National Investment Commission, Re-announcement of tender (1) 2011

National Investment Commission
Re-announcement of tender (1) 2011

The National Investment Commission (NIC) re-announces a tender for the construction of NIC complex listed under the investment budget 2011 located in Baghdad/ International Zone.
Interested companies classified as first class /construction according to Iraqi MoP classification are invited to visit NIC headquarter (Baghdad/ International Zone near the 14th July Sq.) to obtain the tender documents (Bill of quantity, design drawings) for non-refundable 250 thousand ID with accompaniment of the documents stated in the following 1,2,3 items. Offers will be deposited in NIC tender box including the below mentioned documents. Dead line for receiving offers on Sunday 13/ 11 /2011 before 2.00 pm.
The winner shall bear the cost of publication and announcement.
A conference shall be held in NIC headquarter on the 3rd November 2011, 2 pm to answer all your inquiries.

Required document:

1. Company classification identity (original) issued by the Ministry of Planning according to contractors registration and classification regulation.
2. Company establishment documents certified by company registration department.
3. Clearance issued by the General Commission for Taxes for 2011
4. Certified check or bid bond of 1% of the value of the offer issued by a reliable Bank.
5. A financial statements, including the final accounts of the company for last three years audited by a legally certified accountant and a bank statement showing the financial capacity in numbers.
6. Provide documents showing the qualifications of the technical and administrative specialists, working part /full time for the company as well as the machinery and engines belonging to the company.
7. Attach receipt of purchasing tender when applying

General info:-
1. Contractor or company shall submit prices in Iraqi dinars exclusively in numbers and writing, under bill of quantities associated with the tender documents. All the papers should be stamped with a statement of time required to complete the work, full company address, phone number, e-mail and all personal documents of the authorized director.

2. NIC is not obliged to accept the lowest offer
3. Construction period is 21 months.
4. Prove the capacity of the company’s expertise in the field of contracting in addition to the implementation for similar works certified by beneficiaries
5. The contractor or company is not allowed to refer the work to sub-contractor or company.
6. The offer shall be submitted in three sealed envelopes, commercial, technical and required documents.
7. NIC will organize a conference to answer participants inquires seven days before the dead line.
8. This announcement is part of the contract and obligatory to the contractor in all of its items as soon as submitting the offer.
9. The instructions and implementation of government contracts no. (1) in 2008, provisions and specifications of the engineering contractors in its two parts I, II issued by the Ministry of Planning shall be reliable.
10. offer expiry date should not be less than 90 days
11. Any offer that does not meet the a/m conditions shall be neglected and no excuse/ negotiation shall be accepted regarding any condition included in the announcement.
12. Foreign companies shall present an establishment certificate proved by an authorized body in Iraq with other attachments proving the establishment of its branch in Iraq.

Chairman, National Investment Commission

NIC Announces Extending Periods of Premiums from (7) to (15) years for Bismayah Housing Units Buyers

NIC Announces Extending Periods of Premiums from (7) to (15) years for Bismayah Housing Units Buyers

NIC announced that an agreement had been reached on Tuesday Oct.4.2011 with the three governmental banks (Rafidain, Rasheed and TBI) to extend periods of premiums in to (15) years instead of (7) with granting grace periods that starts after paying the down payment according to a newly accredited repayment schedule which is to be announced soon through the media and the NIC official website.

New investment opportunity

In conjunction with the Shiite Endowments Authority, NIC has the pleasure to announce the investment opportunity of constructing a housing units complex in Baghdad on the lot numbered 16/207 M4 – Kerada (total area of 60 Dunm).
Investment license applications can be found on the One Stop Shop page of our site.
Investment applications should be submitted directly to the NIC or by email to info@investpromo.gov.iq .

NIC Chairman Receives the Baroness Emma Nicolson

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NIC Chairman, Dr. Sami Al- Araji received in his office the Baroness Emma Nicolson on the 22th of Sept. 2011 with the attendance of the NIC Vice Chairman and a number of DGs and discussed means of joint cooperation between the National Investment Commission and the Iraqi- British Business Council.

NIC Chairman Receives the Japanese Ambassador in Baghdad

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NIC Chairman, Dr. Sami Al- Araji received in his office the Ambassador of Japan in Baghdad and the Chairman of JCCME on the 20th of Sept. 2011 with the attendance of the NIC Vice Chairman and a number of DGs and discussed ways of activating the provisions of the MOU signed previously between NIC and JCCME in addition to examining the best methods of founding partnerships between the Iraqi and Japanese public, private and mixed sectors.

NIC Chairman Receives a Dutch Delegation

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NIC Chairman, Dr. Sami Al- Araji received a delegation of the representatives of a number of Dutch companies on the 18th of Sept. 2011 with the attendance of Mr. Salar Muhammed Ameen, NIC Vice Chairman