4) The value of executed works shall be brought to the current costing level by enhancing the actual value of work done at simple
rate of 7% per annum; calculated from the date of completion to the date of Techno commercial bid opening.
5) Cost of HVAC System and Fire Fighting System if forms part of the reference work, same shall also be considered for arriving at
the cost of the work.
5.2 Financial Criteria:
5.2.1 The Average Annual Turnover of the Bidder, in the preceding Three (3) Financial Years as on the date of Techno commercial
Bid Opening, shall not be less than Rs. 429 Lakhs (Indian Rupees Four Hundred and Twenty Nine Lakhs only).
5.2.2 The Net Worth of Bidder shall not be less than 100% of the bidder#s paid-up share capital as on the last day of the preceding
financial year. In case the Bidder meets 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% 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. For Consortium/ Joint Ventures, wherever applicable, the Net Worth of all consortium/ Joint Venture members in combined
manner should not be less than 100% of their 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 where x1, x2, x3 are individual net worth which shall not be less than
75% of the respective paid up share capitals and y1, y2 and y3 are individual paid up share capitals.
5.2.3 In case the bidder is not able to furnish its audited financial statements on standalone entity basis, the unaudited unconsolidated
financial statements of the bidder can be considered acceptable provided the bidder furnishes the following further documents on
substantiation of its qualification.
# Copies of the unaudited unconsolidated financial statements of the bidder along with copies of the audited consolidated financial
statements of the Holding Company
# A certificate from the CEO/ CFO of the Holding Company as per the format enclosed in the bid documents stating that the
unaudited unconsolidated financial statements form part of the consolidated annual report of the company.
5.2.4 In case where audited result for the last financial year as on date of Techno-Commercial bid opening are not available, the
financial results certified by a practicing Chartered Accountant shall be considered acceptable. In case, bidder is not able to submit the
certificate from practicing Chartered Accountant certifying its financial parameters, the audited results of three consecutive financial
years preceding the last financial year shall be considered for evaluating the financial parameters. Further, a certificate would be
required from the CEO / CFO as per the format enclosed in the bidding documents stating that the financial results of the company are
under audit as on the date of techno-commercial bid opening and that the certificate from the practicing Chartered Accountant
certifying the financial parameters is not available.
#
5.2.5 In case a bidder does not satisfy the financial criteria, stipulated at Cl. 5.2.1 and/ or Cl 5.2.2 above on its own, the holding
company would be required to meet the stipulated turnover requirements at Cl. 5.2.1 above, provided that the net worth of such
holding company as on the last day of the preceding financial year is atleast 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.
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
Sh. Gaurav Saraswat, DGM (C&M)
Ms. Neeti S. Jayaswal, Deputy Mgr. (C&M)
NTPC Limited, Gadarwara STPP,
Tehsil- Gadarwara, Village- Dongargaon, P.O.-Gangai