RFQ Ludhiana Talwandi 2 Dec 09

National Highways Authority of India
(Ministry of Road, Transport & Highways)

Government of India
INTERNATIONAL COMPETITIVE BIDDING UNDER TWO STAGE BIDDING PROCESS FOR
FOUR LANING OF
LUDHIANA TO TALWANDI
SECTION OF NH - 95 FROM KM 92.000 TO KM 170.000 IN THE STATE OF

PUNJAB TO BE EXECUTED ON BOT (TOLL) ON DBFOT BASIS UNDER NHDP
PHASE III
Request for Qualification (RFQ)
December 2009
G-5 & 6, Sector – 10, Dwarka, New Delhi 110075

GLOSSARY
Applicant(s) As defined in Clause 1.2.1

Application As defined in the Disclaimer
Application Due Date As defined in Clause 1.1.5
Associate As defined in Clause 2.2.9
Authority As defined in Clause 1.1.1
Bids As defined in Clause 1.2.3
Bid Due Date As defined in Clause 1.2.3
Bid Security As defined in Clause 1.2.4
Bidders As defined in Clause 1.1.1
Bidding Documents As defined in Clause 1.2.3
Bidding Process As defined in Clause 1.2.1
Bid Stage As defined in Clause 1.2.1
Concessionaire As defined in Clause 1.1.2
Concession Agreement As defined in Clause 1.1.2
Conflict of Interest As defined in Clause 2.2.1(c)
Consortium As defined in Clause 2.2.1(a)
DBFOT As defined in Clause 1.1.1
Eligible Experience As defined in Clause 3.2.1
Eligible Projects As defined in Clause 3.2.1
Estimated Project Cost As defined in Clause 1.1.4
Experience Score As defined in Clause 3.2.6
Financial Capacity As defined in Clause 2.2.2 (B)
Government Government of Punjab
Grant As defined in Clause 1.2.8
Highest Bidder As defined in Clause 1.2.8
Jt. Bidding Agreement As defined in Clause 2.2.6 (g)
Lead Member As defined in Clause 2.2.6 (c)
LOA Letter of Award
Member Member of a Consortium
Net Worth As defined in Clause 2.2.4 (ii)
PPP Public Private Partnership
Premium As defined in Clause 1.2.8
Project As defined in Clause 1.1.1
Qualification As defined in Clause 1.2.1
Qualification Stage As defined in Clause 1.2.1
Re. or Rs. or INR Indian Rupee
RFP or Request for Proposals As defined in Clause 1.2.1
RFQ As defined in the Disclaimer
SPV As defined in Clause 2.2.6
Technical Capacity As defined in Clause 2.2.2 (A)
Threshold Technical Capability As defined in Clause 2.2.2 (A)
The words and expressions beginning with capital letters and defined in this document
shall, unless repugnant to the context, have the meaning ascribed thereto herein.
Four Laning of Ludhiana to Talwandi Section of NH-95 from km 92.000 to km 170.000 in the state of
Punjab to be executed on BOT (Toll) on DBFOT basis under NHDP Phase III Project.
i
TABLE OF CONTENTS
Sl. No. Contents Page

No.
Glossary i
Disclaimer v
1 Introduction 1
1.1 Background 1
1.2 Brief description of Bidding Process 2
1.3 Schedule of Bidding Process 4
2 Instructions to Applicants 5
2A General 5
2.1 Scope of Application 5
2.2 Eligibility of Applicants 5
2.3 Change in composition of the Consortium 11
2.4 Number of Applications and costs thereof 12
2.5 Site visit and verification of information 12
2.6 Acknowledgement by Applicant 12
2.7 Right to accept or reject any or all Applications/ Bids 13
2B Documents 14
2.8 Contents of the RFQ 14
2.9 Clarifications 14
2.10 Amendment of RFQ 15
2C Preparation and Submission of Application 15

2.11 Language 15
2.12 Format and signing of Application 15
2.13 Sealing and marking of Applications 16
2.14 Application Due Date 17
2.15 Late Applications 17
2.16 Modifications/ substitution/ withdrawal of Applications 17
2D Evaluation Process 18
2.17 Opening and Evaluation of Applications 18
2.18 Confidentiality 19
2.19 Tests of responsiveness 19
ii
2.20 Clarifications 20
2E Qualification and Bidding 20
2.21 Short-listing and notification 20
2.22 Submission of Bids 20
2.23 Proprietary data 20
2.24 Correspondence with the Applicant 21
3 Criteria for Evaluation 22

3.1 Evaluation parameters 22
3.2 Technical Capacity for purposes of evaluation 22
3.3 Details of Experience 24
3.4 Financial information for purposes of evaluation 24
3.5 Short-listing of Applicants 25
4 Fraud and Corrupt Practices 26
5 Pre-Application Conference 28
6 Miscellaneous 29
Appendices
I Format for Application 30
Annex – I Details of Applicant 33
Annex – II Technical Capacity of Applicant 35
Annex – III Financial Capacity of Applicant 37
Annex – IV Details of Eligible Projects 39
Annex – V Statement of Legal Capacity 44
II Format for Power of Attorney for signing of Application 45
III Format for Power of Attorney for Lead Member of Consortium 47
IV Format for Joint Bidding Agreement for Consortium 50
V Guidelines of the Department of Disinvestment 57
iii
DISCLAIMER
The information contained in this Request for Qualification document (the “RFQ”) or
subsequently provided to Applicant(s), whether verbally or in documentary or any
other form, by or on behalf of the Authority or any of its employees or advisors, is
provided to Applicant(s) on the terms and conditions set out in this RFQ and such
other terms and conditions subject to which such information is provided.
This RFQ is not an agreement and is neither an offer nor invitation by the Authority to
the prospective Applicants or any other person. The purpose of this RFQ is to provide
interested parties with information that may be useful to them in the formulation of
their application for qualification pursuant to this RFQ (the “Application”). This RFQ
includes statements, which reflect various assumptions and assessments arrived at by
the Authority in relation to the Project. Such assumptions, assessments and statements
do not purport to contain all the information that each Applicant may require. This
RFQ may not be appropriate for all persons, and it is not possible for the Authority, its
employees or advisors to consider the investment objectives, financial situation and
particular needs of each party who reads or uses this RFQ. The assumptions,
assessments, statements and information contained in this RFQ may not be complete,
accurate, adequate or correct. Each Applicant should therefore, conduct its own
investigations and analysis and should check the accuracy, adequacy, correctness,
reliability and completeness of the assumptions, assessments, statements and
information contained in this RFQ and obtain independent advice from appropriate
sources.
Information provided in this RFQ to the Applicant(s) is on a wide range of matters,

some of which may depend upon interpretation of law. The information given is not
intended to be an exhaustive account of statutory requirements and should not be
regarded as a complete or authoritative statement of law. The Authority accepts no
responsibility for the accuracy or otherwise for any interpretation or opinion on law
expressed herein.
The Authority, its employees and advisors make no representation or warranty and
shall have no liability to any person, including any Applicant or Bidder, under any
law, statute, rules or regulations or tort, principles of restitution or unjust enrichment
or otherwise for any loss, damages, cost or expense which may arise from or be
incurred or suffered on account of anything contained in this RFQ or otherwise,
including the accuracy, adequacy, correctness, completeness or reliability of the RFQ
and any assessment, assumption, statement or information contained therein or
deemed to form part of this RFQ or arising in any way with pre-qualification of
Applicants for participation in the Bidding Process.
The Authority also accepts no liability of any nature whether resulting from
negligence or otherwise howsoever caused arising from reliance of any Applicant
upon the statements contained in this RFQ.
The Authority may, in its absolute discretion but without being under any obligation
to do so, update, amend or supplement the information, assessment or assumptions
contained in this RFQ.
iv
The issue of this RFQ does not imply that the Authority is bound to select and short-
list pre-qualified Applications for Bid Stage or to appoint the selected Bidder or
Concessionaire, as the case may be, for the Project and the Authority reserves the
right to reject all or any of the Applications or Bids without assigning any reasons
whatsoever.
The Applicant shall bear all its costs associated with or relating to the preparation and
submission of its Application including but not limited to preparation, copying,
postage, delivery fees, expenses associated with any demonstrations or presentations
which may be required by the Authority or any other costs incurred in connection
with or relating to its Application. All such costs and expenses will remain with the
Applicant and the Authority shall not be liable in any manner whatsoever for the same
or for any other costs or other expenses incurred by an Applicant in preparation or
submission of the Application, regardless of the conduct or outcome of the Bidding
Process.
v
Government of India
National Highways Authority of India/Ministry of Road Transport & Highways
1. INTRODUCTION
1.1 Background
1.1.1 The National Highways Authority of India (the “Authority”) is engaged in the
development of National Highways and as part of this endeavour, the Authority
has decided to undertake development and operation/ maintenance of the four
laning of Ludhiana to Talwandi Section of NH - 95 from km 92.000 to km
170.000 in the state of Punjab to be executed on BOT (Toll) under NHDP Phase
III Project (the “Project”) through Public-Private Partnership (the “PPP”) on
Design, Build, Finance, Operate and Transfer (the "DBFOT") basis, and has
decided to carry out the bidding process for selection of a private entity as the
bidder to whom the Project may be awarded. A brief description of the project
may be seen in the Information Memorandum of the Project at the Authority’s
website www.nhai.org Brief particulars of the Project are as follows:
Name of the National Length in Km Indicative Project Cost

Highway (In Rs. cr.)
Ludhiana - Talwandi section 78.000 479

of NH-95
The Authority intends to pre-qualify suitable Applicants (the “Bidders”) who will
be eligible for participation in the Bid Stage, for awarding the Project through an
open competitive bidding process in accordance with the procedure set out herein.
1.1.2 The selected Bidder, who is either a company incorporated under the Companies
Act, 1956 or undertakes to incorporate as such prior to execution of the
concession agreement (the “Concessionaire”) shall be responsible for designing,
engineering, financing, procurement, construction, operation and maintenance of
the Project under and in accordance with the provisions of a long - term
concession agreement (the “Concession Agreement”) to be entered into between
the Concessionaire and the Authority in the form provided by the Authority as
part of the Bidding Documents pursuant hereto.
1.1.3 The scope of work will broadly include rehabilitation, upgradation and widening
of the existing carriageway to four-lane standards with construction of new
pavement, rehabilitation of existing pavement, construction and/or rehabilitation
of major and minor bridges, culverts, road intersections, interchanges, drains, etc.
and the operation and maintenance thereof.
1.1.4 Indicative capital cost of the Project (the “Estimated Project Cost”) will be
revised and specified in the Bidding Documents of the Project. The assessment of
actual costs, however, will have to be made by the Bidders.
1
1.1.5 The Authority shall receive Applications pursuant to this RFQ in accordance with
the terms set forth herein as modified, altered, amended and clarified from time to
time by the Authority, and all Applications shall be prepared and submitted in
accordance with such terms on or before the date specified in Clause 1.3 for
submission of Applications (the “Application Due Date”).
1.2 Brief description of Bidding Process
1.2.1 The Authority has adopted a two-stage process (collectively referred to as the
"Bidding Process") for selection of the bidder for award of the Project. The first
stage (the "Qualification Stage") of the process involves qualification (the
“Qualification”) of interested parties/ consortia who make an Application in
accordance with the provisions of this RFQ (the "Applicant", which expression
shall, unless repugnant to the context, include the Members of the Consortium).
Prior to making an Application, the Applicant shall pay to the Authority a sum of
Rs. 50,000 (Rupees fifty thousand) as the cost of the RFQ process. At the end of
this stage, the Authority expects to announce a list of all pre-qualified Applicants
who shall be eligible for participation in the second stage of the Bidding Process
(the "Bid Stage") comprising Request for Proposals (the “Request for
Proposals” or “RFP”).
Government of India has issued guidelines (see Appendix-V) for qualification of

