Common use of Bids by Joint venture/consortium Clause in Contracts

Bids by Joint venture/consortium. 6.9.1 The Joint Venture/consortium can be entered between two or more firms and limited to maximum three firms. 6.9.2 The lead member shall be a legal Entity and should have at least 51% share of participation in a JV / Consortium. 6.9.3 In case the Bidder is a JV of two members, then the minimum share of the Lead member shall be at least 51% and the minimum share of the 2nd member shall be 29%, with a total share of all the JV / Consortium members being 100%. In case the Bidder is a JV / Consortium of three members, then the minimum share of the Lead Member shall be at least 51%, minimum share of the 2nd member shall be 29% and minimum share of the 3rd member shall be 15%, with a total share of all the JV / Consortium members being 100%. However, JV / Consortium will have to be registered under the provisions of Company Act 2013. 6.9.4 There shall be a Joint Venture Agreement/ Memorandum of Understanding specific for the contract between the constituent firms, indicating clearly, amongst other things, the proposed distribution of responsibilities both financial as well as technical for execution of the work amongst them. A copy of the Joint Venture Agreement/ MOU in accordance with requirements mentioned shall be submitted along with the bid. The bidder has to submit documentary proof of "intent of forming JV/consortium" on Rs.100/- registered stamp paper at the time of submission of bid. The bidder is required to submit the Letter of Intent to enter into a JV / Consortium agreement should contain at least the following: - Name of the Lead Partner

Bids by Joint venture/consortium. 6.9.1 The Joint Venture/consortium can be entered between two or more firms and limited to maximum three firms. 6.9.2 The lead member shall be a legal Entity and should have at least atleast 51% share of participation in a JV / ConsortiumConsortium . 6.9.3 In case the Bidder is a JV of two members, then the minimum share of the Lead member shall be at least atleast 51% and the minimum share of the 2nd member shall be 29%, with a total share of all the JV / Consortium members being 100%. In case the Bidder is a JV / Consortium of three members, then the minimum share of the Lead Member shall be at least atleast 51%, minimum share of the 2nd member shall be 29% and minimum share of the 3rd member shall be 15%, with a total share of all the JV / Consortium members being 100%. However, JV / Consortium will have to be registered under the provisions of Company Act 2013. 6.9.4 There shall be a Joint Venture Agreement/ Memorandum of Understanding specific for the contract between the constituent firms, indicating clearly, amongst other things, the proposed distribution of responsibilities both financial as well as technical for execution of the work amongst them. A copy of the Joint Venture Agreement/ MOU in accordance with requirements mentioned shall be submitted along with the bid. The bidder has to submit documentary proof of "intent of forming JV/consortium" on Rs.100/- registered stamp paper at the time of submission of bid. The bidder is required to submit the Letter of Intent to enter into a JV / Consortium agreement should contain at least the following: - Name of the Lead Partner

Bids by Joint venture/consortium. 6.9.1 6.9.1. The Joint Venture/consortium can be entered between two or more firms and limited to maximum three firms. 6.9.2 6.9.2. The lead partner has to be an Indian company. The lead member shall be a legal Entity and should have at least 51% highest share of participation in a JV / ConsortiumJV/consortium. 6.9.3 6.9.3. In case the Bidder bidder is a JV of two members, members then the minimum share of the Lead member shall be at least 51% and the minimum share of the 2nd member shall be 29%25%.In case the bidder is JV/consortium of three members then the minimum share of 2nd and 3rd member shall be 15% each, with a total share of all the JV / Consortium JV/consortium members being 100%. In case the Bidder is a JV / Consortium of three members, then the minimum share of the Lead Member shall be at least 51%, minimum share of the 2nd member shall be 29% and minimum share of the 3rd member shall be 15%, with a total share of all the JV / Consortium members being 100%. However, JV / Consortium will have to be registered under the provisions of Company Act 2013. 6.9.4 6.9.4. There shall be a Joint Venture Agreement/ Memorandum of Understanding Agreement specific for the contract between the constituent firms, indicating clearly, amongst other things, the proposed distribution of responsibilities both financial as well as technical for execution of the work amongst them. A copy of the Joint Venture Agreement/ MOU Agreement in accordance with requirements mentioned in this RFP shall be submitted along with the bid. The bidder has to submit documentary proof of "intent of forming JV/consortium" on Rs.100/- registered notarized stamp paper at the time of submission of bid. The However, successful bidder is required to submit proof of registration of JV/consortium after issue of Letter of Intent and before signing of agreement. The members of JV/Consortium shall incorporate a special purpose vehicle as Contractor under the provisions of Companies Act, 1956, (as their wholly owned subsidiary) to execute the Project, if awarded to the JV/Consortium. The Letter of Intent to enter into a JV / Consortium agreement should contain at least the following: - Name of the Lead Partner

