DETAILED INVITATION FOR BID
MEJA THERMAL POWER PROJECT
(2X660 MW)
BIDDING DOCUMENT NO.: CS-0360-331(R2)-9
BALANCE WORKS OF ASH DYKE PACKAGE
SECTION-I (IFB)
Associate, duly authenticated by the Project Authority, meet the relevant provisions of
qualifying requirement.
In case the reference work has been executed by the Bidder in an integrated Joint
Venture wherein allocation of scope of work and break-up of quantities between the
partners is not clearly specified in the integrated Joint Venture Agreement, then for
Clause 7.1.2 above, the credit of executed quantities can be claimed by the bidder in the
ratio of bidder’s share in the integrated Joint Venture Agreement, provided the bidder
establishes that it regularly undertakes works as at Clause 7.1.2 above. The executed
works/ quantities by integrated Joint Venture shall be duly authenticated by the Project
Authority. However, the bidder will not be eligible to claim the credit of executed work by
integrated Joint Venture for Clause 7.1.1 above, unless the bidder has individually
executed the work meeting the requirement of Clause 7.1.1 above and which has been
duly authenticated by the Project Authority.
j) Reference work executed by a Bidder as a sub-contractor may also be considered
provided the certificate issued by main contractor is duly certified by Project Authority
specifying the scope of work executed by the sub-contractor in support of qualifying
requirements
7.2 Financial criteria:
7.2.1 The average annual turnover of the Bidder, should not be less than Rs. 624 Millions
(Indian Rupees six hundred twenty Four Millions only) during the preceding three (3)
completed financial years as on date of Techno-Commercial bid opening.
In case a Bidder does not satisfy the 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.
7.2.2 Net worth of the Bidder as on the last day of the preceding financial year (reckoned on the
date of techno-commercial bid opening) should not be less than 100% of the Bidder’s paid
up share capital. In case the Bidder does not satisfy 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 Subsidiary(ies) of its Holding Companies wherever applicable,
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%
of their total paid up share capital. However individually, their Net worth should not be less
than 75% 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