bidders seeking to acquire stakes in any public sector enterprise through the
process of disinvestment. These guidelines shall apply mutatis mutandis to this
Bidding Process. The Authority shall be entitled to disqualify an Applicant in
accordance with the aforesaid guidelines at any stage of the Bidding Process.
Applicants must satisfy themselves that they are qualified to bid, and should give
an undertaking to this effect in the form at Appendix-I.
1.2.2 In the Qualification Stage, Applicants would be required to furnish all the
information specified in this RFQ. Only those Applicants that are pre-qualified
and short-listed by the Authority shall be invited to submit their Bids for the
Project. The Authority is likely to provide a comparatively short time span for
submission of the Bids for the Project. The Applicants are, therefore, advised to
visit the site and familiarise themselves with the Project.
1.2.3 In the Bid Stage, the Bidders will be called upon to submit their financial offers
(the "Bids") in accordance with the RFP and other documents to be provided by
the Authority (collectively the "Bidding Documents"). The Bidding Documents
for the Project will be provided to every Bidder on payment of {Rs. 100,000 (Rs.
one lakh only)}$. The Bid shall be valid for a period of not less than 120 days
from the date specified in Clause 1.3 for submission of bids (the “Bid Due
Date”).
1.2.4 In terms of the RFP, a Bidder will be required to deposit, along with its Bid, a bid
security of 9.58 Crore (Rupees Nine Crore Fifty Eight Lakh Only) (the "Bid
Security"), refundable no later than 60 (sixty) days from the Bid Due Date,
except in the case of the selected Bidder whose Bid Security shall be retained till
it has provided a Performance Security under the Concession Agreement. The
$
The actual amount will be indicated in the RFP.
2
Bidders will have an option to provide Bid Security in the form of a demand draft
or a bank guarantee acceptable to the Authority and in such event, the validity
period of the demand draft or bank guarantee, as the case may be, shall not be less
than 180 (one hundred and eighty) days from the Bid Due Date, inclusive of a
claim period of 60 (sixty) days, and may be extended as may be mutually agreed
between the Authority and the Bidder from time to time. The Bid shall be
summarily rejected if it is not accompanied by the Bid Security.
1.2.5 Generally, the Highest Bidder shall be the selected Bidder. The remaining Bidders
shall be kept in reserve and may, in accordance with the process specified in the
RFP, be invited to match the Bid submitted by the Highest Bidder in case such
Highest Bidder withdraws or is not selected for any reason. In the event that none
of the other Bidders match the Bid of the Highest Bidder, the Authority may, in
its discretion, invite fresh Bids from the remaining Bidders or annul the Bidding
Process, as the case may be.
1.2.6 During the Bid Stage, Bidders are invited to examine the Project in greater detail,
and to carry out, at their cost, such studies as may be required for submitting their
respective Bids for award of the concession including implementation of the
Project.
1.2.7 As part of the Bidding Documents, the Authority will provide a draft Concession
Agreement and project report/ feasibility report prepared by the Authority/ its
consultants and other information pertaining/ relevant to the Project available with
it.
1.2.8 Bids will be invited for the Project on the basis of the lowest financial grant (the
"Grant") required by a Bidder for implementing the Project. A Bidder may,
instead of seeking a Grant, offer to pay a premium in the form of revenue share
and/ or upfront payment, as the case may be, (the "Premium") to the Authority
for award of the concession. The concession period shall be pre-determined, and
will be indicated in the draft Concession Agreement forming part of the Bidding
Documents. The Grant/ Premium amount shall constitute the sole criteria for
evaluation of Bids. The Project shall be awarded to the Bidder quoting the highest
Premium, and in the event that no Bidder offers a Premium, then to the Bidder
seeking the lowest Grant.
In this RFQ, the term “Highest Bidder” shall mean the Bidder who is offering the
highest Premium, and where no Bidder is offering a Premium, the Bidder seeking
the lowest Grant shall be the Highest Bidder.
1.2.9 The Concessionaire shall be entitled to levy and charge a pre-determined user fee
from users of the Project under and in accordance with the National Highways
Fee (Determination of Rates and Collection) Rules, 2008.
1.2.10 Further and other details of the process to be followed at the Bid Stage and the
terms thereof will be spelt out in the Bidding Documents.
1.2.11 Any queries or request for additional information concerning this RFQ shall be
submitted in writing or by fax and e-mail to the officer designated in Clause
3
2.13.3 below. The envelopes/ communications shall clearly bear the following
identification/ title:
"Queries/ Request for Additional Information: RFQ for four Laning of Ludhiana to
Talwandi Section of NH-95 from km 92.000 to km 170.000 in the state of Punjab to be
executed on BOT (Toll) on DBFOT basis under NHDP Phase III Project”.
1.3 Schedule of Bidding Process
The Authority shall endeavour to adhere to the following schedule:
Event Description Date
Qualification Stage
1. Last date for receiving queries 24.12.2009
2. Pre-Application Conference 30.12.2009
3. Authority response to queries latest by 04.01.2010
4. Application Due Date 08.01.2010
5. Announcement of short-list Within 15 days of
Application Due Date
Bid Stage Estimated Date

1. Sale of Bid Documents To be specified
2. Last date for receiving queries To be specified
3. Pre-Bid meeting – 1 To be specified
4. Authority response to queries latest by To be specified
5. Bid Due Date To be specified
6. Opening of Bids On Bid Due Date
7. Letter of Award (LOA) Within 30 days of Bid Due Date
8. Validity of Bids 120 days of Bid Due Date
9. Signing of Concession Agreement Within 30 days of award of LOA
4
2. INSTRUCTIONS TO APPLICANTS
A. GENERAL
2.1 Scope of Application
2.1.1 The Authority wishes to receive Applications for Qualification in order to pre-
qualify experienced and capable Applicants for the Bid Stage.
2.1.2 Pre-qualified Applicants may be subsequently invited to submit the Bids for the
Project.
2.2 Eligibility of Applicants
2.2.1 For determining the eligibility of Applicants for their pre-qualification hereunder,
the following shall apply:
(a) The Applicant for pre-qualification may be a single entity or a group of

entities (the “Consortium”), coming together to implement the Project. However,
no applicant applying individually or as a member of a Consortium, as the case
may be, can be member of another Applicant. The term Applicant used herein
would apply to both a single entity and a Consortium.
(b) An Applicant may be a natural person, private entity, or any combination of

them with a formal intent to enter into an agreement or under an existing
agreement to form a Consortium. A Consortium shall be eligible for consideration
subject to the conditions set out in Clause 2.2.6 below.
(c) An Applicant shall not have a conflict of interest (the “Conflict of Interest”)
that affects the Bidding Process. Any Applicant found to have a Conflict of
Interest shall be disqualified. An Applicant shall be deemed to have a Conflict of
Interest affecting the Bidding Process, if:
(i) the Applicant, its Member or Associate (or any constituent thereof) and
any other Applicant, its Member or any Associate thereof (or any
constituent thereof) have common controlling shareholders or other
ownership interest; provided that this disqualification shall not apply in
cases where the direct or indirect shareholding of an Applicant, its
Member or an Associate thereof (or any shareholder thereof having a
shareholding of not more than 25% (twenty five per cent) of the paid up
and subscribed share capital of such Applicant, Member or Associate, as
the case may be) in the other Applicant, its Member or Associate, as the
case may be, is not more than twenty five per cent of the paid up and
subscribed share capital thereof; provided further that this
disqualification shall not apply to any ownership by a bank, insurance
company, pension fund or a public financial institution referred to in
section 4A of the Companies Act 1956. For the purposes of this Clause
2.2.1(c), indirect shareholding held through one or more intermediate
persons shall be computed as follows: (aa) where any intermediary is
controlled by a person through management control or otherwise, the
entire shareholding held by such controlled intermediary in any other
5
person (the “Subject Person”) shall be taken into account for computing
the shareholding of such controlling person in the Subject Person; and (bb)
subject always to sub-clause (aa) above, where a person does not exercise
control over an intermediary, which has shareholding in the Subject
Person, the computation of indirect shareholding of such person in the
Subject Person shall be undertaken on a proportionate basis; provided,
however, that no such shareholding shall be reckoned under this sub-
clause (bb) if the shareholding of such person in the intermediary is less
than 26% of the subscribed and paid up equity shareholding of such
intermediary; or
(ii) a constituent of such Applicant is also a constituent of another Applicant;

or
(iii) such Applicant, or any Associate thereof receives or has received any
direct or indirect subsidy, grant, concessional loan or subordinated debt
from any other Applicant, or any Associate thereof or has provided any
such subsidy, grant, concessional loan or subordinated debt to any other
Applicant, its Member or any Associate thereof; or
(iv) such Applicant has the same legal representative for purposes of this
Application as any other Applicant; or
(v) such Applicant, or any Associate thereof has a relationship with another
Applicant, or any Associate thereof, directly or through common third
party/ parties, that puts either or both of them in a position to have access
to each others’ information about, or to influence the Application of either
or each other; or
(vi) such Applicant, or any Associate thereof has participated as a consultant to

the Authority in the preparation of any documents, design or technical
specifications of the Project.
(d) An Applicant shall be liable for disqualification if any legal, financial or

technical adviser of the Authority in relation to the Project is engaged by the
Applicant, its Member or any Associate thereof, as the case may be, in any
manner for matters related to or incidental to the Project. For the avoidance
of doubt, this disqualification shall not apply where such adviser was
engaged by the Applicant, its Member or Associate in the past but its
assignment expired or was terminated 6 (six) months prior to the date of
issue of this RFQ. Nor will this disqualification apply where such adviser is
engaged after a period of 3 (three) years from the date of commercial
operation of the Project.
Explanation: In case an Applicant is a Consortium, then the term Applicant as

used in this Clause 2.2.1, shall include each Member of such Consortium.
2.2.2 To be eligible for pre-qualification and short-listing, an Applicant shall fulfil the
following conditions of eligibility:
6
(A) Technical Capacity: For demonstrating technical capacity and experience (the
“Technical Capacity”), the Applicant shall, over the past 5 (five) financial years
preceding the Application Due Date, have:
(i) paid for, or received payments for, construction of Eligible Project(s); and/
or
(ii) paid for development of Eligible Project(s) in Category 1 and/or Category

2 specified in Clause 3.2.1; and/ or
(iii) collected and appropriated revenues from Eligible Project(s) in Category 1

and/or Category 2 specified in Clause 3.2.1, such that the sum total of the
above as further adjusted in accordance with Clause 3.2.6, is more than
Rs. 479 crore (Rs. four seventy nine crore) (the “Threshold Technical
Capability”).
Provided that at least one fourth of the Threshold Technical Capability

shall be from the Eligible Projects in Category 1 and/ or Category 3
specified in Clause 3.2.1.
(B) Financial Capacity: The Applicant shall have a minimum Net Worth (the
“Financial Capacity”) of Rs. 119.75 crore (Rs. one hundred and nineteen crore
and seventy five lakh) at the close of the preceding financial year.
In case of a Consortium, the combined technical capability and net worth of those
Members, who have and shall continue to have an equity share of at least 26%
(twenty six per cent) each in the SPV, should satisfy the above conditions of
eligibility; provided that each such Member shall, for a period of 2 (two) years
from the date of commercial operation of the Project, hold equity share capital not
less than: (i) 26% (twenty six per cent) of the subscribed and paid up equity of the
SPV; and (ii) 5% (five per cent) of the Total Project Cost specified in the
Concession Agreement£.
2.2.3 O&M Experience: The Applicant shall engage an experienced O&M contractor
or hire qualified and trained personnel for operation and maintenance of the
project in conformity with the provisions of the concession agreement.
2.2.4 The Applicants shall enclose with its application, to be submitted as per the
format at Appendix-I, complete with its Annexes, the following:
(i) Certificate(s) from its statutory auditors$ or the concerned client(s) stating
the payments made/ received or works commissioned, as the case may be,
during the past 5 years in respect of the projects specified in paragraph
2.2.2 (A) above. In case a particular job/ contract has been jointly executed
£
The Authority may, in its discretion, impose further obligations in the Concession Agreement, but such
obligations should provide sufficient mobility for partial divestment of equity without compromising the
interests of the Project.
$
In case duly certified audited annual financial statements containing explicitly the requisite details are
provided, a separate certification by statutory auditors would not be necessary in respect of Clause 2.2.4 (i).
In jurisdictions that do not have statutory auditors, the firm of auditors which audits the annual accounts of
the Applicant may provide the certificates required under this RFQ.
7
by the Applicant (as part of a consortium), it should further support its
claim for the share in work done for that particular job/ contract by
producing a certificate from its statutory auditor or the client; and
(ii) certificate(s) from its statutory auditors specifying the net worth of the
Applicant, as at the close of the preceding financial year, and also
specifying that the methodology adopted for calculating such net worth
conforms to the provisions of this Clause 2.2.4 (ii). For the purposes of
this RFQ, net worth (the “Net Worth”) shall mean the sum of subscribed
and paid up equity and reserves from which shall be deducted the sum of
revaluation reserves, miscellaneous expenditure not written off and
reserves not available for distribution to equity share holders.
2.2.5 The Applicant should submit a Power of Attorney as per the format at Appendix-
II, authorising the signatory of the Application to commit the Applicant. In the
case of a Consortium, the Members should submit a Power of Attorney in favour
of the Lead Member as per format at Appendix-III.
2.2.6 Where the Applicant is a single entity, it may be required to form an appropriate
Special Purpose Vehicle, incorporated under the Indian Companies Act 1956 (the
“SPV”), to execute the Concession Agreement and implement the Project. In case
the Applicant is a Consortium, it shall, in addition to forming an SPV, comply
with the following additional requirements:
(a) Number of members in a consortium shall not exceed 6 (six), but

information sought in the Application may be restricted to 4 (four)
members in the order of their equity contribution;
(b) subject to the provisions of clause (a) above, the Application should
contain the information required for each member of the Consortium;
(c) members of the Consortium shall nominate one member as the lead
member (the “Lead Member”), who shall have an equity share holding of
at least 26% (twenty six per cent) of the paid up and subscribed equity of
the SPV. The nomination(s) shall be supported by a Power of Attorney, as
per the format at Appendix-III, signed by all the other members of the
Consortium;
(d) the Application should include a brief description of the roles and
responsibilities of individual members, particularly with reference to
financial, technical and O&M obligations;
(e) an individual Applicant cannot at the same time be member of a

Consortium applying for pre-qualification. Further, a member of a
particular Applicant Consortium cannot be member of any other Applicant
Consortium applying for pre-qualification;
(f) the members of a Consortium shall form an appropriate SPV to execute

the Project, if awarded to the Consortium;
(g) members of the Consortium shall enter into a binding Joint Bidding
Agreement, substantially in the form specified at Appendix-IV (the “Jt.
Bidding Agreement”), for the purpose of making the Application and
8
submitting a Bid in the event of being short-listed. The Jt. Bidding
Agreement, to be submitted along with the Application, shall, inter alia:
(i) convey the intent to form an SPV with shareholding/ ownership

equity commitment(s) in accordance with this RFQ, which would
enter into the Concession Agreement and subsequently perform all
the obligations of the Concessionaire in terms of the Concession
Agreement, in case the concession to undertake the Project is
awarded to the Consortium;
(ii) clearly outline the proposed roles and responsibilities, if any, of

each member;
(iii) commit the minimum equity stake to be held by each member;
(iv) commit that each of the members, whose experience will be

evaluated for the purposes of this RFQ, shall subscribe to 26%
(twenty six per cent) or more of the paid up and subscribed equity
of the SPV and shall further commit that each such member shall,
for a period of 2 (two) years from the date of commercial operation
of the Project, hold equity share capital not less than: (i) 26%
(twenty six per cent) of the subscribed and paid up equity share
capital of the SPV; and (ii) 5% (five per cent) of the Total Project
Cost specified in the Concession Agreement;
(v) members of the Consortium undertake that they shall collectively

hold at least 51% (fifty one per cent) of the subscribed and paid up
equity of the SPV at all times until the second anniversary of the
commercial operation date of the Project; and
(vi) include a statement to the effect that all members of the

