INVITATION FOR BIDS (IFB)
OR
iii) Three similar completed/executed works each costing not less than ₹ 32.20
lakhs.
Similar work means “Supply, Erection and Commissioning of 20 meters or higher
size Lighting Masts”
2
.
.
The average annual turnover of the bidder in the preceding three (03) financial years
as on the date of Techno-commercial bid opening, shall not be less than Rs 80.5 Lakhs
(
Indian Rupees Eighty lakhs and Fifty Thousand only).
3
In case bidder does not satisfy the financial criteria, stipulated at Cl. B (2) above on its
own, its holding company would be required to meet the stipulated turnover
requirements at Cl. B (2) above, provided that the net worth of such holding company
as on the last date 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, bidder would be
required to furnish along with its bid, a letter of Undertaking from the holding company,
supported by Board resolution of the Holding company, as per the format enclosed in
the bidding documents, pledging unconditional and irrevocable financial support for the
execution of the Contract by the bidder in case of award.
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 the 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
certificates from the practicing Chartered Accountant certifying the financial
parameters is not available.
5.
In case the bidder is not able to furnish it’s audited financial statements on
standalone entity basis, the un-audited unconsolidated financial statements of the
bidder can be considered acceptable provided the bidder further furnishes the
following documents for substantiation of its qualification.
a.
b.
Copies of the un-audited 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 bidding documents, stating that the un-audited unconsolidated
financial statements from part of the Consolidated Financial Statements of the
Holding Company.
6.
The bidder should have a separate valid PF Registration with Regional Provident
Fund Commissioner, GST registration number and PAN Number.
Notes:
Other income shall not be considered for arriving at annual turnover.
1.
HYDRO REGION HEADQUARTER
4X200 MW)
BIDDING DOCUMENT NO.: 1056/HRHQ/C&M/RC-003
SECTION-I (IFB)
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