Himachal Pradesh Infrastructure Development Board Unsolicited Proposal (Under Swiss Challenge Approach) Regulations, 2022

Aug 25, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of Himachal Pradesh on August 24, 2023, published the Himachal Pradesh Infrastructure Development Board Unsolicited Proposal (Under Swiss Challenge Approach) Regulations, 2022

The following has been stated namely: -

• It states that A Valid Representation in respect of a particular Project may be accepted by the Board based on the recommendations of the Expert Committee constituted for its 3 evaluations, on a provisional basis, provided

(a) The Representation is received in the format specified in Form-A along with Form-B complete with supporting documents. 

(b) Any other valid Representation with respect to the same or substantially similar Project intended to be situated at the same geographical location has not been earlier received by the Board. 

(c) The person making the Representation has deposited the “Representation Processing Fee” and “Representation Holding Security” as per Regulations 8 and 9 respectively.

• It has stated the Rights of the Proposer of the Unsolicited Proposal during the public bidding process under the Swiss Challenge method 

• It states that the Board shall have the right to call off the Project anytime during the process without assigning any reason to the Proposer, but prior to execution of the agreement by the concerned Government Agency with the Proposer or the successful bidder, as the case may be. Once an agreement is entered into by the concerned Government Agency, the respective clauses of the duly entered agreement shall apply.

• It states that Each Unsolicited Proposal should be accompanied by a non-refundable Proposal Processing Fee for an amount equivalent to 0.10% of the tentative total cost of the proposed Project to which the Proposal pertains, subject to a maximum of rupees one crore.


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