Consortium shall be liable jointly and severally for all obligations
of the Concessionaire in relation to the Project until the Financial
Close of the Project is achieved in accordance with the Concession
Agreement; and
(h) except as provided under this RFQ and the Bidding Documents, there shall
not be any amendment to the Jt. Bidding Agreement without the prior
written consent of the Authority.
2.2.7 Any entity which has been barred by the Central/ State Government, or any entity
controlled by it, from participating in any project (BOT or otherwise), and the bar
subsists as on the date of Application, would not be eligible to submit an
Application, either individually or as member of a Consortium.
2.2.8 An Applicant including any Consortium Member or Associate should, in the last
3 (three) years, have neither failed to perform on any contract, as evidenced by
imposition of a penalty by an arbitral or judicial authority or a judicial
pronouncement or arbitration award against the Applicant, Consortium Member
or Associate, as the case may be, nor has been expelled from any project or
contract by any public entity nor have had any contract terminated any public
entity for breach by such Applicant, Consortium Member or Associate .
9
2.2.9 In computing the Technical Capacity and Net Worth of the Applicant/
Consortium Members under Clauses 2.2.2, 2.2.4 and 3.2, the Technical Capacity
and Net Worth of their respective Associates would also be eligible hereunder.
For purposes of this RFQ, Associate means, in relation to the Applicant/

Consortium Member, a person who controls, is controlled by, or is under the
common control with such Applicant/ Consortium Member (the “Associate”). As
used in this definition, the expression “control” means, with respect to a person
which is a company or corporation, the ownership, directly or indirectly, of more
than 50% (fifty per cent) of the voting shares of such person, and with respect to a
person which is not a company or corporation, the power to direct the
management and policies of such person by operation of law.
It is clarified that a certificate from a qualified external auditor who audits the book
of accounts of the Applicant or the Consortium Member shall be provided to
demonstrate that a person is an Associate of the Applicant or the Consortium as the
case may be
2.2.10 The following conditions shall be adhered to while submitting an Application:
(a) Applicants should attach clearly marked and referenced continuation

sheets in the event that the space provided in the prescribed forms in the
Annexes is insufficient. Alternatively, Applicants may format the
prescribed forms making due provision for incorporation of the requested
information;
(b) information supplied by an Applicant (or other constituent Member if the

Applicant is a Consortium) must apply to the Applicant, Member or
Associate named in the Application and not, unless specifically requested,
to other associated companies or firms. Invitation to submit Bids will be
issued only to Applicants whose identity and/ or constitution is identical to
that at pre-qualification;
(c) in responding to the pre-qualification submissions, Applicants should

demonstrate their capabilities in accordance with Clause 3.1 below; and
(d) in case the Applicant is a Consortium, each Member should substantially

satisfy the pre-qualification requirements to the extent specified herein.
2.2.11 While Qualification is open to persons from any country, the following provisions
shall apply:
(a) Where, on the date of the Application, not less than 15% (fifteen percent)
of the aggregate issued, subscribed and paid up equity share capital in an
Applicant or its Member is held by persons resident outside India or where
an Applicant or its Member is controlled by persons resident outside India;
or
(b) if at any subsequent stage after the date of the Application, there is an
acquisition of not less than 15% (fifteen percent) of the aggregate issued,
10
subscribed and paid up equity share capital or control, by persons resident
outside India, in or of the Applicant or its Member;
then the Qualification of such Applicant or in the event described in sub clause (b)
above, the continued Qualification of the Applicant shall be subject to approval of
the Authority from national security and public interest perspective. The decision
of the Authority in this behalf shall be final and conclusive and binding on the
Applicant.
The holding or acquisition of equity or control, as above, shall include direct or

indirect holding/ acquisition, including by transfer, of the direct or indirect legal
or beneficial ownership or control, by persons acting for themselves or in concert
and in determining such holding or acquisition, the Authority shall be guided by
the principles, precedents and definitions contained in the Securities and
Exchange Board of India (Substantial Acquisition of Shares and Takeovers)
Regulations, 1997, or any substitute thereof, as in force on the date of such
acquisition.
The Applicant shall promptly inform the Authority of any change in the
shareholding, as above, and failure to do so shall render the Applicant liable for
disqualification from the Bidding Process.
2.2.12 Notwithstanding anything to the contrary contained herein, in the event that the
Application Due Date falls within three months of the closing of the latest
financial year of an Applicant, it shall ignore such financial year for the purposes
of its Application and furnish all its information and certification with reference to
the 5 (five) years or 1 (one) year, as the case may be, preceding its latest financial
year. For the avoidance of doubt, financial year shall, for the purposes of an
Application hereunder, mean the accounting year followed by the Applicant in the
course of its normal business.
2.3 Change in composition of the Consortium
2.3.1 Change in the composition of a Consortium will not be permitted by the Authority
during the Qualification Stage.
2.3.2 Where the Bidder is a Consortium, change in the composition of a Consortium

may be permitted by the Authority during the Bid Stage, only where:
(a) the application for such change is made no later than 15 (fifteen) days
prior to the Bid Due Date;
(b) the Lead Member continues to be the Lead Member of the Consortium;
(c) the substitute is at least equal, in terms of Technical Capacity, to the

Consortium Member who is sought to be substituted and the modified
Consortium shall continue to meet the pre-qualification and short-listing
criteria for Applicants; and
(d) the new Member(s) expressly adopt(s) the Application already made on
behalf of the Consortium as if it were a party to it originally, and is not an
11
Applicant/Member/Associate of any other Consortium bidding for this
Project.
2.3.3 Approval for change in the composition of a Consortium shall be at the sole
discretion of the Authority and must be approved by the Authority in writing.
2.3.4 The modified/ reconstituted Consortium shall submit a revised Jt. Bidding
Agreement before the Bid Due Date.
2.3.5 Notwithstanding anything to the contrary contained in sub-clause (c) (i) of Clause
2.2.1, an Applicant may, within 10 (ten) days after the Application Due Date,
remove from its Consortium any Member who suffers from a Conflict of Interest,
and such removal shall be deemed to cure the Conflict of Interest arising in
respect thereof.
2.4 Number of Applications and costs thereof
2.4.1 No Applicant shall submit more than one Application for the Project. An
applicant applying individually or as a member of a Consortium shall not be
entitled to submit another application either individually or as a member of any
Consortium, as the case may be.
2.4.2 The Applicants shall be responsible for all of the costs associated with the
preparation of their Applications and their participation in the Bid Process. The
Authority will not be responsible or in any way liable for such costs, regardless of
the conduct or outcome of the Bidding Process.
2.5 Site visit and verification of information
Applicants are encouraged to submit their respective Applications after visiting

the Project site and ascertaining for themselves the site conditions, traffic,
location, surroundings, climate, availability of power, water and other utilities for
construction, access to site, handling and storage of materials, weather data,
applicable laws and regulations, and any other matter considered relevant by
them.
2.6 Acknowledgement by Applicant
2.6.1 It shall be deemed that by submitting the Application, the Applicant has:
(a) made a complete and careful examination of the RFQ;
(b) received all relevant information requested from the Authority;
(c) accepted the risk of inadequacy, error or mistake in the information

provided in the RFQ or furnished by or on behalf of the Authority relating
to any of the matters referred to in Clause 2.5 above; and
(d) agreed to be bound by the undertakings provided by it under and in terms

hereof.
12
2.6.2 The Authority shall not be liable for any omission, mistake or error in respect of
any of the above or on account of any matter or thing arising out of or concerning
or relating to the RFQ or the Bidding Process, including any error or mistake
therein or in any information or data given by the Authority.
2.7 Right to accept or reject any or all Applications/ Bids
2.7.1 Notwithstanding anything contained in this RFQ, the Authority reserves the right
to accept or reject any Application and to annul the Bidding Process and reject all
Applications/ Bids, at any time without any liability or any obligation for such
acceptance, rejection or annulment, and without assigning any reasons therefor. In
the event that the Authority rejects or annuls all the Bids, it may, in its discretion,
invite all eligible Bidders to submit fresh Bids hereunder.
2.7.2 The Authority reserves the right to reject any Application and/ or Bid if:
(a) at any time, a material misrepresentation is made or uncovered, or
(b) the Applicant does not provide, within the time specified by the Authority,
the supplemental information sought by the Authority for evaluation of the
Application.
If the Applicant/Bidder is a Consortium, then the entire Consortium may be

disqualified/ rejected. If such disqualification/ rejection occurs after the Bids have
been opened and the Highest Bidder gets disqualified/ rejected, then the Authority
reserves the right to:
(i) invite the remaining Bidders to match the Highest Bidder/ submit their
Bids in accordance with the RFP; or
(ii) take any such measure as may be deemed fit in the sole discretion of the
Authority, including annulment of the Bidding Process.
2.7.3 In case it is found during the evaluation or at any time before signing of the
Concession Agreement or after its execution and during the period of subsistence
thereof, including the concession thereby granted by the Authority, that one or
more of the pre-qualification conditions have not been met by the Applicant, or
the Applicant has made material misrepresentation or has given any materially
incorrect or false information, the Applicant shall be disqualified forthwith if not
yet appointed as the Concessionaire either by issue of the LOA or entering into of
the Concession Agreement, and if the Applicant/SPV has already been issued the
LOA or has entered into the Concession Agreement, as the case may be, the same
shall, notwithstanding anything to the contrary contained therein or in this RFQ,
be liable to be terminated, by a communication in writing by the Authority to the
Applicant, without the Authority being liable in any manner whatsoever to the
Applicant and without prejudice to any other right or remedy which the Authority
may have under this RFQ, the Bidding Documents, the Concession Agreement or
under applicable law.
13
2.7.4 The Authority reserves the right to verify all statements, information and
documents submitted by the Applicant in response to the RFQ. Any such
verification or lack of such verification by the Authority shall not relieve the
Applicant of its obligations or liabilities hereunder nor will it affect any rights of
the Authority thereunder.
B. DOCUMENTS
2.8 Contents of the RFQ
This RFQ comprises the disclaimer set forth hereinabove, the contents as listed
below, and will additionally include any Addenda issued in accordance with
Clause 2.10.
Invitation for Qualification
Section 1. Introduction
Section 2. Instructions to Applicants
Section 3. Criteria for Evaluation
Section 4. Fraud & Corrupt Practices
Section 5. Pre Application Conference
Section 6. Miscellaneous
Appendices
I. Letter comprising the Application

II. Power of Attorney for signing of Application
III. Power of Attorney for Lead Member of Consortium
IV. Joint Bidding Agreement for Consortium
V. Guidelines of the Department of Disinvestment
2.9 Clarifications
2.9.1 Applicants requiring any clarification on the RFQ may notify the Authority in
writing or by fax and e-mail in accordance with Clause 1.2.11. They should send
in their queries before the date specified in the schedule of Bidding Process
contained in Clause 1.3. The Authority shall endeavour to respond to the queries
within the period specified therein, but no later than 10 (ten) days prior to the
Application Due Date. The responses will be sent by fax and/or e-mail. The
Authority will forward all the queries and its responses thereto, to all purchasers
of the RFQ without identifying the source of queries.
2.9.2 The Authority shall endeavour to respond to the questions raised or clarifications
sought by the Applicants. However, the Authority reserves the right not to
respond to any question or provide any clarification, in its sole discretion, and
14
nothing in this Clause shall be taken or read as compelling or requiring the
Authority to respond to any question or to provide any clarification.
2.9.3 The Authority may also on its own motion, if deemed necessary, issue
interpretations and clarifications to all Applicants. All clarifications and
interpretations issued by the Authority shall be deemed to be part of the RFQ.
Verbal clarifications and information given by Authority or its employees or
representatives shall not in any way or manner be binding on the Authority.
2.10 Amendment of RFQ
2.10.1 At any time prior to the deadline for submission of Application, the Authority
may, for any reason, whether at its own initiative or in response to clarifications
requested by an Applicant, modify the RFQ by the issuance of Addenda.
2.10.2 Any Addendum thus issued will be sent in writing to all those who have
purchased the RFQ.
2.10.3 In order to afford the Applicants a reasonable time for taking an Addendum into
account, or for any other reason, the Authority may, in its sole discretion, extend
the Application Due Date.$
C. PREPARATION AND SUBMISSION OF APPLICATION
2.11 Language
The Application and all related correspondence and documents in relation to the
Bidding Process shall be in English language. Supporting documents and printed
literature furnished by the Applicant with the Application may be in any other
language provided that they are accompanied by translations of all the pertinent
passages in the English language, duly authenticated and certified by the
Applicant. Supporting materials, which are not translated into English, may not be
considered. For the purpose of interpretation and evaluation of the Application,
the English language translation shall prevail.
2.12 Format and signing of Application
2.12.1 The Applicant shall provide all the information sought under this RFQ. The
Authority will evaluate only those Applications that are received in the required
formats and complete in all respects. Incomplete and /or conditional Applications
shall be liable to rejection.
2.12.2 The Applicant shall prepare 1 (one) original set of the Application (together with
originals/ copies of documents required to be submitted along therewith pursuant
to this RFQ) and clearly marked “ORIGINAL”. In addition, the Applicant shall
$
While extending the Application Due Date on account of an addendum, the Authority shall have due
regard for the time required by bidders to address the amendments specified therein. In the case of
significant amendments, at least 15 (fifteen) days shall be provided between the date of amendment and the
Application Due Date, and in the case of minor amendments, at least 7 (seven) days shall be provided.
15
submit 1 (one) copy of the Application, alongwith documents required to be
submitted along therewith pursuant to this RFQ, marked “COPY”. The Applicant
shall also provide 2 (two) soft copies on Compact Disc (CD). In the event of any
discrepancy between the original and the copy, the original shall prevail.
2.12.3 The Application and its copy shall be typed or written in indelible ink and signed
by the authorised signatory of the Applicant who shall also initial each page in
blue ink. In case of printed and published documents, only the cover shall be
initialled. All the alterations, omissions, additions or any other amendments made
to the Application shall be initialled by the person(s) signing the Application. The
Application shall contain page numbers and shall be bound together in hard cover.
2.13 Sealing and Marking of Applications
2.13.1 The Applicant shall submit the Application in the format specified at Appendix-I,
together with the documents specified in Clause 2.13.2, and seal it in an envelope
and mark the envelope as “APPLICATION”. The Applicant shall seal the original
and the copy of the Application, together with their respective enclosures, in
separate envelopes duly marking the envelopes as “ORIGINAL” and “COPY”.
The envelopes shall then be sealed in an outer envelope which shall also be
marked in accordance with Clauses 2.13.2 and 2.13.3.
2.13.2 Each envelope shall contain:
(i) Application in the prescribed format (Appendix-I) along with Annexes

and supporting documents;
(ii) Power of Attorney for signing the Application as per the format at
Appendix-II;
(iii) if applicable, the Power of Attorney for Lead Member of Consortium as
per the format at Appendix-III;
(iv) copy of the Jt. Bidding Agreement, in case of a Consortium, substantially
in the format at Appendix-IV;
(v) copy of Memorandum and Articles of Association, if the Applicant is a
body corporate, and if a partnership then a copy of its partnership deed;
and
(vi) copies of Applicant’s duly audited balance sheet and profit and loss
account for the preceding five years.
Each of the envelopes shall clearly bear the following identification:
“Application for Qualification: four laning of Ludhiana to Talwandi

