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activity of design and engineering for the reference systems should have
been carried out by them.
7.1.4 Bidder seeking qualification through Clause No. (7.1.2) shall furnish
undertaking jointly executed by him and his collaborator/associate for
successful performance of the relevant system of the contract as per
Employer's format enclosed in the bidding document. The deed of joint
undertaking shall be submitted along with the techno commercial bid, failing
which the bidder shall be disqualified and his bid shall be rejected. Further, in
case of award, the Bidder's associate/collaborator will be required to furnish
an on demand bank guarantee of 1% (one percent) of the total contract price
in addition to the contract performance security to be provided by the Bidder.
7.2.0 Financial Criteria of Bidder:
7.2.1 The average annual turnover of the Bidder, in the preceding three (3)
financial years as on the date of techno-commercial bid opening, should not
be less than Rs. 353 Million (Rupees Three Hundred and Fifty Three
Million only) or in equivalent foreign currency
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 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.
7.2.2 The Net worth of the bidder should not be less than 100% (hundred percent)
of the bidder's paid up share capital as on the last day of the preceding
financial year. 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 a case, however 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 Consortiums/Joint Ventures, if permitted under technical criteria for
qualification under clause 7.1.0 above, the Net worth of all consortiums/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.