From time to time, DIASPORA CAPITAL GROUP, INC. invites the submittal of Statements of Qualifications (SOQ) from Kenya registered firms qualified to provide commercial and residential real estate and land development services required in connection with the development and improvement of its Real Estate projects. The types of services may include, but are not limited to, portfolio management, site review, real estate development strategy, construction, marketing, real estate economics, deal structuring, financing, public private partnerships, cost estimating, urban planning, architectural design and other related services.

Submission Requirements

Each submittal in response to our RFQ requests must respond to each of the following items, individually. Any additional information or exhibits should be attached in a separate section. Failure to provide requested information may result in your response being deemed non-responsive and therefore eliminated from further consideration or downgraded accordingly, in the DCG’s sole discretion.

Letters of Qualification in response to the RFQ must include one (1) volume addressing each numbered subsection in the order requested, indexed and clearly identified. Letters of Qualification that are not in compliance with the requirements may be downgraded accordingly.

• Proposing Entity Structure – Firm’s Statement of the following:
  • The name and address of the legal entity that will contract with the DCG for the Project and the date established.
  • statement declaring the type of business relationship the firm will use (i.e. a single company, joint venture or other form of business relationship. If the firm is a joint venture or partnership, the Qualifying Experience in Section C may be satisfied by the Joint Venture, Partnership entity, or any member entity thereof. Please state whether the Joint Venture or Partnership entity is currently in existence, is being formed specifically for this project, or whether it will be formed upon award. If is formed specifically for this project or will be formed upon award, please provide a copy of the Joint Venture or Partnership Agreement. Each Joint Venture or Partnership entity submitted to be used must be the same Joint Venture or Partnership entity recorded as policyholder of the insurance required in Section E below.
  • Name, address, email address and telephone/fax numbers of one (1) individual to whom all future correspondence and/or communications will be directed.
  • Provide information as to the proposer’s experience and qualifications in real estate development and marketing of commercial properties, and the types of uses permitted pursuant to the City of Sanford zoning classification of Restricted Industrial (RI-1) and the Future Land Use designation of Airport Industry & Commerce (AIC).
  • Based on the scope of services to be provided to the DCG, please provide a proposed staffing plan and organizational chart.
  • Any additional information or experience that is relevant to the RFQ that may provide additional benefit to the DCG.
• Executive Brief – An executive brief which includes:
  • A proposed plan for developing and marketing the Development Property.
  • A narrative on why the firm should be selected, including:
    • A brief overview of the specific experience and expertise of the proposed professional team explaining why this team should be selected, including prior experience in real estate development and infrastructure construction
    • Prior examples and experience where the proposed professional team has worked on other commercial and airport support development projects.
    • Prior examples and experience where the proposed professional team has worked on other airport support land use development projects.
    • Discussion of similar projects referenced in Paragraph C below with particular reference to the master development planning process, business strategy, revenue performance and lessons learned.
• Qualifying Experience. Each submittal in response to our RFQs should include an Organizational Chart with names and titles for reference. List not more than three (3) key personnel for each category and provide a resume showing the experience of each individual on similar projects.
  • It is preferred that the firm and its key personnel have prior experience as the prime developer and marketer for other commercial and residential development projects within in Kenya.
  • It is preferred that the firm and its key personnel have prior experience as the prime developer and marketer for other real estate and land use development projects in Kenya.
  • Provide additional information on other similar projects which best represent the proposer’s skill and experience in working on projects of the size, type and complexity of the Project.
• Insurance Requirements. Include evidence of the proposer’s ability to provide the following insurance coverage, either by means of an existing policy or other verifiable proof (Agent/Broker commitment letter):
  • Commercial General Liability (CGL)- Minimum equivalent of USD $1,000,000 per occurrence and annual aggregate, with maximum deductible or self-insured retention in an amount not exceeding equivalent of USD $100,000. Any deductible or self-insurance retention should be indicated on the proposer’s certificate of insurance.
  • Automobile Liability – Minimum equivalent of USD $1,000,000 per occurrence, with maximum deductible or self-insured retention in an amount not exceeding equivalent of USD $100,000 for contracts equal to or exceeding equivalent of USD $1,000,000. Any deductible or self-insurance retention should be indicated on the Consultant’s certificate of insurance.
  • Pollution Liability – Minimum of $1,000,000 with a maximum deductible or self-insured retention equivalent of USD $100,000.
  • Worker’s Compensation – (statutory limit)
  • Employer’s Liability:equivalent of USD $100,000 – each accidentequivalent of USD $500,000 disease – policy limitequivalent of USD $100,000 disease – each agent/employee

Policy terms must be acceptable to the DCG and must comply with the DCG’s requirements for insurance.

• Financial Statements. Proposers must submit a copy of their most recent audited annual financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) for the last two years. If audited annual GAAP financial statements are not available, provide unaudited balance sheets, income statements, and cash flow statements for the last two years prepared in accordance with GAAP. This financial documentation shall be submitted and included in only one copy of the Letter of Qualifications. “Confidential Financial Records Submitted under Seal and Exempt from Kenya Public Records Disclosure”. Include the proposer’s firm name on the submission. If the firm is a joint venture or partnership, the above-requested documentation shall be submitted from each entity of the joint venture or partnership.
• Claim Information. Disclose all lawsuits, arbitrations and claims filed or raised by or against the firm over the last five (5) years, specifically identifying:
  • The project involved
  • The parties involved
  • The nature of the litigation or arbitration
  • Amount at issue
  • Litigation, case style, number, and jurisdiction
• Additional Information. Any additional information that may be requested by the DCG at the Pre-Submittal Conference.

Evaluation And Award Criteria

The DCG Investments Committee and President/CEO (the “Committee”) will evaluate the submittals received in response to this Request for Qualifications. Following submission, the Committee intends to rank the firms who respond based on their submittals. Among the factors to be considered in ranking the firms are: