The bid security of a Joint Venture must define as ―Bidder‖ all Joint Venture Partners

and list them in the following manner:

―a Joint Venture consisting of ‗.......‘, ‗..........‘ and ‗............‘.
b. The Bid Security shall, at the Bidder‘s option, be in the form of a certified cheque,
but only if the certified cheque shows a validity date, letter of credit/ demand draft or
a bank guarantee from a scheduled bank in India selected by the Bidder The format of
any bank guarantee provided by a Bidder shall be in accordance with the form of Bid
Security contained in Annexure APart c to the Bidding Documents. The Bidder shall
ensure that the Bid Security remains valid for a period of 45 days after the end of the
original Bid Validity Period, as defined in ITB Section 3.14(a), and 45 days after any
extension subsequently requested by the Owner in accordance with ITB Section
3.14(b).
c. Any Bid not accompanied by an acceptable Bid Security shall be rejected by the
Owner as being non-responsive. The Bid Security of a joint venture must be in the
name of all of the participants in the joint venture submitting the Bid.
d. The Owner will return the Bid Securities of the unsuccessful Bidders as promptly as
possible, upon the successful Bidder‘s signing the contract and furnishing the
required performance securityandESHS Performance Security.
e. The Bid Security of the Successful Bidder will be returned when the Bidder has
signed the Form of Contract pursuant to ITB Section 6.4 and has provided the
required Performance Security and ESHS Performance Securityas set out in the
Contract and ITB Section 6.5.
f. The Bid Security may, in the discretion of the Owner, be forfeited,
1. if the Bidder withdraws its Bid during the Bid Validity Period; or
2. in the case of the Successful Bidder, if the Successful Bidder fails within the
specified time limit,
i. to execute the Form of Contract in accordance with ITB Section 6.4; or
ii. to furnish the Performance Securityand ESHS Performance Security to the
Owner in accordance with ITB Section 6.5.
3.5. Technical Section – Part III – Bid Form and Qualification Information
a. In Part III of the Technical Section of its Bid, each Bidder shall provide a completed
Bid Form in the same form and substance as the Bid Form contained in Annexure A
Part a to the Bidding Documents.
b. In Part III of the Technical Section of its Bid, Bidders shall submit Information Forms
duly completed to evidence compliance with the Qualification Criteria provided in
the AnnexureAPart h to the bidding documents. The Information Forms are provided
in the Annexure A Part i to the Bidding Documents.
3.6. Technical Section – Part IV - Joint Venture Documents and Requirements
a. Each Joint Venture Bidder shall submit, as Part IV of the Technical Section of its Bid,
a written commitment, in the form of a letter duly executed by an authorized officer
of each joint venture participant which,

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