Procedure for Bid
Submission
a) All bidders shall furnish the original hard copies of the Online payment / BG for EMD before submitting their Initial Price Offer and within the stipulated time, failing which their Initial Price Offer shall not be opened and they will not be taken forward into the reverse auction.
b) After identification of the L-1 Initial Price Offer, eligible (those who have submitted original hard copies of the Online payment / BG for EMD within the stipulated time) bidders shall be transferred to the Reverse Auction Platform.
c) The initial period of the Reverse tendering process will start after 3 hours, following which there will be auto extensions of time by 15 minutes in case of any reduction in bids recorded in the prior 15 minutes.
d) Decrements made in each subsequent bid shall not be less than 0.5% of the IBM uploaded.
Joint Venture:
Joint Venture: Allowed & not more than 2 JV partners (i.e Lead partner & one Joint Venture partner)
In case of Joint Venture (JV), the prime bidder must be the lead partner and should have at least 51% stake in JV partnership.
The joint venture agreement should indicate precisely the role of all members of JV in respect of planning, design, construction equipment, key personal, work execution and financing of the project. All the members of JV should have active participation execution during the execution of the contract. This should not be varied modified subsequently without prior approval of the employer.
i. The Joint Venture agreement shall not be cancelled or amended unilaterally without consent of the department and a statement to this effect should appear in the JV agreement. A copy of the JV agreement entered into by the Joint Venture partners and registered shall be submitted with the tender. Alternatively a letter of mtent to execute a JV agreement in the event of a successful tenders shall be signed by all partners and submitted with tender together with a copy of proposed agreement.
ii. The nominated representative shall be from the lead partner of the JV.
iii. Governing Laws. The Joint Venture Agreement shall in all respect be governed by and interpreted in accordance with Indian Laws.
iv. All the JV partners will be jointly and severally liable for execution of the project in accordance with General and Special Conditions of the Contract.
v. The JV members shall also be liable jointly and severally for the loss, damage caused to the Authority during the course of execution of the contract or due to non-execution of the contract or part.
vi. The lead member would be responsible for the successful implementation of the Project.
vii. Power of Attorney for Lead Member of joint venture shall be enclosed as per the format provided in the bid document.
viii. No member of the Joint Venture Firm shall have the right to assign or transfer the interest right or liability in the contract without the written consent of the other members and that of the Authority in respect of the side tender/contract.
ix. In case one or more of the JV Firm is/are partnership firm(s), following documents shall be submitted.
a) Notary certified copy of the partnership Deed
b) Consent of all the partners to enter into the Joint venture/Agreement on a stamp paper of appropriate value (in original)
c) Power of Attorney (duly registered as per prevailing law) in favour of one of the partners of the partnership firm and create liability against the firm.
x. In case one or more members is/are Proprietary Firm or HUF, the following documents shall be enclosed.
a) Affidavit on Stamp Paper of appropriate value declaring that his/her concern is a proprietary concern and he/she is sole proprietor of the concern or he/she is in position of ?KARTA? of Hindu Undivided Family (HUF) and he/she has the authority, power and consent given by other partners to act on behalf of HUF.
xi. In case one or more members is/are limited companies, the following documents shall be submitted:
Notary certified copy of resolutions of the Directors of the Company, permitting the company to enter into JV agreement, authorizing MD or one of the Directors of Managers of the Company to sign JV Agreement, such other documents required to be opened on behalf of the Company and enter into liability against the company and/or do any other act on behalf of the company.
a) Copy of Memorandum and Articles of Association of the Company.
b) Power of Attorney by the Company authorizing the person to d/act on behalf of the Company.
xii. No member of Joint Venture shall be member of another Joint Venture or Sole Bidder for bidding the same work. All such bids in that particular work shall be disqualified.
Tender and performance securities of a Joint Venture must be in the name of Joint Venture submitting the tender.
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