5.0 Request for Proposal — IRB Mandatory Requirements

5.1. There are seven mandatory requirements that the Bidder must meet. The omission of any part of the following seven requirements will result in the IRB proposal being declared non-compliant such that the Bidder's complete bid package will not be evaluated:

5.1.1. Requirement One: The Bidder's IRB proposal must equal a minimum of 100 percent of the bid price, measured in Canadian Content Value (CCV), to be achieved within the period beginning XXXX and ending XX years after the Effective Date of Contract. For the winning bidder, the amount proposed will become the IRB Commitment Value which must be achieved under the pursuant contract. The Bidder must also match the bid price of any contract options with an equal amount of IRB, measured in CCV.

5.1.2. Requirement Two: In its IRB Proposal due at bid closing, the Bidder must identify acceptable IRB Transactions which are detailed, fully described and equal in total to a minimum of 30 percent of the bid price, measured in CCV. The bidder must also commit to identifying, one (1) year after contract award, additional acceptable IRB Transactions which are detailed, fully described and bring the cumulative total of identified acceptable IRB Transactions to 60 percent of the contract value, measured in CCV. The bidder must also commit to identifying, X years after contract award, additional acceptable IRB Transactions which are detailed, fully described and bring the cumulative total of identified acceptable IRB Transactions to 100 percent of the contract value, measured in CCV.

5.1.3. Requirement Three: The Bidder must commit to a minimum of Direct IRB transactions equal to XX percent of the bid price, measured in CCV.

5.1.4. Requirement Four: The Bidder must accept and agree to the terms associated with a failure to meet IRB obligations (Liquidated Damages of 10 percent and/or holdbacks).

5.1.5. Requirement Five: In the evaluation of the IRB Proposal, it must achieve a minimum of 36 points for the IRB Plans and 270 points for the IRB Transactions.

5.1.6. Requirement Six: The Bidder must accept the IRB Terms and Conditions of the IRB Model Contract.

5.1.7. Requirement Seven: The Bidder's IRB Proposal must contain the following components:

5.1.7.1. Executive Summary of IRB Commitment

5.1.7.2. Company Business Plan

5.1.7.3. IRB Management Plan

5.1.7.4. Regional Development Plan

5.1.7.5. Small and Medium Business Development Plan

5.1.7.6. Detailed IRB Transaction Sheets

5.1.7.7. Completed IRB Mandatory Requirements Compliancy Checklist