The bidder should have executed the following works within the preceding Seven (7) years
reckoned as on the date of bid opening (Techno-Commercial bids):
i) A cumulative progress of at least 2,00,000 Cu.M. of Earthwork in filling involving
mechanical compaction in any continuous Six (6) months time period in one or
maximum two concurrently running contracts.
And
ii) A cumulative progress of at least 14,000 Cu.M. of Cement Concrete Work in any one
(1) year in one or maximum two concurrently running contracts.
7.2.0 Financial Criteria for Qualification:
a) The average annual turnover of the Bidder should not be less than INR 317
Millions (Indian Rupees Three Hundred Seventeen Millions only) during the
preceding three (3) completed financial years as on the date of Techno-
Commercial bid opening.
In case a Bidder does not satisfy the average annual turnover criteria, stipulated
above on its own, its Holding Company would be required to meet the stipulated
turnover requirement as 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 Techno-
Commercial bid, a Letter of Undertaking from the Holding Company, supported
by the Holding Company's 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.
b) Net worth should not be less than 100% (hundred percent) 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% (hundred percent)
of their total paid up share capital. However, individually, their Net worth should
not be less than 75% (seventy five percent) 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