John Bisan
New Member
^The question for next town hall will be, How much money has ML spent compensating bidders for unsuccessful bids and cancelled RFP’s ?
- Paul
there is two types of fees paid by the sponsor in this type of AFP projects, break fee , which is paid to all bidders if the project is canceled during RFP, and currently ML doesn't offer any break fee in most if not all of their projects.
the second type is Bid fee, which is only paid to unsuccessful bidder(s), in most cases it's used if the project is DBF, however in the some cases it's also paid in BF , but only if the submission is compliant to RFP documents, this usually covers 50% to 70% of the bidder's cost, rest is investment by the bidder.