MP ROAD DEVELOPMENT CORPORATIOIN LIMITED, BHOPAL MINUTES OF THE PRE-BID MEETING HELD ON 23012010 FOR DEVELOMENT OF UMIAINCUNHEL NAGDA- JAORA ROAD. ~ | Chrifiaton sought Query — Tiere two el plaza, one coxe 0 Uj al lier close To Sora The enh othe oad 9S. 25 KM. Length of Homogenssus Sections i) Ujjsin to Nagda bypass er (km. O10 Km sa. fi) End of Nagda Bypass to end of Jaora bypass (km, 5410952) Tri nov specified a Jesus as To what length will Be used ih Chatting wll at each tl pln, Sine tll tare specified per km, will it be half at each toll plaza or different ‘Toll willbe imposed based on per km. length ‘Article 20 of Concession Agreement. provides for tris aid post ‘teach tll plaza and also a patrol vehicle. Amicle 2) of the | Concession Agreement provides for medial aid post at each ol plaza, ambulance, houses and pay and allowances for 2 medical “Traflic Aid Posi, Pairol Vehicle, Medical Stall & ‘Ambulance to be provided as per Concession ‘Agreement the Usted drawing atthe earls. 3 Frople, But Schedsle-C enly mentions of medical ai post at pege 31 and not of rai aid post, patol vehicle, medica stall | tnd ambulance, Kindly lay _ 7 Target traffic ef 4400 PCU in 2020/5 very low value and K [AS per alc projecion, design capacity of wae 44 {shoud be elred wheter wil be minimum, average or | 519799 PCUin yea 2035, | maximum of the two toll plaza. = Harta weather condaions Gold and fog) W willaks sore | Tat dais of submission extended up to. 23.09.2010 tore time for proper site and traffic survey. Ax each itis spt 1500 es. | requested to ives time extension of one month for submission | oF ide up to 1.03201 ‘Aupet Schedule Page No. 16410 166, in volume WValistof | AIT working drawings are to be provided by the é ded. Noweverdrawingsare missing. | Concessionare as pet the Manual of Standards and | ‘Specifications in Sehedule-D,1 The site Ujain-Uinhel-Nagda-Jaors ‘Youre well aware thal BOT projsets need lotsof time to prepare | Already done technical and financial bid. Therefore, its requested to kindly ‘extend the date of submissi from Km, 39400 to Uyjain-Agar Road (SH-27) T inerseetion and terminates at T-intersection near Jaora town on Ken. 132.900 Of Jaros -Neyagaon Four lane road (SH-31) covering twa Clistiiets viz, Ratlam & Uijain, The existing and design lengths of| the project road are 91.110 km, and 95,225 km, respectively. Please provide the corest details. ‘ref panicular oF the project are as follows:- Name of | Length ( stimated Proieet Km) Projeet Cost r) 9523 Nagda-Jaora Clans 12, Pant MPRDC has adopted a Wworage proese (colecvely tered f0 asthe Bidding Proves) for stv of fhe Bilder for award of the Project. The frst sage (he Ghaleaion stage) of the process involved qualification of interested partiesConsortia in accordance with the provisions of | FO. AL che end ofthis sage, MPRD short-listed 16 stable re-qulited splicans who were cigible fr participation inthe ‘Seand_ sage ofthe bidding proses (the BID Stage) comprising Regt for Proposis. Please prove the lis of shor ised 16 pre-qualified apsicans. Biake 2114 Pur: () woh Bide (or any sonsttent Cero) ial any ether bidder (or any constient threo) have common ‘inrlling shareholders or oferowncrihip interest: provide that this qualification shall not spp cases where the det oF inde shareholding ina bidder or a constiueat thereof i the her tide) (or any of is consteuens less tan 1% of ts fu up and sutscrbed capt Kindly revise the clase a pot Glial roriacd document of they have changed the det of indies shrchlding in Bilder o a constiues!thewof in the ‘ihr Bidlets) (or any of consent) sess than 1% of is Dal up and subscribe capital, changeup tb 25%. proposal without Nevins | Clase 31.10 Wels 3207 ra Bidder shall not have a conflict of interest (the coafkt af Interest) ta aes te Bidding Proce Any Bier fvnd to have sucha Confit or imce tall be daqualfe. te even ot ualiewon, he ‘ory shallot ad | sorptas $6 ofthe abe of be Td Soc or| Terinmance Secu). asthe cae may 66, mutually agreed = genuine -—_pre-estimated TDmpeteaton tn damages payable the MPRDC foe imer all the Une, cou and eft. of Ok ‘erty, udlg eosin of sch ders jae ayremedy that may be availible w the Authority hereunder or otherwise. Without limiting the generality of the above, # Bidder shall be considered to have a Conflict of Interest that affests the Bidding Process, if (i such Bidder (or any constituent thereof) and any ‘other Bidder (or any constituent thereof) have ‘common controling