DETAILED INVITATION FOR BID
DEVELOPMENT OF 35 MW SIMHADRI- RAMAGUNDAM (20 MW
AT SIMHADRI POWER PROJECT IN ANDHRA PRADESH AND
15 MW AT RAMAGUNDAM POWER PROJECT IN
TELANGANA)SOLAR PHOTO VOLTAIC PROJECT
BIDDING DOCUMENT NO.: RE-CS-5736/5737-004-9
c. Bidder shall submit certificate of successful completion and operation from the Owner.
d. Projects executed by Bidder’s group company, Holding Company or Subsidiary Company
shall not be considered as Bidder’s experience for meeting the QR.
e. In case the award for the reference works has been received by the Bidder either directly
from owner of plant or any other intermediary organization, a certificate from such owner of
plant or the intermediary organization shall be required to be furnished by the Bidder along
with its techno-commercial bid in support of its claim of meeting requirement stipulated
above. Certificate from owner of the plant shall also be furnished by the Bidder for
successful operation of the reference plant.
f. In case of developer as bidder in clause 1.2 or 1.3, the documentary evidence (certified by
Chartered Accountant) for value of executed reference work must be submitted by the
bidder.
g. Developer means an entity who has either executed or got executed the work/ project as
owner of industrial projects.
h. The execution of industrial project as EPC Contractor under Clause No. 1.3 means, such
EPC Contractor is responsible for all the activities i.e. Design/Engineering, Procurement,
Construction and Commissioning of a project/work.
2.0 FINANCIAL CRITERIA
2.1 The average annual turnover of the Bidder, should not be less than INR 164 Crores (Indian
Rupees one hundred and sixty four Crore 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.
2.2 Net Worth of the Bidder as on the last day of the preceding financial year should not be less
than 100% (hundred percent) of 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 Subsidiaries 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% (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: