The Board of Control for Cricket in India (BCCI) has announced the release of the Invitation to Tender (ITT) for Title Sponsor Rights for upcoming Indian Premier League (IPL) Seasons from 2024 to 2028. Interested entities are invited to bid for these rights, with detailed terms and conditions outlined in the ITT document, available upon a non-refundable payment of INR 5,00,000 plus applicable Goods and Services Tax.
The ITT procurement process, valid until January 8, 2024, requires interested parties to email payment details for ITT purchase. However, meeting eligibility criteria specified in the ITT is crucial for bid eligibility, emphasizing that purchasing the ITT doesn't guarantee bidding rights.
Additionally, Annexure B lists brand categories ineligible for bidding. Tata Sons Private Limited holds the 'Right to Match' the highest bid submitted, as detailed in Annexure C. BCCI retains the right to cancel or modify the bidding process at any stage without providing reasons.
Key Points:
1. The BCCI has announced the release of an Invitation to Tender (ITT) for Title Sponsor Rights for the Indian Premier League (IPL) Seasons 2024-2028.
2. Interested entities can bid for the Title Sponsor Rights, and the tender details are specified in the ITT document, available upon payment of a non-refundable fee of INR 5,00,000 plus applicable Goods and Services Tax.
3. The ITT documents can be procured following the procedure outlined in Annexure A of the notice, with the purchase window open until January 8, 2024.
4. Parties keen on bidding are required to email payment details to [email protected] and will receive the ITT documents only upon payment confirmation.
5. Merely purchasing the ITT doesn't grant the right to bid; eligibility is based on meeting criteria laid out in the ITT.
6. Certain brand categories for bidding restrictions are detailed in Annexure B, while the highest bid is subject to Tata Sons Private Limited's 'Right to Match' (RTM) as per Annexure C.
7. BCCI retains the right to cancel or modify the bidding process at any stage without providing specific reasons.
8. The ITT specifies obligations, rights, submission processes, and eligibility criteria for potential bidders.
9. Interested parties must adhere to the ITT guidelines and meet eligibility requirements to be considered for bidding.
10. The ITT outlines the framework for securing Title Sponsor Rights for IPL Seasons 2024-2028, emphasizing compliance with specified procedures and criteria for prospective bidders.
(With Agency Inputs)
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