CALL FOR BIDS

The following table provides a list of active and historic Calls for Bids beginning in 1990. Information includes the parcel information, the names of winning bidders and the winning bid amount (called a Work Expenditure Bid).

 

Call For Bids	Announcement	Call Results	Effective Date	EL	$ Million Cdn
NS09-1	Dec. 04, 09	July 08, 10
NS08-2	Nov. 21, 08	July 06, 09	Aug. 14, 09	2421-22	12.6
NS08-1	Jun.25, 08	Nov. 07, 08	Jan. 01, 09	2419-20	136.9
NS07-1	Dec. 11, 07	Jul.10, 08	Sept. 15, 08	2417-18	216.8
NS03-1	Jun. 04, 03	Nov. 12, 03	Jan. 01, 04	2415-16	14.1
NS01-1	Jun. 06, 01	Nov. 02, 01	Jan. 01, 02	2406-2414	527.2
NS00-1	Jun. 29, 00	Nov. 02, 00	Jan. 01, 01	2398-2405	192
NS99-1	Jun. 17, 99	Nov. 05, 99	Jan. 01, 00	2387-97	61.2
NS98-2	Dec. 02, 98	May 04, 99	Jul. 01, 99	2368-86	592.5
NS98-1	Jun. 17, 98	Nov. 13, 98	Jan. 01, 99	2366-67	4.4
NS97-3	Dec. 12, 97	May 05, 98	Jul. 01, 98	2364-65	4.4
NS97-2	Dec. 12, 97	May 05, 98	Jul. 01, 98	2359-63	88.6
NS97-1		Nov. 13, 97	Jan 1, 98	2358	1.3
NS96-1		May 14, 97	July 1, 97	2357	2.3
NS95-1			Jan 1, 96	2356	86.4
NS93-1			July 1, 94	2355	1.0
NS90-1			Aug 23, 90	2100	2.6

A Call for Bids is a formal announcement by the Board that a licence is available to be awarded through a competitive bidding process. The Board may issue a Call for Bids twice a year.

The land in which the licence is available for bidding has been nominated either by the Board or industry. The Call for Bids specifies:

• The type of interest to be issued (EL, SDL or PL);
• The terms and conditions of the interest;
• The form and manner in which the bid is to be submitted;
• A closing date;
• The sole criterion that the Board will apply in assessing bids submitted in response to the Call.

Bidding is open for a minimum of 120 days. While the Call for Bids is open, the Board welcomes written submissions from the public on the specific parcels included in the bid. Such submissions are considered by the Board before a licence is issued. The process is open and transparent. Any person or company may bid on a parcel of land and any person or group may comment.

One of the Board's strategic directions is aimed at optimizing resource management. The 2007-2008 Call for Bids (NS07-1) is consistent with this new approach, and contains new terms and conditions which draw on best practices from other jurisdictions in Canada and worldwide.
Some of the new terms and conditions include:

• A lower minimum expenditure bid;
• A delay in the timing of the work deposit;
• 150% credit on allowable expenditures incurred in the first three years of the licence.