1.

Confirms each joint venture participant‘s commitment to the joint venture and
acceptance of the joint venture arrangements described in the Bid in accordance
with ITB Section 3.6(b);
2. Confirms each joint venture participant‘s willingness to provide a joint and
several guarantee to the Owner to underwrite the performance of the joint venture
in respect of the Contract; and
3. Identifies which joint venture participant,
i. will assume the leading role on behalf of the other joint venture participants;
and
ii. will have the authority to commit all joint venture participants.
iii. will have the authority to incur liabilities and receive instructions for and on
behalf of any and all participants of the joint venture.
b. A copy of the Joint Venture Agreement entered into by the Partners (JV Participants)
shall be submitted with the bid. Alternatively, a Letter of Intent as per format
provided under Annexure A -Part K to execute a Joint Venture Agreement in the
event of a successful bid shall be signed by all partners and submitted with the bid
together with a copy of the proposed Agreement, clearly indicating the objectives of
the joint venture, the proposed management structure, the contribution of each
participant to the joint venture operations, the commitment of the participants to joint
and several liability for performance of the contract, recourse or sanctions within the
joint venture in the event of default or withdrawal of any participant, and
arrangements for providing the required indemnities.
c. If the Successful Bidder is a Joint Venture to whom the contract is awarded, each
partner of the Joint Venture shall sign and execute the contract with the Owner and
shall be jointly and severally responsible to Owner for the performance of the
contract.
3.7. Technical Section – Part V – Power of Attorney
Each Bidder shall provide, as Part V of the Technical Section of its Bid, a written power
of attorney in accordance with ITB Section 3.15(c).
3.8. Technical Section – Part VI – Commissions and Gratuities
In Part VI of the Technical Section of its Bid, each Bidder shall provide detailed
information listing all commissions and gratuities, if any, paid or to be paid by the Bidder
to agents relating to this Bid or the Contract if the Bidder is awarded the Contract. The
Bidder shall list the name and address of any agents, the amount and currency paid or to
be paid to the agents and the purpose of the commission or gratuity. If no such
commissions and gratuities have been paid, the Bidder shall provide this information in
Part VI of the Technical Section of its Bid.
3.9. Technical Section – Part VII – Pre-Printed Literature
If the Bidder wishes to provide pre-printed literature about the Bidder or the joint venture
participants, that pre-printed literature shall be contained in Part VII of the Technical
Section of the Bid only and shall be separately bound.

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