Section of NH-95 from km 92.000 to km 170.000 in the state of Punjab to
be executed on BOT (Toll) on DBFOT basis under NHDP Phase III
Project”
and shall clearly indicate the name and address of the Applicant. In addition, the
Application Due Date should be indicated on the right hand corner of each of the
envelopes.
16
2.13.3 Each of the envelopes shall be addressed to:
ATTN. OF: Mr. A. K. Mishra

DESIGNATION: General Manager (Tech.) – P&H
ADDRESS: National Highways Authority of India
G-5 & G-6, Sector 10. Dwarka
New Delhi 110 075
Phone: +91 11 25074100 (Extn. 1107)
FAX NO: +91 11 25074100 Extn. 2327
E-MAIL ADDRESS: [email protected]
2.13.4 If the envelopes are not sealed and marked as instructed above, the Authority
assumes no responsibility for the misplacement or premature opening of the
contents of the Application and consequent losses, if any, suffered by the
Applicant.
2.13.5 Applications submitted by fax, telex, telegram or e-mail shall not be entertained
and shall be rejected.
2.14 Application Due Date
2.14.1 Applications should be submitted before 1100 hours IST on the Application Due
Date, at the address provided in Clause 2.13.3 in the manner and form as detailed
in this RFQ. A receipt thereof should be obtained from the person specified in
Clause 2.13.3.
2.14.2 The Authority may, in its sole discretion, extend the Application Due Date by
issuing an Addendum in accordance with Clause 2.10 uniformly for all
Applicants.
2.15 Late Applications
Applications received by the Authority after the specified time on the Application
Due Date shall not be eligible for consideration and shall be summarily rejected.
2.16 Modifications/ substitution/ withdrawal of Applications
2.16.1 The Applicant may modify, substitute or withdraw its Application after
submission, provided that written notice of the modification, substitution or
withdrawal is received by the Authority prior to the Application Due Date. No
Application shall be modified, substituted or withdrawn by the Applicant on or
after the Application Due Date.
2.16.2 The modification, substitution or withdrawal notice shall be prepared, sealed,

marked, and delivered in accordance with Clause 2.13, with the envelopes being
17
additionally marked “MODIFICATION”, “SUBSTITUTION” or
“WITHDRAWAL”, as appropriate.
2.16.3 Any alteration/ modification in the Application or additional information supplied

subsequent to the Application Due Date, unless the same has been expressly
sought for by the Authority, shall be disregarded.
D. EVALUATION PROCESS
2.17 Opening and Evaluation of Applications
2.17.1 The Authority shall open the Applications at 1130 hours IST on the Application
Due Date, at the place specified in Clause 2.13.3 and in the presence of the
Applicants who choose to attend.
2.17.2 Applications for which a notice of withdrawal has been submitted in accordance
with Clause 2.16 shall not be opened.
2.17.3 The Authority will subsequently examine and evaluate Applications in

accordance with the provisions set out in Section 3.
2.17.4 Applicants are advised that pre-qualification of Applicants will be entirely at the
discretion of the Authority. Applicants will be deemed to have understood and
agreed that no explanation or justification on any aspect of the Bidding Process or
selection will be given.
2.17.5 Any information contained in the Application shall not in any way be construed
as binding on the Authority, its agents, successors or assigns, but shall be binding
against the Applicant if the Project is subsequently awarded to it on the basis of
such information.
2.17.6 The Authority reserves the right not to proceed with the Bidding Process at any
time without notice or liability and to reject any or all Application(s) without
assigning any reasons.
2.17.7 If any information furnished by the Applicant is found to be incomplete, or

contained in formats other than those specified herein, the Authority may, in its
sole discretion, exclude the relevant project from computation of the Eligible
Score of the Applicant.
2.17.8 In the event that an Applicant claims credit for an Eligible Project, and such claim
is determined by the Authority as incorrect or erroneous, the Authority shall reject
such claim and exclude the same from computation of the Eligible Score, and may
also, while computing the aggregate Experience Score of the Applicant, make a
further deduction equivalent to the claim rejected hereunder. Where any
information is found to be patently false or amounting to a material
representation, the Authority reserves the right to reject the Application and/ or
Bid in accordance with the provisions of Clauses 2.7.2 and 2.7.3.
18
2.18 Confidentiality
Information relating to the examination, clarification, evaluation, and

recommendation for the short-listed pre-qualified Applicants shall not be
disclosed to any person who is not officially concerned with the process or is not
a retained professional advisor advising the Authority in relation to, or matters
arising out of, or concerning the Bidding Process. The Authority will treat all
information, submitted as part of Application, in confidence and will require all
those who have access to such material to treat the same in confidence. The
Authority may not divulge any such information unless it is directed to do so by
any statutory entity that has the power under law to require its disclosure or is to
enforce or assert any right or privilege of the statutory entity and/ or the Authority
or as may be required by law or in connection with any legal process.
2.19 Tests of responsiveness
2.19.1 Prior to evaluation of Applications, the Authority shall determine whether each
Application is responsive to the requirements of the RFQ. An Application shall be
considered responsive only if:
(a) it is received as per format at Appendix-I.
(b) it is received by the Application Due Date including any extension thereof
pursuant to Clause 2.14.2;
(c) it is signed, sealed, bound together in hard cover, and marked as stipulated
in Clauses 2.12 and 2.13;
(d) it is accompanied by the Power of Attorney as specified in Clause 2.2.5,

and in the case of a Consortium, the Power of Attorney as specified in
Clause 2.2.6 (c);
(e) it contains all the information and documents (complete in all respects) as
requested in this RFQ;
(f) it contains information in formats same as those specified in this RFQ;
(g) it contains certificates from its statutory auditors$ in the formats specified
at Appendix-I of the RFQ for each Eligible Project;
(h) it contains an attested copy of the receipt for payment of Rs. 50,000
(Rupees fifty thousand only) to Authority towards the cost of the RFQ
document;
(i) it is accompanied by the Jt. Bidding Agreement (for Consortium), specific

to the Project, as stipulated in Clause 2.2.6(g);
$
In case duly certified audited annual financial statements containing the requisite details are provided, a
separate certification by statutory auditors would not be necessary in respect of Clause 2.19.1 (g). In
jurisdictions that do not have statutory auditors, the firm of auditors which audits the annual accounts of the
Applicant may provide the certificates required under this RFQ.
19
(j) it does not contain any condition or qualification; and
(k) it is not non-responsive in terms hereof.
2.19.2 The Authority reserves the right to reject any Application which is non-responsive
and no request for alteration, modification, substitution or withdrawal shall be
entertained by the Authority in respect of such Application.
2.20 Clarifications
2.20.1 To facilitate evaluation of Applications, the Authority may, at its sole discretion,
seek clarifications from any Applicant regarding its Application. Such
clarification(s) shall be provided within the time specified by the Authority for
this purpose. Any request for clarification(s) and all clarification(s) in response
thereto shall be in writing.
2.20.2 If an Applicant does not provide clarifications sought under Clause 2.20.1 above
within the prescribed time, its Application shall be liable to be rejected. In case
the Application is not rejected, the Authority may proceed to evaluate the
Application by construing the particulars requiring clarification to the best of its
understanding, and the Applicant shall be barred from subsequently questioning
such interpretation of the Authority.
E. QUALIFICATION AND BIDDING
2.21 Pre-qualification and notification
After the evaluation of Applications, the Authority would announce a list of pre-
qualified Applicants (Bidders) who will be eligible for participation in the Bid
Stage. At the same time, the Authority would notify the other Applicants that they
have not been pre-qualified. The Authority will not entertain any query or
clarification from Applicants who fail to qualify.
2.22 Submission of Bids
The Bidders will be requested to submit a Bid in the form and manner to be set
out in the Bidding Documents.
Only pre-qualified Applicants shall be invited by the Authority to submit their

Bids for the Project. The Authority is likely to provide a comparatively short time
span for submission of the Bids for the Project. The Applicants are therefore
advised to visit the site and familiarise themselves with the Project by the time of
submission of the Application. No extension of time is likely to be considered for
submission of Bids pursuant to invitation that may be issued by the Authority.
2.23 Proprietary data
20
All documents and other information supplied by the Authority or submitted by
an Applicant to the Authority shall remain or become the property of the
Authority. Applicants are to treat all information as strictly confidential and shall
not use it for any purpose other than for preparation and submission of their
Application. The Authority will not return any Application or any information
provided along therewith.
2.24 Correspondence with the Applicant
Save and except as provided in this RFQ, the Authority shall not entertain any
correspondence with any Applicant in relation to the acceptance or rejection of
any Application.
21
3. CRITERIA FOR EVALUATION
3.1 Evaluation parameters
3.1.1 Only those Applicants who meet the eligibility criteria specified in Clause 2.2.2
above shall qualify for evaluation under this Section 3. Applications of firms/
consortia who do not meet these criteria shall be rejected.
3.1.2 The Applicant’s competence and capability is proposed to be established by the

following parameters:
(a) Technical Capacity; and
(b) Financial Capacity
3.2 Technical Capacity for purposes of evaluation
3.2.1 Subject to the provisions of Clause 2.2, the following categories of experience
would qualify as Technical Capacity and eligible experience (the "Eligible
Experience") in relation to eligible projects as stipulated in Clauses 3.2.3 and
3.2.4 (the "Eligible Projects"):
Category 1: Project experience on Eligible Projects in highways sector that

qualify under Clause 3.2.3
Category 2: Project experience on Eligible Projects in core sector that qualify
under Clause 3.2.3
Category 3: Construction experience on Eligible Projects in highways sector
that qualify under Clause 3.2.4
Category 4: Construction experience on Eligible Projects in core sector that
qualify under Clause 3.2.4
For the purpose of this RFQ:
(i) highways sector would be deemed to include highways, expressways,

bridges, tunnels and airfields; and
(ii) core sector would be deemed to include power, telecom, ports, airports,
railways, metro rail, industrial parks/ estates, logistic parks, pipelines,
irrigation, water supply, sewerage and real estate development.$
3.2.2 Eligible Experience in respect of each category shall be measured only for
Eligible Projects.
3.2.3 For a project to qualify as an Eligible Project under Categories 1 and 2:
(a) It should have been undertaken as a PPP project on BOT, BOLT, BOO,
BOOT or other similar basis for providing its output or services to a public
sector entity or for providing non-discriminatory access to users in
$
Real estate development shall not include residential flats unless they form part of a real estate complex or
township which has been built by the Applicant.
22
pursuance of its charter, concession or contract, as the case may be. For
the avoidance of doubt, a project which constitutes a natural monopoly
such as an airport or port should normally be included in this category
even if it is not based on a long-term agreement with a public entity;
(b) the entity claiming experience should have held, in the company owing the
Eligible Project, a minimum of 26% (twenty six per cent) equity during
the entire year for which Eligible Experience is being claimed;
(c) the capital cost of the project should be more than Rs. 47.9 crore (Rs.
Forty seven crore and nine lakh); and
(d) the entity claiming experience shall, during the last 5 (five) financial years
preceding the Application Due Date, have (i) paid for development of the
project (excluding the cost of land), and/ or (ii) collected and appropriated
the revenues from users availing of non-discriminatory access to or use of
fixed project assets, such as revenues from highways, airports, ports and
railway infrastructure, but shall not include revenues from sale or
provision of goods or services such as electricity, gas, petroleum products
telecommunications or fare/freight revenues and other incomes of the
company owning the Project.
3.2.4 For a project to qualify as an Eligible Project under Categories 3 and 4, the
Applicant should have paid for execution of its construction works or received
payments from its client(s) for construction works executed, fully or partially,
during the 5 (five) financial years immediately preceding the Application Due
Date, and only the payments (gross) actually made or received, as the case may
be, during such 5 (five) financial years shall qualify for purposes of computing the
Experience Score. However, payments/receipts of less than Rs. 47.9 crore (Rs.
forty seven crore and nine lakh) shall not be reckoned as payments/receipts for
Eligible Projects. For the avoidance of doubt, construction works shall not include
supply of goods or equipment except when such goods or equipment form part of
a turn-key construction contract/ EPC contract for the project. Further, the cost of
land shall not be included hereunder.
3.2.5 The Applicant shall quote experience in respect of a particular Eligible Project
under any one category only, even though the Applicant (either individually or
along with a member of the Consortium) may have played multiple roles in the
cited project. Double counting for a particular Eligible Project shall not be
permitted in any form.
3.2.6 Applicant’s experience shall be measured and stated in terms of a score (the
"Experience Score"). The Experience Score for an Eligible Project in a given
category would be the eligible payments and/or receipts specified in Clause 2.2.2
(A), divided by one crore and then multiplied by the applicable factor in Table
3.2.6 below. In case the Applicant has experience across different categories, the
score for each category would be computed as above and then aggregated to
arrive at its Experience Score.
23
Table 3.2.6: Factors for Experience across categories
Factor
Category 1 1.45
Category 2 0.85
Category 3 0.85
Category 4 0.45
3.2.7 The Experience Score determined in accordance with Clause 3.2.6 in respect of an
Eligible Project situated in a developed country which is a member of OECD
shall be further multiplied by a factor of 0.5 (zero point five) and the product
thereof shall be the Experience Score for such Eligible Project.
3.2.8 Experience for any activity relating to an Eligible Project shall not be claimed by
two or more Members of the Consortium. In other words, no double counting by a
Consortium in respect of the same experience shall be permitted in any manner
whatsoever.
3.3 Details of Experience
3.3.1 The Applicant should furnish the details of Eligible Experience for the last 5
(five) financial years immediately preceding the Application Due Date.
3.3.2 The Applicants must provide the necessary information relating to Technical
Capacity as per format at Annex-II of Appendix-I.
3.3.3 The Applicant should furnish the required Project-specific information and
evidence in support of its claim of Technical Capacity, as per format at Annex-IV
of Appendix-I.
3.4 Financial information for purposes of evaluation
3.4.1 The Application must be accompanied by the Audited Annual Reports of the
Applicant (of each Member in case of a Consortium) for the last 5 (five) financial
years, preceding the year in which the Application is made.
3.4.2 In case the annual accounts for the latest financial year are not audited and
therefore the Applicant cannot make it available, the Applicant shall give an
undertaking to this effect and the statutory auditor shall certify the same. In such a
case, the Applicant shall provide the Audited Annual Reports for 5 (five) years
preceding the year for which the Audited Annual Report is not being provided.
3.4.3 The Applicant must establish the minimum Net Worth specified in Clause 2.2.2
(B), and provide details as per format at Annex-III of Appendix-I.
24
3.5 Pre-qualification of Applicants
The credentials of eligible Applicants shall be measured in terms of their

