Bidding process for co-investors in the construction of a hotel and suite complex and multi-family suites at Jabucko Ravniste was finished yesterday with only one bid submitted. The bid will be opened and appraised either tomorrow or on Monday, Branko Radan, mountain resort development manager at the Stara Planina public company, says to eKapija.
The Finance Ministry and the Stara Planina public company invited bids from prospective co-investors in late June, specifying July 29th as the deadline to submit bids and extending it later until August 6th.
According to our interlocutor, in line with the rules listed in the ITB, the Commission will have three days after opening the bid to appraise its technical validity. If the bid is valid, negotiations with the bidder will kick off.
Negotiations will last for minimum seven days, but there is no deadline for completing them.