Could we construe from the draft Notice that there is no need to define, at least in the application stage, any direct and/or indirect participation of less than 10% in the Bidder?
No. Unless otherwise stated the application stage requires a Bidder to identify and disclose all members of his Candidate Group. These may have less than a 10% participation in the bidder. 32: The definitions of Insider and Confidential Information appear to prevent Bidders from discussing their potential requirements with suppliers of equipment and services, and also from using an adviser (legal, financial or other) that is advising another Bidder. Is this correct? ANSWER: The Activity Rules relating to Confidential Information apply from the Application Date to the end of the auction and during that period Confidential Information must not be passed between different Candidate Groups. The Activity Rules are not intended to prevent Bidders passing Confidential Information to advisers or suppliers of equipment or services who may also be acting for other Bidders. Each Bidder will wish to consider the risks attached to giving Confidential Information to such advisers and suppliers durin
Related Questions
- I have received a Show Cause Notice asking explanation, why the present address information disclosed in the application form contradicts the information in the police report. What should I do?
- Could we construe from the draft Notice that there is no need to define, at least in the application stage, any direct and/or indirect participation of less than 10% in the Bidder?
- If I’m invited to full application stage do I need to submit it straight away to ensure there is funding available for my project?
