3UH

%LG&RQIHUHQFH

$%&

0LQSHUVRQQHO

H[SHULHQFHUHTWV

0LQHTSWUHTWV

%LGYDOLGLW\SHULRG %LG6HFXULW\YDOLGLW\

SHULRG

'HDGOLQHSODFHIRU

UHFHLSWRIELGV

'DWHWLPHSODFHRI

RSHQLQJRIELGV

F 6SHFLDO&RQGLWLRQVRI

&RQWUDFW6&&

,QWHQGHGFRPSOHWLRQ

GDWH

3URFXULQJ(QWLW\ 3URFXULQJ(QWLW\V

5HSUHVHQWDWLYH

6LWHRI:RUNV

6WDUWGDWHRI:RUNV

'HVFULSWLRQRI:RUNV

'DWHRIVLWHGHOLYHU\

'DWHRIGHOLYHU\RI

JRYWPDWHULDOV

.H\SHUVRQQHO

6LWHLQYHVWLJDWLRQ

UHSRUWV

:DUUDQW\SHULRG 'HDGOLQHIRU3URJUHVV

5HSRUWVYV3(57&30

'HDGOLQHIRUDVEXLOW

'UDZLQJV

G 6SHFLILFDWLRQV

H'UDZLQJV

6HF,,3DUW,,RI

6%'V

6HF,93DUW,,RI6%'V

6HF93DUW,,RI

6%'V8VH'3:+6WDQGDUG6SHFVIRU3XEOLF:RUNVDQG+LJKZD\VDQG

$WWDFK6XSSOHPHQWDO6SHFV

6HF9,3DUW,,RI


21/75

Q h t r RI



I%LOORI4XDQWLWLHV

3D\,WHP1R

'HVFULSWLRQRI,WHP

8QLWV 4XDQWLWLHV

J)RUPV

4XDOLILFDWLRQVRINH\SHUVRQQHOPLQUHTWV

/LVWRIHTXLSPHQW

PLQLPXPUHTWV

$SSURYHFRQWUDFWVSHFLILF

LQIRUPDWLRQ

7UDQVPLWVRIWFRS\RI

DSSURYHGFRQWUDFWVSHFLILF

LQIRWR&HQWUDO%$&

,QVHUWFRQWUDFWVSHFLILFLQIR

LQ6%'VWRSURGXFH%'V

DQGSRVW%'VDW'3:+

ZHEVLWH

3UHSDUHKDUGFRSLHVRI%'V

EDVHGRQ6%'VZLQVHUWHG

FRQWUDFWVSHFLILFLQIR

3(%$&

&KDLUPDQ

WKUX%$&6HF

%$&6HFRI

3(

&HQWUDO%$&

6HFZLWK0,6

%$&6HFRI

3(

6%'V$WWDFKDSSURYHG'UDZLQJV

6HF9,,3DUW,,RI6%'V&RQVLVWHQWZLWK6SHFLILFDWLRQV

'UDZLQJVDQG$%&

6HF9,,,3DUW,,RI

6%'V

:LWKFHUWLILFDWLRQWKDW

WKH%$&&KDLUPDQKDV

DSSURYHGWKHLQIR

7:*ZLWK,8PXVW

FKHFNLQIRDVSRVWHG


22/75

Q h t r RI



&21'8&72)7+(35(352&85(0(17&21)(5(1&(

/(*$/5()(5(1&(,55$6HFWLRQVSHFLILHVWKHUXOHVDQGJXLGHOLQHVLQUHODWLRQWRWKHFRQGXFWRID3UH

3URFXUHPHQW&RQIHUHQFH33&

32/,&,(6$1'*8,'(/,1(6

3XUSRVHRI3UH3URFXUHPHQW&RQIHUHQFH

7KH33&LVWKHIRUXPZKHUHDOO'3:+RIILFLDOVLQYROYHGLQWKHSURFXUHPHQWRIDFRQWUDFW

VKDOOPHHWDQGGLVFXVVDOODVSHFWVRIWKHWUDQVDFWLRQDQGFKHFNZKHWKHUWKHFRQWUDFWLV

UHDG\IRUSURFXUHPHQWLQWHUPVRIWKHOHJDOWHFKQLFDODQGILQDQFLDOUHTXLUHPHQWV7KH

33& VKDOO FRQILUP WKH VFRSH RI ZRUN XQGHU WKH SURSRVHG FRQWUDFW HQVXUH WKDW WKHSURFXUHPHQWLVFRQVLVWHQWZLWKWKH3303DQGWKH$33FKHFNWKHEXGJHWIRUWKHFRQWUDFW

DQG UHYLHZ DQG DSSURYH WKH %LGGLQJ 'RFXPHQWV %'V PDNLQJ VXUH WKDW WKH\ DUH

FRPSOHWHDQG FRPSO\ZLWK WKH VHW VWDQGDUGV DQGUXOHV 7KH33&ZLOO DOVR UHYLHZ WKH

FULWHULDIRUHOLJLELOLW\ VFUHHQLQJELGHYDOXDWLRQSRVWTXDOLILFDWLRQDQGDZDUGDQGDJUHH

RQWKHPRGHDQGVFKHGXOHRISURFXUHPHQW

)RUHYHU\LQIUDVWUXFWXUHFRQWUDFWLQYROYLQJDQ$%&DPRXQWLQJWRPRUHWKDQ)LYH0LOOLRQ

3HVRV30LOOLRQWKH%$&PXVWFRQGXFWD33&(YHQZKHQWKHFRQWUDFWKDVDQ$%&RI

3PLOOLRQRUOHVVWKH%$&LVHQFRXUDJHGWRFRQGXFWD33&LIWKHFLUFXPVWDQFHVOLNHWKH

FRPSOH[LW\RIWKHWHFKQLFDOVSHFLILFDWLRQVZDUUDQWKROGLQJVXFKDFRQIHUHQFHEHIRUHWKH

3URFXULQJ(QWLW\SURFHHGVZLWKWKHSURFXUHPHQW

7LPH)UDPHIRU3UH3URFXUHPHQW&RQIHUHQFH7KH %$& PXVW FRQGXFW WKH 33& DW OHDVW WKUHH GD\V EHIRUH WKH DGYHUWLVHPHQW RU

SRVWLQJRIWKH ,$(% ,55$6HFWLRQ7KLVZLOOJLYH WKHWHFKQLFDOVWDIIVXIILFLHQW

WLPHWRLQFRUSRUDWHWKHQHFHVVDU\FKDQJHVLQWKH%'VWKDWPD\DULVHIURPWKH33&,Q

QRFDVHVKDOOWKHDGYHUWLVHPHQWRUSRVWLQJRIWKH,$(%EHPDGHXQOHVVDOOVXFKFKDQJHV

LQWKH%'VKDYHEHHQPDGH

3DUWLFLSDQWVRI3UH3URFXUHPHQW&RQIHUHQFH

7KHSDUWLFLSDQWVLQD3UH3URFXUHPHQW&RQIHUHQFHDUH

D PHPEHUVRIWKH%$&

E LWV6HFUHWDULDW

F UHSUHVHQWDWLYHVRIWKH,8G PHPEHUV RI WKH 7:* VWDII FRQVXOWDQWV HQGXVHUV DQG RWKHU SHUVRQV ZKR

SUHSDUHGUHYLHZHGRUDSSURYHGWKH%'VRUSDUWVWKHUHRI

H RWKHURIILFLDOVFRQFHUQHGDVPD\EHUHTXLUHG

7KH%$&&KDLUPDQVKDOOSUHVLGHRYHUWKH33&

$JHQGDIRU3UH3URFXUHPHQW&RQIHUHQFH,Q FRQGXFWLQJ WKH 33& WKH %$& &KDLUPDQVKDOOJHQHUDOO\ IROORZ WKH DJHQGD VKRZQ LQ

)RUP '3:+,1)5 7KXV WKH 33& VKRXOG FRYHU WKH IROORZLQJ LWHPV ,55$6HFWLRQ

D &RQILUPWKHGHVFULSWLRQDQGVFRSHRIWKHFRQWUDFW$%&DQGFRQWUDFWGXUDWLRQ


23/75

Q h t r RI



E (QVXUHWKDWWKHSURFXUHPHQWIRUWKHFRQWUDFWLVLQDFFRUGDQFHZLWKWKH3303DQG$33

F 'HWHUPLQH WKH VWDWHRI UHDGLQHVVRI WKH FRQWUDFW IRU SURFXUHPHQWE\ FKHFNLQJ

DPRQJRWKHUWKLQJV

WKH FRPSOHWLRQ RI WKH GHWDLOHG HQJLQHHULQJ DFFRUGLQJ WR WKH SUHVFULEHGVWDQGDUGV

WKHFRPSOHWHQHVVRIWKH%'VLQFOXGLQJWKH,$(%(OLJLELOLW\5HTXLUHPHQWV

,7%%'6*&&6&&6SHFLILFDWLRQV'UDZLQJV%24DQG)RUPVDQGWKHLU

DGKHUHQFHWRUHOHYDQWSURFXUHPHQWJXLGHOLQHV

WKH LQFOXVLRQ RI WKH FRQWUDFW LQ WKH '3:+ EXGJHW DV UHIOHFWHG LQ WKHH[LVWLQJRUSURSRVHG*$$RUIXQGHGE\WKH$%06$52DQG

WKHDYDLODELOLW\RIULJKWRIZD\ZLWKDWOHDVWDSHUPLWWRHQWHU

G 5HYLHZ PRGLI\ DQG DJUHH RQ WKH FULWHULD IRU HOLJLELOLW\ FKHFNVFUHHQLQJSUHOLPLQDU\ H[DPLQDWLRQ DQG GHWDLOHG HYDOXDWLRQ RI ELGV DQG SRVWTXDOLILFDWLRQ

DQGHQVXUHWKDWWKHVHFULWHULDDUHIDLUUHDVRQDEOHDQGRIWKHSDVVIDLOW\SH

H 5HYLHZDQGDGRSWWKHSURFXUHPHQWVFKHGXOHLQFOXGLQJWKHGHDGOLQHRUWLPLQJIRU

WKH ,$(%3UH%LG&RQIHUHQFH 3%& UHFHLSWDQGSURFHVVLQJRI/HWWHUVRI,QWHQW

/2, IRU (OLJLELOLW\ LVVXDQFHRI%'V UHFHLSWDQG RSHQLQJRIELGVHYDOXDWLRQRI

ELGV SRVWTXDOLILFDWLRQ DZDUG FRQWUDFW SURFHVVLQJ DQG DSSURYDO DQG 1RWLFH WR

3URFHHG

I )LQDOL]HDQGDSSURYHWKH,$(%

J 'LVFXVV RWKHU LPSRUWDQW PDWWHUV VXFK DV HPSKDVL]LQJ WKH QR FRQWDFW UXOHGXULQJ WKH ELG HYDOXDWLRQ SURFHVV DQG DSSOLFDEOH VDQFWLRQV DQG SHQDOWLHV IRUYLRODWLRQVRIWKHSURFXUHPHQWUXOHV

