Project Name: Real Estate Registration Project

Country: Azerbaijan Republic

Project Number: 7435AZ

Bid/Contract Reference No: RERP/NCB/W/PP#A7/2013

Scope of Contract: Contract agreement on pilot project on the real estate mass valuation in Sumgait city

Duration of Contract: 6 months

Contract Signature Date: November 26, 2013

Evaluation Currency: USD

Awarded Bidder - Technically and Financially Substantially Responsive Bid

Name: Sinergise Ltd, Slovenia

Address: Teslova ulica 30, SI-1000 Ljubljana, Slovenia.

Bid price at bid opening: 215 000 (two hundred fifteen thousand) US dollars

Evaluated Bid Price: 215 000 (two hundred fifteen thousand) US dollars

Contract Price: 215 000 (two hundred fifteen thousand) US dollars Rejected Bidders Bidder 2 Name: Eiroeksperts SİA, Latvia Address: Kr. Valdemara 20-9 Riga. LV-1010 Latvia. Bid price at bid opening: 180 000 (one hundred eighty thousand) AZN= 229 445 (two hundred twenty nine thousand four hundred fourty five) USD

Reason(s) for rejection: Considering the results of the responsiveness of the bidder to listed below evaluation criteria, EC considered the bid as non-responsive:

-Qualification Requirement -Experience in the similar works

-Requirements from Terms of Reference

-Proposed program

Bidder 3

Name: BKR IŞIK Konsaltinq, Azerbaijan

Address: 88, Mehdiyev str., Baku, Azerbaijan

 Bid price at bid opening: 140 000 (one hundred forty thousand) AZN= 178 458 (one hundred seventy eight thousand four hundred fifty eight) USD

Reason(s) for rejection: Considering the results of the responsiveness of the bidder to listed below evaluation criteria, EC considered the bid as non-responsive:

-Qualification Requirement -Experience in the similar works, two successfully completed contracts for mass valuation of properties in the last five years: the experience of the bidder on individual valuation considered not responsive for this criteria

-Requirements from Terms of Reference

Bidder 4

Name: Integris LLC, Azerbaijan

Address: 27, S. Y Bakuvi, Baku, Azerbaijan.

 Bid price at bid opening: 377 000 (three hundred seventy seven thousand) AZN= 480 561 (four hundred eighty thousand five hundred sixty one) USD

Reason(s) for rejection: As the Bidder proposed expensive software packages and licenses for mass valuation, EC considered the bid as Partially Responsive.

Bidder 5

Name:Assosiation of G & G Consulting-Yönetim Danışmanlığı ve Ticaret Ltd. Şti, Turkey

Address: Farabi Street No: 14/3 -4 Kavaakıldere 06 680, Ankara, Turkey.

 Bid price at bid opening: 379 585 (three hundred seventy nine thousand five hundred eighty five) USD

Reason(s) for rejection:

-Qualification Requirement -Experience in the similar works: The project on mass valuation has been implemented with Gayme program which it is not acceptable as advanced practice in the international experience, Bidder considered as partially responsive.

Bidder 6

Name: Assosiation of MAK Azerbaijan Ltd, Azerbaijan.

Address: Apartment 19/20, building 2, Salyan highway 2, Baku, Azerbaijan.

 Bid price at bid opening: 536 758 (five hundred thirty six thousand seven hundred fifty eight) AZN= 684 204 (six hundred eighty four thousand two hundred four) USD

Reason(s) for rejection: Considering the results of the responsiveness of the bidder to listed below evaluation criteria, EC considered the bid as non-responsive:

-Qualification Requirement - Annual turnover:

-Experience in the similar works: two successfully completed contracts for mass valuation of properties in the last five years