Subregional Transport Facilitation Project

The absence of international joint venture partners in the implementation of international competitive bidding (ICB) contracts awarded to them was observed during project implementation. To ensure involvement of all joint venture partners in contract administration, it would be necessary for each individual joint venture partner to issue a guarantee against the collateral for their individual and joint liability. Issuance of individual and joint liability along with a performance bond would ensure liability for the work among all joint venture partners.