Consulting services for the preparation of feasibility study for profitabilty

Ministry of Transport and Comunication — Macedonia

Project program:
For the preparation of feasibility study for profitability which shall serve as a basis for awarding public-private partnership contract for funding, construction (reconstruction), use, management and maintenance of Gradski Trgovski Centar — GTC in Skopje.
I. General part.
I.1 Introduction.
The vision for the future of Gradski Trgovski Centar — GTC in Skopje shall mean modern and efficient trade centre, fully accommodated to the needs of the citizens, which will contribute to the economic development of the Republic of Macedonia, by complying with the standards for sustainability of the environment and the financial responsibility.
The purpose of the sustainable development is to ensure meeting of the needs of the citizens of the Republic of Macedonia and making them enjoy a better quality of the life.
The study for the possibility for awarding public-private partnership contract for funding, construction (reconstruction), use, management and maintenance of Gradski Trgovski Centar — GTC (hereinafter referred to as: ‘Feasibility Study’), should result with prepared documentation which shall clearly demonstrate if the possibility is profitable and feasible and where the project realization conditions will be defined.
I.2 Review of the existing conditions.
I.2.1 GTC History.
The Joint Stock Company for leasing business premise Gradski Trgovski Centar was founded with the Resolution of the Management Board of the Public Enterprise for managing housing and business premise of the Republic of Macedonia number 02-111/2 dated 16.4.1996. The founder of JSC Gradski Trgovski Centar is the Public Enterprise for managing housing and business premise of the Republic of Macedonia Skopje.
The headquarters of JSC Gradski Trgovski Centar is at the address ‘Kej 13 Noemvri’ tower 2 Skopje.
With the Resolution no. 02-2846/1 dated 24.7.2001 the Assembly of the Company on adoption of the Statute, the Resolution no. 02 2846/2 dated 24.7.2001 of the Company on compliance with the Law on Trading Companies and the Resolution no. 03-6113/2 dated 15.12.2004 on Statute modification, a compliance was made of JSC Gradski Trgovski Centar with the Law on Trading Companies.
The basic activity of the Company is management of business premise in 1 systematic and functionally connected business facility in the centre of the city. The legal basis for the foundation and functioning of the company is defined in the Law on Trading Companies. The immediate management of the business premise is realized through the general conditions for leasing a business premise. Pursuant to the Law on transformation of the Public Enterprise for managing housing and business premise of the Republic of Macedonia, the package of shares for management of 97.58 % are being transferred to the JSC for managing state-owned business premise.
I.2.2. Basic activity of GTC.
JSC Gradski Trgovski Centar performs the following activities:
— Leasing their own real estate;
— Expanding and sales of real estate;
— Purchasing and sales of their own real estate;
— Investment and current maintenance of the business premise;
— Determining the amount of the lease, i.e. concluding contracts for leasing the business premise;
— Keeping singular records of the business premise it manages;
— Managing the real estate with fee or based on a contract;
— Arrangement and maintenance of parks, green and recreational surfaces;
— Disposal of the waste and garbage, sanitary and similar activities;
— Arrangement and maintenance of the streets and thoroughfares.
I.2.3. Management system
The management and administration bodies of JSC Gradski Trgovski Centar are as follows:
— Company's Assembly;
— Board of Directors; and
— Director.
a. Company's Assembly
The shareholders realize their rights within the Company and the Company interests, especially in relation with the determination of the annual accounts and the use of the clean profit as well as the designation of each of the members of the Board of Directors, in the Company Assembly. Each shareholder has the right to participate in the Company operation and the right to vote, unless otherwise stipulated by law.
The shareholders exercise their right to vote in the Assembly according to the nominal amount of the shares, proportionally to the number of paid shares.
JSC for managing state-owned business premise as the largest shareholder has three representatives in the Shareholders' Assembly.
b. Board of Directors,
— The Board of Directors manages the Company;
— The Board of Directors, within the competences determined with the Company Statute, the law and the authorizations explicitly given by the Company Assembly, has the greatest authorizations for acting on behalf of the Company;
— The Board of Directors has 5 members, 4 of them are non-executive members and 1 is the executive member;
— The executive member of the Board of Directors bears the title Executive Director.
c. Director of the Company
The executive member of the Board of Directors is designated by the non-executive directors with the majority of votes, with a mandate of 4 years.
The executive member of the Board of Directors represents the Company in the relations with third parties and is held responsible for managing the matters within the Company.
I.2.4. Ownership,
The Company capital is the registered shareholders' equity.
The total number of issued common shares in 2013 amounts in 1 846 325. The total number of shares is allocated to 174 shareholders, with nominal value of 50 EUR per 1 share i.e. the nominal value of the shareholders' equity amounts in 92 316 250 EUR.
