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ONGC sets now guidelines for contracts-III: Consortium rules reset
Mar 08:
It has now become compulsory to mention whenever a consortium is bidding to indicate in the unpriced bid the percentage of work to be done by each member
8Each member should individually meet the financial criteria parameters in proportion to the work performed
8But here again, the condition is that the leader of the consortium must have a minimum of 50% (of the annualized bid value) of the turnover, networth and working capital specified and 20% for other members of the consortium
8If in a tender, there is no specific condition to allow bidders to quote for a part quantity, then the bidder should meet the financial criteria required for the item, category and group as a whole
8This condition will not be applicable for OEM/PAC and nomination purchases as well as for consultancy services.
Click on Reports for more
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8Each member should individually meet the financial criteria parameters in proportion to the work performed
8But here again, the condition is that the leader of the consortium must have a minimum of 50% (of the annualized bid value) of the turnover, networth and working capital specified and 20% for other members of the consortium
8If in a tender, there is no specific condition to allow bidders to quote for a part quantity, then the bidder should meet the financial criteria required for the item, category and group as a whole
8This condition will not be applicable for OEM/PAC and nomination purchases as well as for consultancy services.
Click on Reports for more
