O&M Experience. The Applicant shall, [in the case of a Consortium, include a Member who shall subscribe and continue to hold at least 10% (ten per cent) of the subscribed and paid up equity of the SPV for a period of 5 (five) years from the date of commercial operation of the Project, and has either by itself or through its Associate, experience of 5 (five) years or more in operation and maintenance (O&M) of Category 1 projects specified in Clause 3.2.1, which have an aggregate capital cost equal to Rs. 8.5 crore (Rupees eight crore and fifty lakhs only). In case the Applicant is not a Consortium, it shall be eligible only if it has equivalent experience of its own or through its Associates. In the event that the Applicant does not have such experience, it should furnish an undertaking that if selected to undertake the Project, it shall for a period of at least 5 (five) years from the date of commercial operation of the Project, enter into an agreement for entrusting its operation & maintenance (O&M) obligations to an entity having the aforesaid experience, failing which the Development and Operation Agreement shall be liable to be terminated.
O&M Experience. The Applicant shall, in the case of a Consortium, include a member, having at least 26% (twenty six percent) equity participation in the Project company/ SPV, who has experience of five years or more in operation and maintenance (O&M) of a 3 (three) star or above category hotel / resort1. In case the Applicant is not a Consortium, it shall be eligible only if it has equivalent experience on its own. In the absence of such experience, the Applicant may at the RFQ stage, furnish a Letter of Association with any entity having the requisite O & M Experience and in the event of the Applicant being qualified for the Bid Stage, shall submit an agreement obligating the said entity to undertake the O & M operations for a period of at least 5 (five) years from the date of commercial operation of the Project, failing which the Concession Agreement shall be liable to termination.
O&M Experience. The Applicant shall furnish an undertaking that if selected to undertake the Project, it shall employ experienced and qualified staff for discharging its maintenance obligations under the Agreement.
O&M Experience. In the event that the Bidder does not have the requisite O&M experience, it shall either enter into an agreement, for a period of at least 5 (five) years from COD of the facilities falling under minimum development obligation of Phase-1 of the Core Mice Hub Facility, with an entity having the aforesaid experience of O&M of at least one 5 Star Hotel or equivalent or O&M of a Conventions Centre of minimum 25,000 sft of main hall for a minimum continuous period of 5 years relating to the performance of O&M obligations, or engage experienced and qualified personnel for discharging its O&M obligations in accordance with the provisions of the Concession cum Development Agreement, failing which the Concession cum Development Agreement shall be liable to termination. The Bidder shall enclose with its Technical Proposal, to be submitted as per the format at Appendix-I, complete with its Annexes, the following$:
