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1. JOINT VENTURE AGREEMENT Between _________________________________________ and __________________________________________ (herein collectively referred to as the PARTIES) WHEREAS A. _____________and ____________are desirous of forming a Joint Venture for purposes of joining their resources in order to carry out the _________ _________________________________________________________ NOW THEREFORE THE PARTNERS AGREE AS FOLLOWS: 1. INTERPRETATION In this agreement: 1.1 Clause headings have been inserted for convenience and shall not be used as an aid to its construction. 1.2 Unless the context clearly indicates a contrary intention: 2. 1.2.1 an expression which includes: 1.2.1.1 any gender shall include the other genders; 1.2.1.2 a natural person shall include an artificial person and vice versa. 1.3 The following expressions shall have the meanings shown against each and cognate expressions shall bear corresponding meanings. 1.3.1 “CONTRACT” means the erection of ____________________________________ 1.3.2 “DEFAULTING PARTY” means a party to which a notice has been given specifying breach which is to be remedied within seven (7) days and which does not remedy such breach; 1.3.3 “EFFECTIVE DATE” means the date of signature by_______________of this agreement; 1.3.4 “EXECUTIVE COMMITTEE” means that body of persons acting collectively comprising of_______________________________and_______________ of _________________their duly appointed representative. 1.3.5 “MANAGEMENT COMMITTEE”: means that body of persons acting collectively comprising one representative from each party. 1.3.6 “PROJECT MANAGER” means_________________who shall supervise all activities of the Contract and be the responsible person in respect of this Contract. 1.3.7 “QUORUM” means two persons being one representative of each party. 1.3.8 “SPONSOR” means______________ 1.3.9 “PRINCIPAL / EMPLOYER” Means DEPARTMENT OF PUBLIC WORKS 3. 2. CONSTITUTION OF THE JOINT VENTURE 2.1 The PARTNERS hereby constitute a Joint Venture which, notwithstanding its composition, shall conduct all business under the style”_____________ ________________” (the “Joint Venture”) which shall commence on the effective date and shall continue in existence until determined as in hereinafter provided. 2.2 The object of the Joint Venture is to jointly execute and complete the Contract, which has been awarded to the _________________. 2.3 Nothing herein contained shall be construed as constituting a general partnership or limiting the right of power of a party to carry on its separate business for its sole benefit. 2.4 The parties herein shall be jointly and severally liable towards the Principal and third parties specifically and solely for the obligations of the Joint Venture deriving from and in any way connected with the present agreement and the Contract. In this regard the legal domicilium of the Joint Venture will be: _________________________________ _________________________________ 2.5 The interest of each party and its liability to contribute to and its respective share in any loss, including capital loss or liability or profit which may result from the operations of the Joint Venture and its interest in all the property acquired and monies received arising out of or in connection with the execution and completion of the Contract shall be:- 2.5.1 _____________% 2.5.2 _____________% 2.6 The place of business of the Joint Venture shall be at the Site of the Contract or such other place as the Management Committee shall decide. 2.7 Save for such powers as the Sponsor necessarily requires to perform its functions in the Management of the Joint Venture, this agreement shall not constitute or be construed as the agent of another. 3. DURATION OF THE JOINT VENTURE 3.1 The duration of the Joint Venture shall extend until such time as all the obligations of the Joint Venture in respect of the Contract, if successfully secured, and this agreement have been discharged. 4. 4. MANAGEMENT OF THE JOINT VENTURE 4.1 The Management Committee shall be responsible to the Joint Venture for the management of the Contract. It shall decide all questions of principle in the administration of the Contract and shall have all such powers as are normally invested in a Board of Directors, without limiting the generality of the expressions “power”, the function and authority of the Management Committee shall be as set out in Clauses 5 and 6 below. 4.2 The Sponsor shall be responsible for the administration of the Joint Venture. The administration entails accounting, bookkeeping, wages and salaries, including the responsibilities detailed in Clause 4.3 below. 4.3 The Sponsor shall be responsible for the cost control system as agreed, all accounting and administrative processes and records including the payment of VAT and R S C levies on behalf of the Joint Venture and the preparation of monthly and quarterly financial reports in respect of the Joint Venture. All such system systems, records and reports shall be subject to the approval of the Management Committee. 4.3.1 The Sponsor shall be paid for the above-mentioned tasks a fee of __% of the contract value. The fee shall be paid monthly to the Sponsor as and when the Joint Venture is paid by the Principal. 