shareholders or other ‘vwnership interest; provided that this qualification ‘sll pot apply in cases whee the direct or indirect harcholeing in a Bidder oF 4 cansituent thereat the other Bidders) (or any ofits constituents) isnot more than 25% (twenty five percent) of its paid up and subscribed capital: provided further that this ‘disqualification shall not apply to any ownership by 1 bank, insurance company, pension fund ce public firancial institution refered to in section 4A | ‘of the Companies Act, 1986: For the purposes of | this Clause 21.14. indirect. shareholding held through one or more intermediate persons shal be computed as follows: (aa) where any intermedary is controlled by a person through management ‘control of otherwise, the entire shareholding held by such conirolled inisemediary in any other person (the “Subject Person”) shall br taker into account| for computing the shutcholding of such contealing person inthe Subject Person: and (ho) subjeet ‘ways 10 sub-claise (aa) above, where a person does not exercise contol over an Intermediary, ‘hich his shareholding in the Subject Person, the ‘computation of indirestsharchelding of such person in the Subject Persc shall bo ons —Proporionate Fisiy provided, «that nO] Such sharcholding shall be reckoned under this sab- use (bb) i the shareholding of such person inthe | is vs than 262s of the bseribed and iy shareholding of such intermediary i).a constituent of such Bidder is also constituent ‘of another Bidder; or (ip, such Biddcr, its Member or any Associate thereof receiver of has neveived any direct or indirect subsidy, grant, concessional loan or suhordinsied debt fiom any other Bidder. its Member or Associate, oF fas provided any such ‘subsidy, grant, concessional lan or subordinated ‘debt to ay other Bidder, ts Member or any Assoxiate thereof; oF Gv) such Bidder has the same legal representative for purpeses ofthis Bid as any other Bilder; or (8) such Bidder, oF any Associate thereof, has a relationship with another Bilder, oF any Associate theceof, directly or through common third party parties, that pate cither ox both of therm in a postion tw have acess to each others” information about, oF 10 influence the Bid of ether or each ether: oF (vi sich Bilder has participated a a constant 10 the Authority in the preparation of any documents, design oF tcchaisal specications of the Project | Notwithstanding anything stated herein eguflict ofstage will be considered to subsist only, as beween such Applicants atracting conflict of interest provisions on account of shareholdings, who subi bids under this document Explanation: In case @ Bidder is 2 Convortium, then the term Bidder as used in this Clause 2.1.14, shall include teach Member of such Consortium, For purposes of this RFP, Associate means. in relation 10 the Bidder’ Consortium Member a person who controls, is controlled by, oF is under the cemmon control with such Bidder’ Consortium Member (he “Assoeiafe"), As used In this definition, ie expression “contro!” means, sith expect 19 @ petson which is. company oF comporation, the ownership, direct! or indirectly. of ‘mote than 80% (fifty er cent) ofthe voting shares ‘of such person, and with respect t0 a person which is nota company oF corporation, the power to direct the management and policies of such person by ‘operation of la. Glavse 2.20.7 The Bid Security shall be forfeited fand appropriated hy the Authority as mutually ‘agreed genuine pre-estinaied compensation and damages payable to the MPRDC for. inter alia, time, cost and effort of the Authority. without prejudice to any other right or remedy that may be Available to the Authority hereunder oF Lunde the following conditions:(8) IFa Bidder submits a non-responsive Bid; (b) Ww Binder engages in a comrupt practice, fraudulent practice, coercive prac Undesirable practice or restrictive practice as specified in Section 4 ofthis RFP: (6) Wa Bidder withdraws its Bld during the period of BAL validity as specified in this REP and es extended by mutual consent of the respective Bidder(s)and the MPRIC: (4) nthe case of Selected Bidder, if it fails within the specified time Himit— () Ww sign and rewen the duplicate opy of | {iyo sign the Concession Agreement: 6 (Gi) wo furnish the Performance Security within the period prescribed therefore inthe ‘Concession Agreement: or Aiv)in case the Selected Bidder, having signed the Concession Agreement, commits any breach thereof prior 10 furnishing