Collaborator(s) / Associate(s) meeting the requirement under clause (1.1), the Collaborator(s) / Associate(s) should have
carried out the activity of design on their own for the reference systems.
The activity of manufacturing under the 1.1, 1.2 should have been carried out by the bidder or through such
manufacturing agency/agencies which in the past has/have been manufacturing and supplying similar equipment#s.
1.4 Bidder(s) seeking qualification through clause no.1.2 shall furnish undertaking (s) jointly executed by him and his
collaborator(s) / associate(s) for successful performance of the contract as per NTPC format enclosed in the bid document.
The joint deed(s) of undertaking (s) shall be submitted along with the bid, failing which the bidder shall be liable to be
disqualified and his bid liable to be rejected. Further upon award, each JDU will backed up by a Bank Guarantee of 1
% of the total contract value.
2.0 FINANCIAL CRITERIA :
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. 856 Lacs (Indian Rupees Eight Crores & Fifty Six Lakhs
only).
2.2 The Net Worth of the bidder as on the last day of the preceding financial year should not be less than 100% of its
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 capital. For
Consortiums/Joint Ventures, wherever applicable, the Net worth of all consortiums/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.
2.3 In case the bidder is not able to furnish its audited financial statement 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.
a) Copies of unaudited unconsolidated financial statement of the bidder along with copies of audited consolidated financial
statements of the Holding Company.
b) A certificate from the CEO/CFO of the Holding Company, as per format enclosed in the bid documents, stating that
the unaudited unconsolidated financial statements form part of the consolidated Annual Report of the Company.
In case 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 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 Accountant certifying the financial parameters is not
available.
2.4 In case a bidder does not satisfy the financial criteria, stipulated at para 2.1 and/or para 2.2 above on its own, the
Holding Company would be required to meet the stipulated turnover requirements at para 2.1 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
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.
NOTES:
i)Net worth means the sum total of the paid up share capital and free reserves. Free reserve means all reserves credited