352&('85( &21'8&7 2) 7+( 35(352&85(0(17&21)(5(1&(


7LPH)UDPH

5XOHV

3UHSDUHDJHQGDIRUWKH

3UH3URFXUHPHQW

&RQIHUHQFH33&

%$&6HF

FG

8VH)RUP'3:+,1)5,QFOXGHWKHIROORZLQJLWHPVLQWKHDJHQGD

%DVLF&RQWUDFWGDWDLQFOXGLQJFRQWUDFW,'

QDPHORFDWLRQ

GHVFULSWLRQ$%&DQG

FRQWUDFWGXUDWLRQ

&RQVLVWHQF\RI

FRQWUDFWSURFXUHPHQW

ZLWK3303DQG$33

5HDGLQHVVRIWKH

FRQWUDFWIRU

SURFXUHPHQW

'HWDLOHG

HQJLQHHULQJ %'V


24/75

Q h t r RI



,QFOXVLRQRIFRQWUDFW

LQ'3:+EXGJHW

5LJKWRIZD\

&ULWHULDIRUHOLJLELOLW\

VFUHHQLQJELGVHYDOXDWLRQSRVW

TXDOLILFDWLRQDQGDZDUG

'HDGOLQHVWLPHVDQG

SODFHVIRU,$(%/2,

LVVXDQFHRI%'V3%&

UHFHLSWDQGRSHQLQJRIELGVELGV

HYDOXDWLRQHWF

$SSURYDORI,$(%

2WKHUPDWWHUV

,VVXH1RWLFHIRU33& %$&&KDLU FG 8VH)RUP'3:+,1)5IRU1RWLFH,QYLWH%$&

PHPEHUV6HFUHWDULDW,87:*PHPEHUVDQG

RWKHUVFRQFHUQHG

&RQGXFW33& %$&&KDLU

ZLWK%$&6HF

WRUHFRUG

SURFHHGLQJV

FG %HJXLGHGE\WKHDJHQGD

8VHDXGLRYLGHRUHFRUGV

DQGQRWHVWRUHFRUG

SURFHHGLQJV

3UHSDUH0LQXWHVRI33& %$&6HF FG 8VH)RUP'3:+,1)5

$SSURYH0LQXWHV %$&&KDLU FG

'LVWULEXWH0LQXWHV %$&6HF FG 7RDOO33&SDUWLFLSDQWV

5HYLVH%'VDV

QHFHVVDU\SHU33&

7:*ZLWK,8

WRSUHSDUH6HFWR

VXEPLW%$&

&KDLUWR

DSSURYH

FG %DVHGRQDJUHHPHQWVLQ

33&


25/75

Q h t r RI



6(&7,21

,16758&7,216217+(352&('85$/67(36)257+(352&85(0(172),1)5$6758&785(352-(&767+528*+&203(7,7,9(%,'',1*


26/75

Q h t r RI



&203(7,7,9(%,'',1*

6&23(2)&203(7,7,9(%,'',1*&RPSHWLWLYHRU3XEOLF%LGGLQJLVDPHWKRGRISURFXUHPHQWWKDWLVRSHQWRDQ\LQWHUHVWHG

DQG TXDOLILHG SDUW\ ,W LVSUHIHUUHG RYHU RWKHUPHWKRGVRISURFXUHPHQW $ 3URFXULQJ(QWLW\ VKRXOG WKHUHIRUHVHH WRLW WKDWLWVSURFXUHPHQWSURJUDPDOORZVHQRXJK WLPHWR

FRQGXFWVXFK3XEOLF%LGGLQJ,55$6HFWLRQ

&RPSHWLWLYH %LGGLQJ FRQVLVWV RI WKH IROORZLQJ SURFHVVHV DGYHUWLVHPHQW HOLJLELOLW\

FKHFNVFUHHQLQJRISURVSHFWLYHELGGHUVZLWKSULRUUHJLVWUDWLRQLQWKH'3:+5HJLVWU\3UH

%LG&RQIHUHQFHUHFHLSWRIELGVRSHQLQJDQGSUHOLPLQDU\H[DPLQDWLRQRIELGVHYDOXDWLRQ

RIELGVSRVWTXDOLILFDWLRQDQGDZDUGRIFRQWUDFW,55$6HFWLRQ>K@

7,0(/,1()25&203(7,7,9(%,'',1*

7KHSURFXUHPHQWSURFHVV WKURXJKFRPSHWLWLYHELGGLQJ IURPWKHRSHQLQJRIELGVXSWR

WKH DZDUG RI FRQWUDFW VKDOO QRW H[FHHG WKUHH PRQWKV RU D VKRUWHU SHULRG WR EHGHWHUPLQHGE\WKH'3:+3URFXULQJ(QWLW\FRQFHUQHG,55$6HFWLRQ

)RUDW\SLFDOLQIUDVWUXFWXUHFRQWUDFWFRVWLQJ3PLOOLRQRUOHVVWKH3URFXULQJ(QWLW\DQG

WKHELGGHUVVKDOOEHJXLGHGE\WKHVFKHGXOHRISURFXUHPHQWDFWLYLWLHVVKRZQLQ7DEOHZKLFKVKRZVWKHHDUOLHVWDQGODWHVWDOORZDEOHWLPHVIRUHDFKDFWLYLW\IURPDGYHUWLVHPHQW

XSWR1RWLFHWR3URFHHG7KHSURFXUHPHQWVFKHGXOHLVDOVRGHSLFWHGE\WKHEDUFKDUWLQ

)LJXUH

)URPWKHVHLWFDQEHVHHQWKDWWKHHQWLUHSURFXUHPHQWSURFHVVVKRXOGEHFRPSOHWHGLQ

GD\VDWWKHHDUOLHVWDQGGD\VDWWKHODWHVW


27/75

Q h t r RI



7$%/(6&+('8/(2)352&85(0(17$&7,9,7,(6)25$1,1)5$6758&785(&2175$&7:,7+$1$%&2)83723

0,//,21

$&7,9,7


28/75

Q h t r RI



BAC ACTIVITY

1.a. Advertise IAEB-1st

b. Advertise IAEB-2nd

c. Post IAEB in Website

2.a. Post/Issue LOI Formsb. Receive LOI

c. Implement LOI Deadline

d. Receive CCASR

e. Process CCASR and Issue CRC

f. Conduct Eligibility Check and

Issue Notice of Eligibility

3.a. Post Bidding Documents at

Website

b. Issue Bidding Documents

4.a. Call a Pre-Bid Conference

b.Issue Minutes of PBC

c. Issue Supplemental/Bid Bulletins

5.a. Receive Bids (Technical and

Financial Proposals)

b. Open Bids

6. Evaluate Bids & Determine LCB

7. Conduct Post-Qualification &

Determine LCRB

8.a. Draft BAC Resolution for Award

b. Obtain Approval of Resolution &

Issue Notice of Award

c. Receive Bidders Conforme on NOA

d. Post Bidding Results at Website

9.a. Finalize Contract Documents

b. Obtain Perf. Security from Bidder

& its Signature on Contract

c. Obtain Procuring Entity Officials

Signature on Contract

d. Obtain Contract Approval

e. Issue Notice to Proceed

LEGEND Earliest Date

Latest Date

(WITH AN ESTIMATED COST OF UP TO P 25 M)

FIGURE 1 TIMELINE OF PROCUREMENT ACTIVITIES FOR INFRASTRUCTURE CONTRACTS

In Calendar Days

0 5 10 20 30 40 50 60 70 80 90 100 110 120 130 14015 25 35 45 55 65 75 85 95 105 115 125 135

1

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

8 14x

1

1

14

x x

17

x17

44

62

65

67

74

74

89

96

96

111

x x

111

111

121

121

126

129

1

18

18

2

30

30

30

31

31

32

33

33

34

34

35

36

x

11 17

x32

x321x

x x

171

x741x

x x

11133

x


29/75

Q h t r RI



67(3 $'9(57,6($1'3267$1,19,7$7,2172$33/


30/75

Q h t r RI



7LPHDQG3ODFHIRU3RVWLQJ,$(%)RU HYHU\FRQWUDFWZLWK DQ$%& RIPRUH WKDQ)LYH0LOOLRQ3HVRV3PLOOLRQ WKH%$&

PXVW,55$6HFWLRQ

D DGYHUWLVH WKH ,$(% DW OHDVW WZLFH ZLWKLQ D PD[LPXP SHULRG RI IRXUWHHQ

FDOHQGDU GD\V SUHIHUDEO\ IURP WKH VHYHQWK WK FDOHQGDU GD\ DIWHU WKH 3UH

3URFXUHPHQW &RQIHUHQFH ZLWK DW OHDVW VL[ FDOHQGDU GD\V LQ EHWZHHQ

SXEOLFDWLRQV LQ D QHZVSDSHU RI JHQHUDO QDWLRQZLGH FLUFXODWLRQZKLFK KDV EHHQ

UHJXODUO\ SXEOLVKHG IRU DW OHDVW WZR \HDUV EHIRUH WKH GDWH RI WKH

DGYHUWLVHPHQW

E WKURXJKWKH&HQWUDO%$&6HFUHWDULDWSRVWWKH,$(%FRQWLQXRXVO\RQWKHZHEVLWHRI

WKH'3:+ DW ZZZGSZKJRYSK DQG WKH *(36GXULQJ WKHPD[LPXPSHULRG RI

IRXUWHHQFDOHQGDUGD\VVWDWHGDERYHDQG

F SRVWWKH,$(%DWDQ\FRQVSLFXRXVSODFHUHVHUYHGIRUWKLVSXUSRVHLQWKHSUHPLVHV

RIWKH3URFXULQJ(QWLW\FRQFHUQHGDVFHUWLILHGE\WKH+HDGRIWKH%$&6HFUHWDULDW

RIWKH3URFXULQJ(QWLW\GXULQJWKHVDPHGD\FDOHQGDUGD\SHULRGVWDWHGDERYHSRVWWKH,$(%DWWKHFLW\PXQLFLSDOKDOODQGRUSURYLQFLDOFDSLWROZKHUHWKHSURMHFW

