'Tree' pid='10376' datel Wrote:EnnerOle has stated all parties they are negotiating with are acceptable to PNG and that they will deliver proposal within 2009 PA framework. NEC cannot approve a project until all is in order.
What I would do to maximize bids.
1) Require FEED work for proposed scheme is complete to submit bid.
2) I would assign 1 rep from IOC to deal with 1 IB.
3) Collin, Phil and?, maybe Byker.
4) Each rep with IB, selects that IBs best bid
5) 3 IBs = 3 winning Bids.
6) CAs preclude sharing of details with other IBs or each IOC rep from divulging details with each other.
7) Present these 3 bids to IOC BOD and grade them 1-3 in order of BOD preference.
8) Present these 3 to NEC, get conditional approval for all 3 and have NEC rank in preference.
9) Return to each of the 3 with a conditional Gov't approval, binding if they are the winning bidder.
10) Allow 2 weeks for each bidder's best bid, then 1 last BOD meeting and select the winner.
Sure bidding war as winner get's a project, FID by Y/E and booked reserves in 2012.
EDIT:
10) Allow 100 days for each bidder's best bid, deadline Feb. 28, 2013. BOD meets with IBs first week of March to analyze bids from SM's, NOCs and Asian Utility consortium.
Hang on kids! Bidder fur will be flying!! Just like E-Bay, you don't post your best bid until the end of the auction period. Common sense.