Consortium Agreement

CONSORTIUM AGREEMENT This Consortium Agreement executed on this 27th Day of May 2012 between M/s Primeone Workforce
Pvt. Ltd. A company incorporated under the law and having its registered/principal office at R-47, Ground Floor, M.P. Nagar Zone I, Bhopal (herein after called the `Partner-I/ `Lead Partner which expression shall include its successors, executors and permitted assigns) and M/s Ishwer Integrated Society of Human Welfare and Educational Researh, a NGO and having its registered/ principal office at 58, New MLA Quarters, Jawahar Chowk, Bhopal. (herein after called the `Partner II/ `Second Partner which expression shall include its successors, executors and permitted assigns) for the purposes of submission a final bid (hereinafter called Bid) and entering into a contract in case of award for the work of Director of Farmer Welfare and Agricultural Development (DFWAD ) for Professional Support ( Computer Operators ) HEREAS, the Owner invited BIDs AND WHEREAS as per BID document, Consortium bids will also be considered by the Owner provided they meet the specific requirements in that regard. AND WHEREAS the BID is being submitted to the Owner vide proposal dated 28 th May, 2012 based on the Consortium Agreement being these presents and the BID with its BID forms and submission documents, in accordance with the requirement of BID document conditions and requirements have been signed by all the partners and submitted to the Owner. NOW THIS INDENTURE WITNESSETH AS UNDER: In consideration of the above premises and agreements all the partners to this Consortium do hereby now agree as follows: 1. In consideration of the BID submission by us to the Owner, if considered acceptable, submission of main bid by us and the award of contract by the Owner to the Consortium (if selected by the Owner), we the partners to the Consortium, hereby agree that the Partner I (M/s Primeone Workforce Pvt. Ltd.) shall act as the lead partner for self and for and on behalf of Partner II and further declare and confirm that we shall jointly and severally be bound unto the Owner for execution of the contract in accordance with the contract terms and shall jointly and severally be liable to the Owner to perform all contractual obligations including technical guarantees. Further, the Lead Partner is authorized to incur liabilities and raise bills receive payments for and on behalf of all partners of the CONSORTIUM. 2. The Lead Partner along with the partner-II shall be responsible for Project Management of works and its successful and timely execution. 3. It is expressly understood and agreed between the partners to this agreement that the responsibilities of the Partner II would be limited to help in acquring adequate manpower as required from time to time and to provide training to the acquired manpower as and when required.
4.
In case of any breach of the said Contract by any of the partners of the CONSORTIUM, we hereby agree to be fully responsible for the successful
execution/ performance of the Contract in accordance with the terms of the Contract.
5.
Further, if the Owner suffered any loss or damage on account of any breach of the Contract or any shortfall in the completed equipment/ plant, meeting the guaranteed performance parameters as per the technical specifications/ contract documents, the Lead Partner and Second Partner of these presents undertake to promptly make good such loss or damage caused to the Owner, on the Owners demand without any demure. The Owner shall have the right to proceed against anyone of the partners and it shall neither be necessary nor obligatory on the part of the Owner to proceed against the Lead Partner to these presents before proceeding against the Second Partner. The financial liability of the partners to this Consortium Agreement, to the Owner with respect to the any or all claims arising out of the performance or non-performance of the Contract shall, however be not limited in any way so as to restrict or limit the liabilities of either of the partner. This Consortium Agreement shall be governed, construed and interpreted in accordance with Laws of India. Courts of Bhopal shall have exclusive jurisdiction in all matters arising hereunder.
6.
7.
In case of award of contract, we the partners to this Consortium Agreement do hereby agree that we shall furnish the contract performance guarantee in favour of the Owner from a bank acceptable/ approved by the Owner for a value as stipulated in the Contract Award and such guarantee shall be in the names of both the partners of the Consortium. It is further agreed that this CONSORTIUM Agreement shall be irrevocable and shall form an integral part of the Contract and shall continue to be enforceable till the Owner discharges the same. It shall be effective on the date first above mentioned for all purposes and intents. IN WITNESS WHEREOF, the partners to this Consortium agreement have, through their respective authorized representatives, have executed these presents and affixed their hands and common seal of their respective companies on the day, month and year first abovementioned. For M/s. Primeone Workforce Pvt. Ltd. For M/s Ishwer Integrated Society of Human Welfare and Educational Researh
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Consortium Agreement

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CONSORTIUM AGREEMENT This Consortium Agreement executed on this 27th Day of May 2012 between M/s Primeone Workforce

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