I have been preoccupied with something incredibly fascinating; I hardly perceived anything further. It was such a grand experience I just can’t help sharing it here.
Bidding for a resort has been a long expected dream. We were never able to make this dream come true, due to the huge amount of money concerned.
It happened last week. Our friend Y informed us that, Farukolhufushi resort is open for bidding. Unlike past, the bidding document was sold for US$ 155.00. Points were given only for the rent proposed. We only had to fill out a form proposing a rent for 5 years. 50% proposed to be paid on advance within 15 days. Hence, I, my hubs and two of our friends X and Y decided to bid together.
The ministry gave us a bundle of documents. Bidding rules forms etc. Clause 15 of the ITB says the bid with the highest proposed rent for the lease period shall be determined as the highest evaluated bid. Clause 19 says the government will award contract to the highest scoring bid. Fair enough! But when you move on to the very last sentence on the bidding form, just above where you sign, it reads “I understand that you are not bound to accept the highest or any bid you may receive” now, what is the bloody point of all these documents/rules and the damn talk about awarding to the highest rent/scorer in the first place? They have 45 pages of bidding documents, only to mention on the very last sentence that this has got absolutely nothing to do with the awarding of the resort? Morons!!
Any how, It was Wednesday; the 7th. I woke up early for the bid meeting to be held at Nasandra. It was a balmy day. I and my friend X headed for the venue at something like 11:00hrs. As soon as we submitted the document we were given tickets to attend the bid opening meeting set at twelve noon. We were all seated. Abruptly tension started building. We were seated at the very back. Most of the faces were recognized hotel and resort owners. Me and X may have been the only unknown faces. Both of us were nervous, tensed, and scared.
In no time, the name of the bids were being announced. This made X more panicky as ours was on her name. I had unexplainable feelings, knots, butterflies, rats and whatnot in my stomach. Believe you me, it was a horrid feeling. Men would say women are overzealous when it comes to business. I for a second believed it was true. Anyhow, names and rents were shown. Then suddenly X’s name was announced with our proposed rent. Oh my god! It was US$ 21,786,000.00!!! Yeah we were talking millions! and this was the highest rent. We couldn’t believe our ears! The closest was at 16 million! People were wowing and cheering. All eyes were staring at us, as if we were some kind of fools proposing skyrocket rents. It was such an embarrassment. One wants to hide from view and vanish into thin air. How on earth are we going to pay the 50% advance in two weeks? We almost had a heart attack! To be honest, we never really thought of winning it and facing the consequences. I’d say we did it just for the hell of it!
After an agonizing hour or so as the winner, the next highest bid was announced. Then bid by bid 4 others followed. The final highest rent proposed was at US$ 31,599,280.00 Thank God, he created far worse fools. As far as our team is concerned, there is no way the winning proposal is feasible. So what? it made the guy a resort owner (at least for 15 days, till the advance is paid).
At the end of day, we came 5th out of 84 bidders. Most of the famous businessmen and resort owners were far behind, in a way that’s something to celebrate. After the ceremony the big shots of the industry shook hands and congratulated us. The good news, it’s all over! The bad news, we might still get the resort. That is if the 4 bidders to the lead of us fail to come up with the 50% advance.
This is one experience I would keep within my heart forever. It was like a figment of the imagination or a wildest dream come true. Oprah are you listening?
Bidding for a resort has been a long expected dream. We were never able to make this dream come true, due to the huge amount of money concerned.
It happened last week. Our friend Y informed us that, Farukolhufushi resort is open for bidding. Unlike past, the bidding document was sold for US$ 155.00. Points were given only for the rent proposed. We only had to fill out a form proposing a rent for 5 years. 50% proposed to be paid on advance within 15 days. Hence, I, my hubs and two of our friends X and Y decided to bid together.
The ministry gave us a bundle of documents. Bidding rules forms etc. Clause 15 of the ITB says the bid with the highest proposed rent for the lease period shall be determined as the highest evaluated bid. Clause 19 says the government will award contract to the highest scoring bid. Fair enough! But when you move on to the very last sentence on the bidding form, just above where you sign, it reads “I understand that you are not bound to accept the highest or any bid you may receive” now, what is the bloody point of all these documents/rules and the damn talk about awarding to the highest rent/scorer in the first place? They have 45 pages of bidding documents, only to mention on the very last sentence that this has got absolutely nothing to do with the awarding of the resort? Morons!!
Any how, It was Wednesday; the 7th. I woke up early for the bid meeting to be held at Nasandra. It was a balmy day. I and my friend X headed for the venue at something like 11:00hrs. As soon as we submitted the document we were given tickets to attend the bid opening meeting set at twelve noon. We were all seated. Abruptly tension started building. We were seated at the very back. Most of the faces were recognized hotel and resort owners. Me and X may have been the only unknown faces. Both of us were nervous, tensed, and scared.
In no time, the name of the bids were being announced. This made X more panicky as ours was on her name. I had unexplainable feelings, knots, butterflies, rats and whatnot in my stomach. Believe you me, it was a horrid feeling. Men would say women are overzealous when it comes to business. I for a second believed it was true. Anyhow, names and rents were shown. Then suddenly X’s name was announced with our proposed rent. Oh my god! It was US$ 21,786,000.00!!! Yeah we were talking millions! and this was the highest rent. We couldn’t believe our ears! The closest was at 16 million! People were wowing and cheering. All eyes were staring at us, as if we were some kind of fools proposing skyrocket rents. It was such an embarrassment. One wants to hide from view and vanish into thin air. How on earth are we going to pay the 50% advance in two weeks? We almost had a heart attack! To be honest, we never really thought of winning it and facing the consequences. I’d say we did it just for the hell of it!
After an agonizing hour or so as the winner, the next highest bid was announced. Then bid by bid 4 others followed. The final highest rent proposed was at US$ 31,599,280.00 Thank God, he created far worse fools. As far as our team is concerned, there is no way the winning proposal is feasible. So what? it made the guy a resort owner (at least for 15 days, till the advance is paid).
At the end of day, we came 5th out of 84 bidders. Most of the famous businessmen and resort owners were far behind, in a way that’s something to celebrate. After the ceremony the big shots of the industry shook hands and congratulated us. The good news, it’s all over! The bad news, we might still get the resort. That is if the 4 bidders to the lead of us fail to come up with the 50% advance.
This is one experience I would keep within my heart forever. It was like a figment of the imagination or a wildest dream come true. Oprah are you listening?
10 comments:
small town diva: thanx! nice meeting u2!
you dont 'bid' as in ebay. you bid as in, erm, you shall see here i guess.
you woke up early to get to a mid-noon meeting!?? gosh!
so.. The highest rent wins? not the highest score? err! no other studies? feasibility, business proposals, marketing plans, environmental assesments, sketches!? duh!
rxs: buddy, there were some last minute preparations, hence it was necessary to get up very early (as in my time)! hahah! And Ya! No studies at all! the highest rent = highest score-:)
:( u didn win the resort!:(..snif snif...well,lets just hope the bidders ahead u fail to cum up with the money in the given time so we can PARRR-TEYYY everyweekend!!:D Farukolhufushi...here we cuml;)hehe
small time diva: They have notified the bidder with the highest rent! He has 15 days to pay the advance! If he fails to come up with the money, the next highest bidder will be informed and so forth!
somebody gimme the contact no. of OPRAH !!!!!! -prinx-
1-202-456-1414
1-888-446-4438
thank you RXS...im calling right away!
-prinx-
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