4.3.2 The fee paid to the Sponsor for the aforementioned tasks shall cover all off site costs incurred by the Sponsor in respect of such tasks with the specific exception of printing and stationery costs and data processing costs specifically related to the Contract, which costs shall be reimbursed by the Joint Venture. 4.4 The auditors and/or financial representative of each of the PARTNERS shall be ___________ at all reasonable times, access to the records referred to in 4.3 to enable them to verify monthly, quarterly and annual financial reports. 4.5 The financial year end of the Joint Venture shall be _____________. 5. CONSTITUTION AND FUNCTION OF THE MANAGEMENT COMMITTEE 5.1 The PARTNERS shall procure the appointment of a Management Committee comprising two (2) members being one representative from each party. 5.2 The Management Committee shall meet at such times as they shall decide being not less than once per calendar month. 5.3 Unless the PARTNERS agree unanimously to some other period, each member of the Management Committee shall receive not less than three (3) days notice of al meetings and of the matters to be discussed there at. 5. The time and place for meetings shall be determined by the Project Manager, who shall send out notices for the meeting. 5.4 A Quorum for each meeting shall be one representative, or his alternate, of each party. No decision of the Management Committee shall be valid in the absence of a Quorum. If no Quorum is present at a meeting of which due notice has been given to all members of the Management Committee, the following provisions shall apply: 5.4.1 The meeting shall stand adjourned to the same place and the same time on the same day of the next week (or if that day is not a business day the first day thereafter). 5.4.2 At such adjourned meeting if the member of the Management Committee previously absent is not present, those present shall be entitled to make valid decisions provided that 5.4.2.1 All members of the Management Committee shall have received prior notice of the adjourned meeting of the Management Committee. 5.4.2.2 The decisions relate only to matters which were set out in the agenda for the first meeting. 5.4.2.3 All members of the Management Committee are immediately notified of any decision taken in terms of this sub-clause. 5.5 The Management Committee shall be presided over by a Chairman who shall be appointed by the Sponsor. At any meeting of the Management Committee the Chairman shall have a deliberative but not a casting vote. 5.6 All decisions of the Management Committee shall be unanimous by those members attending and entitled to vote. 5.7 Should the Management Committee be unable to reach unanimous agreement at any meeting on any matter on which it deliberates the meeting of the Management Committee shall be adjourned and the matter shall be referred for decision to the Executive Committee. If the said Executive Committee is unable to resolve the dispute the matter shall be referred to the final decision of any arbitrator to be appointed by the PARTNERS. 5.7.1 If the issue in dispute is primarily a matter of an accounting or financial nature, the dispute shall be referred to the decision of any independent accountant of not less than ten (10) years standing agreed by the PARTNERS and in the absence of agreement appointed by the President for the time being of the _______ Society of Chartered Accountants. 6. 5.7.2 If the matter in issue is primarily a construction matter, it shall be referred to the decision of an arbitrator of not less than ten (10) years standing agreed by the PARTNERS and in the absence of agreement appointed by the President for the time being of the Institute of South Africa Architects. 5.7.3 If the matter in issue does not fall within the ambit of 5.7.2, the dispute shall be referred to the decision of an advocate of not less than ten (10) years standing agreed by the PARTNERS and in the absence of agreement appointed by the Chairman for the time being of the Cape Bar Council. 5.7.4 The provisions of Clause 19 shall apply to any such reference to arbitration. 5.8 Notwithstanding any reference to arbitration if the subject matter of the dispute is of an urgent and important nature which cannot reasonably await the decision of an arbitrator the reference to arbitration shall not delay or interfere with the progress of the Contract and the Sponsor shall be entitled to decide whether any steps would be taken in regard thereto prior to the decision of the arbitrator. 5.9 All business transacted at the meeting of the Management Committee shall be recorded in a suitable minute book to be kept at such place as the PARTNERS may decide and such minute book shall be at all times available for the inspection of the PARTNERS representatives or their duly authorised agents who shall have the right to take copies thereof or extracts there from. Copies of minutes of meetings shall be circulated to the members of the Management Committee within seven (7) days of the meetings. 6. POWERS AND DUTIES OF THE MANAGEMENT COMMITTEE Without derogating from the generality of the provisions of Clause 4.1 the Management Committee shall have the following powers and duties: 6.1 To appoint a Project Manager to oversee the Contract. 