DETAILED INVITATION FOR
BID
2.2 The Net Worth of the Bidder as on the last day of the preceding financial year shall not be
less than 100% of the paid-up share capital. 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
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.
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 capitals
2.3 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 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 the bidder is 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
Note:
i) Other income shall not be considered for arriving at annual turnover.
ii) 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 expenses to the extent not adjusted or written off,
if any, shall be reduced from reserves and surplus.
8.0 NTPC reserves the right to reject any or all bids or cancel / withdraw the Invitation for
Bids
without assigning any reason whatsoever and in such case no Bidder / intending
Bidder
shall have
any claim arising out of such
action.
9.0 Prospective Bidders from U.P. State are compulsorily required to provide TIN number at
the
time of purchase of bidding documents from office of
NTPC.
KHARGONE SUPER THERMAL POWER PROJECT
NIT NO.: 9900153366
CONSTRUCTION OF 48 UNITS IN 04 BLOCKS (G+2)
OF “A” & 06 NOS. IN 01 BLOCK (G+2) OF “B” TYPE
QUARTERS FOR CISF COLONY AT NTPC KHARONE
SUPER THERMAL POWER PROJECT, (2 X 660 MW)
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