IDOT NEWSFLASH (January 8, 2008):
NEW REQUIREMENT: DISCLOSURE OF BUSINESS
OPERATIONS IN IRAN
Beginning with the January 16,
2008 Letting, each bid submitted to the Department of Transportation must
include a Disclosure of Business Operations in Iran.
The disclosure is found at paragraph M of the proposal contract.
If one of the statements is not
checked the bid will be considered not responsive and will
not
be read.
If you have any questions please
feel free to contact Jim Duncan at 217-782-7806.
The following is Paragraph
M for your information only.
Public Act 95-0616 provides that each bid, offer,
or proposal submitted for a State contract shall include a disclosure of whether
or not the Company
acting as the bidder, offeror, or proposing entity, or any of its corporate
parents or subsidiaries, within the 24 months before submission
of the bid, offer, or proposal had business operations that involved contracts
with or provision of supplies or services to the Government
of Iran, companies in which the Government of Iran has any direct or indirect
equity share, consortiums or projects commissioned by
the Government of Iran, or companies involved in consortiums or projects
commissioned by the Government of Iran and either of the following
conditions apply:
(1) More than 10% of the Company's
revenues produced in or assets located in Iran involve oil-related
activities or mineral-extraction activities;
less than 75% of the Company's revenues produced in or assets located in
Iran involve contracts with or provision of oil-related or
mineral-extraction products or services to the Government of Iran or a
project or consortium created exclusively by that government; and
the Company has failed to take substantial action.
(2) The Company has, on or after August
5, 1996, made an investment of $20 million or more, or any combination
of investments of at least $10
million each that in the aggregate equals or exceeds $20 million in any
12-month period, which directly or significantly contributes to the
enhancement of Iran's ability to develop petroleum resources of Iran. The
terms “Business operations”, “Company”, “Mineral-extraction activities”,
“Oil-related activities”, “Petroleum resources”, and “Substantial action”
are all defined in the Act.
Failure to make the disclosure required by the
Act shall cause the bid, offer or proposal to be considered not responsive. The
disclosure will be considered
when evaluating the bid, offer, or proposal or awarding the contract. The name
of each Company disclosed as doing business or having
done business in Iran will be provided to the State Comptroller.
Check the appropriate statement:
/___/ Company has no business operations in Iran
to disclose.
/___/ Company has business operations in Iran as
disclosed the attached document.
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