Experience Score. The sum total of the Experience Scores for all Eligible Projects
shall be the ‘Aggregate Experience Score’ of a particular Applicant. In case of a
Consortium, the Aggregate Experience Score of each of its Members, who have
an equity share of at least 26% in such Consortium, shall be summed up for
arriving at the combined Aggregate Experience Score of the Consortium. All
Applicants who fulfil the conditions of eligibility specified in Clause 2.2.2 and
meet the other conditions specified in this RFQ shall be pre-qualified.
25
4. FRAUD AND CORRUPT PRACTICES
4.1 The Applicants and their respective officers, employees, agents and advisers shall
observe the highest standard of ethics during the Bidding Process.
Notwithstanding anything to the contrary contained herein, the Authority may
reject an Application without being liable in any manner whatsoever to the
Applicant if it determines that the Applicant has, directly or indirectly or through
an agent, engaged in corrupt practice, fraudulent practice, coercive practice,
undesirable practice or restrictive practice in the Bidding Process.
4.2 Without prejudice to the rights of the Authority under Clause 4.1 hereinabove, if
an Applicant is found by the Authority to have directly or indirectly or through an
agent, engaged or indulged in any corrupt practice, fraudulent practice, coercive
practice, undesirable practice or restrictive practice during the Bidding Process,
such Applicant shall not be eligible to participate in any tender or RFQ issued by
the Authority during a period of 2 (two) years from the date such Applicant is
found by the Authority to have directly or indirectly or through an agent, engaged
or indulged in any corrupt practice, fraudulent practice, coercive practice,
undesirable practice or restrictive practice, as the case may be.
4.3 For the purposes of this Clause 4, the following terms shall have the meaning
hereinafter respectively assigned to them:
(a) “corrupt practice” means (i) the offering, giving, receiving, or soliciting,
directly or indirectly, of anything of value to influence the actions of any
person connected with the Bidding Process (for avoidance of doubt,
offering of employment to, or employing, or engaging in any manner
whatsoever, directly or indirectly, any official of the Authority who is or
has been associated in any manner, directly or indirectly, with the Bidding
Process or the LOA or has dealt with matters concerning the Concession
Agreement or arising therefrom, before or after the execution thereof, at
any time prior to the expiry of one year from the date such official resigns
or retires from or otherwise ceases to be in the service of the Authority,
shall be deemed to constitute influencing the actions of a person
connected with the Bidding Process); or (ii) save and except as permitted
under sub clause (d) of Clause 2.2.1, engaging in any manner whatsoever,
whether during the Bidding Process or after the issue of the LOA or after
the execution of the Concession Agreement, as the case may be, any
person in respect of any matter relating to the Project or the LOA or the
Concession Agreement, who at any time has been or is a legal, financial
or technical adviser of the Authority in relation to any matter concerning
the Project;
(b) “fraudulent practice” means a misrepresentation or omission of facts or

suppression of facts or disclosure of incomplete facts, in order to influence
the Bidding Process ;
(c) “coercive practice” means impairing or harming or threatening to impair

or harm, directly or indirectly, any person or property to influence any
person’s participation or action in the Bidding Process;
26
(d) “undesirable practice” means (i) establishing contact with any person
connected with or employed or engaged by the Authority with the
objective of canvassing, lobbying or in any manner influencing or
attempting to influence the Bidding Process; or (ii) having a Conflict of
Interest; and
(e) “restrictive practice” means forming a cartel or arriving at any

understanding or arrangement among Applicants with the objective of
restricting or manipulating a full and fair competition in the Bidding
Process.
27
5. PRE-APPLICATION CONFERENCE
5.1 A Pre-Application conference of the interested parties shall be convened at the

designated date, time and place. Only those persons who have purchased the RFQ
document shall be allowed to participate in the Pre-Application conference.
Applicants who have downloaded the RFQ document from the Authority’s
website www.nhai.org should submit a Demand Draft of Rs. 50,000/- (Rupees
Fifty thousand only) towards the cost of document, through their representative
attending the conference. A maximum of three representatives of each Applicant
shall be allowed to participate on production of authority letter from the
Applicant.
5.2 During the course of Pre-Application conference, the Applicants will be free to
seek clarifications and make suggestions for consideration of the Authority. The
Authority shall endeavour to provide clarifications and such further information
as it may, in its sole discretion, consider appropriate for facilitating a fair,
transparent and competitive Bidding Process.
28
6. MISCELLANEOUS
6.1 The Bidding Process shall be governed by, and construed in accordance with, the
laws of India and the Courts at Delhi shall have exclusive jurisdiction over all
disputes arising under, pursuant to and/ or in connection with the Bidding Process.
6.2 The Authority, in its sole discretion and without incurring any obligation or
liability, reserves the right, at any time, to;
(a) suspend and/ or cancel the Bidding Process and/ or amend and/ or
supplement the Bidding Process or modify the dates or other terms and
conditions relating thereto;
(b) consult with any Applicant in order to receive clarification or further

information;
(c) pre-qualify or not to pre-qualify any Applicant and/ or to consult with any
Applicant in order to receive clarification or further information;
(d) retain any information and/ or evidence submitted to the Authority by, on
behalf of, and/ or in relation to any Applicant; and/ or
(e) independently verify, disqualify, reject and/ or accept any and all
submissions or other information and/ or evidence submitted by or on behalf
of any Applicant.
6.3 It shall be deemed that by submitting the Application, the Applicant agrees and
releases the Authority, its employees, agents and advisers, irrevocably,
unconditionally, fully and finally from any and all liability for claims, losses,
damages, costs, expenses or liabilities in any way related to or arising from the
exercise of any rights and/ or performance of any obligations hereunder and the
Bidding Documents, pursuant hereto, and/ or in connection with the Bidding
Process, to the fullest extent permitted by applicable law, and waives any and all
rights and/ or claims it may have in this respect, whether actual or contingent,
whether present or in future.
29
APPENDIX I
Letter Comprising the Application for Pre-Qualification
(Refer Clause 2.13.2)
Dated:
To,
A. K. Mishra,
General Manager (Tech.) – P&H
New Delhi 110 075
Sub: Application for pre-qualification for Four Laning of Ludhiana to Talwandi

Section of NH-95 from km 92.000 to km 170.000 in the state of Punjab to be
executed on BOT (Toll) on DBFOT basis under NHDP Phase III Project.
Dear Sir,
With reference to your RFQ document dated ………..$, I/we, having examined the RFQ
document and understood its contents, hereby submit my/our Application for
Qualification for the aforesaid project. The Application is unconditional and unqualified.
2. I/ We acknowledge that the Authority will be relying on the information provided

in the Application and the documents accompanying such Application for pre-
qualification of the Applicants for the aforesaid project, and we certify that all
information provided in the Application and in Annexes I to IV is true and correct;
nothing has been omitted which renders such information misleading; and all documents
accompanying such Application are true copies of their respective originals.
3. This statement is made for the express purpose of qualifying as a Bidder for the
development, construction, operation and maintenance of the aforesaid Project.
4. I/ We shall make available to the Authority any additional information it may find
necessary or require to supplement or authenticate the Qualification statement.
5. I/ We acknowledge the right of the Authority to reject our Application without

assigning any reason or otherwise and hereby waive, to the fullest extent permitted by
applicable law, our right to challenge the same on any account whatsoever.
6. I/ We certify that in the last three years, we/ any of the Consortium Members or
our/ their Associates have neither failed to perform on any contract, as evidenced by
imposition of a penalty by an arbitral or judicial authority or a judicial pronouncement or
arbitration award, nor been expelled from any project or contract by any public authority
nor have had any contract terminated by any public authority for breach on our part.
7. I/ We declare that:
(a) I/ We have examined and have no reservations to the RFQ document,

including any Addendum issued by the Authority.
$
All blank spaces shall be suitably filled up by the Applicant to reflect the particulars relating to such
Applicant.
30
(b) I/ We do not have any conflict of interest in accordance with Clauses
2.2.1(c) and 2.2.1(d) of the RFQ document; and
(c) I/We have not directly or indirectly or through an agent engaged or

indulged in any corrupt practice, fraudulent practice, coercive practice,
undesirable practice or restrictive practice, as defined in Clause 4.3 of the
RFQ document, in respect of any tender or request for proposal issued by
or any agreement entered into with the Authority or any other public
sector enterprise or any government, Central or State; and
(d) I/ We hereby certify that we have taken steps to ensure that in conformity
with the provisions of Section 4 of the RFQ document, no person acting
for us or on our behalf has engaged or will engage in any corrupt practice,
fraudulent practice, coercive practice, undesirable practice or restrictive
practice.
8. I/ We understand that you may cancel the Bidding Process at any time and that
you are neither bound to accept any Application that you may receive nor to invite the
Applicants to Bid for the Project, without incurring any liability to the Applicants, in
accordance with Clause 2.17.6 of the RFQ document.
9. I/ We believe that we/ our Consortium/ proposed Consortium satisfy(ies) the Net
Worth criteria and meet(s) all the requirements as specified in the RFQ document and
are/ is qualified to submit a Bid.
10. I/ We declare that we/ any Member of the Consortium, or our/ its Associates are
not a Member of a/ any other Consortium applying for pre-qualification.
11. I/ We certify that in regard to matters other than security and integrity of the
country, we/ any Member of the Consortium or any of our/ their Associates have not been
convicted by a Court of Law or indicted or adverse orders passed by a regulatory
authority which could cast a doubt on our ability to undertake the Project or which relates
to a grave offence that outrages the moral sense of the community.
12. I/ We further certify that in regard to matters relating to security and integrity of
the country, we/ any Member of the Consortium or any of our/ their Associates have not
been charge-sheeted by any agency of the Government or convicted by a Court of Law.
13. I/ We further certify that no investigation by a regulatory authority is pending

either against us/ any Member of the Consortium or against our/ their Associates or
against our CEO or any of our directors/ managers/ employees.
14. I/ We further certify that we are qualified to submit a Bid in accordance with the
guidelines for qualification of bidders seeking to acquire stakes in Public Sector
Enterprises through the process of disinvestment issued by the GOI vide Department of
Disinvestment OM No. 6/4/2001-DD-II dated 13th July, 2001 which guidelines apply
mutatis mutandis to the Bidding Process. A copy of the aforesaid guidelines form part of
the RFQ at Appendix-V thereof.
31
15. I/ We undertake that in case due to any change in facts or circumstances during
the Bidding Process, we are attracted by the provisions of disqualification in terms of the
provisions of this RFQ, we shall intimate the Authority of the same immediately.
16. The Statement of Legal Capacity as per format provided at Annex-V in

Appendix-I of the RFQ document, and duly signed, is enclosed. The power of attorney
for signing of application and the power of attorney for Lead Member of consortium, as
per format provided at Appendix II and III respectively of the RFQ, are also enclosed.
17. I/ We understand that the selected Bidder shall either be an existing Company
incorporated under the Indian Companies Act, 1956, or shall incorporate as such prior to
execution of the Concession Agreement.
18. I/ We herby confirm that we are in compliance of/ shall comply with the O&M
requirements specified in Clause 2.2.3.
19. I/ We hereby irrevocably waive any right or remedy which we may have at any
stage at law or howsoever otherwise arising to challenge or question any decision taken
by the Authority in connection with the selection of Applicants, selection of the Bidder,
or in connection with the selection/ Bidding Process itself, in respect of the above
mentioned Project and the terms and implementation thereof.
20. I/ We agree and undertake to abide by all the terms and conditions of the RFQ
document.
21. I/ We certify that in terms of the RFQ, my/our Networth is Rs. ………………..
(Rs. in words) and Experience Score is …………………….. (number in words).
{22. We agree and undertake to be jointly and severally liable for all the obligations of
the Concessionaire under the Concession Agreement till occurrence of Financial Close in
accordance with the Concession Agreement.}$
In witness thereof, I/ we submit this application under and in accordance with the terms
of the RFQ document.
Yours faithfully,
Date: (Signature, name and designation of the Authorised Signatory)
Place: Name and seal of the Applicant/ Lead Member
Note: Paragraphs in square parenthesis may be omitted, if not applicable, or modified as

necessary.
$
Omit if the Applicant is not a Consortium.
32
Appendix I
Annex-I
ANNEX-I
Details of Applicant
1. (a) Name:
(b) Country of incorporation:
(c) Address of the corporate headquarters and its branch office(s), if any, in
India:
(d) Date of incorporation and/ or commencement of business:
2. Brief description of the Company including details of its main lines of business and
proposed role and responsibilities in this Project:
3. Details of individual(s) who will serve as the point of contact/ communication for
the Authority:
(a) Name:
(b) Designation:
(c) Company:
(d) Address:
(e) Telephone Number:
(f) E-Mail Address:
(g) Fax Number:
4. Particulars of the Authorised Signatory of the Applicant:

