Five local bids have been submitted to build accommodation units at the planned Tahitian Village complex, says French Polynesia's government.
The Tahitian Village is the remnant of the $US3 billion Mahana Beach project, which the government launched six years ago with the aim of doubling tourist numbers.
The government said the agency acting on its behalf, TNAD, had begun vetting the investment bids.
Last July, New Zealand consortium Kaitiaki Tagaloa missed three deadlines to finalise contracts worth $US700m to construct accommodation at the Tahitian Village site.
Last month, French Polynesia's vice-president Teva Rohfritsch met four short-listed bidders to build a congress centre as part of the Tahitian Village project.
A jury is expected to decide by June which project will win the contract - worth about $US70m.
The project has been dogged by delays and an investigation is underway into claims that the government broke environmental laws when huge quantities of material were deposited at the proposed resort site.