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JOINT VENTURE AGREEMENT
RAUTAHA-SAP-SIRUWA JOINT VENTURE
PHONE NO:- 01-4112354
kune , Kathmandu , Nepal
This agreement has been made on the 3" day of the month of May of the year 2017 between
the following parties:
M/s Rautaha Construction Pvt. Ltd. a company having its office at Ratopul Kathmandu
representative Mr, Dharma Raj Dahal as a director of the lead partner {hereinafter refer
toas Rautaha),
M/s SAP Construction Co. Pvt. Ltd a company having its office at Baneshwor,
Kathmandu representative Mr. Shiva Prasad Chaulagain as a managing director of the
lead partner (hereinafter refer to as SAP).
M/s Sirawa Construction Co. Pvt. Ltd. a company having its office at Tinkune
Kathmandu representative Dinesh Paudel as a managing director of the lead partner
(hereinafter refer to as Siruwa).
WHEREAS, Government of Nepal, Ministry of Physical Infrastructure and Transport,
Department of Roads, Western Regional Road Directorate, Division Road Office,
Baglung. (Hereby called the Employer) has invited the bid for the Upgrading of
Phulbari Aarthar Dandakharka Rapu Ramjathanti Tilahar Dimuwa Road.
Syangja/Parbat Contract Identification No.: DROBLG/3371234/073/74-113.
(Hereby called the work).
NOW WE UNDERSIGNED, responsible and authorized representative of the “Joint
Venture Partners” namely in charge and Secondary partner do agree as follows:
1. The purpose of the Joint Venture Agreement is to supplement and enhance the
Technical, Financial and Administrative capability of the Joint Venture Partners in
order to successfully participate in the hiding process and to entire into contact
‘agreement and execution of works, in case of the contract is awarded.
2. The application for bid shall be submitted in the name of J
shall be as follows:
RAUTAHA-SAP-SIRUWA JOINT VENTUREDirector ~ Managing Director
Rautaha Construction Pvt. SAP Construction Co. Pvt.
Ltd,
Tinkune, Kathmandu, Nepal
PHit: 01 4112354 / 9801179039
All correspondence documents shall be addressed in this name.
3. The ratio of participation of each individual joint venture partners expressed as
percentage of total contract values shall be as follows:
Rautaha Construction Pvt. Ltd. : 40% of the total works
SAP Construction Company Pvt. Ltd. : 30% of the total works
Siruwa Construction Co. Pvt. Ltd. : 30% of the total works
4, The partner in-charge shall have exclusive authorized to deal with Employer and
incur liabilities and receive instruction for and on behalf of any all partners,
including receive payment and incurred expenses, and shall be over all
responsible for the execution of the contract,
5, This agreement will come into force date of signing of his agreement and shall be
enforced the date of issuance of the defect Liabilities Certificate, in case the
Contract is awarded to the Joint Venture.
6. All the Joint Venture partner shall be joint and severally liable for the execution
of the contractor.
7. All the parties have agreed that to open current account in the name of the joint
venture and all the represent for all parties will open it.
8. All the companies are agreed on the terms and conditions mentioned above the
signed the agreement to 3% May,2017 at the office of M/s Rautaha Construction
Put. Ltd
IN WITNESS WHEREOF, the partner here to have caused their respective seals to be
here to affixed for have here onto set their hands and seals, the day and year first
above written,
SIGNED BY AUTHORIZED REPRESENTATIVES OF ALL JOINT VENTURING PARTNERS
harma Raj Dahal Mr, Shiva Prasad Chaulagain
Ld,