LV ORFDWHGDQG VHQG WKH ,$(% WRWKH KHDGVRIFRQWUDFWRUV RUJDQL]DWLRQV LQWKHDUHD

)RUHYHU\FRQWUDFWZLWKDQ$%&RI3PLOOLRQRUOHVVWKH%$&VKDOO

D SRVWWKH,$(%FRQWLQXRXVO\RQWKHZHEVLWHRIWKH'3:+DQGWKH*(36GXULQJD

PD[LPXPSHULRGRIIRXUWHHQFDOHQGDUGD\V

E SRVWWKH,$(%DWDQ\FRQVSLFXRXVSODFHUHVHUYHGIRUWKLVSXUSRVHLQWKHSUHPLVHV

RIWKH3URFXULQJ(QWLW\FRQFHUQHGDVFHUWLILHGE\WKH+HDGRIWKH%$&6HFUHWDULDW

RIWKH3URFXULQJ(QWLW\ IRU WKHVDPHGD\FDOHQGDUGD\SHULRGVWDWHGDERYHSRVWWKH,$(%DWWKHFLW\PXQLFLSDOKDOODQGRUSURYLQFLDOFDSLWROZKHUHWKHSURMHFW

LV ORFDWHGDQG VHQG WKH ,$(% WRWKH KHDGVRIFRQWUDFWRUV RUJDQL]DWLRQV LQWKH

DUHDDQG

F LQWKHFDVHRIDSURYLQFLDOSURMHFWDVGHILQHGLQ6HFWLRQRIWKH,55$6HFWLRQ

9ROXPH,,,RIWKLV0DQXDOZLWKDQ$%&RI3PLOOLRQWR3PLOOLRQDGYHUWLVH

WKH,$(%ZLWKLQWKHVDPHFDOHQGDUGD\SHULRGLQDORFDOSURYLQFLDOQHZVSDSHU

352&('85($'9(57,6($1'3267$1,$(%


7LPH)UDPH

5XOHV

*HW,$(%IRUPDQGILOOLQGDWD

IRUWKHFRQWUDFWWREHELG

%$&

6HFUHWDULDW

FG

8VH)RUP'3:+,1)5IRUWKH,$(%5HIHUWRGDWD

IURP3303DQG%LG

'DWD6KHHW

6LJQWKH,$(% %$&

&KDLUPDQ

FG

6HQGVRIWFRS\RI,$(%E\H

PDLOGLVNHWWHSOXVRQHKDUG

FRS\WR&2%$&6HF

%$&

6HFUHWDULDW

FG 6LJQHG,$(%LVSDUW

RIFRQWUDFWVSHFLILF

LQIRWREHLQVHUWHGLQ

WKH6%'VIRUSRVWLQJ6HF9RO,,,
http://www.dpwh.gov.ph/http://www.dpwh.gov.ph/http://www.dpwh.gov.ph/


31/75

Q h t r RI



'30

3RVW,$(%LQ'3:+ZHEVLWH

DQG*(36

&HQWUDO%$&

6HFUHWDULDW

FG 3RVWFRQWLQXRXVO\

GXULQJWKHVDPHPD[SHULRGRIFGDVLQ

$FWLYLW\EHORZ

,I$%&LVPRUHWKDQ30

VHQG,$(%WRDQHZVSDSHUIRUDGYHUWLVHPHQW

%$&

6HFUHWDULDW

FG $GYHUWLVHDWOHDVW

WLPHVZLQDPD[SHULRGRIFGZDW

OHDVWFGEHWZHHQ

DGYWV1HZVSDSHU

PXVWEHRIQDWLRQDO

FLUFXODWLRQSXEOLVKHG

IRUDWOHDVW\HDUV

3RVW,$(%LQFRQVSLFXRXV

EXOOHWLQERDUGRI3URFXULQJ

(QWLW\DQGPXQLFLSDOFLW\

SURYLQFLDOKDOOVHQGFRSLHVWRFRQWUDFWRUVDVVRFLDWLRQV

GR FG 3RVWGXULQJWKHVDPH

PD[LPXPSHULRGRI

FGDVLQ$FWLYLW\

DERYH


32/75

Q h t r RI



67(35(&(,9(/2,$1'&21'8&7(/,*,%,/,7


33/75

Q h t r RI



D 7KHSURVSHFWLYHELGGHUKDVWKHNH\SHUVRQQHODYDLODEOHIRUWKHFRQWUDFWLIDZDUGHGWRLW

E ,WKDVWKHFRQVWUXFWLRQHTXLSPHQWDYDLODEOHIRUWKHFRQWUDFWLIDZDUGHGWRLW

F ,WLVQRWLQFOXGHGLQWKHJRYHUQPHQWEODFNOLVWRIFRQWUDFWRUV

G ,WGRHVQRWIDOOZLWKLQWKHGHJUHHRIUHODWLRQVKLSVZLWK'3:+SHUVRQQHOSURKLELWHG

E\5$

H ,I LWV1HW)LQDQFLDO&RQWUDFWLQJ&DSDFLW\ LV OHVV WKDQWKH$%&LW LV VXEPLWWLQJD

FUHGLWOLQHFRPPLWPHQWRUFDVKGHSRVLWFHUWLILFDWHIURPDOLFHQVHGEDQNHTXDOWR

DWOHDVWWHQSHUFHQWRIWKH$%&

I ,W KDV XSGDWHG LWV &RQWUDFWRUV ,QIRUPDWLRQ &, LQ WKH '3:+ 5HJLVWU\ RI

&RQWUDFWRUVLQFOXGLQJLWVRQJRLQJSURMHFWV

J ,I GHHPHG QHFHVVDU\ LW LV QRPLQDWLQJ LWV VXEFRQWUDFWRUV IRU WKH FRQWUDFW

LQGLFDWLQJWKHSRUWLRQVRIWKHFRQWUDFWZRUNVWREHGRQHE\HDFKVXEFRQWUDFWRUXVLQJ)RUP'3:+,1)5

K ,QWKHFDVHRID-RLQW9HQWXUH-9LWLVVXEPLWWLQJLWV-9$JUHHPHQWDQG6SHFLDO

-9/LFHQVHIURPWKH3&$%

(OLJLELOLW\5HTXLUHPHQWVRU&ULWHULD

$SURVSHFWLYHELGGHUDVLGHIURPEHLQJUHJLVWHUHGZLWKWKH'3:+5HJLVWU\RI&RQWUDFWRUV

IRU&LYLO:RUNV3URMHFWVPXVWPHHWWKHIROORZLQJUHTXLUHPHQWVRUFULWHULDWREHGHFODUHG

E\WKH'3:+DVHOLJLEOHIRUDSDUWLFXODUFRQWUDFWWREHELG,55$6HFWLRQ

D /HJDO5HTXLUHPHQWV

&LWL]HQVKLS

7KHSURVSHFWLYHELGGHUPXVWEHHLWKHURIWKHIROORZLQJ

D $)LOLSLQRFLWL]HQVROHSURSULHWRUVKLS

E $SDUWQHUVKLSGXO\RUJDQL]HGXQGHUWKHODZVRIWKH3KLOLSSLQHVDQG

RIZKLFKDWOHDVWVHYHQW\ILYHSHUFHQWRIWKHLQWHUHVWEHORQJV

WRFLWL]HQVRIWKH3KLOLSSLQHVRUF $FRUSRUDWLRQGXO\RUJDQL]HGXQGHUWKHODZVRIWKH3KLOLSSLQHVDQG

RI ZKLFK DW OHDVW VHYHQW\ ILYH SHUFHQW RI WKH RXWVWDQGLQJ

FDSLWDOVWRFNEHORQJVWRFLWL]HQVRIWKH3KLOLSSLQHVRUG $SHUVRQHQWLWLHV IRUPLQJ WKHPVHOYHV LQWR D MRLQW YHQWXUH LH D

JURXSRIWZRRUPRUHSHUVRQVHQWLWLHVWKDWLQWHQGWREHMRLQWO\

DQG VHYHUDOO\ UHVSRQVLEOH RU OLDEOH IRU D SDUWLFXODU FRQWUDFW

SURYLGHG WKDW LQ DFFRUGDQFHZLWK /HWWHU RI ,QVWUXFWLRQV 1R )LOLSLQRRZQHUVKLSRULQWHUHVW LQWKH MRLQWYHQWXUHFRQFHUQHG VKDOO

EHDWOHDVWVHYHQW\ILYHSHUFHQWRU

H $ FRRSHUDWLYH GXO\ UHJLVWHUHG ZLWK &RRSHUDWLYH 'HYHORSPHQW

$XWKRULW\

3&$%/LFHQVH

7KHSURVSHFWLYHELGGHUPXVWSRVVHVVDYDOLGOLFHQVHLVVXHGE\WKH3&$%LQDFFRUGDQFHZLWKWKHSURYLVLRQVRI5$,55$6HFWLRQIRU WKH $OORZDEOH 5DQJHRI&RQWUDFW&RVW $5&& DSSOLFDEOH WR WKH W\SH


34/75

Q h t r RI



DQG FRVWRIWKH FRQWUDFWWREHELG $FFRUGLQJ WR3&$%%RDUG5HVROXWLRQ1RVHULHVRIDQG*33%5HVROXWLRQ1RWKH$5&&LV

DVIROORZV

5HJLVWUDWLRQ3DUWLFXODUV

$OORZDEOH5DQJHRI&RQWUDFW&RVWLQ0LOOLRQ3HVRV

&DWHJRU\

3ULRUDQGXSWR

)RUSURMHFWV

DGYHUWLVHG

IRUELGGLQJ

SULRUDQGWR-XQH

)RUSURMHFWV

DGYHUWLVHG

IRUELGGLQJ

IURP-XO\WR-XQH

)RUSURMHFWV

DGYHUWLVHG

IRUELGGLQJ

IURP-XO\WR-XQH

)RUSURMHFWV

DGYHUWLVHG

IRUELGGLQJ

IURP-XO\WR-XQH

6PDOO$ 8SWR 8SWR 8SWR 8SWR

6PDOO% 8SWR 8SWR 8SWR 8SWR

0HGLXP$ 8SWR 8SWR 8SWR 8SWR

0HGLXP% 8SWR 8SWR 8SWR 8SWR

/DUJH$ 8SWR 8SWR 8SWR 8SWR

/DUJH% /HVVWKDQRU

DERYH

/HVVWKDQRU

DERYH

/HVVWKDQRU

DERYH

/HVVWKDQRU

DERYH

%XVLQHVV3HUPLW

7KHSURVSHFWLYHELGGHUPXVWKDYHDYDOLG%XVLQHVV3HUPLWIURPWKH&LW\RU

0XQLFLSDOLW\XVLQJ)RUP'3:+,1)5

%,57D[&OHDUDQFH

7KHSURVSHFWLYHELGGHUPXVWKDYHD%XUHDXRI,QWHUQDO5HYHQXH%,57D[&OHDUDQFHXVLQJ)RUP'3:+,1)5ZKLFKVKRZVWKDWLWKDVQRWD[

OLDELOLW\7KH%,57D[&OHDUDQFHDOVRJLYHVWKH7D[,GHQWLILFDWLRQ1XPEHU

7,1RIWKHSURVSHFWLYHELGGHU

1RQ,QFOXVLRQLQ%ODFNOLVW

7KHSURVSHFWLYHELGGHUPXVWQRWEHEODFNOLVWHGRUEDUUHGIURPELGGLQJE\

WKHJRYHUQPHQWDVVKRZQLQLWV$IILGDYLWXVLQJ)RUP'3:+,1)5

5HVWULFWLRQVRQ5HODWLRQVZLWK'3:+3HUVRQQHO&RQFHUQHG

,Q DFFRUGDQFH ZLWK 6HFWLRQ RI WKH ,55$ WKH SURVSHFWLYH ELGGHUVKRXOGQRWEHUHODWHGWRWKH+HDGRIWKH3URFXULQJ(QWLW\E\FRQVDQJXLQLW\

