News / Saskatchewan seeks legal financial and fairness advisor for transport project

Saskatchewan seeks legal financial and fairness advisor for transport project

🕔 March 28, 2014
Connecticut issues port RFQ

The city of Saskatoon has launched three tender processes to hire a legal, a financial and a fairness advisor for the procurement process of the North Commuter Parkway and Traffic Bridge Replacement project.

The three tenders were launched on 25 March 2014. Interested parties must submit their proposals on or before 24 April 2014.

The Fairness Advisor's (FA) role is to ensure that the procurement process for the project is conducted in accordance with the pre-established process and evaluation criteria. The Fairness Advisor will oversee the procurement process to ensure that it is fair and provide an independent opinion by observing and reviewing the transaction process. The fairness advisor must be independent of the City of Saskatoon and will report directly to the Project Steering Committee.

The Legal  (LA) and the Financial and Business Advisor's (FBA) roles will be to draft documents and otherwise assist and advise the City during the project procurement process and project Agreement negotiations and reach financial close in a collaborative and expedited fashion.

Currently the city is preparing to enter the procurement phase of the project and is engaging advisory services to assist in preparing the necessary procurement documents.

The proposed North Commuter Parkway is a key component of the The Integrated Growth Plan (IGP) adopted by the City Council in June 2012, which outlines a transit, land use, roadway, and water and sewer servicing strategy for the growth of Saskatoon to a population for 500,000 people. The project cost is estimated at CAD$250 million. Formerly called the "North Commuter Bridge", the North Commuter Parkway project will link the Marquis Industrial area with the University Heights area, by extending Marquis Drive across the South Saskatchewan River and connecting to McOrmond Drive at Fedoruk Drive.

See tender documents:



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