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 unaudited unconsolidated financial statements of the bidder along with copies of the
audited consolidated financial statements of the Holding Company.
ii) A certificate from the CEO/CFO of the Holding Company, as per the format enclosed in the
bidding documents, stating that the unaudited unconsolidated financial statements form
part of the consolidated financial statements of the Holding Company.
In cases where audited results for the last financial year as on the date of Techno Commercial bid
opening are not available, the financial results certified by a practicing Chartered Accountant shall
also be considered acceptable. In case, bidder is not able to submit the certificate from a 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 the Certificate from the practicing Chartered Account certifying
that the financial parameters are not available
NOTES:
01. The word “executed” mentioned in clause 5.2 means that the bidder should have achieved the
specified criteria with any of the following conditions:
i) The work / order is started earlier to the stipulated period, but completed within the
stipulated period. In such cases, entire executed quantity/ value of the relevant work
vide that work order shall be considered for evaluation.
ii) The work / order is started and completed within the stipulated period. In such cases,
entire executed quantity/ value of the relevant work vide that work order shall be
considered for evaluation.
iii) The work/order is started within the stipulated period but not completed as on the last
date of stipulated period. In such cases, “In Progress” executed quantity/ value of the
relevant work vide that work order as on the last date of stipulated period, shall be
considered for evaluation.
02. I) Certificate and other documentary evidence (Purchase Order copy/ O&M work order copy
etc.) from owner of the plant or order placement agency shall be required to be furnished by
the bidder in support of the claim of meeting the qualification requirement as per clause 5.1 &
5.2.
II) Execution/ Performance certificates/ Commissioning reports, any of the conditions
mentioned in Notes (01), shall be supported by documentary evidence issued by the owner.
03.Other income shall not be considered for arriving at annual turnover.
04.“Holding Company” shall have the meaning ascribed to it as per Companies Act of India.