RU DIILQLW\ XS WR WKH WKLUG FLYLO GHJUHH RU WR DQ\ RI WKH RIILFHUV RU

HPSOR\HHVRIWKH3URFXULQJ(QWLW\KDYLQJGLUHFWDFFHVVWRLQIRUPDWLRQWKDW

PD\VXEVWDQWLDOO\DIIHFWWKHUHVXOWRIWKHELGGLQJVXFKDVEXWQRWOLPLWHG

WR WKH PHPEHUV RI WKH %$& WKH PHPEHUV RI WKH 7:* WKH %$&

6HFUHWDULDWWKHPHPEHUVRIWKH,8DQGWKHGHVLJQHUVRIWKHSURMHFW7KLV

SURKLELWLRQVKDOODSSO\WRWKHIROORZLQJSHUVRQV

D ,IWKHELGGHULVDQLQGLYLGXDORUDVROHSURSULHWRUVKLSWRWKHELGGHU

KLPVHOI

E ,IWKHELGGHULVDSDUWQHUVKLSWRDOOLWVRIILFHUVDQGPHPEHUV

F ,I WKH ELGGHU LV D FRUSRUDWLRQ WR DOO LWV RIILFHUV GLUHFWRUV DQGFRQWUROOLQJVWRFNKROGHUV


35/75

Q h t r RI



G ,I WKHELGGHULVD MRLQWYHQWXUH LWHPVD WKURXJKFDERYHIRUHDFKPHPEHURIWKHMRLQWYHQWXUH

7RHVWDEOLVKWKHQRQH[LVWHQFHRI WKHDERYHUHODWLRQVKLSDQGWRELQGWKH

%LGGHUV WR LWV UHSUHVHQWDWLRQ UHODWLQJ WR WKH IRUHJRLQJ DOO ELGVPXVW EH

DFFRPSDQLHGE\D'LVFORVXUH$IILGDYLW RIWKH ELGGHU WRWKDWHIIHFWXVLQJ

)RUP'3:+,1)5,55$6HFWLRQDQG6HFWLRQ%

7KH LQIRUPDWLRQ DQG GDWD IRU WKH UHTXLUHPHQWV XQGHU LWHPV D WR D DERYH

VKRXOG EH DYDLODEOH LQ WKH &RQWUDFWRUV ,QIRUPDWLRQ &, VWRUHG LQ WKH

FRPSXWHUL]HG'3:+ 5HJLVWU\ RI&RQWUDFWRUV DQG WKHUHIRUH GRQRW KDYH WREH

UHVXEPLWWHG E\ WKH SURVSHFWLYH ELGGHU LQ LWV /2, 7KH GRFXPHQWV IRU WKH

UHTXLUHPHQWV XQGHULWHPVDDQGDDERYHVKDOOEHVXEPLWWHGWRWKH%$&E\

WKHSURVSHFWLYHELGGHUDVSDUWRILWV/2,

E 7HFKQLFDO5HTXLUHPHQWV

:RUN([SHULHQFH

7KH SURVSHFWLYH ELGGHU PXVW KDYH VDWLVIDFWRULO\ FRPSOHWHG D VLQJOH FRQWUDFW

VLPLODUWRWKDWWREHELGDQGZKRVHYDOXHDGMXVWHGWRFXUUHQWSULFHVXVLQJWKH

FRQVXPHU SULFH LQGLFHV RI WKH 1DWLRQDO 6WDWLVWLFV 2IILFH DYDLODEOH DW WKH *(36

ZHEVLWH LV DW OHDVW ILIW\SHUFHQW RI WKH$%& WR EH ELG,55$6HFWLRQ 6PDOO$DQG6PDOO%FRQWUDFWRUVZLWKRXWVLPLODUH[SHULHQFHRQWKH

FRQWUDFWWREHELGKRZHYHUPD\EHDOORZHGWRELGLIWKHFRVWRIVXFKFRQWUDFWLV

QRWPRUHWKDQILIW\SHUFHQWRIWKHUDQJHRIFRQWUDFWFRVWDOORZHGIRUWKHP

LQWKHLU3&$%OLFHQVH

7KHUHTXLUHGZRUNH[SHULHQFHFDQEHREWDLQHGE\FRPSXWHUSURFHVVLQJRIWKH&,

DOUHDG\VWRUHGLQWKH'3:+5HJLVWU\RI&RQWUDFWRUVDQGWKXVGRHVQRWKDYHWR

EHUHVXEPLWWHGE\WKHSURVSHFWLYHELGGHULQLWV/2,

F )LQDQFLDO5HTXLUHPHQWV7KHSURVSHFWLYHELGGHUPXVWPHHWWKHUHTXLUHPHQWIRU1HW)LQDQFLDO&RQWUDFWLQJ

&DSDFLW\ 1)&& LQ LWHP EHORZ ,I LWV 1)&& LV QRW VXIILFLHQW WR PHHW WKH

UHTXLUHPHQWLWPXVWPHHWWKHUHTXLUHPHQWIRUHLWKHUWKHFUHGLWOLQHFRPPLWPHQW

LQLWHPRUWKHFDVKGHSRVLWFHUWLILFDWHLQLWHPEHORZ

1HW)LQDQFLDO&RQWUDFWLQJ&DSDFLW\1)&&

7KHSURVSHFWLYHELGGHUPXVWKDYHDQ1)&&DW OHDVW HTXDO WR WKH$%&RI

WKHFRQWUDFWWREHELGFDOFXODWHGDVIROORZV,55$6HFWLRQ1)&& >FXUUHQWDVVHWVPLQXVFXUUHQWOLDELOLWLHVPXOWLSOLHGE\.@PLQXV

WKH YDOXH RI DOO RXWVWDQGLQJ ZRUNVRU SURMHFWV XQGHU RQJRLQJ FRQWUDFWV

LQFOXGLQJDZDUGHGFRQWUDFWV\HWWREHVWDUWHGFRLQFLGLQJZLWKWKHFRQWUDFW

WREHELG

ZKHUH.IRUDFRQWUDFWGXUDWLRQRIRQH\HDURUOHVVIRUDFRQWUDFW

GXUDWLRQ RI PRUH WKDQ RQH\HDU XS WR WZR\HDUVDQG IRUD FRQWUDFW

GXUDWLRQRIPRUHWKDQWZR\HDUV

([DPSOH$%& 3

&XUUHQWDVVHWV 3

&XUUHQWOLDELOLWLHV 3


36/75

Q h t r RI



9DOXHRIRXWVWDQGLQJZRUNV

3

&RQWUDFWGXUDWLRQ \HDU

1)&& >33[@

3

33

3

6LQFHWKH1)&&LVPRUHWKDQWKH$%&WKH1)&&LVVXIILFLHQW

&UHGLW/LQH&RPPLWPHQW

7KH SURVSHFWLYH ELGGHU PXVW KDYH D FHUWLILFDWH RI FRPPLWPHQW IURP D

OLFHQVHGEDQNWRH[WHQGWRLWDFUHGLWOLQHZKLFKVKDOOEHXVHGH[FOXVLYHO\WRILQDQFHWKHFRQWUDFWDWKDQGLIDZDUGHGWRWKHELGGHUDQGZKLFKVKDOO

EH DW OHDVW HTXDO WR WHQ SHUFHQW RI WKH $%& DV LQGLFDWHG LQ LWVDFFRPSOLVKHG)RUP'3:+,1)5

&HUWLILFDWHRI&DVK'HSRVLW

7KHSURVSHFWLYHELGGHUPXVWKDYHD FHUWLILFDWHRIFDVKGHSRVLWLVVXHGE\DOLFHQVHGEDQNZKLFKVKDOOEHXVHGH[FOXVLYHO\WRILQDQFHWKH FRQWUDFWDW

KDQGLIDZDUGHG WRWKHELGGHU DQGZKLFKVKDOOEHDW OHDVWHTXDOWR WHQ

SHUFHQWRIWKH$%&DVLQGLFDWHGLQLWVDFFRPSOLVKHG)RUP'3:+

,1)5

7KHGDWDQHHGHGXQGHULWHP&DERYHWRGHULYHWKH1)&&DUHDOUHDG\LQWKH&,ILOHG LQ WKH FRPSXWHUL]HG'3:+5HJLVWU\RI&RQWUDFWRUV DQG WKHUHIRUH GRQRW

KDYH WR EH UHVXEPLWWHG E\ WKH SURVSHFWLYH ELGGHU LQ LWV /2, ,I WKH 1)&& LV

LQVXIILFLHQW KRZHYHU WKH GRFXPHQW QHHGHG XQGHU LWHP & RU & VKDOO EH

VXEPLWWHGE\WKHSURVSHFWLYHELGGHUDVSDUWRILWV/2,

(DFK VXEFRQWUDFWRUQRPLQDWHG E\DSURVSHFWLYHELGGHU LQ LWV /2,PXVWDOVRPHHW WKHIRUHJRLQJHOLJLELOLW\FULWHULDXQGHU6HFWLRQIRUWKHSRUWLRQVRIWKHFRQWUDFWZRUNV

WR EH GRQH E\ WKDW VXEFRQWUDFWRU 1RWZLWKVWDQGLQJ WKH QRPLQDWLRQ RI LWV VXE

FRQWUDFWRUV KRZHYHU WKH SURVSHFWLYH ELGGHUPXVW PHHW DOO HOLJLELOLW\ FULWHULD IRU WKH

HQWLUHFRQWUDFWZRUNVDVLI LWZHUHWRXQGHUWDNHWKHFRQWUDFWE\LWVHOIZLWKRXWDQ\VXE

FRQWUDFWRUV

5HJLVWUDWLRQLQWKH'3:+5HJLVWU\RI&RQWUDFWRUV

7REHUHJLVWHUHGZLWKWKH'3:+5HJLVWU\RI&RQWUDFWRUVIRU&LYLO:RUNV3URMHFWVZKLFKLV

D SUHUHTXLVLWH WR /2, SURFHVVLQJ D FRQWUDFWRUSURVSHFWLYH ELGGHU PXVW VXEPLW WR WKH&HQWUDO %$& 6HFUHWDULDW LWV &RQWUDFWRUV &RQILGHQWLDO $SSOLFDWLRQ 6WDWHPHQW IRU

