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Grand Atlantic Investment and Development Opportunity

Open/Closing Date:
Monday, May 2, 2016 - 08:15 to Friday, June 24, 2016 - 17:00





Executive Summary:

The Government of Bermuda, Ministry of Public Works, through the Bermuda Housing Corporation, invites sealed proposals from qualified investors, individuals or companies with relevant qualification and experience to submit technical and financial proposals to undertake the purchase and redevelopment of the property known as “Grand Atlantic Condominiums” located in Warwick at #2, #4, #6, & #8 Atlantic Close and #1, #2, #3, #4 & #5 Atlantic Crescent and who have met the desired descriptions of requirements and outcomes.

This Request for Proposals (RFP) is being issued by the Bermuda Housing Corporation; Copies of the RFP package can be obtained from the Government of Bermuda portal at or directly from the Bermuda Housing Corporation, which is located at the IAS Park Building (east entrance), Ground Floor, 44 Church Street, Hamilton, HM 12, Bermuda. 


Dates and Times

Issuing of the RFP (Published on

and in the Official Gazette, posting of e-mail notices of RFP)

May 2nd, 2016

Proponent’s Conference and Property Site Visit (Proponents must e-mail the PCO to confirm attendance)

May 14th, 2016 at 11:00AM ADT

Letter of Intent and Deadline for Clarifications and Questions from Proponents. [The letter of intent and requests must be made in writing and transmitted by e- mail.]

May 31st, 2016 at 10:00 a.m. ADT

Posting of the responses to Proponent’s questions and/ or Government’s  Addenda , Published on

June 7th, 2016

Proposal Submission Deadline (Closing)

(Late Proposals will not be considered)

June 24th, 2016 at 4:00 p.m. ADT

Proposals Opening (This will not be a public opening)

June 24th, 2016 at 4:00 p.m. ADT

Preliminary Examination of Proposal – Pre-Screening  and Shortlisting of Proponents

Between June 27th, 2016 and  July 8th, 2016

Proposal Evaluation by Evaluation and Selection Committee review and scoring of short listed Proponents

Between July 11th, 2016 and  July 22nd, 2016

Oral Presentations for proof of concept from Proponent finalist(s).

The exact times and dates slots will be communicated to finalist(s) in due time

Complete Selection and  Evaluation Process

Tentatively January 31st, 2017

Award of Contract(s)

Tentatively April 1st, 2017

Designated Point of Contact


Bermuda Housing Corporation



Phone calls will not be accepted or returned