Cvc guidelines for joint venture

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(iii) A suitable clause in tender condition/documents regarding “Accepting/Rejection of offers from JV or Consortium firms should be clearly indicated in theGuidelines regarding procedures to be adopted for invitation of tenders and on participation of Joint Ventures for projects costing upto Rs. 100 crore it shall comply with the relevant circulars of CVC and other statutory bodies. (Applicable in case of Partnership firm/Joint Venture). CVC are conceived to be the apex vigilance institution, free of control from any executive authority, monitoring all vigilance activity under the Central Guidelines for participation of joint venture firms in works tender. A. Separate identity/name shall be given to the Joint Venture firm. It is clarified that the CVC's instructions dated 18.11.1998, banning post tender negotiations except with L-1 (i.e. the lowest tenderer), pertain to the award