china law
Lehmanlaw

What are the characteristics of the Ownership tenders?

The "Ownership Tenders" represent a unique initiative in its size and goals when looking back at previous Olympic Games. A party, who wishes to be part of the mentioned projects will have to discuss with the Owner of the venue. The Owners will have ample room to seek a solution that best fits their goal of profitability and their specific experience. The Owner will be in charge of the detailed architectural and engineering design as well as the construction of the venue. The Municipality in which the venue is located will be the "Master Coordinator" to make sure the general layout for Beijing City and the Olympic Green is respected. Other major parameters the Owner has to follow are the general specifications from IOC & BOCOG for the period of the Games. As for the Post-Olympic use, the Owner will have to make the major decisions.
Several teams are working at full speed to review the internal studies, the Master Plan and the tender documents. Foreign consultants have been appointed by the BDPC and are closely working with the Chinese side. The consultants, such as China Development Bank and Pricewaterhouse Coopers, were appointed after an international tender in early July 2002. The BDPC will look for the services of other consultants in due time and will make the necessary announcements.