5HJLVWUDWLRQRU&&$65)RUP'3:+,1)5ZKLFKLQFOXGHVWKH&ODVV$'RFXPHQWV

UHTXLUHGXQGHU,55$6HFWLRQDVIROORZV

D /HJDO'RFXPHQWV

9DOLG3&$%OLFHQVHDQGUHJLVWUDWLRQIRUWKHW\SHDQGFRVWRIFRQWUDFWWREH

ELG 6HH )RUP '3:+,1)5 ,Q WKH FDVH RI D MRLQW YHQWXUH WKHOLFHQVHDQGUHJLVWUDWLRQPXVWEHWKRVHRIWKHMRLQWYHQWXUHDQGQRWRIDQ\

RILWVPHPEHUV

'HSDUWPHQWRI7UDGHDQG,QGXVWU\'7,EXVLQHVVQDPHUHJLVWUDWLRQLQWKHFDVH RI D 6LQJOH 3URSULHWRUVKLS 6HH )RUP '3:+,1)5 RU 6(&UHJLVWUDWLRQFHUWLILFDWHLQWKHFDVHRID3DUWQHUVKLSRU&RUSRUDWLRQ


37/75

Q h t r RI



9DOLG DQG FXUUHQW &LW\0XQLFLSDO %XVLQHVV SHUPLW WR RSHUDWH 6HH )RUP

'3:+,1)5,QWKHFDVHRIDMRLQWYHQWXUHWKHEXVLQHVVSHUPLWRUPXQLFLSDOOLFHQVHPXVWEHRIWKHMRLQWYHQWXUHQRWDQ\RILWVPHPEHUV

%,57D[&OHDUDQFHSHU(26HULHVRIZKLFKDOVRFRQWDLQVWKH

7D[SD\HUV,GHQWLILFDWLRQ1XPEHURU7,16HH )RUP'3:+,1)5%,5)RUP1R%

E 7HFKQLFDO'RFXPHQWV

5HFRUGRI WKHSURVSHFWLYHELGGHUVFRPSOHWHGFRQWUDFWVERWKJRYHUQPHQW

DQGSULYDWHLQFOXGLQJWKHIROORZLQJLQIRUPDWLRQIRUHDFKFRQWUDFW

D &RQWUDFW,'QDPHDQGORFDWLRQ

E &RQWUDFWVWDUWDQGDFWXDOFRPSOHWLRQGDWHV

F 2ZQHUVQDPHDQGDGGUHVV

G 1DWXUHRIZRUNDQGVL]HGLPHQVLRQV

H &RQWUDFWRUV UROH ZKHWKHU VROH FRQWUDFWRU VXEFRQWUDFWRU RUSDUWQHULQDMRLQWYHQWXUHDQGSDUWLFLSDWLRQSHUFHQWDJH

I 7RWDODVEXLOWFRVWDWFRPSOHWLRQ

5HFRUGRI WKHSURVSHFWLYHELGGHUV RQJRLQJ FRQWUDFWV LQFOXGLQJDZDUGHG

EXWQRW\HWVWDUWHGERWKLQJRYHUQPHQWDQGWKHSULYDWHVHFWRULQGLFDWLQJ

WKHIROORZLQJIRUHDFKFRQWUDFW

D &RQWUDFW,'QDPHDQGORFDWLRQE &RQWUDFWVWDUWDQGFRPSOHWLRQGDWH

F 2ZQHUVQDPHDQGDGGUHVV

G 1DWXUHRIZRUNDQGVL]HGLPHQVLRQ

H &RQWUDFWRUVUROHDQGSDUWLFLSDWLRQSHUFHQWDJHI 3HUFHQWDJHZRUNDFFRPSOLVKHG

J 3HUFHQWDJHWLPHHODSVHG

F )LQDQFLDO'RFXPHQW

7KHSURVSHFWLYHELGGHUVDXGLWHG ILQDQFLDOVWDWHPHQWVWDPSHGUHFHLYHGE\WKH

%,5 RU LWV GXO\ DFFUHGLWHG DQG DXWKRUL]HG LQVWLWXWLRQV IRU WKH LPPHGLDWHO\

SUHFHGLQJFDOHQGDU\HDUVKRZLQJDPRQJRWKHUV WKH SURVSHFWLYHELGGHUV WRWDODQGFXUUHQWDVVHWVDQGOLDELOLWLHV

3URVSHFWLYHELGGHUVPD\REWDLQKDUGFRSLHVRIWKH&&$65IRUPVIURPWKH&HQWUDO%$&

6HFUHWDULDWRUGRZQORDGWKHIRUPVIURPWKH'3:+ZHEVLWH

7KH &HQWUDO %$&6HFUHWDULDW VKDOO RQO\ SURFHVV &&$65V ZLWK FRPSOHWH UHJLVWUDWLRQ

UHTXLUHPHQWV ,WVKDOO UHQWHU WKHGDWDIURPWKH&&$65LQWRWKHFRPSXWHUDQGUXQWKH

FRPSXWHUSURJUDPWRJHQHUDWHWKH&5&)RUP'3:+,1)5DQGWKHDFFRPSDQ\LQJ&, )RUP '3:+,1)5 7KH &5& ZLOO VWDWH WKDW WKH FRQWUDFWRU LV UHFRJQL]HG WRXQGHUWDNHVSHFLILFW\SHVRIFLYLOZRUNVSURMHFWVZLWKWKHLUUHVSHFWLYHFRVWUDQJHV7KH&,

ZLOOVKRZSDUWRIWKHHOLJLELOLW\GDWDUHTXLUHGLQWKLV6HFWLRQSDUWLFXODUO\WKHFRQWUDFWRUV

FDSDELOLW\LQWHUPVRILWVOHJDO3&$%OLFHQVHFODVVLILFDWLRQDQGYDOLGLW\EXVLQHVVSHUPLW

HWFILQDQFLDOWRWDODQGFXUUHQWDVVHWVDQGOLDELOLWLHVQHWZRUWKDQGDQQXDOWXUQRYHUDQGWHFKQLFDOFRPSOHWHGDQGRQJRLQJSURMHFWVZLWKQDWXUHFRVWVDQGVWDWXVDVSHFWV

$W DQ\ WLPH D FRQWUDFWRU PD\ XSGDWH LWV &, E\ VXEPLWWLQJ WKH DSSURSULDWH &&$65

GRFXPHQWV WR WKH %$& FRQFHUQHG ,W LV WKH UHVSRQVLELOLW\ RI WKDW %$& WR SURPSWO\


38/75

Q h t r RI



WUDQVPLW WKH VDLG GRFXPHQWV WR WKH &HQWUDO %$&6HFUHWDULDW ZKLFK VKDOO LPPHGLDWHO\SURFHVVWKHVDPHDQGLVVXHWKHXSGDWHG&,

'HWHUPLQDWLRQRI(OLJLELOLW\

7KH%$&WKDWUHFHLYHVWKHSURVSHFWLYHELGGHUV/2,VKDOOLPPHGLDWHO\WUDQVPLWLWWRWKH

5HJLRQDO%$&WKURXJKLWV6HFUHWDULDWIRUSURFHVVLQJLIWKH$%&LV3PLOOLRQRUOHVVRUWR

&HQWUDO%$&WKURXJKLWV6HFUHWDULDWIRUSURFHVVLQJLIWKH$%&LVPRUHWKDQ3PLOOLRQ

7KH %$& RI WKH 3URFXULQJ(QWLW\ VKDOO DOVR VXEPLW WR WKH 5HJLRQDO%$&6HFUHWDULDW RU

&HQWUDO %$&6HFUHWDULDW GHSHQGLQJ RQ WKH VDPH FRVW FULWHULRQ WKH &RQWUDFW3URILOH

&3XVLQJ)RUP'3:+,1)57KH&3ZLOOJLYHWKHEDVLFFRQWUDFWGDWDLQFOXGLQJWKH$%&ZRUNVVLPLODUWRWKRVHRIWKHFRQWUDFWWREHELGDQGFRQWUDFWGXUDWLRQ

7KH 5HJLRQDO %$&6HFUHWDULDW RU &HQWUDO %$&6HFUHWDULDW DV WKH FDVH PD\ EH VKDOO

HQWHUWKHGDWDIURPWKH /2,DQG&3LQWRWKH FRPSXWHUDQGUXQWKHFRPSXWHUSURJUDPZKLFKZLOO FRPELQH WKHVH GDWD ZLWK WKH&, DOUHDG\ VWRUHG LQ WKH FRPSXWHUL]HG '3:+

5HJLVWU\ RI &RQWUDFWRUV %\PDWFKLQJ WKH SURVSHFWLYHELGGHUV FDSDELOLW\ RU HOLJLELOLW\

GDWDLQLWV/2,DQG&,DJDLQVWWKHHOLJLELOLW\UHTXLUHPHQWVIRUWKHFRQWUDFWGHULYHGIURP

WKH &3 WKH FRPSXWHU SURJUDP ZLOO DXWRPDWLFDOO\ GHWHUPLQH ZKHWKHU RU QRW WKHSURVSHFWLYHELGGHUPHHWVWKHHOLJLELOLW\UHTXLUHPHQWVDQGWKHUHIRUHJHQHUDWHWKH1RWLFH

RI(OLJLELOLW\)RUP'3:+,1)5RU1RWLFHRI,QHOLJLELOLW\)RUP'3:+,1)57KHUHDVRQVIRULQHOLJLELOLW\ZLOODOVREHDXWRPDWLFDOO\VKRZQLQWKH1RWLFHRI,QHOLJLELOLW\

'XULQJWKHSRVWTXDOLILFDWLRQRIWKHELGGHUZLWKWKH ORZHVWFDOFXODWHGELG WKH%$&VKDOO

DOVR FRPSOHWH WKH HOLJLELOLW\ VFUHHQLQJ DQG SRVWTXDOLILFDWLRQ RI WKH VXEFRQWUDFWRUV

QRPLQDWHGE\WKDWELGGHULQLWV/2,IROORZLQJWKHVDPHFULWHULDDQGSURFHGXUHGHVFULEHG

DERYH IRU WKH HOLJLELOLW\ VFUHHQLQJ DQG SRVWTXDOLILFDWLRQ RI WKH VDLG ELGGHU 7KH

VXEFRQWUDFWRUVPXVWEHIRXQGHOLJLEOHDQGSRVWTXDOLILHGIRUWKHSRUWLRQVRIWKHFRQWUDFWZRUNV WKDW WKH\ ZLOO GR DV D SUHUHTXLVLWH WR DZDUG WR WKH ELGGHU 6KRXOG DQ\

