Suffolk County Council Waste Project

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1 Suffolk County Council Waste Project ISDS - Bid Forms Bid Form BASE CASE WASTE FLOW SUMMARY / TONNAGE RECONCILIATION BREAKDOWN OF TOTAL BASE CASE UNITARY CHARGE (as per Payment Mechanism) AND UNDERLYING CASHFLOWS REQUIRED GUARANTEED MINIMUM TONNAGE AND MAXIMUM TONNAGE OF CONTRACT WASTE BASE LINE PAYMENT SUMMARY LANDFILL PERFORMANCE TABLE AND PROPOSED LANDFILL DIVERSION DEDUCTION RECYCLING PERFORMANCE TABLE LATS DIVERSION TABLE AND PROPOSED LATS DIVERSION BONUS/DEDUCTION THIRD PARTY REVENUE SUMMARY AND PROPOSED GAIN SHARE MECHANISM LANDFILL TAX AND LANDFILL GATE FEES SUMMARY OF FUNDING TERMS NON FORSEABLE SPECIFIC CHANGE IN LAW BENCH MARKING AND/OR MARKET TESTING OF CERTAIN MILAGE DEDUCTION NON ACCEPTANCE DEDUCTION RATE 15 EXCESS PROFIT SHARE C:\Documents and Settings\farldj\Desktop\David Docs\ ISDS doc 2 of 5 Bid Forms.xls 9th October 2008 v1

2 BID FORM 1: BASE CASE WASTE FLOW SUMMARY / TONNAGE RECONCILIATION NB: Based on Guaranteed performance as costed in the bidder's supporting financial model(s)) Project Year Facility Operational? Total Contract Total Recovery - inc Recycling and/or Landfill (Tonnes) BCW to Landfill Council BCW Other (Please add (Y/E 31 March) (Yes/No) Waste arising Recycling and composting (Tonnes) Landfill Targets description where (Tonnes) Composting (Tonnes) (Tonnes) relevant) (Tonnes) B A A-B Process Residues Unprocessed tonnage - Direct to Landfill Hazardous Non Hazadous Unprocessed tonnage rejects Non Accepted sent Direct to Landfill Contract Waste Active Inactive , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,385 Add more years as necessary

3 BID FORM 2: BREAKDOWN OF TOTAL BASE CASE UNITARY CHARGE (as per Payment Mechanism) AND UNDERLYING CASHFLOWS (Based on Bidder guaranteed performance) Unitary Charge Elements Underlying Cashflows: Sources and Uses ( ) Other Cashflows ( ) Project Year (Y/E 31 March) Base Line (B) Landfill Diversion Bonus / (Deduction) (D) Performance Deduction (P) Recycling Excess Payment Third Party Bonus/(Deductions) (EP) Revenue Sharing (R) (T) Other (Bidders to set out) (OC) Unitary Charge (UC) Proportion of UC Subject to Indexation Capital Costs Operating Costs Insurance Costs Guaranteed Funding Costs Tax Dividends Unadjusted Third Party Annual Unitary Income Charge (AN) Non-Guaranteed Council Share of Total Third Third Party non-guaranteed Party Income Income income % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Add more years as necessary % Notes To be completed for each Standard Bid The bid form should be completed using nominal cashflows and reconcile to the supporting financial model(s). The bid form should be completed with reference to the Payment Mechanism Paper included in Volume [X] of this ISDS and the Instructions and Guidance to Bidders included in Volume [X] For the purposes of the Standard Bid, Bidders should assume that waste volumes are equal to the Council's forecast waste growth profile as set out in this ISDS

4 BID FORM 3: REQUIRED GUARANTEED MINIMUM TONNAGE AND MAXIMUM TONNAGE OF CONTRACT WASTE Project Year (Y/E 31 March) Required Guaranteed Minimum Tonnage of Contract Waste Maximum Tonnage of Contract Waste , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,000 Add more years as necessary `