(a) Name:
(b) Designation:
(c) Address:
(d) Phone Number:
(e) Fax Number:
5. In case of a Consortium:
(a) The information above (1-4) should be provided for all the Members of the
Consortium.
(b) A copy of the Jt. Bidding Agreement, as envisaged in Clause 2.2.6(g) should
be attached to the Application.
(c) Information regarding the role of each Member should be provided as per
table below:
Four Laning of Ludhiana to Talwandi Section of NH-95 from km 92.000 to km 170.000 in the state of Punjab
to be executed on BOT (Toll) on DBFOT basis under NHDP Phase III Project.
33
Appendix I
Annex-I
Sl. Name of Member Role* Percentage of equity in the

No. {Refer Clause Consortium{Refer Clauses
2.2.6(d)}$ 2.2.6(a), (c) & (g)}
1.
2.
3.
4.
* The role of each Member, as may be determined by the Applicant, should be
indicated in accordance with instruction 4 at Annex-IV.
(d) The following information shall also be provided for each Member of the
Consortium:
Name of Applicant/ member of Consortium:
No. Criteria Yes No
1. Has the Applicant/ constituent of the Consortium
been barred by the Central/ State Government, or any
entity controlled by it, from participating in any
project (BOT or otherwise).
2. If the answer to 1 is yes, does the bar subsist as on
the date of Application.
3. Has the Applicant/ constituent of the Consortium
paid liquidated damages of more than 5% of the
contract value in a contract due to delay or has been
penalised due to any other reason in relation to
execution of a contract, in the last three years?
6. A statement by the Applicant and each of the Members of its Consortium (where
applicable) or any of their Associates disclosing material non-performance or
contractual non-compliance in past projects, contractual disputes and litigation/
arbitration in the recent past is given below (Attach extra sheets, if necessary):
$
All provisions contained in curly parenthesis shall be suitably modified by the Applicant to reflect the
particulars relating to such Applicant.
34
Appendix I
Annex-II
ANNEX-II
Technical Capacity of the Applicant @

(Refer to Clauses 2.2.2(A), 3.2 and 3.3 of the RFQ)
Applicant Member Project Cate- Experience¥ Experience

type # Code* Code** gory$ (Equivalent Rs. crore)$$ Score£
Payments Payments Revenues
made/ received made for appropriated
for construction development from Eligible
of Eligible of Eligible Projects in
Projects in Projects in Categories 1
Categories 3 Categories 1 and 2
and 4 and 2
(1) (2) (3) (4) (5) (6) (7) (8)
Single a
entity b
Applicant c
d
Consortium 1a
Member 1 1b
1c
1d
Consortium 2a
Member 2 2b
2c
2d
Consortium 3a
Member 3 3b
3c
3d
Consortium 4a
Member 4 4b
4c
4d
Aggregate Experience Score =
35
Appendix I
Annex-II
@
Provide details of only those projects that have been undertaken by the Applicant under
its own name and/ or by an Associate specified in Clause 2.2.9 and/ or by a project
company eligible under Clause 3.2.3(b). In case of Categories 1 and 2, include only those
projects which have an estimated capital cost exceeding the amount specified in Clause
3.2.3(c) and for Categories 3 and 4, include only those projects where the payments
made/received exceed the amount specified in Clause 3.2.4. In case the Application Due
Date falls within 3 (three) months of the close of the latest financial year, refer to Clause
2.2.12.
#
An Applicant consisting of a single entity should fill in details as per the row titled Single
entity Applicant and ignore the rows titled Consortium Member. In case of a Consortium,
the row titled Single entity Applicant may be ignored. In case credit is claimed for an
Associate, necessary evidence to establish the relationship of the Applicant with such
Associate, in terms of Clause 2.2.9, shall be provided.
* Member Code shall indicate NA for Not Applicable in case of a single entity Applicant.
For other Members, the following abbreviations are suggested viz. LM means Lead
Member, TM means Technical Member, FM means Financial Member, OMM means
Operation & Maintenance Member, OM means Other Member.
**Refer Annex-IV of this Appendix-I. Add more rows if necessary.

$
Refer Clause 3.2.1.
¥ In the case of Eligible Projects in Categories 1 and 2, the figures in columns 6 and 7 may
be added for computing the Experience Score of the respective projects. In the case of
Categories 3 and 4, construction shall not include supply of goods or equipment except
when such goods or equipment form part of a turn-key construction contract/ EPC contract
for the project. In no case shall the cost of land be included while computing the
Experience Score of an Eligible Project.
$$
For conversion of US Dollars to Rupees, the rate of conversion shall be Rupees 50 (fifty)
to a US Dollar. In case of any other currency, the same shall first be converted to US
Dollars as on the date 60 (sixty) days prior to the Application Due Date, and the amount so
derived in US Dollars shall be converted into Rupees at the aforesaid rate. The conversion
rate of such currencies shall be the daily representative exchange rates published by the
International Monetary Fund for the relevant date.
£
Divide the amount in the Experience column by one crore and then multiply the result
thereof by the applicable factor set out in Table 3.2.6 to arrive at the Experience Score for
each Eligible Project. In the case of an Eligible Project situated in an OECD country, the
Experience Score so arrived at shall be further multiplied by 0.5, in accordance with the
provisions of Clause 3.2.7, and the product thereof shall be the Experience Score for such
Eligible Projects. Above all, the sum total of columns 5, 6 and 7, as the case may be, in
respect of each Eligible Project shall be restricted to a ceiling equivalent to twice the
Estimated Project Cost, as specified in Clause 3.2.8.
36
Appendix I
Annex-III
ANNEX-III
Financial Capacity of the Applicant

(Refer to Clauses 2.2.2(B), 2.2.4 (ii) and 3.4 of the RFQ)
(In Rs. crore$$)

Applicant Member Net Cash Accruals Net
type $ Code£ Worth€
Year Year Year Year Year Year
1 2 3 4 5 1
(1) (2) (3) (4) (5) (6) (7) (8)
Single entity
Applicant
Consortium
Member 1
Consortium
Member 2
Consortium
Member 3
Consortium
Member 4
TOTAL
Name & address of Applicant’s Bankers:
$
An Applicant consisting of a single entity should fill in details as per the row titled Single
entity Applicant and ignore the rows titled Consortium Members. In case of a Consortium,
row titled Single entity Applicant may be ignored.
£
For Member Code, see instruction 4 at Annex-IV of this Appendix-I.
€
The Applicant should provide details of its own Financial Capability or of an Associate
specified in Clause 2.2.9.
$$
For conversion of other currencies into rupees, see note below Annex-II of Appendix-I.
37
Appendix I
Annex-III
Instructions:
1. The Applicant/ its constituent Consortium Members shall attach copies of the
balance sheets, financial statements and Annual Reports for 5 (five) years preceding
the Application Due Date. The financial statements shall:
(a) reflect the financial situation of the Applicant or Consortium Members and
its/ their Associates where the Applicant is relying on its Associate’s
financials;
(b) be audited by a statutory auditor;
(c) be complete, including all notes to the financial statements; and
(d) correspond to accounting periods already completed and audited (no

statements for partial periods shall be requested or accepted).
2. Net Cash Accruals shall mean Profit After Tax + Depreciation.
3. Net Worth shall mean (Subscribed and Paid-up Equity + Reserves) less
(Revaluation reserves + miscellaneous expenditure not written off + reserves not
available for distribution to equity shareholders).
4. Year 1 will be the latest completed financial year, preceding the bidding. Year 2
shall be the year immediately preceding Year 1 and so on. In case the Application
Due Date falls within 3 (three) months of the close of the latest financial year, refer
to Clause 2.2.12.
5. In the case of a Consortium, a copy of the Jt. Bidding Agreement shall be submitted
in accordance with Clause 2.2.6 (g) of the RFQ document.
6. The applicant shall also provide the name and address of the Bankers to the
Applicant.
7. The Applicant shall provide an Auditor’s Certificate specifying the net worth of the
Applicant and also specifying the methodology adopted for calculating such net
worth in accordance with Clause 2.2.4 (ii) of the RFQ document.
38
Appendix I
Annex-IV
ANNEX-IV
Details of Eligible Projects

(Refer to Clauses 2.2.2(A), 3.2 and 3.3 of the RFQ)
Project Code: Member Code:

Item Refer Particulars of the Project
Instruction
(1) (2) (3)
Title & nature of the project
Category 5
Year-wise (a) payments 6
received/ made for
construction, (b) payments
made for development of PPP
projects and/ or (c) revenues
appropriated
Entity for which the project 7
was constructed/ developed
Location
Project cost 8
Date of commencement of
project/ contract
Date of completion/ 9
commissioning
Equity shareholding 10
(with period during which
equity was held)
Whether credit is being taken 16
for the Eligible Experience of
an Associate (Yes/ No)
Instructions:
1. Applicants are expected to provide information in respect of each Eligible Projects
in this Annex. The projects cited must comply with the eligibility criteria specified
in Clause 3.2.3 and 3.2.4 of the RFQ, as the case may be. Information provided in
this section is intended to serve as a back up for information provided in the
Application. Applicants should also refer to the Instructions below.
39
Appendix I
Annex-IV
2. For a single entity Applicant, the Project Codes would be a, b, c, d etc. In case the
Applicant is a Consortium then for Member 1, the Project Codes would be 1a, 1b,
1c, 1d etc., for Member 2 the Project Codes shall be 2a, 2b, 2c, 2d etc., and so on.
3. A separate sheet should be filled for each Eligible Project.
4. Member Code shall indicate NA for Not Applicable in case of a single entity
Applicant. For other Members, the following abbreviations are suggested viz. LM
means Lead Member, TM means Technical Member, FM means Financial Member,
OMM means Operation & Maintenance Member; and OM means Other Member.
In case the Eligible Project relates to an Associate of the Applicant or its Member,
write “Associate” along with Member Code.
5. Refer to Clause 3.2.1 of the RFQ for category number.
6. The total payments received/ made and/or revenues appropriated for each Eligible
Project are to be stated in Annex-II of this Appendix-I. The figures to be provided
here should indicate the break-up for the past 5 (five) financial years. Year 1 refers
to the financial year immediately preceding the Application Due Date; Year 2 refers
to the year before Year 1, Year 3 refers to the year before Year 2, and so on (Refer
Clause 2.2.12). For Categories 1 and 2, expenditure on development of the project
and/or revenues appropriated, as the case may be, should be provided, but only in
respect of projects having an estimated capital cost exceeding the amount specified
in Clause 3.2.3(c). In case of Categories 3 and 4, payments made/ received only in
respect of construction should be provided, but only if the amount paid/received
exceeds the minimum specified in Clause 3.2.4. Payment for construction works
should only include capital expenditure, and should not include expenditure on
repairs and maintenance.
7. In case of projects in Categories 1and 2, particulars such as name, address and
contact details of owner/ Authority/ Agency (i.e. concession grantor, counter party
to PPA, etc.) may be provided. In case of projects in Categories 3 and 4, similar
particulars of the client need to be provided.
8. Provide the estimated capital cost of Eligible Project. Refer to Clauses 3.2.3 and
3.2.4
9. For Categories 1 and 2, the date of commissioning of the project, upon completion,
should be indicated. In case of Categories 3 and 4, date of completion of
construction should be indicated. In the case of projects under construction, the
likely date of completion or commissioning, as the case may be, shall be indicated.
10. For Categories 1 and 2, the equity shareholding of the Applicant, in the company
owning the Eligible Project, held continuously during the period for which Eligible
Experience is claimed, needs to be given (Refer Clause 3.2.3).
11. Experience for any activity relating to an Eligible Project shall not be claimed by
two or more Members of the Consortium. In other words, no double
40
Appendix I
Annex-IV
counting by a consortium in respect of the same experience shall be permitted in
any manner whatsoever.
12. Certificate from the Applicant’s statutory auditor$ or its respective clients must be
furnished as per formats below for each Eligible Project. In jurisdictions that do not
have statutory auditors, the auditors who audit the annual accounts of the Applicant/
Member/Associate may provide the requisite certification.
13. If the Applicant is claiming experience under Categories 1 & 2£, it should provide a
certificate from its statutory auditor in the format below:
Certificate from the Statutory Auditor regarding PPP projectsΦ
Based on its books of accounts and other published information authenticated by it, this is
to certify that …………………….. (name of the Applicant/Member/Associate) is/ was an
equity shareholder in ……………….. (title of the project company) and holds/ held Rs.
……… cr. (Rupees ………………………….. crore) of equity (which constitutes ……..%€
of the total paid up and subscribed equity capital) of the project company from …………...
(date) to …………….. (date)¥. The project was/is likely to be commissioned on
……………. (date of commissioning of the project).
We further certify that the total estimated capital cost of the project is Rs. ……… cr.
(Rupees …………………crore), of which Rs. ……… cr. (Rupees …………… crore) of
capital expenditure was incurred during the past five financial years as per year-wise details
noted below:
………………………
………………………
We also certify that the eligible annual revenues collected and appropriated by the
aforesaid project company in terms of Clauses 3.2.1 and 3.2.3 (d) of the RFQ during the
past five financial years were Rs. ……… cr. as per year-wise details noted below:
………………………
………………………
Name of the audit firm:

