DETAILED INVITATION FOR BIDS
FGUTPS, Stage-I (2X210 MW)
Bidding Document No. CS-1420(R&M-MG)-206A-9
REPLACEMENT OF LT MCC PACKAGE
6.1.2.3 Bidder shall Associate/Collaborate with a manufacturer who meets the requirements stipulated
in Route 1. In such a case, Bidder should furnish a Deed of Joint Undertaking executed by
Bidder and its Associate/Collaborator as per the format enclosed with the bidding document in
which the Bidder and its Associate/Collaborator are jointly and severally liable to the Employer
for successful performance of the LT Switchgears under this package. This Deed of Joint
Undertaking should be submitted along with the Techno-Commercial bid, failing which the
Bidder shall be disqualified and its bid shall be rejected. In case of award, the
Associate/Collaborator of the Bidder will be required to furnish on-demand Bank Guarantee for
5% (five percent) of the total contract price excluding taxes & duties in addition to the Contract
Performance Security to be furnished by the Bidder.
NOTE FOR CLAUSE 6.1.0:
Each Single Front Panel shall be counted as one (1) Panel, Double Front Panel as one (1) Panel
and Air Circuit Breaker Panel as one (1) Panel.
6.2.0 Financial Criteria:
6.2.1 Financial Criteria for Bidder
a) 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 ₹ 35 Million (Indian Rupees
Thirty Five Million 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 with the bid documents, pledging unconditional and
irrevocable financial support for the execution of the Contract by the Bidder in case of award.
b) The Net worth of the Bidder as on the last day of the preceding financial year should not be less
than 100% (hundred percent) of its 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 Subsidiaries of its Holding company
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.
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.
c) In case the Bidder is not able to furnish its audited financial statements on stand-alone entity
basis, the unaudited unconsolidated financial statements of the Bidder can be considered
acceptable provided the Bidder further furnishes the following documents for substantiation of
its qualification:
(i) Copies of the unaudited unconsolidated financial statements of the Bidder along with copies of
the audited consolidated financial statements of its Holding Company.