BCCI Announces Strict Guidelines For IPL Opening Ceremony
Feb 17, 2017 at 11:07 AM
In an attempt to bring the much-needed transparency in the Indian Premier League (IPL), the Board Of Control for Cricket in India (BCCI) has incorporated some strict guidelines in their recently-released ‘Request For Proposals’ (RFP) for interested companies, that will conduct eight opening ceremonies during the opening match of all the eight teams franchises including the closing ceremony in Hyderabad.
The revamped cricket board with new interim administrators have been given the duty to bring transparency in the BCCI and the first major step towards attaining that goal is being taken after the issuing of RFP.
As per the new guidelines, the interested companies will have to fulfill certain criteria before submitting their tender. The companies, who are willing to submit their tenders, are required to have a yearly turnover of Rs 30 crore and ready to pay bank guarantee of 35 per cent. They are also required to be free from any criminal record.
Here are some of the guidelines for the interested companies:
- The successful interested party has to bear all costs of hosting eight opening ceremonies (at 8 venues) and closing ceremonies.
- Irrevocable and Unconditional Bank Guarantee of 35 percent of the Budgeted Costs within five working days from counter-execution of Staging Agreement.
- Each Interested party’s recent audited accounts should show an annual turnover of Rs 30 crore
- No person criminally convicted or being guilty of Conflict of interest should not be associated with interested parties
- Furnish details of any company or corporate entity related to interested party with its business ventures in Mauritius and British Virgin Islands.
- Interested parties will be called for presentation at BCCI headquarters on March 1.
- Interested parties invited will be given 45-minute time for video demonstration of their plans for the opening ceremony.
- The announcement will be made on March 1.