SOCIETY HOUSE AND CENTRAL ARCADE RE-DEVELOPMENT PROJECT
The Zambia National Building Society through a financing scheme by National Pension Scheme Authority (NAPSA) has embarked on the development and re-development of Society House and Central Arcade to upgrade it into a modern building offering flexible and efficient working spaces to tenants.
Zambia National Building Society embarked on the re-development and development of Society House and central Arcade more than five years ago.The process started with Zambia National Building Society developing a concept through which the gutted Society House would be restored and made attractive to tenants considering the fact that other issues such as lack of secure and guaranteed parking have made the central business district unattractive.Thus a three dimensional model was developed reflecting the concept and later a detailed execution model which included all relevant public procurement procedures expected of public institutions.
To execute the project, Zambia National Building Society, being a Mortgage Financing Institution, opted to deliver the project using an off balance sheet approach which required the creation of separate company that would execute the project.
The detailed execution programme involved the following processes:
- Approval of the request for proposal by Zambia Procurement Agency
- Publication of bid notice by ZPPA on behalf of Zambia National Building Society through the Times of Zambia and Contraction News in August 2010
- Pre-bid meeting
- Selection of prefered bidder production of costed bid
- Preparation of business plan
- Invitation of investors and contracts/execution.
On August 11,2010, an invitation to consortia was issued in the Zambia Daily ail and 11 consortia submitted their bid documents.The request for proposal was open to consultants and contractors that were registered in Zambia who were required to tender as joint ventures or partnerships of consultants and building contractors.
Foreign consultants and contractors were eligible to participate on condition that they formed joint ventures with Zambian contractors.