What is the process of adjudicating a Tender?
Offers for Lands Authority tenders are accepted for a definite period as stipulated in the Tender – normally three weeks – usually commencing on a Friday and closing on a…
How is the Tender adjudicated?
Tenders are normally adjudicated on the basis of the highest offer received except that (i) the Lands Authority may grant a right of first refusal to any bidder who has…
Is the highest bid always accepted?
Not necessarily. This decision is taken by the Adjudicating Board, taking into consideration instances governed by the Lands Authority Act Cap. 573, such as when the right of first refusal…
How are bids tendered communicated to the public?
Once the public opening session of the tenders is concluded, a schedule of the offers is put up on a public notice board for viewing at the Lands Authority.
Are the tenders opened in public?
Tenders are opened in the presence of the public by a Tenders Committee of two officers being the Tenders Officer representing the Tenders Office and one officer representing the Estate…
Is a bid bond required?
A bid bond is required in all cases. This is calculated as 10 percent (10%) of the freehold value when it is a sale, and three times the minimum amount…
Is there a minimum bid?
Yes a minimum bid amount is always stated on the tender document.
How is a tender submitted?
Tenders need to be submitted on the official Tender Forms prepared by the Lands Authority. The tender form together with the bid bond and a copy of the receipt needs…
What is a tenders ?
A tender is and invitation to the public to submit an offer for the acquisition of Government property. Tender Offers need to be made on the official Tender Forms prepared…
If I hold residential property on lease from Government, can I buy such property?
Schemes for the sale to the tenants of government-owned residential premises are managed by the Housing Authority which offers a number of incentives to encourage people to become home-owners.