ii)
The work completed by the bidder in the preceding seven (7) years reckoned as on the
the date of Techno-commercial bid opening will also be considered as meeting the
qualifying requirements even if it has been started earlier.
iii)
The word “electrical works” means supply, erection, testing and commissioning of 33
KV or higher voltage substation.
6.2.0 Financial Criteria for Qualification:
6.2.1 The average annual turnover of the bidder, in preceding three (3) financial years as on
the date of Techno-commercial bid opening, should not be less than INR 228.60 Lacs.
In case a bidder does not satisfy the average annual turnover criteria, stipulated above
as 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 preceding financial year is at least equal to or more than the paid up share
capital of Holding Company. In such an event, the Bidder would be required to furnish
along with its Techno-commercial bid, a letter of Undertaking from 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 execution of the Contract by the bidder in the case of award.
6
.2.2 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 further furnish the following documents for
substation of its qualification:
i)
Copies of unaudited unconsolidated statements of the bidder along with copies of
the audited consolidated statements of its Holding Company.
ii)
A certificate from the CEO/CFO of the Holding Company, as per the format
enclosed with the bidding documents stating that the unaudited unconsolidated
financial statements form part of the consolidated financial statements of the
Holding Company
In cases 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 result of three consecutive financial years proceeding 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 certificates from the practicing
Chartered Accountant certifying the financial parameters is not available.
PB, CB & KD Coal Mining Projects Supply of Balance Materials and Complete
NIT NO. : 9900164089
Erection, Testing and Commissioning work for Page 3 of 4
33/11/0.4 KV Substation at PBCMP, Hazaribag
SECTION-I (Detailed IFB)