6.2 To decide upon all matters for the submission of claims. 6.3 To determine the manner in which any disputes concerning the Joint Venture and third parties shall be dealt with. 6.4 To decide upon the banking accounts to be opened by the Sponsor in the name of the Joint Venture and the methods of operation of such banking accounts. 6.5 To approve and allocate any additional expenditure not allowed for in the Contract price. 7. 6.6 To receive and consider reports by the Project Manager on the progress of the Contract. 6.7 To approve the form and amount of any bonds or guarantees which the Joint Venture may have to provide. 6.8 To approve the policy relating to conditions of employment of staff. 6.9 To decide all matters in relation to the acquisition, hiring and disposal of plant and equipment. 6.10 To determine the manner in which invoicing to the Joint Venture by the PARTNERS shall be done. 6.11 To give the necessary powers to the Sponsor for the administration and accounts of the Joint Venture. 6.12 To call for Monthly, Quarterly and Annual Financial Statements of the affairs of the Joint Venture. 6.13 Receive and decide upon recommendation of the Sponsor as to the sum or sums to be paid from time to time by the PARTNERS to provide working capital for the Joint Venture. 6.14 To appoint the Auditors. 6.15 To determine the policy to the adopted in respect of major sub-contractors and suppliers. 6.16 To determine the level or resources required and which of the PARTNERS shall provide same. 6.17 To obtain all requisite insurance including but not limited to public liability insurance. Each PARTNER shall be obliged to demonstrate that it is adequately ensured in relation to the Joint Venture, Annexure “ A” hereto shall be completed by the PARTNERS and said Annexure shall form part of and be integral to this agreement. 7. THE PROJECT MANAGER 7.1 The Management Committee shall appoint a Project Manager who shall be responsible for overseeing the exception of the Contract in accordance with the directives of the Management Committee and in terms of the Contract. 7.2 The Project Manager shall report to the Management Committee and shall represent the Joint Venture in its dealings with the Principal or the agents of the Principal. The Project Manager shall advise the Management Committee on all the matters concerning the Contract. 8. 8. JOINT VENTURE PROFITS 8.1 The profits earned by the Joint Venture shall be distributed in accordance with decisions taken by the Executive Committee from time to time. The Executive Committee shall have no power to re-adjust the share of the profits to which a party may be entitled. 8.2 The Executive Committee may in its absolute discretion distribute, advance or loan any surplus funds which may be available at any time to the PARTNERS in proportion to their share in the Joint Venture. 9. OTHER PROFITS 9.1 No party shall derive or attempt to derive any profits or financial benefit, either directly or through any legal person in which they have a direct or indirect interest arising from any business transacted by or with the Joint Venture as provided for in Clause 9.2. The PARTNERS agree, however, that a party and its associated or subsidiary companies shall be entitled to enter into sub-contract or supply contract with the Joint Venture. 9.2 Prior to obtain the written approval of the Management Committee referred to in Clause 9.1, which approval shall not be unreasonably withheld, the interest of a party shall be disclosed to the Management Committee which shall thereafter have the right to receive from such party a full disclosure of the nature and extent of such interest. 10. CHANGES AND REMUNERATION OF EMPLOYEES 10.1 The cost of employing the Project Manager and all full time employees of the Joint Venture will be a charge to the Joint Venture. 10.2 The cost of Seconded Staff referred to in Clause 14 shall be charged to the Joint Venture and such cost shall include: 10.2.1 The gross remuneration payable to the employee, and 10.2.2 The amount paid in respect of the employer’s portion of his pension fund, medical aid society contributions and social security payments, if any, and 10.2.3 That portion of the paid leave to which his service agreement entitles him which his period of secondment to the Joint Venture bears to a calendar year, and 10.2.4 The portion of his annual bonus, if any, which his period of secondment to the Joint Venture in a calendar year bears to a calendar, and 10.2.5 The amount paid to him in respect of his car allowance. 9. 10.3 No charge shall be made by a party in respect of the time spent by its representative (or alternate) on the Management Committee. 11. WORKING CAPITAL AND GUARANTEES 11.1 The amount of working capital required by the Joint Venture shall be determined by the Management Committee from time to time 11.2 (a) It is recorded that the objective of the Joint Venture in respect of working capital in that it shall as far as is possible, be self financing and that any proposals submitted shall bear that objective in mind. To the extent that the Joint Venture is not self financing the PARTNERS will provide any shortfall in working capital in equal shares. (b) In the event of any of the PARTNERS being unable or unwilling to provide the requisite shortfall, the PARTNER providing the finance at its sole discretion shall be entitled to recover from the other PARTNER the cost of financing the shortfall portion based on the then prevailing prime overdraft interest of financing the shortfall portion charged by the____________ Bank of SA Limited plus ___% A PARTNER’s inability or unwillingness to provide working capital shall constitute a material breach of this agreement. 