Uganda's Ministry of Justice and Constitutional Affairs has announced M/S TWED Property Development Ltd and Group Five Structured Ingenuity as the preferred bidder for the JLOS House PPP Project after the evaluation of Request for Proposals (RFP) submitted for design review, procurement, construction, financing and management of the JLOS House Project.This development follows a two stage procurement process that started with advertisement of a request for Expression of Interest (EOI) on June 12, 2014. A total of thirteen local and international firms/consortia expressed interest out of which JLOS shortlisted the following nine (9) eligible firms/consortia to participate in the RFP phase:
The above shortlisted firms were issued with Request for Proposal (RFP) and draft project agreements on January 31, 2015. Bids were submitted on the 22nd June 2015.
The TWED Property Development Ltd and Group Five Property Development (Pty) Ltd JV was selected, based on its emphasis on a bigger local content and reduced costs for the JLOS House Project. The joint venture proposed will use ROKO Construction Company as its construction contractor and FBW Uganda Ltd as the lead design consultant. The Project is envisaged to be financed by Stanbic Bank Uganda and Standard Bank South Africa.
TWED Property Development Ltd is an indigenous local property developer incorporated in 2005. TWED offers a wide range of real estate solutions that include residential, commercial office space, warehouse and logistics, mixed use developments, retail and hospitality. TWED also offers specialist services like business continuity and recovery centers, and facilities and asset management (FM). The company has successfully delivered a number of high profile developments including its flagship ultrafine buildings of TWED Plaza and TWED Towers in Kampala, Uganda.
Group Five Property Development Ltd, a South African based company was established in 1974 with core business in construction and infrastructure development. The company is listed on the Johannesburg stock exchange (JSE) and is involved in diversified construction, infrastructure concession and related services. Group Five operates in 21 Countries across Africa and also in Eastern Europe.