14fails to re-confirm its commitment, the Authority reserves the right to designate the nextapplicant as the selected applicant and invite it <strong>for</strong> negotiations.2.17.2 AWARD OF CONSULTANCYAfter selection, a letter <strong>of</strong> Award (the “LOA”) shall be issued in duplicate, by the Authorityto the Selected Applicant and the Selected Applicant shall, within 7 (seven) days <strong>of</strong> thereceipt <strong>of</strong> LOA, sign and return the duplicate copy <strong>of</strong> the LOA in acknowledge there<strong>of</strong>. Inthe event the duplicate copy <strong>of</strong> the LOA duly signed by the Selected Applicant is notreceived by the stipulated date, the Authority may, unless it consents to extension <strong>of</strong>time submission there<strong>of</strong>, cancel the LOA and next Applicant may be considered.2.17.3 COMMENCEMENT OF ASSIGNMENTThe <strong>Valuer</strong> shall commence the valuation work within seven days <strong>of</strong> the date <strong>of</strong>acceptance <strong>of</strong> the LOA or such other date as may be mutually agreed. If the Consultantfails to either acknowledge the LOA or commence the assignment as specified herein,the Authority may invite the next Applicant <strong>for</strong> negotiations. In such an event, the LOA asthe case may be shall stand cancelled / terminated.2.18 MISCELLANEOUS2.18.1. The Selection Process shall be governed by, and construed in accordance with,the laws <strong>of</strong> India and the Courts at Bhubaneswar shall have exclusive jurisdiction over alldisputes arising under, pursuant to and/or in connection with the Selection Process.2.18.2. The Authority, in its sole discretion and without incurring any obligation orliability, reserves the right, at any time to:(a) suspend and/or cancel the Selection Process and/or amend and/or supplement theSelection Process or modify the dates or other terms <strong>of</strong> conditions relating thereto;(b) consult with any Applicant in order to receive clarification or further in<strong>for</strong>mation;(c) retain any in<strong>for</strong>mation and/or evidence submitted to the Authority by, on behalf <strong>of</strong>and/or in relation to any Applicant; and/or(d) Independently verify, disqualify, reject and/or accept any and all submissions orother in<strong>for</strong>mation and/or evidence submitted by or on behalf <strong>of</strong> any Applicant.2.18.3. It shall be deemed that by submitting the <strong>Proposal</strong>, the Applicant agrees andreleases the Authority, its employees, agents and advisers, irrevocably, unconditionally,fully and finally from any and all liability <strong>for</strong> claims, losses, damages, costs, expenses orliabilities in any way related to or arising from the exercise <strong>of</strong> any rights and/orper<strong>for</strong>mance <strong>of</strong> any obligations hereunder, pursuant hereto, and/or in connection
15herewith and waives any and all rights and/or claims it may have in this respect, whetheractual or contingent, whether present or future.2.18.4. All documents and other in<strong>for</strong>mation supplied by the Authority or submitted by anApplicant shall remain or become, as the case may be, the property <strong>of</strong> the Authority. TheAuthority will not return any submissions made hereunder. Applicants are required totreat all such documents and in<strong>for</strong>mation as strictly confidential.2.18.5. The Authority reserves the right to make inquiries with any <strong>of</strong> the clients listed bythe Applicants in their previous experience record.3 DOCUMENTS3.1 APPENDIX-IDocuments <strong>for</strong> Technical <strong>Proposal</strong>The Technical <strong>Proposal</strong> includes the following documents:Form 1 : Letter <strong>of</strong> <strong>Proposal</strong>Form 2 : Particulars <strong>of</strong> the applicantForm 3 : Statement <strong>of</strong> Legal CapacityForm 4 : Power <strong>of</strong> AttorneyForm 5 : Financial Capacity <strong>of</strong> the ApplicantForm 6 : Particular <strong>of</strong> Key PersonnelForm 7 : Abstract <strong>of</strong> Eligible Assignments <strong>of</strong> the applicantForm 7A: Eligible Assignments <strong>of</strong> ApplicantForm 8 : Abstract <strong>of</strong> Eligible Assignments <strong>of</strong> Key PersonnelForm 8A: Eligible Assignments <strong>of</strong> Key PersonnelForm 9 : Curriculum Vitae (CV) <strong>of</strong> Key Personnel3.2 Documents <strong>for</strong> Financial <strong>Proposal</strong>The Financial <strong>Proposal</strong> includes the following documents:Form 1 : Covering LetterForm 2 : Financial <strong>Proposal</strong>