VXEFRQWUDFWRU EH IRXQG LQHOLJLEOH RU SRVWGLVTXDOLILHG WKH VDLG ELGGHU VKDOO GLUHFWO\

XQGHUWDNHWKHSRUWLRQVRIWKHZRUNVLQWHQGHGWREHGRQHE\WKDWVXEFRQWUDFWRU

6DQFWLRQV RQ %$& 3HUVRQQHO IRU )DLOXUH WR 5HFRUG DQG7UDQVPLW/2,V

7KH%$&FRQFHUQHG LVREOLJHGWRLPPHGLDWHO\UHFRUGDOO/2,VDQGWUDQVPLWWKHPWRWKH

5HJLRQDORU&HQWUDO%$& IRU SURFHVVLQJ LIWKH$%& LVXSWR3PLOOLRQDQGDERYH3

PLOOLRQ UHVSHFWLYHO\ )DLOXUH RI WKH %$& WR GR VR ZLOO VXEMHFW WKH HUULQJ SHUVRQQHO

FRQFHUQHGLQFOXGLQJWKRVHRIWKH6HFUHWDULDWWRWKHIROORZLQJVDQFWLRQV

D )RUILUVWRIIHQVH 5HSULPDQG

E )RUVHFRQGRIIHQVH 6XVSHQVLRQIRUVL[PRQWKV

F )RUWKLUGRIIHQVH 'LVPLVVDOIURPWKHVHUYLFH

)RUWKLVSXUSRVHZLWKLQRQHGD\DIWHUWKHGHDGOLQHVHWIRUWKHUHFHLSWRIWKH/2,VWKH

%$&VKDOOVXEPLWWRWKH+HDGRIWKH3URFXULQJ(QWLW\DUHSRUWXVLQJ)RUP'3:+,1)5

VKRZLQJWKHQDPHVRIWKHFRQWUDFWRUVWKDWKDGWKHLU/2,VUHFHLYHGZLWKGUDZQDQGWUDQVPLWWHGWRWKH5HJLRQDO&HQWUDO%$&6HFUHWDULDWIRUSURFHVVLQJ

6DQFWLRQVRQ&RQWUDFWRUVIRU1RQ6XEPLWWDORU:LWKGUDZDORI/2,V

,IDFRQWUDFWRUZLWKGUDZVLWV/2,RULIIRXQGHOLJLEOHIDLOVWRVXEPLWDELGRUZLWKGUDZV

LWV ELG RU VXEPLWV DQ LQFRPSOHWH ELG ZLWKRXW D MXVWLILDEOH UHDVRQ LQ WKUHH VHSDUDWHLQVWDQFHVZLWKLQWZHOYHPRQWKVLQWKHHQWLUH'3:+WKDWFRQWUDFWRUVKDOOEHOLDEOH


39/75

Q h t r RI



IRU VXVSHQVLRQIRURQH \HDU IRU WKH ILUVWWKUHHWLPHRIIHQVHDQGVXVSHQVLRQRIWZR\HDUVIRUWKHVHFRQGWKUHHWLPHRIIHQVH6HFWLRQ

2QHRU1R/2,

(YHQLIRQO\RQHSURVSHFWLYHELGGHUVXEPLWVDQ/2,WKHELGGLQJSURFHVVVKDOOFRQWLQXH

,IWKDWELGGHULVODWHUGHFODUHGDVHOLJLEOHLWVELGLVIRXQGWREHUHVSRQVLYHWRWKHELGGLQJ

UHTXLUHPHQWVDQGLWSDVVHVWKHSRVWTXDOLILFDWLRQLWVELGVKDOOEHGHFODUHGDVWKH6LQJOH

&DOFXODWHG DQG 5HVSRQVLYH %LG 6&5% RUZLQQLQJ ELGGHU DQG FRQVLGHUHG IRU FRQWUDFW

DZDUG,55$6HFWLRQ,IQRSURVSHFWLYHELGGHUVXEPLWVDQ/2,WKH%$&VKDOOGHFODUHWKHELGGLQJDIDLOXUH,W

VKDOO UHYLHZWKHSURYLVLRQVRI WKHRULJLQDO%'VDQGZKHUHZDUUDQWHGPD\PRGLI\WKH

VFRSHRIZRUN VSHFLILFDWLRQV WHUPV FRQGLWLRQVDQG RWKHUSURYLVLRQVRI WKH %'V DQG

DGMXVWWKHTXDQWLW\DQGFRVWHVWLPDWHVZLWKRXWLQFUHDVLQJWKH$%&,WPXVWWKHQFRQGXFWDUHELGGLQJLQWKHSURFHVVIRUPXODWLQJDQHZ,$(%DQGDGYHUWLVLQJDQGSRVWLQJWKLVDV

UHTXLUHG$OOELGGHUVWKDWKDYHLQLWLDOO\UHVSRQGHGWRWKH,$(%DQGGHFODUHGHOLJLEOHLQWKHILUVW ELGGLQJ VKDOO EH DOORZHG WR VXEPLW QHZ ELGV 7KH %$& VKDOO REVHUYH WKH VDPH

SURFHVV DQG VHW WKH QHZSHULRGV DFFRUGLQJ WR WKH VDPH UXOHV DV LQ WKH ILUVW ELGGLQJ,55$6HFWLRQ6KRXOG D VHFRQG IDLOXUH RI ELGGLQJ RFFXU WKH 3URFXULQJ (QWLW\ PD\ HQWHU LQWR D

QHJRWLDWHGSURFXUHPHQWDVSURYLGHGIRULQ,55$6HFWLRQ,55$6HFWLRQ

5HTXHVWIRU5HFRQVLGHUDWLRQRI,QHOLJLEOH%LGGHU$SURVSHFWLYHELGGHUWKDWLVIRXQGLQHOLJLEOHKDVVHYHQFDOHQGDUGD\VIURPUHFHLSWRI

WKH1RWLFHRI,QHOLJLELOLW\ZLWKLQZKLFKWRILOHDZULWWHQUHTXHVWIRUUHFRQVLGHUDWLRQEHIRUH

WKH%$& 7KH%$&VKDOO UHVROYH VXFK UHTXHVWZLWKLQ VHYHQ FDOHQGDU GD\V DIWHU LW

UHFHLYHV LW ,Q VR GRLQJ LW FDQ UHTXHVW WKHSURVSHFWLYH ELGGHU WR FODULI\ LWV HOLJLELOLW\

GRFXPHQWVLIQHFHVVDU\,55$6HFWLRQ

,ILWVUHTXHVWIRUUHFRQVLGHUDWLRQLVGHQLHGWKHLQHOLJLEOHELGGHUPD\SURWHVWWKHGHFLVLRQ

LQZULWLQJWRWKH+HDGRIWKH3URFXULQJ(QWLW\ZLWKLQVHYHQFDOHQGDUGD\VIURPUHFHLSW

RIWKH%$&GHFLVLRQ$SURWHVWPD\EHPDGHE\ILOLQJDYHULILHGSRVLWLRQSDSHUZLWKWKH+HDG RI WKH 3URFXULQJ (QWLW\ FRQFHUQHG DFFRPSDQLHG E\ WKH SD\PHQW RI D QRQ

UHIXQGDEOHSURWHVWIHHHTXLYDOHQWWRQROHVVWKDQRQHSHUFHQWRIWKH$%&,55$6HFWLRQ7KH SURWHVWVVKDOOEHUHVROYHGVWULFWO\EDVHGRQUHFRUGVRIWKH%$& 7KH+HDGRIWKH

3URFXULQJ (QWLW\ VKDOO UHVROYH D SURWHVW ZLWKLQ VHYHQ FDOHQGDU GD\V IURP UHFHLSWWKHUHRI 6XEMHFW WR WKH SURYLVLRQV RI H[LVWLQJ ODZV RQ WKH DXWKRULW\ RI WKH '3:+

6HFUHWDU\DQGWKHKHDGVRIDJHQFLHVWRDSSURYHFRQWUDFWVWKHGHFLVLRQVRIWKH+HDGRIWKH 3URFXULQJ (QWLW\ VKDOO EH ILQDO XS WR WKH OLPLW RI KLV FRQWUDFW DSSURYLQJ DXWKRULW\

,55$6HFWLRQ

0LVUHSUHVHQWDWLRQRU&KDQJHLQ&DSDELOLW\RI%LGGHU

1RWZLWKVWDQGLQJWKHHOLJLELOLW\RIDSURVSHFWLYHELGGHUWKH3URFXULQJ(QWLW\UHVHUYHVWKHULJKW WR UHYLHZ LWV TXDOLILFDWLRQV DW DQ\ VWDJH RI WKH SURFXUHPHQW SURFHVV LI LW KDV

UHDVRQDEOH JURXQGV WR EHOLHYH WKDW D PLVUHSUHVHQWDWLRQ KDV EHHQ PDGH E\ WKH VDLG

SURVSHFWLYHELGGHURUWKDWWKHUHKDVEHHQDFKDQJHLQWKHFDSDELOLW\RIWKHSURVSHFWLYH

ELGGHUWRXQGHUWDNHWKHFRQWUDFWIURPWKHWLPHLWVXEPLWWHGLWVHOLJLELOLW\UHTXLUHPHQWV

6KRXOGVXFKUHYLHZXQFRYHUDQ\PLVUHSUHVHQWDWLRQPDGHLQWKHHOLJLELOLW\UHTXLUHPHQWV

VWDWHPHQWVRUGRFXPHQWVRUDQ\FKDQJHVLQWKHVLWXDWLRQRIWKHSURVSHFWLYHELGGHUWKDWZLOO DIIHFW LWV FDSDELOLW\ WRXQGHUWDNH WKH FRQWUDFW VR WKDW LW IDLOV WKH SUHVHW HOLJLELOLW\


40/75

Q h t r RI



FULWHULD WKH 3URFXULQJ (QWLW\ VKDOO GHFODUH WKH VDLG SURVSHFWLYH ELGGHU LQHOLJLEOH DQGGLVTXDOLI\ LW IURP VXEPLWWLQJ D ELG RU IURP REWDLQLQJ DQ DZDUG RU FRQWUDFW ,55$

6HFWLRQ $ SURVSHFWLYH ELGGHU IRXQG JXLOW\ RI IDOVH LQIRUPDWLRQ IDFHVLPSULVRQPHQWRIQRWOHVVWKDQVL[\HDUVDQGRQHGD\EXWQRWPRUHWKDQ\HDUV

,55$6HFWLRQ

2QHRU1R(OLJLEOH%LGGHU

(YHQLIRQO\RQHELGGHUSDVVHVWKHHOLJLELOLW\FKHFNWKHELGGLQJSURFHVVVKDOOFRQWLQXH,I

WKDW ORQH HOLJLEOH ELGGHU VXEPLWV D ELG WKDW LV IRXQG WR EH UHVSRQVLYH WR WKH ELGGLQJ

UHTXLUHPHQWVDQG LWSDVVHV WKHSRVWTXDOLILFDWLRQLWVELG VKDOOEHGHFODUHGDV WKH6&5%

DQGFRQVLGHUHGIRUFRQWUDFWDZDUG,55$6HFWLRQ

,I QR SURVSHFWLYH ELGGHU LV IRXQG WR EH HOLJLEOH WKH %$& VKDOO GHFODUH WKH ELGGLQJ D

IDLOXUH ,WVKDOOUHYLHZ WKHSURYLVLRQVRIWKHRULJLQDO%'VDQGZKHUHZDUUDQWHGPD\PRGLI\WKHVFRSHRIZRUNVSHFLILFDWLRQVWHUPVFRQGLWLRQVDQGRWKHUSURYLVLRQVRIWKH

