CONSORTIUM BIDS (WHERE APPLICABLE) Sample Clauses

CONSORTIUM BIDS (WHERE APPLICABLE). 12.8.1 In case of Consortium BID, in their own interest, the BIDDERS are advised to investigate capabilities, availability of expertise and r esources such as experienced personnel, financial soundness, past experience and c oncurrent engagements of constituting partners / members. Consortium of BIDDERS, if any, must clearly define role/ scope of work of each partner/ member. Further, the CONTRACT for a Consortium must accompany the BID and should clearly define the leader of such a Consortium, who shall co-ordinate with OWNER on behalf of the Consortium, during the period which the BID is under evaluation by OWNER or is being negotiated with OWNER as well as during execution of WORK, in the event the WORK is awarded. All the members of the Consortium shall be j ointly and s everally responsible for the execution of the WORK in accordance with the CONTRACT.
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