Consortia Bidding Agreement (Joint Bidding For Tender)
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Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
✒️ Joint bidding agreementBusiness activity
Submit a tenderA joint bidding agreement is an agreement between two or more potential bidders on a project or contract in which they agree to submit a joint bid. The agreement may cover aspects such as price, terms, and conditions of the bid. Joint bidding agreements are used in many industries, but are most common in construction and engineering.
The template provides a framework for potential consortium members to set forth their roles, responsibilities, and contributions towards the joint tender bid. It covers crucial aspects such as the formation of the consortium, each member's financial and resource commitments, the allocation of tasks and responsibilities, decision-making processes, and dispute resolution mechanisms.
The agreement also addresses important legal considerations, such as the governance and management structure of the consortium, the use and protection of intellectual property rights, confidentiality obligations, and compliance with applicable laws, regulations, and standards. It may include provisions related to the consortium's dissolution, should the bid not succeed, or if the members wish to terminate their collaboration.
By utilizing the Consortia Bidding Agreement under UK law, potential consortium members can establish a legally binding and transparent framework that promotes fair competition, ensures efficient project execution, and protects the interests of all involved parties throughout the bidding process.
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