%'VDQGDGMXVW WKH TXDQWLW\DQG FRVWHVWLPDWHVZLWKRXW LQFUHDVLQJ WKH$%& ,WPXVW

WKHQFRQGXFWDUHELGGLQJ LQWKHSURFHVV IRUPXODWLQJDQHZ ,$(%DQGDGYHUWLVLQJDQG

SRVWLQJ WKLV DV UHTXLUHG $OO ELGGHUV WKDW KDYH LQLWLDOO\ UHVSRQGHG WR WKH ,$(% DQGGHFODUHGHOLJLEOHLQWKHILUVWELGGLQJVKDOOEHDOORZHGWRVXEPLWQHZELGV7KH%$&VKDOO

REVHUYHWKHVDPHSURFHVVDQGVHWWKHQHZSHULRGVDFFRUGLQJWRWKHVDPHUXOHVDVLQWKHILUVWELGGLQJ,55$6HFWLRQ

6KRXOG D VHFRQG IDLOXUH RI ELGGLQJ RFFXU WKH 3URFXULQJ (QWLW\ PD\ HQWHU LQWR D

QHJRWLDWHGSURFXUHPHQWDVSURYLGHGIRULQ,55$6HFWLRQ,55$6HFWLRQ

352&('85(67(35(&(,9(/2,$1'&21'8&7(/,*,%,/,7


41/75

Q h t r RI



SURFHVVLQJ

G(QWHUGDWDRI&&$65LQWKH

FRPSXWHUDQGHOHFWURQLFDOO\

SURFHVVWKHVDPHWRJHQHUDWH&5&ZLWK&,

H,VVXH&5&ZLWK&,WR

FRQWUDFWRUWKURXJK%$&

6HFUHWDULDWFRQFHUQHG

I7UDQVPLW&5&ZLWK&,WR

FRQWUDFWRU

5HFHLYHDFFRPSOLVKHG/2,IRUP

IURPSURVSHFWLYHELGGHUXSRQ

SUHVHQWDWLRQRI&5&

7UDQVPLW/2,IRUHOHFWURQLF

SURFHVVLQJWR

D5HJLRQDO%$&6HFLI$%&LV

XSWR30

E&HQWUDO%$&6HFLI$%&LV

PRUHWKDQ30

6XEPLWWRWKH+HDGRI3URFXULQJ

(QWLW\DUHSRUWRQ/2,VUHFHLYHG

DQGWUDQVPLWWHG

(QWHUGDWDIURPUHFHLYHG/2,V

DQG&3LQWRFRPSXWHUSURJUDP

DQGSURFHVVWRGHWHUPLQH

HOLJLELOLW\RUQRQHOLJLELOLW\RISURVSHFWLYHELGGHU

D,I$%&LVXSWR30

E,I$%&LVPRUHWKDQ30

,VVXH1RWLFHVRI(OLJLELOLW\DQG1RWLFHVRI,QHOLJLELOLW\WR

SURVSHFWLYHELGGHUV

D,I$%&LVXSWR30

E,I$%&LVPRUHWKDQ30

6XEPLWWRWKH+HDGRI3URFXULQJ

(QWLW\DUHSRUWRQ/2,VUHFHLYHG

DQGWUDQVPLWWHG

FG

FG

FG

A h q

G P D q r h q y v r

FG

v r q v h r y

r p r v

p q h s r

q r h q y v r s

r p r v s

G P D

p q h s r

r p r v

p q h s r

r p r v v t

I v p r s

@ y v t v i v y v h q

D r y v t v i v y v

7 6 8 T r p

r h r h q

7 6 8 8 u h v

i v

8VHWKHSUHVFULEHG'3:+

FRPSXWHUSURJUDPIRU

HOHFWURQLFSURFHVVLQJRI&&$652XWSXWZLOOEH&5&

)RUP'3:+,1)5ZLWK&,)RUP'3:+,1)5

8VH)RUP'3:+,1)5

8VHWKHSUHVFULEHG'3:+

FRPSXWHUSURJUDP2XWSXWZLOO

EH1RWLFHVRI(OLJLELOLW\)RUP'3:+,1)5DQG1RWLFHVRI,QHOLJLELOLW\)RUP'3:+,1)5

7KUX'LVWULFW%$&LI$%&LVQRW

PRUHWKDQ30

8VH)RUP'3:+,1)5


42/75

Q h t r RI



,668(7+(%,'',1*'2&80(176/(*$/5()(5(1&(,55$6HFWLRQVDQGSURYLGHWKHUXOHVLQUHODWLRQWRWKHLVVXDQFHRIWKH%LGGLQJ

'RFXPHQWV%'V

32/,&,(6$1'*8,'(/,1(6

$YDLODELOLW\RI%LGGLQJ'RFXPHQWV

7KH3URFXULQJ(QWLW\VKDOOLVVXHKDUGFRSLHVRIWKH%'VWRHOLJLEOHELGGHUVXSRQSD\PHQW

RIWKH IHH WKHUHIRUZLWKLQ WKLUW\FDOHQGDUGD\VIURPWKH ODVWGD\RIWKHSHULRGRI

DGYHUWLVLQJ DQGRU SRVWLQJ RI WKH ,$(% ,55$ 6HFWLRQ 7KH ODVW GD\ IRULVVXDQFHRI%'VVKDOOEHZLWKLQWKHIROORZLQJSHULRGEHIRUHWKHRSHQLQJRIELGV

$SSURYHG%XGJHWIRUWKH&RQWUDFW 0LQLPXP3HULRG%HIRUH%LGV2SHQLQJ

&DOHQGDU'D\V

8SWR30 $ERYH30XSWR30

$ERYH30XSWR30

$ERYH30

7KH3URFXULQJ(QWLW\VKDOODOVRSRVWWKH%'VDW WKH'3:+ZHEVLWHVWDUWLQJRQ WKH ILUVW

GD\ RIDGYHUWLVHPHQWDQG SRVWLQJRIWKH ,$(%7KXVHOLJLEOHELGGHUVDVZHOODVRWKHU

LQWHUHVWHGSDUWLHVPD\GRZQORDGWKH%'V IURPWKH'3:+ZHEVLWH7KH\VKDOOSD\ WKH

IHHIRUWKH%'VZKHQWKH\VXEPLWWKHLUELGVWRWKH%$&

%HIRUHWKHLURIILFLDOUHOHDVHWKH%'VDUHVWULFWO\FRQILGHQWLDODQGVKDOOQRWEHGLYXOJHGRUUHOHDVHG WR DQ\ SHUVRQ H[FHSW WR WKRVH RIILFLDOO\ DXWKRUL]HG LQ WKH KDQGOLQJ RI WKH

GRFXPHQWV +RZHYHU DIWHU WKHLURIILFLDO UHOHDVH WKH\ VKDOOEHPDGH DYDLODEOH WR WKH

SXEOLF

)HHIRU%LGGLQJ'RFXPHQWV7KH%$&VKDOOUHTXLUHHOLJLEOHELGGHUVWKDWREWDLQWKH%'VWRSD\DIHHWKDWZLOOUHFRYHU

WKHFRVWVRISURGXFLQJWKH%'V7KHVHFRVWVPD\LQFOXGHWKHIROORZLQJ

D 'LUHFWFRVWVZKLFKFRQVLVWRIWKHIROORZLQJ

'HYHORSPHQWFRVWVLQFXUUHGLQSUHSDULQJWKHFRQWHQWRIWKH%'VLQFOXGLQJGHVLJQVGUDZLQJVDQGVSHFLILFDWLRQV7KHGHVLJQFRVWVKDOOEHH[FOXGHGLILW

LVLQFOXGHGLQWKHFDSLWDOL]HGFRVWRIWKHSURMHFWWREHUHFRYHUHGIURPWKH

XVHRIWKHFRPSOHWHGIDFLOLW\

5HSURGXFWLRQ FRVWV FRYHULQJ ODERU VXSSOLHV DQG HTXLSPHQW UHQWDO FRVWV

LQFXUUHGLQUHSURGXFLQJWKHGRFXPHQWV

&RPPXQLFDWLRQ FRVWV LQFOXGLQJ FRVWV RI PDLO DGYHUWLVLQJ PHHWLQJV

LQWHUQHWZHE SRVWLQJ DQG RWKHU FRVWV LQFXUUHG LQ GLVVHPLQDWLQJ

LQIRUPDWLRQDERXWWKHELGGLQJ

E ,QGLUHFWFRVWVVXFKDVRYHUKHDGVXSHUYLVLRQDQGDGPLQLVWUDWLYHFRVWVDOORFDWHGWRWKHELGGLQJDFWLYLWLHV7KLVPD\LQFOXGHKRQRUDULDWR%$&DQG7:*PHPEHUV


43/75

Q h t r RI



DXWKRUL]HGXQGHU'%0%XGJHW&LUFXODU1RSXUVXDQWWR6HFWLRQRI5$ IRU VXFFHVVIXOO\ FRPSOHWHG SURFXUHPHQW SURMHFWV DW WKH UDWHV SURYLGHG

