5
quantity of work executed till date will be considered provided the same is certified by
the employer.
e) The one (1) year period means any continuous 12 months period, however, for
concurrent works the same 12 months period shall be considered.
f) In case of works stipulated in 5.1.1(ii) above, the word “earthwork” shall mean
earth/ash.
g) Regarding reference work through which bidder is seeking qualification, Bidder to
compulsorily include with their bid a statement informing the scheduled date and
actual date of completion of reference work.
5
5
.2
.2.1
Financial Criteria
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. 920 Lakhs
(
Rupees Nine Hundred and Twenty Lakhs only).
5
.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 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.
5
.2.3
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.
5
.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 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
IFB
[
Bidding Doc. No: 9900162695
Section-I