5 BID FORM 4: BASE LINE PAYMENT SUMMARY BANDING OF BASE LINE PAYMENT Band Bandwidth From (tonnes) Up to but not including (tonnes) Rate / Tonne Band 1 Band 2 Band 3 Band 4 Band 5 Bidders to modify framework as required Notes To be completed in Real terms The bid form should be completed with reference to section 4 of the Payment Mechanism Paper and the Instructions and Guidance to Bidders included in Volume [1]

7 BID FORM 5: LANDFILL PERFORMANCE TABLE AND PROPOSED LANDFILL RECOVERY DEDUCTION Processed Contract Waste Unprocessed Contract Waste Bid Forms Consistency Check Project Year NOT USED Bidder Guaranteed Processed Bidder Guaranteed Bidder Target Processed Bidder Guaranteed Bidder Guarantee Bidder Target Total Guaranteed Landfill % (Y/E 31 Landfill Performance % Recovery on Processed Landfill Performance % Unprocessed Landfill Recovery on Unprocessed unprocessed Landfill To reconcile to Bid form 1 March) (PLPT per Pay Mech section Contract Waste % (Base Performance % (ULPT in Contract Waste % (Base Performance % 5) Case) Pay Mech section 5) Case) Note 1 Note % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% % 100% 0% Add more years as necessary 100% 100% 0% Note 1: Where bidders fail to meet guaranteed recovery levels, diversion performance deductions will be incurred as per the Payment Mechanism. Bidders should set out their proposed /tonne deduction below, referring to section 5.1 of the Payment Mechanism and distinguishing between unprocessed Contract Waste sent to landfill and processed Contract Waste sent to landfill above levels guaranteed. NB: This /tonne deduction should not include the implications of bidders failing to meet guaranteed recovery standards on the Council's LATS position. This is considered in Bid Form 7 Landfill diversion deduction on processed Contract Waste / ( /Tonne) - PLAR Landfill diversion deduction on unprocessed Contract Waste (ie non accepted and/or rejected Contract Waste) / ( /Tonne) - ULAR Worked Example A Contractor proposes a facility of 240,000 tonnes per annum which generally achieves 90% diversion and 10% landfill. For a year when Contract Waste is expected to be 240,000 tonnes and the Contractor processes all contracted waste, the Contractor would bid 10% in Column C (reflecting the efficiency of the diversion process) and 0% in Column F (i.e. the amount not processed).

8 BID FORM 6: RECYCLING PERFORMANCE TABLE Project Year (Y/E 31 March) NOT USED Bidder Guaranteed % Note 1 Bidder Target % Note Add more years as necessary Note 1: Where bidders fail to meet these guaranteed recyling levels, a recycling deductions will be incurred as per the Draft Payment Mechanism. Bidders should set out their proposed /tonne deduction below: Recycling deduction / ( /Tonne) Note 2: Bidders should set out their proposed /tonne recycling bonus payment below where targeted recycling levels are exceeded (see Draft Payment Mechanism for details) Recycling bonus / ( /Tonne)

9 BID FORM 7: LATS DIVERSION TABLE AND PROPOSED LATS DIVERSION BONUS/DEDUCTION Project Year (Y/E 31 March) Council BCW Landfill Targets (Tonnes) Guaranteed BCW to Landfill - Base Case (Processed and Unprocessed tonnes of Contract Waste) Note 1 Target BCW to Landfill (tonnes) Note , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,385 Note 1: Bidders should set out below their proposed BCW diversion deduction rate/tonne in the following two instances: i) Where BCW to Landfill is greater than Bidder Guaranteed BCW to Landfill but less that the Council's targets (the rates to be applied to the excess over guaranteed); and ii) Where BCW to Landfill is greater than the Council's BCW landfill target (as set out in column B above) (the rate to be applied to both the excess over the Council's target and guaranteed amount) BCW diversion deduction / ( /T BCW diversion deduction / ( /T Note 2: Bidders should set out their proposed BCW Diversion gain share rate/tonne below (where BCW to landfill is less than the Bidder target levels as per column D above): BCW diversion bonus / ( /Tonne)

