Examples of Lead Partner in a sentence
If the Most Experienced i.e. Lead Partner defined as such in the Communication approving the qualification defaults, it shall be construed as default of the Contractor and Employer will take action under the Conditions of Contract.
The joint venture and/or consortium agreements must clearly set out the roles and responsibilities of the Lead Partner and the joint venture and/or consortium party.
The agreement must also clearly identify the Lead Partner, who shall be given the power of attorney to bind the other party/parties in respect of matters pertaining to the joint venture and/or consortium arrangement.
Firms with satisfactory Past or present performance with NHA or any other executing agency and that have not been blacklisted earlier by any government agency/ authority / organization.In case of joint venture, the Lead Partner must fulfil at least 70% of the above conditions mentioned in Clause-3.1a (ii), (iii) and (iv) and must have 50% or more share in the Joint Venture (JV) agreement, while the other member of the JV must fulfil the aforementioned criteria with respect to its share in the JV Agreement.
Contractor has to submit original bitumen purchase invoice from NRL, ARL & PARCO along with the IPC’s.In case of joint venture, the Lead Partner must fulfil at least 70% of the above conditions mentioned in Clause-3.1a (ii), (iii) and (iv) and must have 50% or more share in the Joint Venture (JV) agreement, while the other member of the JV must fulfil the aforementioned criteria with respect to its share in the JV Agreement.