DETAILED INVITATION FOR BID
7.2 Financial Criteria for Qualification:
7.2.1 "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.3527 Lakhs. (Rupees
Three thousand five hundred and twenty seven lakhs Only)."
7.2.2 In case a Bidder does not satisfy the annual turnover criteria, stipulated above on its
own, its Holding Company would be required to meet the stipulated turnover requirements as
above, provided that the Net Worth of such Holding Company as on the last day of the preceding
financial year is atleast 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.
7.2.3 Net Worth of the bidder should not be less than 100% of the bidder's paid up share capital
as on the last day of the preceding financial year on the date of Techno-commercial bid opening.
In case the Bidder meets the requirement of Net worth based on the strength of its Subsidiary(ies)
and/or Holding Company and/or Subsidiariy(ies) of its Holding Companies, wherever applicable,
the Net worth of the Bidder and its Subsidiary(ies) and or Holding Comapny 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 Networth should not be less than 75%
of their respective paid up share capitals. For Consortiums/ Joint Ventures, wherever applicable,
the Net worth of 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.
7.2.4 Net worth in combined manner shall be calculated as follows:
Net worth (combined) = [ (X1 + X2 +X3) / (Y1 +Y2+Y3) ] X 100
Where X1, X2, X3 are individual Net worth which should not be less than 75% of the
respective paid up share capitals and Y1, Y2 , Y3 are individual paid up share capitals.
7.2.5 In case the Bidder is not able to furnish its audited financial statements on stand-alone entity
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 the unaudited unconsolidated financial statements of the Bidder along
with copies of the audited consolidated financial statements of its Holding Company.
(ii) 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 Financial Statements of the Holding
Company.
SOUTHERN REGION HEADQUARTERS
BIDDING DOCUMENT NO.: 9900152867
MISCELLANEOUS BUILDINGS PACKAGE OF
TELANGANA STPP PHASE- I
SECTION-I (IFB)
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