News on the sale of farm land including land available for tender, closing of tender and award of tender can be found on our website.
Q2.Can I print out the Tender Documents from SFA’s website and use them for tender submission?
No. You have to purchase the Tender Packet from SFA Service Centre for tender submission. Parties interested to participate in the tender are advised to purchase the Tender Packet. The responsibility of SFA and the Government is limited to notifying purchasers of the Tender Packet on updates and changes to the Tender Documents.
Q3.Can a company or a person who is debarred by the Standing Committee On Debarment (“SCOD”), Ministry of Finance, participate in SFA tenders during the debarment?
Any company or person debarred by SCOD from participating in "all lines of business", cannot participate in all public tenders including SFA tenders during the debarment period.
Q4.Can a company whose director(s) is debarred by SCOD participate in SFA tenders?
The company can participate in SFA tenders only if:
a) the company was incorporated before and not after the effective date of debarment of the director(s);
b) the debarment was not for corruption or rigging; and
c) the company is not debarred.
Q5.Can a public listed company put in a tender which is subject to its shareholders approval if the tender is accepted, i.e. in compliance with Chapter 10 of the Listing Manual requiring shareholders approval at an EGM if the company is to make a major acquisition?
No, Tenderers are required to submit firm and unconditional offers. The following should also be noted:
a) A tender submitted cannot be withdrawn by the tenderer after the date and time for submission of tenders.
b) If a tender is withdrawn after the date and time for submission of tenders, the tender deposit will be forfeited.
Q6.If there is more than one company tendering jointly for Land Parcel(s), how should the Form of Tender be completed?
Where a tender is submitted jointly by 2 or more companies, Section 8(B) of the Form of Tender shall be completed to reflect the particulars of all the joint tenderers. See example below. If there is insufficient space in the Form of Tender, a separate sheet of paper listing the particulars of the companies jointly tendering for the Land Parcel(s) should be attached together with the Form of Tender.
Example of how Section 8(B) of the Form of Tender shall be completed to provide all information on both companies when the tender is submitted jointly by 2 companies, Company A and Company B.
Q7.Will we be able to visit the sites and how can we navigate to the correct Land Parcel?
SFA is not conducting any site show round. The Land Parcels are currently hoarded up, and can only be accessed from the access points along Neo Tiew Road (“Designated Access”). Visitors shall be responsible for their own safety when they enter the Land, and SFA and/or the Government shall not be held liable for any losses, damages, injuries, claims or demands. Signboards measuring 3.8m in height have been installed on each of the 3 Land Parcels since the tender was launched on 31 Oct 2017. Visitors are advised to refer to the Location Plan and the signboards for navigation.
Q8.Must a tenderer be a registered company to tender for the sites? Are joint ventures allowed?
There is no restriction on the type of entity for the submission of tender. Individuals and business entities (e.g. Sole Proprietorship/Partnership/Private Limited Company/etc) are allowed to tender, and joint ventures are allowed. The individuals and/or business entities listed in Section 8 of the Form of Tender will be collectively referred to as the “Tenderer”.
Q9.Can the tendering company include new shareholders after the award of tender?
Shareholders as at the Tender Closing Date (9 Jan 2018) must hold and continue to retain a controlling interest of more than fifty per cent (50%) of the shares in the company throughout the Lease Term. Refer to Condition 39 in the Conditions of Tender for requirements on controlling interest.
Q10.Would overseas Production Track Records be recognised and can it be used as part of my tender submission?
Yes, overseas Production Track Records would be recognised. Tenderers must list the types of produce, and in particular, the production output of Fin Fish.
Q11.Can I submit documents written in Chinese about my experience/track record in China?
Tender Proposal Form must be completed in English. However, if the
original versions of your supporting documents are in Chinese, SFA can
accept them. Please provide an explanation in English on the purpose of
each supporting document submitted in Chinese.
Q12.For a Tenderer without Production Track Records, but who intends to use a farming system from a proven solution provider, how should Section 2 of the Tender Proposal Form be completed?
Tenderers can indicate the production output from prototype systems (if
applicable) in Section 2 of the Tender Proposal Form. However, for
Tenderers without track record and prototype systems, Section 2 of the
Tender Proposal Form should be left blank.
Q13.If the solution provider decides to partner the Tenderer and submits a joint tender, or takes an equity stake in the tendering company, can the Production Track Records of the solution provider be used in Section 2 of the Tender Proposal Form?
Tenderers can indicate the track records and relevant experience of partners (e.g. partners in a joint tender or equity partners with shareholding in the tendering company) in the Tender Proposal Form. There are requirements on controlling interest when the Successful Tenderer is a company or includes one or more companies, including the requirement for shareholders as at the Tender Closing Date to hold and continue to retain a controlling interest of more than fifty percent (50%) of the shares in the company throughout the Lease Term. Refer to Condition 39 in the Conditions of Tender for requirements on controlling interest.
Q14.Are we allowed to partner with foreign companies for this tender?
There are no restrictions on joint ventures with foreign business entities.