DETAILED NOTICE INVITING TENDER (NIT)
7.4.3 In case a bidder does not satisfy the financial criteria, stipulated at Cl.
5.4.1 above on its own, the holding company would be required to meet
the stipulated turnover requirements at Cl. 5.4.1 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 bid, a Letter of Undertaking from the holding
company, supported by 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.
NOTES:
(i) Net worth means the sum total of the paid up share capital and free
reserves. Free reserves 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
account and miscellaneous expenses to the extent not adjusted or
written off, if any, shall be reduced from reserves and surplus.
(ii) Other income shall not be considered for arriving at annual turnover.
Notwithstanding anything stated above, the Employer reserves the right to
assess the capabilities and capacity of the Bidder/his collaborators/
associates/ subsidiaries/group companies as the case may be to perform
the contract, should the circumstances warrant such assessment in the
overall interest of the Employer.
8.0 Issuance of Bidding Documents to any bidder shall not construe that bidder is
considered qualified.
9.0 NTPC reserves the right to reject any or all bids or cancel/withdraw the NIT for
the subject package without assigning any reason whatsoever and in such case
no bidder/intending bidder shall have any claim arising out of such action.
10.0 Address for communication:
Additional General Manager/ Deputy Manager (Contracts & Materials)
NTPC Limited, Western Region -I Headquarters,
2nd Floor, Samruddhi Venture Park,
MIDC, Marol, Andheri (E),
Mumbai- 400 093 (India)
Fax No. : 0091-22~28348334 /Tel. No. : 0091-22-28206655
11.0 REGARDING TENDER FEES (This is in continuation of al. No. 4 above) :