DETAILED INVITATION FOR BID
Integrated Township Package for
PB, CB & KD Coal Mining Projects
Bidding Document No. : CS-7010-364-9
SECTION-I (DETAILED IFB)
PAGE
4 OF 6
a) The reference works executed by the Bidder’s group company / subsidiary
company shall not be considered for meeting the qualifying requirements by
the Bidder.
b) Reference work executed by a Bidder as a sub-contractor may also be
considered provided the certificate issued by main contractor is duly certified
by Project Authority specifying the Scope of Work executed by the sub-
contractor in support of qualifying requirements.
c) Reference work executed by the Bidder, as a member of Joint Venture/
Consortium/ Associate can also be considered provided:
The allocation of scope of work between the partners of the Joint Venture/
Consortium/ Associate is clearly defined in the executed JV Agreement and
Bidder’s scope of work and break-up of quantities executed by them as
individual contribution in the Joint Venture/ Consortium/ Associate, duly
authenticated by the Project Authority, meet the relevant provision of
Qualifying Requirement.
6.2.0 Financial Criteria for Qualification:
(a) 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 73.63 Crores
(Indian Rupees Seventy Three Crores Sixty Three Lakhs only).
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
requirement 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.
(b) 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 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%
(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.