Seal of the audit firm: (Signature, name and designation
Date: of the authorised signatory)
$
In case duly certified audited annual financial statements containing the requisite details are provided, a
separate certification by statutory auditors would not be necessary.
£
Refer Clause 3.2.1 of the RFQ.
Φ Provide Certificate as per this format only. Attach Explanatory Notes to the Certificate, if necessary.
Statutory auditor means the entity that audits and certifies the annual accounts of the company.
€
Refer instruction no. 10 in this Annex-IV.
¥
In case the project is owned by the Applicant company, this language may be suitably modified to read: “It
is certified that …………….. (name of Applicant) constructed and/ or owned the ………….. (name of
project) from ……………….. (date) to ………………… (date).”
41
Appendix I
Annex-IV
14. If the Applicant is claiming experience under Category 3 & 4♣, it should provide a
certificate from its statutory auditors or the client in the format below:
Certificate from the Statutory Auditor/ Client regarding construction worksΦ
Based on its books of accounts and other published information authenticated by it, {this is
to certify that …………………….. (name of the Applicant/Member/Associate) was
engaged by ……………….. (title of the project company) to execute ……………… (name
of project) for …………………. (nature of project)}ψ. The construction of the project
commenced on ………….. (date) and the project was/ is likely to be commissioned on
…………… (date, if any). It is certified that ……………. (name of the Applicant/
Member/ Associate) received/paid Rs. ……….. cr. (Rupees ……………………………
crore) by way of payment for the aforesaid construction works.
We further certify that the total estimated capital cost of the project is Rs. …… cr. (Rupees
…………………crore), of which the Applicant/Member/Associate received/paid Rs.
……… cr. (Rupees ……………………… crore), in terms of Clauses 3.2.1 and 3.2.4 of the
RFQ, during the past five financial years as per year-wise details noted below:
………………………
………………………
{It is further certified that the payments/ receipts indicated above are restricted to the
share of the Applicant who undertook these works as a partner or a member of joint
venture/ consortium.}♠

Seal of the audit firm: (Signature, name and designation of the
Date: authorised signatory).
♣
Refer Clauses 3.2.1 and 3.2.4 of the RFQ.
Φ Provide Certificate as per this format only. Attach Explanatory Notes to the Certificate, if necessary.
Statutory auditor means the entity that audits and certifies the annual accounts of the company.
ψ
In case the Applicant owned the Eligible Project and engaged a contractor for undertaking the construction
works, this language may be modified to read: “ this is to certify that …………… (name of Applicant/
Member/ Associate) held 26% or more of the paid up and subscribed share capital in the……………. (name
of Project company) when it undertook construction of the ………………. (name of Project) through
………………… (name of the contractor).
♠
This certification should only be provided in case of jobs/ contracts, which are executed as part of a
partnership/ joint venture/ consortium. The payments indicated in the certificate should be restricted to the
share of Applicant in such partnership/ joint venture/ consortium. This portion may be omitted if the contract
did not involve a partnership/ joint venture/ consortium. In case where work is not executed by partnership/
joint venture/ consortium, this paragraph may be deleted.
42
Appendix I
Annex-IV
15. In the event that credit is being taken for the Eligible Experience of an Associate, as
defined in Clause 2.2.9, the Applicant should also provide a certificate in the format
below:
Certificate from Statutory Auditor/ Company Secretary regarding Associate$
Based on the authenticated record of the Company, this is to certify that more than
50% (fifty per cent) of the subscribed and paid up voting equity of ………………
(name of the Associate) is held, directly or indirectly£, by ……………….. (name
of Applicant/ Consortium Member). By virtue of the aforesaid share-holding, the
latter exercises control over the former, who is an Associate in terms of Clause
2.2.9 of the RFQ.
A brief description of the said equity held, directly or indirectly, is given below:
{Describe the share-holding of the Applicant/ Consortium Member in the

Associate}

Seal of the audit firm: (Signature, name and designation of Date: the authorised
signatory).
$
In the event that the Applicant/ Consortium Member exercises control oven an Associate by operation of
law, this certificate may be suitably modified and copies of the relevant law may be enclosed and referred to.
£
In the case of indirect share-holding, the intervening companies in the chain of ownership should also be
Associates i.e., the share-holding in each such company should be more than 50% in order to establish that
the chain of “control” is not broken.
16. It may be noted that in the absence of any detail in the above certificates, the
information would be considered inadequate and could lead to exclusion of the
relevant project in computation of Experience ScoreΘ.
Θ
Refer Clause 3.2.6 of the RFQ.
43
ANNEX-V
Statement of Legal Capacity
(To be forwarded on the letterhead of the Applicant/ Lead Member of Consortium)
Ref. Date:
To,
A. K. Mishra,
General Manager (Tech.) – P&H
New Delhi 110 075
Dear Sir,
We hereby confirm that we/ our members in the Consortium (constitution of which has
been described in the application) satisfy the terms and conditions laid out in the RFQ
document.
We have agreed that …………………… (insert member’s name) will act as the Lead
Member of our consortium.*
We have agreed that ………………….. (insert individual’s name) will act as our
representative/ will act as the representative of the consortium on its behalf* and has been
duly authorized to submit the RFQ. Further, the authorised signatory is vested with
requisite powers to furnish such letter and authenticate the same.
Thanking you,
Yours faithfully,
(Signature, name and designation of the authorised signatory)
For and on behalf of……………………………..
*Please strike out whichever is not applicable.
44
APPENDIX II
Power of Attorney for signing of Application

Know all men by these presents, We…………………………………………….. (name of

the firm and address of the registered office) do hereby irrevocably constitute, nominate,
appoint and authorise Mr/ Ms (name), …………………… son/daughter/wife of
……………………………… and presently residing at …………………., who is presently
employed with us/ the Lead Member of our Consortium and holding the position of
……………………………. , as our true and lawful attorney (hereinafter referred to as the
“Attorney”) to do in our name and on our behalf, all such acts, deeds and things as are
necessary or required in connection with or incidental to submission of our application for
pre-qualification and submission of our bid for the Four Laning of Ludhiana to Talwandi
Section of NH-95 from km 92.000 to km 170.000 in the state of Punjab to be executed on
BOT (Toll) on DBFOT basis under NHDP Phase III Project proposed or being developed
by the National Highways Authority of India (the “Authority”) including but not limited to
signing and submission of all applications, bids and other documents and writings,
participate in Pre-Applications and other conferences and providing information/ responses
to the Authority, representing us in all matters before the Authority, signing and execution
of all contracts including the Concession Agreement and undertakings consequent to
acceptance of our bid, and generally dealing with the Authority in all matters in connection
with or relating to or arising out of our bid for the said Project and/ or upon award thereof
to us and/or till the entering into of the Concession Agreement with the Authority.
AND we hereby agree to ratify and confirm and do hereby ratify and confirm all acts,
deeds and things done or caused to be done by our said Attorney pursuant to and in
exercise of the powers conferred by this Power of Attorney and that all acts, deeds and
things done by our said Attorney in exercise of the powers hereby conferred shall and shall
always be deemed to have been done by us.
IN WITNESS WHEREOF WE, …………………………., THE ABOVE NAMED

PRINCIPAL HAVE EXECUTED THIS POWER OF ATTORNEY ON THIS ………
DAY OF …………. 2…..
For …………………………..
(Signature, name, designation and address)
Witnesses:
1.
(Notarised)
2.
45
Appendix II
Page 2
Accepted
……………………………
(Signature)
(Name, Title and Address of the Attorney)
Notes:
The mode of execution of the Power of Attorney should be in accordance with the
procedure, if any, laid down by the applicable law and the charter documents of the
executant(s) and when it is so required, the same should be under common seal affixed
in accordance with the required procedure.
Wherever required, the Applicant should submit for verification the extract of the
charter documents and documents such as a board or shareholders’ resolution/ power
of attorney in favour of the person executing this Power of Attorney for the delegation
of power hereunder on behalf of the Applicant.
For a Power of Attorney executed and issued overseas, the document will also have to
be legalised by the Indian Embassy and notarised in the jurisdiction where the Power
of Attorney is being issued. However, the Power of Attorney provided by Applicants
from countries that have signed the Hague Legislation Convention 1961 are not
required to be legalised by the Indian Embassy if it carries a conforming Appostille
certificate.
46
APPENDIX III
Power of Attorney for Lead Member of Consortium

Whereas the National Highways Authority of India (“the Authority”) has invited
applications from interested parties for the Four Laning of Ludhiana to Talwandi Section of
NH-95 from km 92.000 to km 170.000 in the state of Punjab to be executed on BOT (Toll)
on DBFOT basis under NHDP Phase III Project (the “Project”).
Whereas, …………………….., …………………….., …………………….. and

…………………….. (collectively the “Consortium”) being Members of the Consortium
are interested in bidding for the Project in accordance with the terms and conditions of the
Request for Qualification document (RFQ), Request for Proposal (RFP) and other
connected documents in respect of the Project, and
Whereas, it is necessary for the Members of the Consortium to designate one of them as
the Lead Member with all necessary power and authority to do for and on behalf of the
Consortium, all acts, deeds and things as may be necessary in connection with the
Consortium’s bid for the Project and its execution.
NOW THEREFORE KNOW ALL MEN BY THESE PRESENTS
We, …………………….. having our registered office at …………………….., M/s.

…………………….. having our registered office at …………………….., M/s.
…………………….. having our registered office at …………………….., and
…………………….. having our registered office at …………………….., (hereinafter
collectively referred to as the “Principals”) do hereby irrevocably designate, nominate,
constitute, appoint and authorise M/S …………………….. having its registered office at
…………………….., being one of the Members of the Consortium, as the Lead Member
and true and lawful attorney of the Consortium (hereinafter referred to as the “Attorney”).
We hereby irrevocably authorise the Attorney (with power to sub-delegate) to conduct all
business for and on behalf of the Consortium and any one of us during the bidding process
and, in the event the Consortium is awarded the concession/contract, during the execution
of the Project and in this regard, to do on our behalf and on behalf of the Consortium, all or
any of such acts, deeds or things as are necessary or required or incidental to the pre-
qualification of the Consortium and submission of its bid for the Project, including but not
limited to signing and submission of all applications, bids and other documents and
writings, participate in bidders and other conferences, respond to queries, submit
information/ documents, sign and execute contracts and undertakings consequent to
acceptance of the bid of the Consortium and generally to represent the Consortium in all its
dealings with the Authority, and/ or any other Government Agency or any person, in all
matters in connection with or relating to or arising out of the Consortium’s bid for the
Project and/ or upon award thereof till the Concession Agreement is entered into with the
Authority.
AND hereby agree to ratify and confirm and do hereby ratify and confirm all acts, deeds
and things done or caused to be done by our said Attorney pursuant to and in exercise of
the powers conferred by this Power of Attorney and that all acts,
47
Appendix III
Page 2
deeds and things done by our said Attorney in exercise of the powers hereby conferred
shall and shall always be deemed to have been done by us/ Consortium.
IN WITNESS WHEREOF WE THE PRINCIPALS ABOVE NAMED HAVE

EXECUTED THIS POWER OF ATTORNEY ON THIS …………………. DAY OF
………. 2..…
For ……………………..
(Signature)
……………………..
(Name & Title)
For ……………………..
(Signature)
……………………..
(Name & Title)
For ……………………..
(Signature)
……………………..
(Name & Title)
48
Appendix III
Page 3
Witnesses:
1.
2.
………………………………………
(Executants)
(To be executed by all the Members of the Consortium)
Notes:
The mode of execution of the Power of Attorney should be in accordance with the
procedure, if any, laid down by the applicable law and the charter documents of the
executant(s) and when it is so required, the same should be under common seal affixed
in accordance with the required procedure.
Also, wherever required, the Applicant should submit for verification the extract of the
charter documents and documents such as a board or shareholders’ resolution/ power
of attorney in favour of the person executing this Power of Attorney for the delegation
of power hereunder on behalf of the Applicant.
For a Power of Attorney executed and issued overseas, the document will also have to
be legalised by the Indian Embassy and notarised in the jurisdiction where the Power
of Attorney is being issued. However, the Power of Attorney provided by Applicants
from countries that have signed the Hague Legislation Convention 1961 are not
required to be legalised by the Indian Embassy if it carries a conforming Appostille
certificate.
49
APPENDIX IV
Joint Bidding Agreement

(To be executed o n Stamp paper of appropriate value)
THIS JOINT BIDDING AGREEMENT is entered into on this the ………… day of
………… 20…
AMONGST
1. {………… Limited, a company incorporated under the Companies Act, 1956} and
having its registered office at ………… (hereinafter referred to as the “First Part”
which expression shall, unless repugnant to the context include its successors and
permitted assigns)
AND
2. {………… Limited, a company incorporated under the Companies Act, 1956} and
having its registered office at ………… (hereinafter referred to as the “Second
Part” which expression shall, unless repugnant to the context include its successors
and permitted assigns)
AND
3. {………… Limited, a company incorporated under the Companies Act, 1956 and
having its registered office at ………… (hereinafter referred to as the “Third Part”
which expression shall, unless repugnant to the context include its successors and
permitted assigns)}
AND
4. {………… Limited, a company incorporated under the Companies Act, 1956 and
having its registered office at ………… (hereinafter referred to as the “Fourth
Part” which expression shall, unless repugnant to the context include its successors
and permitted assigns)}$
The above mentioned parties of the FIRST, SECOND, {THIRD and FOURTH}
PART are collectively referred to as the “Parties” and each is individually referred
to as a “Party”
WHEREAS,
(A) THE NATIONAL HIGHWAYS AUTHORITY OF INDIA, established under the