11.3 __________________ undertakes to procure from a registered bank or other financial institution all performance, retention or any other guarantees which are required by the Principal. The cost of procuring the aforesaid performance retention and other guarantees shall be done by the Joint Venture. 11.4 All payment claims shall be compiled and submitted to the Joint Venture and all payments due shall be paid to the Joint Venture. 11.5 In the event of the Joint Venture’s cashflow being negative, each PARTNER shall provide the Joint Venture with the cash required in order to ensure a positive cashflow. In the event of either of the PARTNERS being unable or unwilling to provide the necessary cash, then the provision of Clause 11.2 (b) shall apply mutatis mutandis. 12. PLANT AND EQUIPMENT 12.1 All equipment and plant required by the Joint Venture shall be purchased or hired by the Joint Venture in its own name or in the name of one of the PARTNERS. Plant and equipment hired for purchased shall receive the approval of the Management Committee prior to its acquisition. 12.2 Should plant or equipment be purchased from a party, the purchase price of such plant and equipment shall be agreed between the Management Committee of the Joint Venture and such party prior to the dispatch thereof to the Site. 12.3 Should a party hire plant to the Joint Venture, the Management Committee shall agree upon a rate therefore so far as possible which is consistent with prevailing market rates. 10. 12.4 Save in so far as a party may have suitable plant and equipment available for purchase or hire by the Joint Venture upon which the Management Committee has reached agreement on the price or rents thereof, all plant and equipment shall be purchased new or second-hand or hired from third parties. 12.5 On completion of the Contract or as and when any plant and equipment shall no longer be required for the purposes thereof, valuation thereof shall be made by the Management Committee and the PARTNERS shall be advised that such plant and equipment is not longer required, together with the valuation thereof. The PARTNERS shall be entitled, if they wish, to submit offers for any such plant and equipment. The Management Committee shall at a predetermined time open all such offers. The party which has submitted the highest offer exceeding the valuation placed thereon by the Management Committee shall be entitled to purchase such plant and equipment. If the highest offer shall be less than such valuation, the Management Committee may in its discretion accept the highest of any such offer provided that a party which has sold plant and equipment to the Joint Venture shall, for a period of thirty (30) days after the opening of the offers, have the right to purchase from the Joint Venture such plant and equipment at an amount equivalent to the highest offer to the Management Committee. 12.6 If any plant and equipment no longer required for the purposes of the Contract shall not be disposed of in the manner set out in Clause 12.5, such plant and equipment shall be disposed of in the open market in such manner and at such price and on such terms as the Management Committee shall decide, provided that the PARTNERS shall as far as is practicable, be accorded a priority over third parties in the purchase of such plant and equipment. 12.7 If the manner of disposal decided upon by the Management Committee shall be public auction, the PARTNERS shall not be precluded from attending and bidding at any such public auction. 13. STAFF The PARTNERS agree not to attempt during the currency of this agreement, to entice or influence any person seconded to or employed by or associated with the Joint Venture as the case may be for one (1) year after the termination of this agreement without the written consent of the other parties knowingly to employ any persons previously employed by the party and who has been engaged on or was associated with the Contract. 14. SECONDED STAFF AND LABOURERS 14.1 Each party undertakes to make monthly paid staff available to the Joint Venture from time to time for the executing of the Contract. Such staff is hereinafter referred to as Seconded Staff. 14.2 Insofar as is reasonable practicable, the members of Seconded Staff shall be maintained in such a way that each party from time to time be making approximately the same proportionate contribution to the provision of the Seconded Staff as it proportionate participation in the profits of the Joint Venture from time to time. 11. 14.3 The Project Manager, with the approval of the Management Committee and the Management Committee, in its own right, shall have the right to terminate the services of Seconded Staff. Seconded Staff whose services are so terminated shall be removed from the Contract and shall not again be permitted to take part in the execution of the Contract. 