management control of any of these subsidiaries lending strength / experience to the Holding
Company for meeting the requirements of clause 1.1.1 above , the Bidder shall arrange for
separate on demand bank guarantees as per the format enclosed with the bidding documents
from all such entities lending strength / experience to the Holding Company for fulfillment of
requirement of clause 1.1.1, above for an amount aggregating 5 % of the total contract price
of the Flue Gas Desulphurisation System Package divided equally among them, in addition to
the contract performance security to be furnished by the Bidder before the change in
management control actually occurs.
(5) Technology Transfer Agreement (Applicable for Clause 1.2.0, 1.3.0 & 1.4.0)
The technology transfer agreement between the Bidder & QFGDM shall necessarily cover
transfer of technological knowhow for Wet Limestone based Flue Gas Desulphurisation
System in the form of complete transfer of design dossier, design softwares, drawings and
documentation, quality system manuals and imparting relevant personnel training to the
Bidder.
(6) Equity Lock in period
Wherever equity lock in period requirement or subsidiary status requirement is indicated, the
Bidder would be required to furnish along with its techno-commercial bid, a Letter of
Undertaking from the promoter(s), supported by Board Resolution as per the format enclosed
in the bid documents, for maintaining the required minimum equity for the specified lock in
period.
2.0.0 Financial Criteria
2.1.0 Financial Criteria of Bidder
2.1.1 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 INR 2336 Million (Indian
Rupees Two thousand three hundred thirty six 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
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.
2.1.2 Net worth of the bidder should not be less than 100% (hundred percent) of its 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 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.
For Consortiums/Joint Ventures , the Net worth of all Consortium/Joint Venture members in
combined manner should not be less than 100% (hundred percent) of their paid up share