Bids by Joint venture/consortium. 6.9.1 The Joint Venture/consortium can be entered between two or more firms and limited to maximum three firms. 6.9.2 The lead partner has to be an Indian company. The lead member shall be a legal Entity and should have at least 51% highest share of participation in a JV / ConsortiumJV/consortium. 6.9.3 In case the Bidder bidder is a JV of two members, members then the minimum share of the Lead member shall be at least 51% and the minimum share of the 2nd member shall be 29%25%.In case the bidder is JV/consortium of three members then the minimum share of 2nd and 3rd member shall be 15% each, with a total share of all the JV / Consortium JV/consortium members being 100%. In case the Bidder is a JV / Consortium of three members, then the minimum share of the Lead Member shall be at least 51%, minimum share of the 2nd member shall be 29% and minimum share of the 3rd member shall be 15%, with a total share of all the JV / Consortium members being 100%. However, JV / Consortium will have to be registered under the provisions of Company Act 2013. 6.9.4 There shall be a Joint Venture Agreement/ Memorandum of Understanding specific for the contract between the constituent firms, indicating clearly, amongst other things, the proposed distribution of responsibilities both financial as well as technical for execution of the work amongst them. A copy of the Joint Venture Agreement/ MOU in accordance with requirements mentioned shall be submitted along with the bid. The bidder has to submit documentary proof of "intent of forming JV/consortium" on Rs.100/- registered notarized stamp paper at the time of submission of bid. The However, successful bidder is required to submit proof of registration of JV/consortium after issue of Letter of Intent and before signing of agreement. The members of JV/Consortium shall incorporate a special purpose vehicle as Contractor under the provisions of Companies Act, 1956, (as their wholly owned subsidiary) to execute the Project, if awarded to the JV/Consortium. The Letter of Intent to enter into a JV / Consortium agreement should contain at least the following: - Name of the Lead Partner

Bids by Joint venture/consortium. 6.9.1 The Joint Venture/consortium can be entered between two or more firms and limited to maximum three firms. 6.9.2 The lead member shall be a legal Entity and should have at least 51% highest share of participation in a JV / ConsortiumJV/consortium. 6.9.3 In case the Bidder bidder is a JV of two members, members then the minimum share of the Lead member shall be at least 51% and the minimum share of the 2nd member shall be 29%25%.In case the bidder is JV/consortium of three members then share of 2nd and 3rd member shall not be less than 15% each, with a total share of all the JV / Consortium JV/consortium members being 100%. In case the Bidder is a JV / Consortium of three members, then the minimum share of the Lead Member shall be at least 51%, minimum share of the 2nd member shall be 29% and minimum share of the 3rd member shall be 15%, with a total share of all the JV / Consortium members being 100%. However, JV / Consortium will have to be registered under the provisions of Company Act 2013. 6.9.4 There shall be a Joint Venture Agreement/ Memorandum of Understanding Agreement specific for the contract between the constituent firms, indicating clearly, amongst other things, the proposed distribution of responsibilities both financial as well as technical for execution of the work amongst themthem (as per the format in Form 4L). The Bidder has to submit either of the following: 6.9.4.1 A copy of the existing Joint Venture Agreement/ MOU Agreement (if any) in accordance with requirements mentioned shall be submitted along with the bid. The bidder has to submit in this Tender Document Or 6.9.4.2 A documentary proof of "intent of forming JV/consortium" on Rs.100/- registered notarized stamp paper at the time of submission of bid. The successful bidder is will however be required to submit the copy of Joint Venture Agreement in accordance with requirements mentioned in this Tender document after issuance of Letter of award and before signing of agreement. The members of JV/Consortium shall incorporate a Company and register the same under the provisions of Companies Act, 2013, (as their wholly owned subsidiary) to execute the Project, if awarded to the JV/Consortium. The Letter of Intent to enter into a JV / Consortium agreement should contain at least the following: - Name of the Lead Partner

Bids by Joint venture/consortium. 6.9.1 5.9.1 The Joint Venture/consortium can be entered between two or more firms and limited to maximum three firms. 6.9.2 5.9.2 The lead member shall be a legal Entity and should have at least atleast 51% share of participation in a JV / Consortium. 6.9.3 5.9.3 In case the Bidder is a JV of two members, then the minimum share of the Lead member shall be at least atleast 51% and the minimum share of the 2nd member shall be 29%, with a total share of all the JV / Consortium members being 100%. In case the Bidder is a JV / Consortium of three members, then the minimum share of the Lead Member shall be at least atleast 51%, minimum share of the 2nd member shall be 29% and minimum share of the 3rd member shall be 15%, with a total share of all the JV / Consortium members being 100%. However, JV / Consortium will have to be registered under the provisions of Company Act 2013. 6.9.4 5.9.4 There shall be a Joint Venture Agreement/ Agreement / Memorandum of Understanding specific for the contract between the constituent firms, indicating clearly, amongst other things, the proposed distribution of responsibilities both financial as well as technical for execution of the work amongst them. A copy of the Joint Venture Agreement/ Agreement / MOU in accordance with requirements mentioned shall be submitted along with the bid. The bidder has to submit documentary proof of "intent of forming JV/consortium" on Rs.100/- registered stamp paper at the time of submission of bid. The bidder is required to submit the Letter of Intent to enter into a JV / Consortium agreement should contain at least the following: - Name of the Lead Partner