14.4 No bonus shall be payable in respect of the Contract without the prior approval of the Management Committee. 14.5 All labour requirements shall be obtained on a sub-contract basis, unless agreed otherwise between the parties. 15. DISSOLUTION OF THE JOINT VENTURE 15.1 Should a party be placed in provisional or final liquidation or pass a resolution for voluntary winding up or take steps to be wound up on the grounds of its inability to pay its debts, or compound any of its creditors, or be placed under Judicial Management, Provisional or Final, then - save in those cases where by operation of the law the Joint Venture is automatically dissolved. Either of the parties shall be entitled without prejudices to any other right of action or claim for damages or for specific performance, to terminate this agreement and to dissolve the Joint Venture upon thirty (30) days notice in writing to the other party and to the employer / principal. 15.2 Whether the Joint Venture is terminated in such circumstances by automatic operation of law, or by notice, the following provisions shall apply: 15.2.1 The interest of the party in default shall be determined by the Auditors. 15.2.2 In determining the value of the interest of the party in default, the auditors shall adopt such methods of valuation as it in its sole discretion considers to be equitable, but subject to the following guidelines: 15.2.2.1 A balance sheet and income statement shall be prepared as at the date of determination by a person nominated for its purpose by the parties not in default and shall thereafter be audited by the Auditors. 15.2.2.2 The net assets revealed in such financial statements shall provide the basis of the valuation of the interest in the Joint Venture of the party in default, provided that the profit and loss account shall take into account the valuation of work in progress at the date of preparation of the financial statement. 15.2.3 The parties not in default shall be obliged to prepare and render an account to the party in default which shall share in all profits accrued to and losses borne by the Joint Venture as at the date of termination in proportion to that party’s participation therein as set out in Clause 2.5. 15.2.3.1 The party in default shall and does hereby indemnify the parties not in any default for any losses which it may have sustained or 12. may in the future sustain which arises out of or in connection with the termination of the Joint Venture. 15.2.3.2 The party in default shall not be released from any of its obligations to third persons given in terms of this agreement. 5.2.4 Upon the finalisation of the account referred to in 15.2.3 the party in default shall be liable on demand to pay its proportionate share of any loss sustained by the Joint Venture as at the date of such termination. 15.3 Breach 15.3.1 If a party is of the opinion that another has committed a material breach of the provision of this agreement which shall include but not be limited to poor performance, it shall give written notice thereof to that other party and to the employer / principal. The date of such notice is hereinafter referred to as the “Notice Date”. The matter shall thereafter forthwith be referred to the Executive Committee for a decision as to whether such a breach exists. 15.3.2 Should the Executive Committee not be able to reach a decision as to whether a material breach exists, the matter shall be dealt with as a formal dispute between the PARTNERS and shall be referred to arbitration in terms of Clause 19. 15.3.3 If the said Executive Committee or the arbitrator, as the case may be finds that a material breach has been committed, the defaulting party shall remedy such breach within seven (7) days of such finding, failing which the other parties shall have the right, without prejudice to any other remedy that they may have to declare the Joint Venture terminated with the effect from the Notice Date and the provision of Clause 15.2 shall then apply. 16. SUB-CONTRACT AND SUPPLY CONTRACT Any information or knowledge gained by any party shall remain secret and confidential and shall not be disclosed to any prospective or actual sub-contractor or supplier. 17. ASSIGNMENT / CESSION No party shall without prior written consent of the others and of the Employer / Principal cede any of its rights or assign any of its obligations under this agreement to the Contract. 18. DISSOLUTION Upon substantial completion of the Contract the Joint Venture shall 18.1 Cause all plant, equipment, material and other property belonging to the Joint Venture to be disposed of as provided in Clause 15 and the proceeds thereof credited to the account of the Joint Venture. 13. 18.2 Cause the final account of accounts to be prepared showing the total net profit earned or the loss incurred by the Joint Venture in connection with the Contract and upon such account or accounts being agreed by the PARTNERS, such total net profit (if any) shall be divided between them in proportion to their respective participation in the Joint Venture and the said bank account or accounts shall thereafter be closed after any outstanding balance therein due to any of the partners has been paid. Nothing herein contained shall prevent interim distribution of profits by agreement between the PARTNERS. 