TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...
TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...
TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...
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Tirupathi Urban Development Authority<br />
a. At any time, a material misrepresentation is made or uncovered for a Bidder or any<br />
of its members<br />
b. The Bidder does not respond promptly and thoroughly to requests for supplemental<br />
information required for the evaluation of the Bid<br />
This would lead to disqualification of the Bidder / Member wherein the Bidder / Member<br />
(either as Sole applicant or as part of another consortium) is present. If the Bidder is a<br />
Consortium, then the entire Consortium would be disqualified/ rejected. If such<br />
disqualification/ rejection occurs after the Commercial Offer has been opened and the<br />
Selected Developer gets disqualified/ rejected, TUDA reserves the right to take any such<br />
measure as may be deemed fit in the sole discretion of TUDA, including annulment of the<br />
bidding process. Notwithstanding the above, TUDA may debar / blacklist any of the<br />
Bidder(s) for their misleading or false representations in the forms, statements etc. for the<br />
period to be decided by TUDA.<br />
5.12 Acceptance of LOA and Execution of Development Agreement<br />
5.12.1 Within Seven (7) days from the date of issue of the LOA, the Selected Developer shall<br />
accept the LOA and return the same to TUDA. The Selected Developer shall execute the<br />
Development Agreement within forty-five (45) days of acceptance of LOA. In case, the<br />
Selected Developer fails to do so it shall forfeit its Bid Security and the Bidder who<br />
submitted the Second Proposal would be asked to match the Selected Developer’s offer<br />
and sign the Development Agreement within the time stipulated herein above. If the<br />
Bidder refuses to match the offer, its Bid Security shall not be forfeited and this process<br />
would be repeated with the Bidder who submitted the Third Proposal .<br />
5.12.2 In case the Section 5.10 and Section 5.12.1 do not result in any of the three top ranked<br />
Bidders or Original Project Proponent signing the Development Agreement under<br />
commercial terms of Preferred Proposal or that of Original Project Proponent, whichever<br />
is better, the Bidder who submitted the Preferred Proposal shall forfeit its Bid Security<br />
and be relieved from the Bid process. At this stage, the Bidder who submitted the Second<br />
Offer would be notified in writing by TUDA. Simultaneously, the Original Project<br />
Proponent would also be notified of the Commercial Offer in writing. If the Second<br />
Proposal is superior to the commercial terms of Original Project Proponent, the same<br />
would be invited to match the terms of Second Proposal within time period similar to that<br />
earlier used for Preferred Proposal. In the event that the Original Project Proponent<br />
matches the Commercial Offer of the Second Proposal, TUDA shall issue the Letter of<br />
Award (LOA) to the Original Project Proponent. If the Original Project Proponent is not<br />
willing/ refuses to match the commercial terms of the Second Proposal, the Bidder who<br />
submitted the Second Proposal shall be selected by TUDA for issuance of LOA. In the<br />
event that the commercial terms of Original Project Proponent are superior to that of<br />
Second Proposal, TUDA shall issue the LOA to the Original Project Proponent at terms<br />
given by it in its commercial offer.<br />
Request For Proposal<br />
Development of Integrated Tourism Temple Township on Public Private Partnership Basis<br />
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