DETAILED INVITATION FOR BID
contract price in addition to the contract performance security to be furnished by the
Bidder.
Notes:-
a) "Design by itself' means that the tower(s) of reference plant must have been
designed by the bidder's own engineers. Tower(s) designed by
consultant/collaborator/associate of the bidder shall not be considered.
2
2
2
.0
Financial Criteria
.1
Financial Criteria of Bidder
.1.1 The average annual turnover of the Bidder, in the preceding three (3) financial
years as on the date of techno-commercial bid opening, should not be less than
INR 62 Million (Rupees Sixty Two Millions only) or in equivalent foreign
currency.
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 requirements 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.
2
.1. 2 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 does not meet the Net worth criteria on its own, it can meet 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. In such a case, however 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
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.
RIHAND SUPER THERMAL POWER PROJECT
STAGE-III (2X500 MW)
AUGMENTATION / MODIFICATION WORKS OF ONE
COOLING TOWER PACKAGE
Page
4 of 6
BIDDING DOCUMENT NO.: CS-1240-135B-9
SECTION-I (IFB)