DETAILED NOTICE INVITING TENDER (NIT)
4. The average annual turnover of the bidder in the preceding three financial
years, as on the date
of
Techno-commercial bid opening shall not be less than INR
70.0
Million
[ Rupees seventy million]
or
equivalent in foreign
currency
.
5. In case the bidder does not satisfy the financial criteria, stipulated at Cl. 4.0
above on its own,
it's
holding company would be required to meet the stipulated
turnover requirements at Cl. 4.0
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 Technical 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.
6. 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
be
considered acceptabl
e
.
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 the Certificate from the practicing Chartered
Accountant
certifying
the financial parameters is not available.
NOTES:
(i)
Other income shall not be considered for arriving at annual
turnover.
(ii) Reference work executed by the bidder's group company/ subsidiary company
shall not
be
considered for
qualification.
8.0
Issuance of Bidding Documents to any bidder shall not construe that bidder is
considered qualified.
9.0
In the evaluation and comparison of bids, NTPC reserves the right to allow purchase
preference to Central Public Sector Enterprises (CPSEs) and joint ventures with CPSEs
as admissible under the existing policy of the Govt. of India.
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.