WKHUHLQSURYLGHGWKDWWKHDYHUDJHPRQWKO\KRQRUDULXPRYHURQH\HDUJUDQWHGD

SHUVRQQHOVKDOOQRWH[FHHGWZHQW\ILYHSHUFHQWRIKLVEDVLFPRQWKO\VDODU\

$JHQFLHV DUH DOORZHG WRUHWDLQ ILIW\SHUFHQW RI WKHLUFROOHFWLRQVIURP WKH

VDOHRI%'VWREHXVHGWRSD\VXFKKRQRUDULD

7KHIHHWREHSDLGVKDOOEHFDOFXODWHGE\JHWWLQJWKHVXPRI'LUHFWDQG,QGLUHFW&RVWVDQG

GLYLGLQJWKLVE\WKHH[SHFWHGQXPEHURISURVSHFWLYHELGGHUVWKDWZLOOSXUFKDVHWKH%'V

5HVSRQVLELOLWLHVRI(OLJLEOH%LGGHURQ%LGGLQJ'RFXPHQWV

$QHOLJLEOHELGGHUPXVWEHUHVSRQVLEOHIRUKDYLQJ,55$6HFWLRQ

D H[DPLQHGDOORIWKH%'V

E DFNQRZOHGJHGDOOFRQGLWLRQVORFDO RU RWKHUZLVH DIIHFWLQJWKHLPSOHPHQWDWLRQRI

WKHFRQWUDFW

F PDGHDQHVWLPDWHRIWKHIDFLOLWLHVDYDLODEOHDQGQHHGHGIRUWKHFRQWUDFWDQG

G FRPSOLHGZLWKLWVUHVSRQVLELOLW\XQGHU,55$6HFWLRQZKLFKSURYLGHVWKDW

DOO WKRVH ZKR KDYH REWDLQHG WKH %'V VKDOO EH UHVSRQVLEOH IRU LQTXLULQJ DQG

VHFXULQJ%LG%XOOHWLQV$GGHQGDWKDWPD\EHLVVXHGE\WKH%$&

7KH 3URFXULQJ (QWLW\ VKDOO QRW EH UHVSRQVLEOH IRU DQ\ HUURQHRXV LQWHUSUHWDWLRQ RU

FRQFOXVLRQV E\ WKH SURVSHFWLYH RU HOLJLEOH ELGGHUV RQ WKH GDWD LW IXUQLVKHG ,55$6HFWLRQ

(OLJLEOH ELGGHUV DUH GHHPHG WR EH IDPLOLDU ZLWK DOO H[LVWLQJ 3KLOLSSLQH ODZV GHFUHHV

RUGLQDQFHVDFWVDQGUHJXODWLRQVWKDWPD\DIIHFWWKHFRQWUDFWLQDQ\ZD\,IWKHFRQWUDFWLV DIIHFWHG E\ QHZ ODZV RUGLQDQFHV UHJXODWLRQV RU RWKHU DFWV RI JRYHUQPHQW

SURPXOJDWHGDIWHUWKHGDWHRIWKHELGGLQJDFRQWUDFWSULFHDGMXVWPHQWVKDOOEHPDGHRU

DSSURSULDWH UHOLHI VKDOO EH DSSOLHG RQ D QR ORVVQR JDLQ EDVLV SURYLGHG VXFK LV QRW

FRYHUHGE\WKHFRQWUDFWSURYLVLRQVRQSULFHDGMXVWPHQW,55$6HFWLRQ

352&('85(,668(7+(%,'',1*'2&80(176

$FWLYLW\ 3HUIRUPHU 7LPH)UDPH 5XOHV

3RVW%'VDW'3:+ZHEVLWHIRU

LQIR RI DQG GRZQORDGLQJ E\

SURVSHFWLYHELGGHUVDQGRWKHU

SDUWLHV6HH$FWLYLW\LQ6HF 9RO ,,, '30 RQ

3UHSDULQJWKH%'V

&HQWUDO

%$&ZLWK

0,6

)URPV W GD\

RIDGYW

SRVWLQJRI

,$(%XSWRGHDGOLQHIRU

ELGVUHFHLSW

(OLJLEOHELGGHUVWKDW

GRZQORDGHGWKH%'V

IURPWKHZHEVLWHVKDOO

SD\WKHIHHIRUWKH%'VZKHQWKH\VXEPLWWKHELGV.

,VVXHKDUGFRSLHVRI%'VWR

HOLJLEOHELGGHUVXSRQSD\PHQW

RIIHHVDQGLVVXH2IILFLDO

5HFHLSW

%$&

6HFUHWDULDW

V W GD\RI

DGYWSRVWLQJ

RI,$(%XSWR

FGEHIRUHELGV

UHFHLSW

2EVHUYHSUHVFULEHG

SHULRGIRULVVXDQFHRI

%'V6HF

9RO,,,'30

5HFRUGDOOHOLJLEOHELGGHUV

WKDWSXUFKDVHGDQGSDLGIRU

WKH%'V

%$&

6HFUHWDULDWGR


44/75

Q h t r RI



67(3 &$//35(%,'&21)(5(1&($1',)1(&(66$5


45/75

Q h t r RI



DQG LQWHUDFWLRQV ZLWK WKH ELGGHUV GXULQJ DOO VWDJHV RI WKH SURFXUHPHQW 7KHUHSUHVHQWDWLYHV RI WKH ELGGHU DUH OLNHZLVH HQMRLQHG WR DGRSW WKH VDPH SURIHVVLRQDO

PDQQHU LQ WKHLU GHDOLQJV ZLWK WKH RIILFLDOV RI WKH 3URFXULQJ (QWLW\ &RPPXQLFDWLRQV

EHWZHHQWKHSDUWLHVPXVWDVPXFKDVSRVVLEOHEHPDGHLQZULWLQJH[FHSWGXULQJ WKH

3%& ZKHQ YHUEDO FODULILFDWLRQV PD\ EH DOORZHG NHHSLQJ LQ PLQG KRZHYHU WKDW DQ\

VWDWHPHQW PDGH DW WKH 3%& ZRXOG QRW PRGLI\ WKH WHUPV RI WKH %'V XQOHVV LW LV

VSHFLILFDOO\ZULWWHQDVDQDPHQGPHQWRIWKH%'VDQGLVVXHGDVD%LG%XOOHWLQ

&ODULILFDWLRQRI%LGGLQJ'RFXPHQWV

(OLJLEOH ELGGHUV PD\ UHTXHVW FODULILFDWLRQ RU LQWHUSUHWDWLRQ RI DQ\ SDUW RI WKH %'V

SURYLGHG WKDW WKLV UHTXHVW LV LQ ZULWLQJ DQG VXEPLWWHG WR WKH %$& DW OHDVW WHQ

FDOHQGDUGD\VEHIRUH WKH GHDGOLQHIRU WKH UHFHLSWRIELGV ,QWKLV FDVHWKH%$& VKDOO

LVVXH LWV UHVSRQVH E\ LVVXLQJ D %LG %XOOHWLQ $GGHQGXP WR EHPDGH DYDLODEOH WR DOO

WKRVHWKDWKDYHVHFXUHGWKH%'VDWOHDVWVHYHQFDOHQGDUGD\VEHIRUHWKHGHDGOLQHIRUWKHUHFHLSWRIELGV,55$6HFWLRQ

7KH %$& PD\ DW LWV RZQ LQLWLDWLYH DOVR LVVXH %LG %XOOHWLQV WR FODULI\ RU PRGLI\ DQ\

SURYLVLRQRIWKH%'VQRWODWHUWKDQVHYHQFDOHQGDUGD\VEHIRUHWKHGHDGOLQHIRUWKHUHFHLSWRIELGV$Q\PRGLILFDWLRQWRWKH%'VPXVWEHLGHQWLILHGDVDQ$0(1'0(17LQ

WKH%LG%XOOHWLQ,55$6HFWLRQ7KH%$&VKDOO WKURXJKWKH&HQWUDO%$&6HFUHWDULDWDOVRSRVWWKH%LG%XOOHWLQVRQWKH

'3:+ZHEVLWHDQGRQWKH*(36ZLWKLQWKHVDPHWLPHWDEOH

1RQHWKHOHVVLWVKDOOEHWKHUHVSRQVLELOLW\RIHOLJLEOHELGGHUVWRDVNIRUDQGVHFXUHWKHVH

EXOOHWLQV

$ %LG %XOOHWLQPXVW FRQWDLQ D EULHI EXW FRPSUHKHQVLYH DQG DFFXUDWH VXPPDU\ RI WKH

LVVXHWKDWWKH%$&ZLVKHVWRDGGUHVV,IDQHOLJLEOHELGGHUUDLVHVWKHLVVXHDGGUHVVHGE\

WKH%XOOHWLQWKHQWKH%XOOHWLQRXJKWWRFRQWDLQDVXPPDU\RIWKHUHTXHVWRIWKDWELGGHUIRUFODULILFDWLRQRULQWHUSUHWDWLRQZLWKRXWLGHQWLI\LQJWKHELGGHU

%LGGHUV WKDW KDYH VXEPLWWHGELGV EHIRUH D %LG %XOOHWLQ LV LVVXHGPXVW EH LQIRUPHG LQ

ZULWLQJ E\ WKH %$& RIWKH%XOOHWLQDQG DOORZHG WRPRGLI\ RUZLWKGUDZWKHLUUHVSHFWLYH

ELGV,55$6HFWLRQ

352&('85(&$//35(%,'&21)(5(1&($1',)1(&(66$5


46/75

Q h t r RI



r v u u r C r h q

s u r Q p v t @ v

i P i r r

" 8 q p u r Q 7 8 7 6 8 8 u h v h

h v r q i 7 6 8

T r p r h v h

p q

! p q i r s r

q r h q y v r s

i v q r p r v

A y y u r h t r q h U u r 7 6 8

8 u h v h h p h y y h

p p r r q s s v p v h y 7 6 8 U X B

D V h q T r p r h v h r y h v

p y h v s v r v u r h t r q h h q

r q r v r p r

s i v q q r U u r 7 6 8

T r p r h v h v y y r p q u r

p r r q v t i h r r p q r

v q r r p q r h q h h y y

# Q r h r u r H v r s u r

Q 7 8

7 6 8 T r p r h v h 1 " p q

h s r Q 7 8

V r A 9 Q X C D I A S ! &

$ S r p r v r v r r r s

p y h v s v p h v h s r u r Q 7 8 s

r p v r i v q q r

7 6 8 T r p r h v h p q i r s r

q r h q y v r s

i v q r p r v

% Q r h r r y v r v r

r r s p y h v s v p h v

7 6 8 T r p r h v h

v u 7 6 8 U X B

p q h s r

r p r v s

r r

& Q r h r 7 v q 7 y y r v v s h 7 6 8 U X B v u D V

h q 7 6 8

T r p r h v h

! p q h s r

Q 7 8 ' p q

i r s r

q r h q y v r s

i v q r p r v

U u r r h r v r q h v

h p p q h p r v u Q 7 8

q v p v i v r r

v r r r s p y h v s v p h v

h q p h u r v v v h v r s u r

Q p v t @ v p y h v s

q v s h v v s u r 7 9

V r A 9 Q X C D I A S ! '

' T v t u r H v r s Q 7 8

v u 7 v q 7 y y r v h q r y v r

v r r r s

p y h v s v p h v

7 6 8 8 u h v h " p q h s r

Q 7 8 h q 1 & p q

i r s r

q r h q y v r s

i v q r p r v

( D r v t r q H v r s

Q 7 8 7 v q 7 y y r v h q r y v r

v r r r s

p y h v s v p h v

7 6 8 T r p r h v h V v t v t T r q h y y r y v t v i y r i v q q r Q 7 8

h v p v h h q u r h v r

u h r v r r r s

p y h v s v p h v

Q 7 v q 7 y y r v 9 Q X C

r i v r h q B @ Q T

8 r h y 7 6 8 T r p

r r s

7 6 8 T r p s

Q p v t @ v

V v t v t

I v p r

Q p r r q


47/75

Q h t r RI

P p i r ! $ 9 Q X C H h h y s Q p r q r s u r Q p r r s G p h y y A q r q D s h p