Selection of Concessionaire For Redevelopment of Old Bus Stand At Hosur City Municipal Corporation Along With Commercial Development On Design, Build, Finance, Operate And Transfer DBFOT Basis Under PPP Mode

1. % of Gross Revenue Share to be paid every year to the Authority commencing from the 3rd (Third) anniversary of the COD of the Project in accordance with the terms of the Concession Agreement. 2. The Gross Revenue Share payable by the Concessionaire to the Authority shall be exclusive of applicable taxes. The Concessionaire shall additionally be liable to pay GST and any other indirect taxes, levies, or duties as may be applicable from time to time on such Gross Revenue Share. 3. If a Bidder submits a Financial Bid quoting a Gross Revenue Share below the minimum Gross Revenue Share percentage as specified in Clause 1.2.7 of this RFP, such Financial Bid shall be rejected being non-responsive without any further consideration or clarification 4. The Concessionaire shall, in addition to the Gross Revenue Share, pay an Annual Concession Fee in accordance with the Concession Agreement.