19. ARBITRATION PROVISIONS 19.1 Should any dispute or difference arise between the PARTNERS the following procedures shall apply: 19.1.1 A party shall entitled to give written notice to the other PARTNERS and to the EMPLOYER / PRINCIPAL stating that in its view a dispute or difference or deadlock exists and that it requires the provision of this clause to be put into operation, and the matter shall be referred to arbitration and the further provision hereof shall apply. 19.1.2 The arbitrator shall be an independent suitably qualified person agreed upon between the PARTNERS and appointed in terms of Clause 5.7, and failing agreement shall be a practicing Advocate of not less than ten (10) years standing as such, nominated by the Chairman for the time being of the Cape Bar council. 19.1.3 The arbitration shall be held in _____________________. In a summary manner, that is on the basis that it shall not be necessary to observe or carry out the usual formalities or procedure (e.g. there shall not be any pleadings or discovery) or the strict rules of evidence but otherwise subject to the foregoing under the Provisions of the Arbitration Act No 42 of 1965 of the Republic of South Africa, with the intent that arbitration shall be held immediately with a view to it being completed within twenty one (21) business days after it has been demanded. 19.1.4 The arbitrator shall decide the matter submitted to him according to what he considers just and equitable in the circumstances and therefore the strict rules of law shall not be observed for taken into account by him in arriving at his decision. 19.1.5 Any decision given by the arbitrator shall be final and binding upon the PARTNERS, shall be carried into effect by the PARTNERS and may be made an order of any Court of competent jurisdiction if so desired. 19.2 This clause is separable from the rest of the agreement and shall remain in effect notwithstanding its termination. 14. 20. WHOLE AGREEMENT This document contains all of the terms and conditions of this agreement and no alteration or variation thereof shall be of any effect unless reduced into writing and signed by the PARTNERS. 21. ADVERTISEMENTS / CORRESPONDENCE When the subject matter of any advertisement involves another party or the Joint Venture, such advertisements and publications shall make due reference to and acknowledge the work performed by and the interest of the other PARTNERS in the Contract. All correspondence and other forms of written communication must reflect the name of all PARTNERS albeit in an abbreviated form. 22. DOMICILIA CITANDI EXECUTANDI 22.1 For all purposes concerning this agreement and for the fulfillment thereof, the PARTNERS hereby choose domiciluim citandi et executandi which shall be in the Republic of South Africa as follows: ________________________ 22.2.1 All instructions, directions and notices which may be required to be given by a party to any other party shall be addressed to that party’s domicilium and shall be deemed to have been received if dispatched by prepaid registered post four (4) days after posting or if delivered by hand on the date of delivery. 15. THUS DONE AND SIGNED AT ______________ ON THIS _______ DAY OF ________________ 20 ____. AS WITNESSES For and on behalf of 1. _______________________ _____________________ 2. _______________________ THUS DONE AND SIGNED AT ______________ ON THIS ________ DAY OF _________________20 ____. AS WITNESSES For and on behalf of 1. _____________________ ____________________ 2. _____________________ FORMS TO BE COMPLETED BY THE TENDERER 16. POWER OF ATTORNEY ___________________________ REGISTRATION NO._____________ A WRITTEN RESOLUTION PASSED BY THE DIRECTORS OF THE COMPANY ON _____________________ (date) _______________________________________________________________________ RESOLVED THAT _____________________ in his capacity as a _______________________ of the Company be and is hereby authorised to enter into a Joint Venture Agreement with_____________________ _________________ for the construction of__________________________________________ _____________________________________ Tender No. _________. It is further noted that ____________________ will be jointly and severally liable with _______________________ for the execution of the contract. _________________________ FORMS TO BE COMPLETED BY THE TENDERER 17. SPECIAL POWER OF ATTORNEY _______________________________ REGISTRATION NO. ____________ _______________________________ REGISTRATION NO. _____________ A WRITTEN RESOLUTION PASSED BY THE DIRECTORS OF THE JOINT VENTURE COMPANY ON __________________________ (date) _____________________________________________________________________________ RESOLVED THAT ________________ in his capacity as a MEMBER of the Joint Venture be and is hereby authorised to sign all contract documents for the _______________________________________ _____________________________________ Tender No. ______________ to the value of R _______________________________ on behalf of the Joint Venture company. ________________________ FORMS TO BE COMPLETED BY THE TENDERER Example of Joint Venture doc (H)
