New Delhi, Feb 16:
The Indian Cricket Board has incorporated strict guidelines in their 19-page ‘Request For Proposals’ (RFP) from interested companies that will stage 8 opening ceremonies during the first match of all the eight franchises including the closing ceremony in Hyderabad.
To maintain the transparency and probity that has always been questioned during all editions of the IPL, the new guidelines require the interested parties to be companies with Rs 30 crore annual turnover, ready to pay bank guarantee of 35 percent and with no criminal record.
After the Committee of Administrators (COA) took over, the stress has been on transparency and the first steps towards attaining that is being taken after the issuing of RFP.
The Board has made it clear that the contract will only be given to companies with expertise in Event Management.
The successful interested party has to bear all costs of hosting 8 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. (PTI)