the Performance Sevuriy Subject however that in the event of enashment of Bid Security oecuring due w opeation of pane 2.20.7 (a) the damage so claimed by MPRDC shail bbe restricted 5% ofthe value ofthe Bid{number of days) after/before Commercial Operation Date (in figure......days) (number 0 days) afterbelore Commercial ‘operation date (in Words). Kindly revise the quoting of Premium payment shall be as per NHIAI revised tender document; it shell be Fire year Premium amount only not days. Clause 42 & 43 Parclll: Damages for Delay by the MPRDC: Inthe event that 3) MPRDC does not procure fulfillment of any oF all ofthe Conditions Precedent set forth in Clause 41.2 within the pesiod specified in respect thereof, & (ji) the delay has not ecured as a result of dreach of this agreement by the ‘Concessionaire of due to Force Majeure, MPRDC shall pay’ to the Goncessionare Damages in an amount calculated at the rac of (0.1%6 (eero point one per cent) of the Performance Security for teach day's delay until the fulillment of such Condition Precedent, Subject to-& maximum of 20% (twenty percent of the Performance Sesurty. Damages for delay by the Concessionaire: In the event that () MPRDC does not procure fulfilment of any or all of the Conditions Precedent set forth in Clause 4.13 within the period 180 days from the date ofthis Agreement, & (i) the delay as not occurred a5. result of failure of fulfill the obligaions under Clause 4.12 or other breach ofthis Agreement by the MFRDC of ‘due to due 10 Force Majeure, the Concessionare shal pay to the MPRDC Damages in an amount calculated at the rite of 0.2% (esto point two per cent) of the Performance Security for each day's delay until the fulfilment of such Condition Precedent, Subject to a maximum: of 20% (twenty percent ofthe Performance | Security he rate of damages per day for the delay in fulfillment of condition precedent is twice for the Concessionaie than that for the, Authority which seems 10 be unustified, It is therefore Pike Wid FormatParcll; For Premium Payment.....days | Revised Financial No change‘suggested that penalty for the same fault should be Same for both the partes. Clause 5.1.A(e) Part-II: The Concessionaire shal Con of land acquisition, Rehabilitation & cos and expense, ...make reasonable efforts 10 fa Resettlement and utility shiftieg will be borne by Sequiston of land required for the purpose of the Agreement; | MPRDC or the agency owning such ut 15 | Please clarify by adding that all cost with respect to land acquisition shall be bome by MPRDC. ‘This coald imply thet the facilitation sought = (Clause 61.2 & 10.4 Partlll. Obligat | Nochinge | The MPRDC agrees to provide support to the Convessionaire and undertakes to observe, comply with and perform, subject to and perform, subject oand jn accordance with the provisions of this TRureement and the Applicable Laws the following, For the | favoidence of doubt, it is agreed that ing rights of ways easements, privileges, liberties and appurtenances 1 the Li Premises shall nat be deemed to be Encumbrances, It sgeed that the Concessionaire accepts and undertakes to bear ‘any ond all sks asing out of the inadequacy or physical Conditions of the Site. Please clarify the provisions for | Tehabiltation aad resettlement. The responsibility and costs may, please be included in the obligations of MPROC. MPRDC may take the responsibility of all R&R activities, ‘encroachment removal etc. and pay for the same. ‘The physical responsibility of removal only may be put onthe Conesssionaite | ‘Cause 11-1 Partllk: undertake at the Consessionaire’s eos No change legal proceedings for acquisition of any right of way. Hewever, as per Cl 112 Concessionaite’s obligations with | | | respect to utilities are limited to physical removalshfting of the | "7 ‘same for which the cost is being paid. Kindly make necessary ‘modifications so thal in respect to handling utilities | Concessionsire’s obligations are restricted to physical | removalishifting on payment for the same.18 » the MPRDC or by the entity owning such utility, ifthe MPRDC $0 directs, Payment of uility shifting shall be given by MPRDC fo Concessionaire for avoiding the un-nevessary delay in the execution ofthe projec. ‘Clause 14.32 Part: The parce hereto expressly agree that Provisional Cerificate under this Clause 14.3 may, upon request ‘of the Concessionaite to this effet, be issued for operating part of the Project Highway, iat least 75M of the total project