National Highways Authority of India Act 1988, represented by its Chairman and
having its principal offices at G-5 & 6, Sector 10, Dwarka, New Delhi-110075
(hereinafter referred to as the “Authority” which expression
$
The number of Parties will be shown here, as applicable, subject however to a maximum of 6 (six).
50
Appendix IV
Page 2
shall, unless repugnant to the context or meaning thereof, include its administrators,
successors and assigns) has invited applications (the Applications”) by its Request
for Qualification No. ………… dated …………(the “RFQ”) for pre-qualification
and short-listing of bidders for development and operation/ maintenance of Four
Laning of Ludhiana to Talwandi Section of NH-95 from km 92.000 to km 170.000
in the state of Punjab to be executed on BOT (Toll) on DBFOT basis under NHDP
Phase III Project (the “Project”) through public private partnership.
(B) The Parties are interested in jointly bidding for the Project as members of a
Consortium and in accordance with the terms and conditions of the RFQ document
and other bid documents in respect of the Project, and
(C) It is a necessary condition under the RFQ document that the members of the
Consortium shall enter into a Joint Bidding Agreement and furnish a copy thereof
with the Application.
NOW IT IS HEREBY AGREED as follows:
1. Definitions and Interpretations
In this Agreement, the capitalised terms shall, unless the context otherwise requires,
have the meaning ascribed thereto under the RFQ.
2. Consortium
2.1 The Parties do hereby irrevocably constitute a consortium (the “Consortium”) for
the purposes of jointly participating in the Bidding Process for the Project.
2.2 The Parties hereby undertake to participate in the Bidding Process only through this
Consortium and not individually and/ or through any other consortium constituted
for this Project, either directly or indirectly or through any of their Associates.
3. Covenants
The Parties hereby undertake that in the event the Consortium is declared the
selected Bidder and awarded the Project, it shall incorporate a special purpose
vehicle (the “SPV”) under the Indian Companies Act 1956 for entering into a
Concession Agreement with the Authority and for performing all its obligations as
the Concessionaire in terms of the Concession Agreement for the Project.
4. Role of the Parties
The Parties hereby undertake to perform the roles and responsibilities as described
below:
(a) Party of the First Part shall be the Lead member of the Consortium and shall
have the power of attorney from all Parties for conducting all business for
and on behalf of the Consortium during the Bidding
51
Appendix IV
Page 3
Process and until the Appointed Date under the Concession Agreement
when all the obligations of the SPV shall become effective;
(b) Party of the Second Part shall be {the Technical Member of the
Consortium;}
{(c) Party of the Third Part shall be the Financial Member of the Consortium;
and}
{(d) Party of the Fourth Part shall be the Operation and Maintenance Member/
Other Member of the Consortium.}
5. Joint and Several Liability
The Parties do hereby undertake to be jointly and severally responsible for all
obligations and liabilities relating to the Project and in accordance with the terms of
the RFQ, RFP and the Concession Agreement, till such time as the Financial Close
for the Project is achieved under and in accordance with the Concession Agreement.
6. Shareholding in the SPV
6.1 The Parties agree that the proportion of shareholding among the Parties in the SPV
shall be as follows:
First Party:
Second Party:
{Third Party:}
{Fourth Party:}
6.2 The Parties undertake that a minimum of 26% (twenty six per cent) of the
subscribed and paid up equity share capital of the SPV shall, at all times till the
second anniversary of the date of commercial operation of the Project, be held by
the Parties of the First, {Second and Third} Part whose experience and networth
have been reckoned for the purposes of qualification and short-listing of Applicants
for the Project in terms of the RFQ.
6.3 The Parties undertake that each of the Parties specified in Clause 6.2 above shall, at
all times between the commercial operation date of the Project and the second
anniversary thereof, hold subscribed and paid up equity share capital of SPV
equivalent to at least 5% (five per cent) of the Total Project Cost.
6.4 The Parties undertake that they shall collectively hold at least 51% (fifty one per
cent) of the subscribed and paid up equity share capital of the SPV at all times until
the second anniversary of the commercial operation date of the Project.
52
Appendix IV
Page 4
6.5 The Parties undertake that they shall comply with all equity lock-in requirements
set forth in the Concession Agreement.
6.6 The Parties undertake that the O&M Member shall subscribe and hold at least 10%
(ten per cent) of the subscribed and paid up equity shares in the SPV in terms of the
Concession Agreement.}
7. Representation of the Parties
Each Party represents to the other Parties as of the date of this Agreement that:
(a) Such Party is duly organised, validly existing and in good standing under the
laws of its incorporation and has all requisite power and authority to enter
into this Agreement;
(b) The execution, delivery and performance by such Party of this Agreement
has been authorised by all necessary and appropriate corporate or
governmental action and a copy of the extract of the charter documents and
board resolution/ power of attorney in favour of the person executing this
Agreement for the delegation of power and authority to execute this
Agreement on behalf of the Consortium Member is annexed to this
Agreement, and will not, to the best of its knowledge:
(i) require any consent or approval not already obtained;
(ii) violate any Applicable Law presently in effect and having

applicability to it;
(iii) violate the memorandum and articles of association, by-laws or other

applicable organisational documents thereof;
(iv) violate any clearance, permit, concession, grant, license or other

governmental authorisation, approval, judgement, order or decree or
any mortgage agreement, indenture or any other instrument to which
such Party is a party or by which such Party or any of its properties
or assets are bound or that is otherwise applicable to such Party; or
53
Appendix IV
Page 5
(v) create or impose any liens, mortgages, pledges, claims, security

interests, charges or Encumbrances or obligations to create a lien,
charge, pledge, security interest, encumbrances or mortgage in or on
the property of such Party, except for encumbrances that would not,
individually or in the aggregate,
have a material adverse effect on the financial condition or prospects

or business of such Party so as to prevent such Party from fulfilling
its obligations under this Agreement;
(c) this Agreement is the legal and binding obligation of such Party, enforceable
in accordance with its terms against it; and
(d) there is no litigation pending or, to the best of such Party's knowledge,
threatened to which it or any of its Affiliates is a party that presently affects
or which would have a material adverse effect on the financial condition or
prospects or business of such Party in the fulfillment of its obligations under
this Agreement.
8. Termination
This Agreement shall be effective from the date hereof and shall continue in full
force and effect until the Financial Close of the Project is achieved under and in
accordance with the Concession Agreement, in case the Project is awarded to the
Consortium. However, in case the Consortium is either not pre-qualified for the
Project or does not get selected for award of the Project, the Agreement will stand
terminated in case the Applicant is not pre-qualified or upon return of the Bid
Security by the Authority to the Bidder, as the case may be.
9. Miscellaneous
9.1 This Joint Bidding Agreement shall be governed by laws of {India}.
9.2 The Parties acknowledge and accept that this Agreement shall not be amended by
the Parties without the prior written consent of the Authority.
54
Appendix IV
Page 6
IN WITNESS WHEREOF THE PARTIES ABOVE NAMED HAVE EXECUTED AND

DELIVERED THIS AGREEMENT AS OF THE DATE FIRST ABOVE WRITTEN.
SIGNED, SEALED AND DELIVERED SIGNED, SEALED AND DELIVERED

For and on behalf of
LEAD MEMBER by: SECOND PART
(Signature) (Signature)
(Name) (Name)
(Designation) (Designation)
(Address) (Address)
For and on behalf of For and on behalf of

THIRD PART FOURTH PART
(Name) (Name)
(Address) (Address)

For and on behalf of For and on behalf of
FIFTH PART SIX PART
(Name) (Name)
(Address) (Address)
In the presence of:
1. 2.
55
Appendix IV
Page 7
Notes:
1. The mode of the execution of the Joint Bidding Agreement should be in

accordance with the procedure, if any, laid down by the Applicable Law and
the charter documents of the executant(s) and when it is so required, the same
should be under common seal affixed in accordance with the required
procedure.
2. Each Joint Bidding Agreement should attach a copy of the extract of the
charter documents and documents such as resolution / power of attorney in
favour of the person executing this Agreement for the delegation of power and
authority to execute this Agreement on behalf of the Consortium Member.
3. For a Joint Bidding Agreement executed and issued overseas, the document
shall be legalised by the Indian Embassy and notarized in the jurisdiction
where the Power of Attorney has been executed.
56
APPENDIX V1
Guidelines of the Department of Disinvestment

(Refer Clause1.2.1)
No. 6/4/2001-DD-II
Government of India
Department of Disinvestment
Block 14, CGO Complex
New Delhi.
th
Dated 13 July, 2001.
OFFICE MEMORANDUM
Sub: Guidelines for qualification of Bidders seeking to acquire stakes in Public Sector
Enterprises through the process of disinvestment
Government has examined the issue of framing comprehensive and transparent

guidelines defining the criteria for bidders interested in PSE-disinvestment so that the
parties selected through competitive bidding could inspire public confidence. Earlier,
criteria like net worth, experience etc. used to be prescribed. Based on experience and in
consultation with concerned departments, Government has decided to prescribe the
following additional criteria for the qualification/ disqualification of the parties seeking to
acquire stakes in public sector enterprises through disinvestment:
(a) In regard to matters other than the security and integrity of the country, any
conviction by a Court of Law or indictment/ adverse order by a regulatory
authority that casts a doubt on the ability of the bidder to manage the public
sector unit when it is disinvested, or which relates to a grave offence would
constitute disqualification. Grave offence is defined to be of such a nature that it
outrages the moral sense of the community. The decision in regard to the nature
of the offence would be taken on case to case basis after considering the facts of
the case and relevant legal principles, by the Government of India.
(b) In regard to matters relating to the security and integrity of the country, any
charge-sheet by an agency of the Government/ conviction by a Court of Law for
an offence committed by the bidding party or by any sister concern of the
bidding party would result in disqualification. The decision in regard to the
relationship between the sister concerns would be taken, based on the relevant
facts and after examining whether the two concerns are substantially controlled
by the same person/ persons.
(c) In both (a) and (b), disqualification shall continue for a period that Government
deems appropriate.
1
These guidelines may be modified or substituted by the Government from time to time.
57
Appendix V
Page-2
(d) Any entity, which is disqualified from participating in the disinvestment

process, would not be allowed to remain associated with it or get associated
merely because it has preferred an appeal against the order based on which it
has been disqualified. The mere pendency of appeal will have no effect on the
disqualification.
(e) The disqualification criteria would come into effect immediately and would
apply to all bidders for various disinvestment transactions, which have not been
completed as yet.
(f) Before disqualifying a concern, a Show Cause Notice why it should not be
disqualified would be issued to it and it would be given an opportunity to
explain its position.
(g) Henceforth, these criteria will be prescribed in the advertisements seeking
Expression of Interest (EOI) from the interested parties. The interested parties
would be required to provide the information on the above criteria, along with
their Expressions of Interest (EOI). The bidders shall be required to provide
with their EOI an undertaking to the effect that no investigation by a regulatory
authority is pending against them. In case any investigation is pending against
the concern or its sister concern or against its CEO or any of its Directors/
Managers/ employees, full details of such investigation including the name of
the investigating agency, the charge/ offence for which the investigation has
been launched, name and designation of persons against whom the investigation
has been launched and other relevant information should be disclosed, to the
satisfaction of the Government. For other criteria also, a similar undertaking
shall be obtained along with EOI.
sd/-
(A.K. Tewari)
Under Secretary to the Government of India
58

RFQ Ludhiana Talwandi 2 Dec 09

Uploaded by

Copyright:

Available Formats

RFQ Ludhiana Talwandi 2 Dec 09

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

RFQ Ludhiana Talwandi 2 Dec 09

Uploaded by

Copyright:

Available Formats

National Highways Authority of India

(Ministry of Road, Transport & Highways)

INTERNATIONAL COMPETITIVE BIDDING UNDER TWO STAGE BIDDING PROCESS FOR

SECTION OF NH - 95 FROM KM 92.000 TO KM 170.000 IN THE STATE OF

Request for Qualification (RFQ)

G-5 & 6, Sector – 10, Dwarka, New Delhi 110075

Applicant(s) As defined in Clause 1.2.1

Sl. No. Contents Page

2C Preparation and Submission of Application 15

3 Criteria for Evaluation 22

4 Fraud and Corrupt Practices 26

Information provided in this RFQ to the Applicant(s) is on a wide range of matters,

Name of the National Length in Km Indicative Project Cost

Ludhiana - Talwandi section 78.000 479

Government of India has issued guidelines (see Appendix-V) for qualification of

1.3 Schedule of Bidding Process

The Authority shall endeavour to adhere to the following schedule:

Event Description Date

Bid Stage Estimated Date

2.1 Scope of Application

2.2 Eligibility of Applicants

(a) The Applicant for pre-qualification may be a single entity or a group of

(b) An Applicant may be a natural person, private entity, or any combination of

(ii) a constituent of such Applicant is also a constituent of another Applicant;

(vi) such Applicant, or any Associate thereof has participated as a consultant to

(d) An Applicant shall be liable for disqualification if any legal, financial or

Explanation: In case an Applicant is a Consortium, then the term Applicant as

(ii) paid for development of Eligible Project(s) in Category 1 and/or Category

(iii) collected and appropriated revenues from Eligible Project(s) in Category 1

Provided that at least one fourth of the Threshold Technical Capability

(a) Number of members in a consortium shall not exceed 6 (six), but

(e) an individual Applicant cannot at the same time be member of a

(f) the members of a Consortium shall form an appropriate SPV to execute

(i) convey the intent to form an SPV with shareholding/ ownership

(ii) clearly outline the proposed roles and responsibilities, if any, of

(iii) commit the minimum equity stake to be held by each member;

(iv) commit that each of the members, whose experience will be

(v) members of the Consortium undertake that they shall collectively

(vi) include a statement to the effect that all members of the

For purposes of this RFQ, Associate means, in relation to the Applicant/

2.2.10 The following conditions shall be adhered to while submitting an Application:

(a) Applicants should attach clearly marked and referenced continuation

(b) information supplied by an Applicant (or other constituent Member if the

(c) in responding to the pre-qualification submissions, Applicants should

(d) in case the Applicant is a Consortium, each Member should substantially

The holding or acquisition of equity or control, as above, shall include direct or

2.3 Change in composition of the Consortium

2.3.2 Where the Bidder is a Consortium, change in the composition of a Consortium

(c) the substitute is at least equal, in terms of Technical Capacity, to the

2.4 Number of Applications and costs thereof

2.5 Site visit and verification of information

Applicants are encouraged to submit their respective Applications after visiting

2.6 Acknowledgement by Applicant

(a) made a complete and careful examination of the RFQ;

(b) received all relevant information requested from the Authority;

(c) accepted the risk of inadequacy, error or mistake in the information

(d) agreed to be bound by the undertakings provided by it under and in terms

2.7 Right to accept or reject any or all Applications/ Bids

(a) at any time, a material misrepresentation is made or uncovered, or