Call of Interest: FIDE World Women’s Championship 2016 Print
Friday, 19 February 2016 13:50

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CALL OF INTEREST TO POTENTIAL ORGANISERS FOR THE FIDE WORLD WOMEN’S CHAMPIONSHIP, OCTOBER 2016

1. FIDE is announcing a call of interest for potential organisers of the FIDE World Women’s Championship (knock-out system, 64 players) to be held 10-31 October 2016.

2. Each offer shall contain the following particulars as minimum:

a) Proposed venue of the event.
b) Proposed prize fund for the players (minimum 450,000 USD & should be offered net of any applicable local taxes).
c) The contribution to FIDE (net of any applicable local taxes and not less than 20% of the prize money) as stipulated in chapter 3.9 as well as all the financial obligations stated in chapter 3.21 of the World Women’s Championship 2016 Regulations.
d) Commitment to cover all the other financial obligations to FIDE, in accordance with the Regulations of the World Women’s Championship 2016.
e) Commitment to cover all organizational costs, in accordance with the Regulations.
f) Category of official hotel (minimum 4-stars), and name if possible, with special room rates for visitors (including meals).
g) A statement that the applicant accepts the regulations of the event without any reservations.
h) An invitation for 2 (two) members of the FIDE Commission for World Chess Championships and Olympiads to inspect the proposed venue and examine the other conditions, with all travel/hotel expenses paid by the bidder.
i) The applicant's name, signatures and authentication.

3. In order for an offer to be considered, it should be accompanied by a 9-month term bank guarantee covering the amount of prize fund (minimum 450,000 USD), the FIDE contribution (20% of the prize fund), 35,000 USD for WCOC budget plus 30,500 USD covering stipends of Principals. This guarantee should be of irrevocable form and from a bank that FIDE bankers, UBS of Switzerland, are able to confirm as acceptable.

Alternatively to the above paragraph, an organizer/bidder can deposit in FIDE's bank account the amount of 150,000 USD by the deadline of 23 April 2016 (refundable if the bid is rejected), and the remaining payments will be finalized in the signed contract between FIDE and the organizer(s).

4. An offer is considered valid if it is accompanied with a non-refundable Bid Fee of 1,000 USD payable to FIDE.

5. No organizer/bidder can propose a sponsor which shall be in conflict with the regulations of the International Olympic Committee (IOC).

6. The bids, including all original documents and particulars, shall arrive by registered post to the FIDE Secretariat, post address: 9 Syggrou Ave., 11743 Athens - Greece. The bidding process will close on 23 April 2016, 14:00 GMT.

7. When the deadline has expired, the FIDE President or his representative shall open the received envelopes in order to assess the bids. FIDE will announce the results within 15 days after the deadline. After the organizer has been selected, FIDE and the organizer shall sign a contract within 10 days, covering the organization of the FWWCM, the terms of payments and all other financial and technical requirements.

8. FIDE reserves the right to accept a bid based on the evaluation of all criteria under article 2 of the present call of interest and not only that of the prize fund. An organizer/bidder can also propose to host the Women’s World Championship 2016 under an option to host any other FIDE event of 2016-18. In that case, a separate bidding form should also be submitted for each event. If FIDE receives a satisfactory open offer that covers all the minimum financial requirements of the Women’s World Championship 2016, then FIDE may immediately terminate any other bidding procedure opened. FIDE also reserves the right not to award any bid at all, however favorable it might be.

REGULATIONS

Released by the FIDE Secretariat - 19 February 2016

 
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