The dominant owner is the Joint Stock Company for managing state-owned business premise.
Review of the capital structure in 2013 expressed in percent:
Title % Shares Shareholders:
— Legal entities 0,61 11.17 43;
— JSC MSOBP Skopje 97,58 1.801.589 1;
— Natural persons 0,15 2.865 46;
— Employed persons in GTC 0,60 11.149 82;
— GTC 1,05 19.470 1;
— GTC (unidentified shareholder) 0,01 78 1;
Total 100 1.846.325 174.
II. Special part.
II. 1. Program subject.
The project program should encompass the necessary studies and appendices for preparation of the feasibility study for assessment of the economic and financial justification for awarding public-private partnership contract for funding, construction (reconstruction), use, management and maintenance of Gradski Trgovski Centar — GTC.
II. 2. Program goals.
The main goal of the project program is to examine the possibility for awarding public-private partnership contract for funding, construction (reconstruction), use, management and maintenance of Gradski Trgovski Centar — GTC.
II. 3. Elaboration of the feasibility study.
The elaboration of the Feasibility Study needs to encompass the following:
— Market analysis;
— Financial review; and
— Strategic options.
II.3.1 Market analysis.
Analysis of the market size and structure; analysis of the key trends and collecting the demand and projections, analysis of the competitive dynamics between the key competitors; review and assessment of the trends in the competition, as well as their possible effect on GTC.
II.3.1.1 Revenue side of the model.
— Service level with regards to the market;
— Advantage with regards to the remaining competitors;
— Definition of the market size;
— Assessment on the basis of prognosis or change scenario in the service and price level.
II.3.1.2 Price side of the model.
— Price per segments (with all total costs);
— Indirect costs;
— Making assumptions for the price changes per segments.
II.3.2 Financial review
Financial risk model should be prepared in the financial review, in order to simulate the operational and financial performances and to assess the return of the investments. The tasks in this regard shall include the following:
— Development of the financial model by describing the model and the assumptions;
— Assumptions to be made on the basis of the operational and market diagnoses with regards to the structure and the operational and indirect costs;
— Analyses necessary to determine the endurance of the model and the risk components throughout the project;
— Value of the money assessment.
The data, combined with the expertise during the preparation of the analysis, will ensure making of supported recommendations in relation with the necessary financial structures and they shall provide review with transparent and professional financial analysis.
II.3.3 Strategic options.
Three strategic options should be presented and recommendations should be provided in the form of feasible strategic options, with the recommendation which option is the most appropriate one, considering the circumstances.
The available insight should be synthesized in the early phase of the process and the proposed set of three strategic options should be presented. Each of these options will be entirely applicable and different enough to give the policy creators a feasible choice through a review of the entire set of the advantages and disadvantages, by using advanced dialectical analyses, in order to recommend the best option scenario.
III. Statement for the final report.
Statement for the accuracy and validity of the gathered information and the process for gathering thereof should be submitted in the final feasibility study, as well as the information sources, description of the manner and assumptions used during the making of the financial model, review of the methodologies used for evaluating various costs, including the key risk costs.
IV. Conclusion.
Provisioning of final conclusion and ranking of the optional decisions for the possibility for awarding public-private partnership contract for funding, construction (reconstruction), use, management and maintenance of Gradski Trgovski Centar — GTC, from the aspect of the economic and financial assessment. The recommendations should refer directly to the possibility for awarding public-private partnership contract for funding, construction (reconstruction), use, management and maintenance of Gradski Trgovski Centar — GTC, and then the selection of any of the decisions and the provisioning of recommendation for the exact time dynamics.
The person who prepares the Feasibility Study should cooperate with all administrative bodies having data and information at their disposal which are of essential importance for the Study. The person preparing the Study shall be responsible for the implementation of the domestic positive-legal regulation, especially the Decree on the contents of the Feasibility Study for justification of the concession of goods which are of public interest or of PPP (‘Official Gazette of the Republic of Macedonia’ no 44/2012), as well as the best experiences in compliance with the international standards referring to the preparation of such studies.

Рокот за прием на понудите беше 2014-12-12. Набавката беше објавена на 2014-11-19.

• • Ministry of Transport and Comunication — Macedonia

• • Архитектонски, инженерски и планерски услуги › Студии за изводливост, советодавни услуги, анализи
• • Инженерски услуги › Советодавни инженерски и градежни услуги

• • Северна Македонија