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 should have highest 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 2nd member shall be 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 total share of all the JV/consortium members being 100%. 6.9.4 There shall be a Joint Venture 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. The Bidder has to submit either of the following: 6.9.4.1 A copy of the Joint Venture Agreement in accordance with requirements mentioned in this Tender Document Or 6.9.4.2 A documentary proof of "intent of forming JV/consortium" on Rs.100/- notarized stamp paper at the time of submission of bid. The successful bidder 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 Intent and before signing of agreement. 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 should have highest 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 2nd member shall be 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 total share of all the JV/consortium members being 100%. 6.9.4 There shall be a Joint Venture 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 (if any) in accordance with requirements mentioned in this Tender Document Or 6.9.4.2 A documentary proof of "intent of forming JV/consortium" on Rs.100/- notarized stamp paper at the time of submission of bid. The successful bidder 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 Intent and before signing of agreement. 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 should have highest 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 2nd member shall be 25%.In 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 total share of all the JV/consortium members being 100%. 6.9.4 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. The Bidder has to submit either of the following: 6.9.4.1 A copy of the Joint Venture Agreement Agreement/ MOU in accordance with requirements mentioned in this Tender Document Or 6.9.4.2 A shall be submitted along with the bid. The bidder has to submit documentary proof of "intent of forming JV/consortium" on Rs.100/- notarized registered stamp paper at the time of submission of bid. The successful bidder will however be is required to submit the copy of Joint Venture Agreement in accordance with requirements mentioned in this Tender document after issuance of Letter of Intent and before signing of agreement. 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 should have highest 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 2nd member shall be 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 total share of all the JV/consortium members being 100%. 6.9.4 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. The Bidder has to submit either of the following: 6.9.4.1 A copy of the Joint Venture Agreement Agreement/ MOU in accordance with requirements mentioned in this Tender Document Or 6.9.4.2 A shall be submitted along with the bid. The bidder has to submit documentary proof of "intent of forming JV/consortium" on Rs.100/- notarized registered stamp paper at the time of submission of bid. The successful bidder will however be is required to submit the copy of Joint Venture Agreement in accordance with requirements mentioned in this Tender document after issuance of Letter of Intent and before signing of agreement. The Letter of Intent to enter into a JV / Consortium agreement should contain at least the following: - Name of the Lead Partner