length of the Project Highway has been completed. Upon issue of such Provisional Cerificate, the provision of Article 15 shall apply such competed part Privisional certificate will be isued after 75% the total Iength of Projet Highway has been completed, Kindly clarify that this clause of issue of Provisional Cerificate is applicable for each homogeneous section completion so that we can sat toll of homogeneous section after completion of 75% of Homogeneous ‘Section. Also kindly provide us chainages of each Homogeneous Sestion elisa ‘Cliuse 21.3 Partly Recurring expenditure on Medical Aid Posts, On or before COD, the Concessionare shall provide o the Slate Medical Department a substitite thereat to be designated bby the Govt. one ambulance in good working condition along with ‘huuffeurs for round the clock ambulance services as set forth in Clause 21.1 & meet the operating costs of such ambulance including the salaries and allowances of the Chauffeurs Kindly specif) the amount to be paid to Ste Medical Deparment, ax there ix no control on purchase of medical ‘equipment thal_ may vary, so you are requested that payment ‘esponsibility shall be in MPRDC’s scope, as this extra leading of this expenditure will effect viability of project. Clause 27.12 Patil. The Parties acknowledge that @ __ notification for levy and collection of fechas been isswed by the ‘Clause 11.2 Part-lll The cost of such shifting shall be borne by | Cost of Utility shifting will be borne By MPRDC._ Word *Projest Highway” isclearly defined. Details of Homogensous Section provided One Ambulance with basic medical needs tobe provided Can be purchased as & ia published available inthe market aH‘y Govt. under section 2 read wih Section-# of the Incl ‘Acts, 1985 (PART-VIII of 1851) (the Fee Notification) and a copy: of thereof is set forth in Scbedule-R, Please provide copy of Section -4 of indian Toll AN, (PART-VIIL of 1851), 2 ‘Clause 27.6.1 Part-lIl, In the event that the average daly aie ‘of CUs in eny aecountiag year shall have reached a level ‘iuivalsnt to 120% of the designated capacity speified in clause 50.23. the fee levied and collected. from the traffic exceeding the ‘ealfic Cap shall, nowithstanding anything to the centrary contained in this Agreement, be deemed to be due ard payable 10 the MPRDC in accordance wih the provisions of clause 27.6.2, The higher limit of 20% is fixed forthe comparison af PCUs, we request you to revise the provision ofthis claice as below: The Fes levied and collected from the tafic eveesding the 120% of Traffic Cap stall, notwithstanding anything to the contract ‘oniined in this Agreement, be deemed to be due and payable to theauthorty in accordance with the provisions of clause 27.9.2 No change ‘Clause 27.62 Partll If vaffic in any accounting yesr excesds the traffic eap the Concessionaive shall be ented to eollest and, appropriate the Realizable Fee for traffic not exceeding Please clarifj the methodology 10 compute excess revenue as ‘comparison are made in tems of PCU, Revenues up the PCU mentioned will be limited fas por the classification acceptable to | Concessionaire, ‘Clause 29.1.1 Partlll. The MPRDC end the Concessionaire acknowledge thatthe taffic as on June 2023 (the “Target Daic”) js estimated 10 be 4800 PCUs per day (the “Target Trafic"), ane thereby agree that for determining the modifications 10 the Concession Period under this Aaicle 29, the actial trafic on the ‘Faget Date shall be derived by computing the average of the tralfic as determined by traffic sampling to be undertaken, in accordance with Clause 22.3, on the date that falls one year prior to the Target Date, on the Tazget Date and on the first aniversary ‘fthe Target Date the "Actual Average Tratfi’) Calculation methodology given in Schedule-OTiny expat the calculation of Target Traffic with by as pot | cach category of vehicle in computation of PCUs. kindly claaty the methodology for callin for Aewal Average Teams W average calculated forthe yeu 2022, 2023 and 2008 itr farther averging, for both the tll pla 2. PL explin in | gui. i ‘Clause 29.2.3. PART-HL. Notwithstanding anything to the onary conned in this Agreement, if he average daly trafic fects in any Accounting Year stall exceed. te designed ‘dpa ofthe Projet ighvay, MPRDC at is opin may sanse fitparaion of a ealled peaeetrepot (DPR), The said DPR, Merethe ill awew the Gow! a may have to be incured for ‘ipmonting the capacity of the project highways such tha is