The Board of Control for Cricket India (BCCI) has invited bids for The Title Sponsor Rights for international and domestic matches organized by it.
The future of the bid will be decided through a tender process.
Under the Invitation to Tender( ITT), the winning bidder will be granted the right to be title Sponsor and various other associated rights (As defined in the ITT) relating to the BCCI organized International and Domestic Matches during the perios commencing from September 1, 2019, until March 31, 2023, through the process mentioned in ITT document.
The terms and conditions governing the submission and evaluation of the bids, including eligibility requirements and performance obligations are contained in the ITT, which is available purchase.
Interested parties can also download the bid document from HERE upon payment of 5,00,000 + 1.79% payment getaway charges. The document is available for purchase till august 14.
The bids are to be submitted online by uploading the same on the platform (as defined in the ITT) latest by 11 pm on August 19. Evaluation of eligibility documents and communications to eligible bidders will take place on August 20. Opening of financial bids followed by online auction will take place on August 21.
The BCCI reserves the right at its discretion to cancel and or amend the bidding process at any stage without providing any reason. Merely by buying the ITT doesn’t entitle the purchaser to bid, but in order to bid the purchaser must buy the ITT in the name of the company or group desriring to bid.
Source: PTI
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