Unsolicited Proposal: The screening committee of IBN prepares the screening report of such proposals which is then submitted to the board of IBN chaired by Honorable Prime Minister of Nepal. The board afterwards decides either for its approval or disapproval related to feasibility study. If the board approves then the IBN negotiates with the developer for MOU. For example; for energy projects such MoU is signed prior to issuance of survey I.e. after approval of feasibility study by board, MoU is signed followed by issuance of survey license.
Solicited Proposal: The evaluation committee of IBN prepares the report of such proposals which is then submitted to the board of IBN. It is to be noted that depending up on the criteria set by evaluation committee and also approved by board, the number of developer that fits the criteria is selected and the report is then submitted to board for decision to seek request for proposal (RFP) from those developers. However, if there is single application for a project and the developer also fits the criteria then the board of IBN approves for the feasibility study which is followed by signing of MoU and afterwards survey license is issued if needed.