No consortium of companies allowed to stage IPL ceremony: BCCI

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Mumbai | Published: February 26, 2017 12:20:32 AM

The Supreme Court appointed Committee of Administrators (COA) today made it clear that no consortium of event management companies will be allowed to pitch for opening ceremony bidding clarifying the payment patterns

The earlier payment structure as per Request For Proposal was: 35 percent would be paid on signing the agreement subject to bank guarantee. (Reuters)

The Supreme Court appointed Committee of Administrators (COA) today made it clear that no consortium of event management companies will be allowed to pitch for opening ceremony bidding clarifying the payment patterns. In the Request For Proposals (RFPs), many FAQs were put forward by interested parties and one question asked was about whether a consortium can bid for the eight opening ceremonies. The BCCI in a clearly worded clarification said that: “No. A consortium of companies cannot submit proposal. A, company may, with written approval from BCCI, subcontract certain obligations to companies but the Interested Party (bidder) will remain primarily liable.”

It was also mentioned that no portable stage will be allowed in the pitch territory or in the 30-yard circle.

The earlier payment structure as per Request For Proposal was: 35 percent would be paid on signing the agreement subject to bank guarantee. 35 percent within completion of 8 opening ceremonies and 30 percent within 15 days of reconciciliation of all accounts.

The new flexi payment structure 30 percent payment in advance on submission of 30 percent bank guarantee. 20 percent payment within 15 days after first payment. 25 percent first week before opening ceremony and 25 percent following reconciliation of all accounts of the company in relation to budget, poerformance of all post events obligations and final settlements of all costs.

The BCCI also rejected request of companies with Rs 15 crore turnover to be a part of bidding for opening ceremonies.

BCCI employees fill up disclosure form as per COA diktat

The Committee of Administrators (COA) has issued an instruction as per which all employees of BCCI posted at Cricket Centre were made to fill up disclosure forms with all relevant information.

A top source privy to developments said that employees have submitted the duly filled forms.

“It’s a standard operating procedure. The COA wants all information about employees, their background and relevant details. Accordingly, the employees were handed disclosure forms two days back,” the source told PTI today.

It also requires them to disclose if they have had any police records or not.

However it was learnt that during 10 hour meeting, the CEO didn’t ask any questions to the employees.

The top BCCI employees include the GMs MV Sridhar and Ratnakar Shetty, another senior employee KVP Rao.

“As of now they have not taken any decision. They are taking a stock of the situation,” the source added.

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