Extended Title: Provision of loan finance
Provision of loan finance
Tender number: T 72 OF 2017/18
Closing date and time: Wednesday, 28 March 2018 at 12:00
You are hereby invited to submit firm proposals for the provision of R 35 130 537.00 million (or part thereof) of term loan finance to Knysna Municipality.
An analysis of the funding requirements of the Municipality for the approved 2016/2017 capital expenditure budget indicates the need to borrow approximately R 35 130 737.00 million of medium/long term finance.
Interested financial institutions are invited to submit funding proposals. The loan procurement process will be conducted in accordance with the applicable terms of Chapter 6 of the Municipal Finance Management Act, 2003.
The requirements of Knysna Municipality in respect of the loan(s) are as follows:
Knysna Municipality is looking to borrow an estimated R 35 130 537.00 million in total. Proposals may be submitted for all or part (minimum R1,5 million) of this total.
The physical address for collection of tender documents is Supply Chain Management Unit, Finance Building, Queen Street, Knysna.
A receipt for a non-refundable deposit of R 237.00 payable by cheque made out in favour of Knysna Municipality is required on collection of the tender documents. E-mailed tender documents can be obtained from C Bezuidenhout with the following address: firstname.lastname@example.org at no cost.
Technical enquiries relating to the tender documents may be addressed to: A. Morgan, Tel No. 044 302 6436, email: email@example.com.
The closing time for submission of bids is 12h00 on Wednesday, 28 March 2018. Bids must be sealed in an envelope clearly marked with the bid number and title given above, and placed in the bid box at the Supply Chain Management Unit, Finance Building, Queen Street, Knysna, on or before the mentioned time and latest date. Telephonic, facsimile, e-mail and late bids will not be accepted. Bids must remain valid for a period of ninety (90) days after the closing date of the bid. Knysna Municipality reserves its right to extend the validity period, should you not be willing to hold your bid valid in all respects for further period as requested, it will lapse on expiry of the current validity period.
Bids will be opened on the same day at the Supply Chain Management Section at 12h05. Late or unmarked bids will not be considered.
The Municipality reserves the right to withdraw any invitation to bid and/or re-advertise or to reject any bid or to accept a part of it. The Municipality does not bind itself to accept the lowest bid or to award a contract to the Bidder scoring the highest number of points.
Further requirements for sealing, addressing, delivery, opening and assessment of bids are stated in the Tender Document.