Amendment status not verified — confirm the current text below against the official source.
Developer Selection Processes - The Government Agency or the Local Authority may adopt appropriate Developer Selection process including any of the following processes, namely:- (1) DIRECT NEGOTIATIONS (1) The Government Agency or the Local Authority may directly negotiate with a Bidder for implementing; (a) Category- I projects initiated by a Bidder, or (b) the projects which involve proprietory technology, or franchise which is exclusively available with the Bidder globally; or (c) the projects where competitive bid process has earlier failed to identify a suitable developer; or (d) the projects in prescribed social infrastructure sectors where a non- profit organisation seeks to develop a project ; or (e) a linkage Infrastructure Project with the concerned Developer of Mega Infrastructure Project. (ii) In case a developer is selected through direct negotiations, the Government Agency or the Local Authority may renegotiate the financial offer or recommend that all subsequent procurement for the project is made through the competitive bidding procurement process, the cost of the project be determined after such competitive bidding procurement process and renegotiate the financial offer based on the revised cost of the project. (II) SWISS CHALLENGE APPROACH (i) The Swiss Challenge Approach will be followed in any projects belonging to Category-II initiated by a private sector participant who is hereinafter referred to as ‘Original Project Proponent’, by a suo-motu proposal. (ii) The Original Project Proponent must submit to the Government Agency or Local Authority:- (a) details of his technical, commercial, managerial and financial capability; (b) technical, financial and commercial details of the proposal; (c) principles of the concession agreement. (iii) The Government Agency or the Local Authority would first evaluate the Original Project Proponent’s technical, commercial, managerial and financial capability as may be prescribed and determine whether the Original Project Proponents capabilities are adequate for undertaking the project.