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VILLAGE-CHHAPORA, PO/PS-PUSSORE
RAIGARH Chhattisgarh- 496440, India
(Contracts & Materials Department)
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Balance Critical
Structural
works
of Unit#2 of main
plant & offsite
Civil works Package
of NTPC Lara,
Stage-I(2x800 MW)
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0 TECHNICAL CRITERIA:
The bidder should have executed the work of fabrication and erection of structural works as per the following within
the preceding seven(7) years reckoned as on the date of Techno-commercial bid opening having:.
i) Executed value not less than
Rs 499 Lakh in a Single Contract
.
OR
ii) Executed value not less than
Rs 312 Lakh in Two Contracts each
.
OR
iii) Executed value not less than
Rs 249 Lakh in Three Contracts each.
Note:
The word “executed” means the bidder should have achieved the criterion specified in the
Qualifying Requirements, even if the total contract is not completed/ closed. In case of contracts under
execution as on date of techno-commercial bid opening, the quantity of work executed till date will be
considered provided the same is certified by the employer.
2. 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. 623 Lakhs/-
(Rupees Six Hundred and Twenty-Three Lakhs Only).
2.2 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
Page 9 of 40
should not be less than 75% of their respective paid up share capitals. For consortiums/Joint
Ventures, wherever applicable, the Net worth 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)x100 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, y3 are
individual paid up share capital.
2.3 In case the bidder in 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.
2.4 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 in 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 evaluation the financial
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.
2.5 In case a bidder does not satisfy the financial criteria, stipulated at Cl. 2.1 and/ or Cl.2.2 above on
its own, the holding company would be required to meet the stipulated turnover requirements at
Cl. 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.
Note: - (i) Net worth means the sum total of the paid up share capital and free reserves. Free reserve means
all reserves credited out of the profits and share premium account but does not include reserves
credited out of the revaluation of the assets, write back of depreciation provision and amalgamation.
Further any debit balance of Profit and Loss account and miscellaneous expense to the extent not
adjusted or written off, if any, shall be reduced from reserves and surplus.
(ii) Other income shall not be considered for arriving at annual turnover.
Page 10 of 40
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