10 Tonne) Tonne)

11 BID FORM 8: THIRD PARTY REVENUE SUMMARY AND PROPOSED GAIN SHARE MECHANISM Project Year (Y/E 31 March) Guaranteed Revenue (Base Case) Note 1 Power Heat Recycling and Composting Other (Please specify) Total ( ) Add more years as necessary Note 1: Bidders should set out their proposed mechanism for the sharing of excess third party revenue above guaranteed levels. Bidders Response:

12 BID FORM 9:LANDFILL TAX AND LANDFILL GATE FEES Project Year (Y/E 31 March) Landfill tax rate assumed Note 1 Active /Tonne Inactive /Tonne Active /Tonne Landfill Gate Fees (inc Haulage) Note 2 Inactive /Tonne Hazardous /Tonne Add more years as necessary Note 1: Bidders should detail the rates of Landfill tax assumed per annum in their Bid and their proposed approach to variations in actual landfill tax rates arising per annum. Bidder Response: Note 2 Bidders should set out below their proposed approach to setting landfill gate fees and whether these are fixed rates for the duration of the project. Bidder Response:

13 BID FORM 10: SUMMARY OF FUNDING TERMS Funding Terms Funder Swap credit margin MLA Margin over LIBOR (Construction) Margin over LIBOR (Operation) (See Note 1) Tenor Tail Maximum permitted gearing Debt Service Reserve Account (See Note 2) Maintenance Reserve Account (See Note 3) ADSCR (Annual Debt Service Cover Ratio) LLCR (Loan Life Cover Ratio) Arrangement Fees Commitment Fees Minimum Average Lockup Minimum Average Lockup bps bps bps bps years years bps bps Notes: 1 - add rows as necessary if margins during operations vary. 2 - please state how many months debt service is required to be reserved, if a DSRA is required. If a DSRF is proposed, please indicate facility size required. 3 - Please state the duration of the look forward periods in addition to the percentage of future lifecycle costs required to be reserved.

14 BID FORM 11: NON FORSEABLE SPECIFIC CHANGE IN LAW Band Impact on Capital Expenditure-cumulative Contractors Share Council Share From To Band 1 0 [a] million 100% 0% Band 2 [a] million [b] million [m] % [u] % Band 3 [b] million [c] million [n] % [v] % Band 4 [c] million [d] million [p] % [w] % Band 5 [d] million [e] million [q] % [x] % Band 6 [e] million [f] million [r] % [y] % Band 7 [f] million and above 0% 100% Notes Please complete the above table setting out proposed Cumulative Capital Expenditure and the proposed Contractor and Council Share percentages with reference to the Draft Project Agreement, included in Volume [X] of this ISDS.

15 BID FORM 12: BENCH MARKING AND/OR MARKET TESTING OF CERTAIN SERVICES If applicable, the Bidder should set out below their proposals in relation to the benchmarking and/or market testing of certain services, where such bench marking/market testing provides value for money to the Council. Bidder Response: C:\Documents and Settings\farldj\Desktop\David Docs\ ISDS doc 2 of 5 Bid Forms.xls

16 BID FORM 13: MILAGE DEDUCTION Bidders should set out their approach of calculating the milage deduction in the event that the Authority has to deliver the contract waste to the Contingency Delivery Point Bidders Response:

17 BID FORM 14: NON ACCEPTANCE DEDUCTION RATE 0 Non Acceptance Add more years as necessary Deduction Rate Note 1 Note 1: Bidders should assume that the non acceptance deduction rates disclosed in the above table only applies post service commencement of the Project.

18 BID FORM 15: EXCESS PROFIT SHARE Bidders should set out their methodology for calculating the excess profit share. This should include calculations for actual profit, excess profit, excess profit thresholds if applicable and forecast profit if applicable. Bidders Response:

SCHEDULE 12. PAYMENT AND PERFORMANCE Part 1 PAYMENT MECHANISM

SCHEDULE 12. PAYMENT AND PERFORMANCE Part 1 PAYMENT MECHANISM CONFORMED COPY OF THE PRINCIPAL CONTRACT DATED 31 ST MARCH 2003 AND THE AMENDMENTS TO THE PRINCIPAL CONTRACT PURSUANT TO THE DEED OF AMENDMENT DATED 28 TH MAY 2003 SCHEDULE 12 PAYMENT AND PERFORMANCE Part