IFB NO PAN NTPC TRANSPORTATION RC 2017-19
SECTION I - (IFB)
PAGE
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•
• Note :
• i) The word “Executed” means the bidder should have achieved the criteria
specified even if the total contract is not completed /closed.
• ii) In case, order(s) is/are under execution, the value of works executed till the
date of opening of techno-commercial bid as certified by the client shall be
considered
2.0 Financial criteria
2.1 Financial criteria of Bidder
The average annual turnover of the Bidder, in the preceding three (3) financial years as on
date of Techno-Commercial bid opening, should not be less than INR 12.5 crores .(Rupees
Twelve crore fifty lacs only)
In case a Bidder does not satisfy the average annual turnover criteria, stipulated above on its
own, its Holding Company would be required to meet the stipulated turnover requirements as
above, provided that the Net Worth of such Holding Company as on the last day of the
preceding financial year is at least equal to or more than the paid –up share capital of the
Holding Company. In such an event, the Bidder would be required to furnish along with its
Techno-Commercial Bid, a letter of undertaking from the Holding Company, supported by the
Holding Company’s Board Resolution, as per the format enclosed in the bid documents,
pledging unconditional and irrevocable financial support for the execution of the Contract by
the Bidder in case of award.
Net worth of the Bidder should not be less than 100% (hundred percent) of it’s paid up share
capital as on the last day of the preceding financial year on the date of Techno-Commercial
bid opening. In case the Bidder does not meet the Net Worth criteria on its own, it can meet
the requirement of Net Worth based on the strength of its Subsidiary(ies) and/or Holding
Company and/or Subsidiaries of its Holding Companies wherever applicable. In such case,
the Net worth of the Bidder and its Subsidiary(ies) and /or Holding Company and/or
subsidiary(ies) of the Holding Company, in combined manner should not be less than
100%(hundred percent) of their total paid up share capital. However individually, their Net
worth should not be less than 75% (seventy five percent) of their respective paid up share
capitals. For a Consortium/Joint Venture, Net worth of all Consortium/Joint Venture members
in combined manner should not be less than 100% (hundred percent) of their paid up share
capital however individually, their Net worth should not be less than 75% (seventy five
percent) of their respective paid up share capitals.
Net worth in combined manner shall be calculated as follows:
Net worth (combined) = (X1+X2+X3)/(Y1+Y2+Y3) X 100
Where X1, X2,X3 are individual Net worth which should not be less than 75% of the
respective paid up share capitals and Y1,Y2,Y3 are individual paid up share capitals
Note:
(i) Net worth means the sum total of the paid up share capital and free reserves. Free
reserve means all reserves credited out of the profits and share premium account but
does not include reserves credited out of the revaluation of the assets, write back of
depreciation provision and amalgamation. Further any debit balance of Profit and loss