eig, shall have increased sulficenty for carying the then samt rac in accordance withthe eoresponding provisions o | She tian Real Congress publication No. IRC — 94 1990 oF may ‘tbwtute thot & extension of Concession Peo if any that ‘tay be mquredo ye the Concesioeie = pos tx return on By deal TAP) of 16% por annum, such asessment being See an sumed det: equ aio of 70:30, Such extension of Concensicn Pend shall be however limited 10 sive) yest. Please cai F) ifthe 16% post te return on equity is only on aden fully iveatment for uderaking capacity sgnertaton, {han for computing soch IRR only revensearsing out of Ine over and above the threshold designed eapaciy (Ge 3000 PCs) shoud be considered Please confinn =, ithe capacity augmentation costs will be fas mentioned in the DPR or actual costs incurred by the CConcessionice and appraves by Independent Engineer for ‘undenaking such capacity augmentation. Capacity augmentatien is not contemplated in entire project. Hence paved shoulder in rural area need not to be provided due to increased traffic ‘Therefore, extension of Concession Period is not provided.{it) The traffic volumes vary from segment to segment in the project stretch. Please clarify ifthe capacity augmentation Ih the various segments can be undertaken 5 and wh iis {ue or the entire srcch will be augmented? iy) The modified clause docs not mention to what extent the capicity shoTuld be augmented. Whether it is to be Augmented to cight lane capacity or more? Vy Please clarify how the maximum extension period of § fears was artved at. Clause B21 Partlll: Appointment of Auditors: “The Concessionaire shall appoint, and have during the subsistence of | this Agreement as its Smtutory Auditors a firm chosen by it from the mutually agrecd list of 10 reputable. firms of Chartered [ecountants such list to be prepared substantially in accordance ‘with the ertera set forth in Schedule-T, |All fee ard expenses of the Statutory. Auditors shall be borne by the Concessionaire. Fee and Expenses of the Statutory Auditors shall he in MPRDC scope otherwise please specify per year amount. TRadivor fee to be paid by Concessionaire as such ‘appointment will be done by Concessionare ws per the procedure given in the Concession Agreement, ‘Clause 3724 Part-I: For the woidance of doubt, the Concessionaire hereby acknowledge that no Termination Peyrent shall be due of payable en account of a Coneessionaire Default ‘euurring prior 10 the COD, This provision may be acceptable svhore the concessionaire has not completed even 10% of the onstruction of project. However where a corsiderable portion of the constuction has been completed & equity as well as finance from the lenders has been procured this provision needs 10 be revised, ht would be advisable ta negotiate that certain percentage {or completion ofthe projet by the concessionaire be (outed a5 & No changeThreshold beyond which the value of assel ereaied reduced by the ‘ost incur in taking over of re-tendeting the project should be payable to the concessionaire, In addition all the downstream payments thal may need to be done by the concessionaire in espect of the project aprecinent should be compensated by the ‘Author Clause 2&3 Part IV (Schedule. 8) Bypasses & Realignment -— “There ate two bypasses and two realignments in the project highway, The dels of bypasses and realignments to be provided ar given at Appendix BI Kindly Provide us the status of Land Acquistion for the proposed, bypasses & Realignment. and Acquistion of proposed bypass and realignment is in progress. ‘a) Schedule-C Part-IV 10 @) Toll Plaza The project roads is envisaged to be developed on commercial bass. Diret tolling method of revenue generation by constructing user fee plaza has ‘heen proposed. Based on the traffic study two toll plaza are proposed at suitable location in between following chainages: (1) Between Ki.5.00 1 6.00 (Design km) for section Uijin — N apd (2) Between Km.85.00 t0 86.00 (Design km) for section Naga —Jaora For the purpose of tolling, the project is classified as wo homogeneous sections to meet the requirements of toll rotiication, The tol plaza shall be provided as per standard set ~ forth in Schedule - D having all facilites lke lighting, water supply, firefighting systems ete ‘You have been given two Toll Plaza for two homogenous sections Details already provided. Voll collection will be permitted on completion of Homogensous Section fs per the provisions of Article- 14.