REQUEST FOR FEE QUOTATION - PRIVATE & CONFIDENTIAL
1.0 INTRODUCTION
FGV has plans to invest in Indonesia for the long term. They have already set up office inJakarta. Therefore, Raine & Horne, wish to support FGV in their growth plans in Indonesia andride on its success.
Eventhough there was some delay in the acquisition of Rajawali, we believe in the growth FGVas we believe FGV will be committed to its team of consultants.
2.0 TERMS OF REFERENCE - NEW JOB IN NORTH SULAWESI
FGV is buying eight (8) PTs in North Sulawesi, Regency of Bolaang Mondogow with total area of70,000 ha.
These are greenfield land - undeveloped. Potential plantable area identified for the Nucleusprogram is 13,251 ha.
FGV wants to do a Valuation of the eight (8) PTs to determine the Market Value.
3.0 SCOPE OF WORKS
1. Joint site Inspection & taking of photographs2. Compiling data on rainfall, terrain data, soil data.2. Compiling the market data on sales comparables/asking prices3. Adjustment on sales comparables/asking prices4. Recommendation of Market Value and any issues affecting the viability of oil palm
plantation in the locations.6. Submission of Valuation Reports to be jointly signed by the Malaysian and Indonesian
Valuers.7. Reports shall be in English only.8. Basis of Valuation shall be the Market Value.9. Format of report to comply with 'Asset Valuation Guidelines' as issued by Securities
Commission Malaysia. Raine & Horne will assist on the report format.
AMDAL (Environmental Impact Assessment) report will be provided by FGV.
The valuation team will be supported by FGV Land Management Unit for land survey reporting.
Raine & Horne will assist the Indonesian valuer to complete the Valuation Report in anacceptable format.
Printing and binding of reports will be carried out in Malaysia.
4.0 DATELINE - 3 WEEKS FROM DATE OF APPOINTMENT
If successfully appointed, our dateline is shown below.
Dateline Event27 November 2015 Valuer to submit quotation7 December 2015 Appointment of Valuer
30 December 2015 Submission of Valuation Report
5.0 FEE QUOTATION
Because FGV is a public listed company, they have to call for 3 quotations/tender. Thereforeour fees and terms of payment must be competitive.
We request our Indonesian partners to quote the fees (including all tax) in Indonesia Ruppiah:
Professional Fees IDROperational Cost (Expenses for travelling) IDR
Total IDR
6.0 MODE OF PAYMENT
Due to our experience in the Rajawali exercise, we shall propose a better payment to theconsultants as follows:
Operational Cost & Mobilisation Fees 30%Upon submission of Valuation Report 65%
Upon approval by Bursa Malaysia 5%
7.0 PROPOSAL AND CORRESPONDENCES
All proposals are to be sent to
Mr Ho Sek ChuenRaine & Horne International Zaki + Partners Sdn Bhd109A Jalan SS 14/147500 Subang JayaSelangor Darul Ehsan
(Email : [email protected])
All proposals are to be kept private and confidential.
A contract will be signed between Raine & Horne and the Indonesian Valuer.