[Kindly provide us exact chainage of homogeneous section. & ‘Also please clarify that Homogeneous Section Toll Collection wil be siarted after Section wise Completion of Pl. confirms. Sencral: ls there any forest land i the proposed Right of way? the Project Highway. Kindly provide us the Feasibliy report ofthe Projet. Not t be supplied as tenders on DRFOT model ‘Kindly provide us the soil investigation date for all the structures CConcessionsre to do such investigation Kindly provide fr ScheduiesB Table of Chainage wise widening schedule along with Typical Cross section, a8 the same is not iven in Schedule B. Alsy provide Drawings of Typical Cross Section in hard as well as soft copy, Existing road shall be widened. Cross Sections given in Clause 2,1 of Schedule-B. Drawings of ‘Typical Cross Sections ae given in Schedule-D. Kindly provide the realignment with details figament plans, including bypasses & Gan be seen fn MPRDCs Head office at Bhopal ~~) Chabal Bridge — Sin ‘Rindly provide the exact location of Nagda ROB. with pole ‘number of railway department. Also clarify shifting of HT. line Is required or not? AS ibe Work fe pope oT Nagi Bypass pias aay We Imsintnance Kabty of existing, work is im Ue scope of Conese o 0? gars cansivction work of bridge | bridge work is comple js in progress, he stretch ofthe highway cannot be used until the MPROC shall give confi ‘Design Chainage of road is provided in Schedule-B. However, Railway chainage is 698 between Nagda Ratlam Reilway Line. Uility shifting is. 10 be assewed by Concessionalre as per Concession ‘Ageeement. : Negla Bypass ts incloded In Schedule-B ‘Maintenance ability as per the provisions of clause 12.2 of the Concession Agreement ‘The bridge will b completed before the Scheduled Project Completion Date. {SERSjor the timely completion of bridge, the liability for the maintenance of bridge shall not be in the scope of concessionaire Iv the event of delay in completion of bridge the concession petiod shall be extended equal to the period of delay in completion of bridge, Also suitable damages shall be paid tothe concessionaite for the idle charges of manpower & machinery ‘Nagda — Ghileda section - As the work in progress of this | Concessionaire will be required to mai rain the section, please clarify the maintenance will be in the Scope of Cencessionsire or nor? Srexisting work | rou a per Clause 12.2 of Coneessionsire ‘Agreement,Lijan-UnteNepdetac em Rod Par-ll Revised Financial Bid Format =. = eee ‘Tape oF CONTENTS DescriPrion PaGENo. Price Bid Format 22 Insructon for making financial proposal 33Ul Ue Naga Jo Red Parl) Revised Financial Bié Format Ne FORMAT FOR FINANCIAL PROPOSAL, (On the letterhead of the Lead Member) ‘Ujjain-Unhiel-Nagda-Jaora Road_in the State of Madhya Pradesh on BOT basis.” Financial Proposal For Grant to be provided by MPRDC reo rt (in Indian Rupees erores only) (Rs, In Crores) Grant T Or For Premium to be paid to MPRDC on Commercial Operation Date (COD) ‘Amount (Rs. In Crores) Premium Quoted GrantPremium is Rs. (Rs. 1: Crores In words) The figures quoted should be covered with a clear adhesive tape) [Name ofthe Bidder / Consortium Name & Signature of the Authorized Person Notes: ‘¢- The Financial Proposal isto be signed by the authorized person of the Bidder (In ease of 4 Consortium, as pera valid power of artomey given by all members ofthe Consortium) 4+ All the definitions shall be as por the Draft Concession Agreement (REP Par I) unless specifically tated otherwise in this documenteine Nag Jo Read Parl! Revised Financial Bié Format mE INSTRUCTION FOR MAKING FINANCIAL PROPOSAL: Bidder to note: 1. A Bilder may quote a Premium or a Grant but not both, In case the Bidder quotes @ ‘Combination of Premium as well asa Grant, the bid will be rsjested. 2. ‘The Grant as 1o be quoted as an absolute amount but the disbursements will be made as per Aisle 252 of the Draft Concession Agreement (Part Il of the RFP) and subject to ‘conditions therein. 3. ‘The Premium has to be quoted as an absolute amount but the payment isto be made 19 MPRDC as per Clause 262.1 of the Draft Concession Agreement (Part Ill of the REP) ‘and as per conditions therein. 44, The Grant! Premium amount quoted must not exceed two places of decimals. 5, Incase of any vasianoe in Grant / Premium quoted between any value in numeralsFigures ‘and words, the amount in words shall prevail. ‘Name of the Bidder / Consortium Name & Signature of the Authorized Person