ii) Two orders, each with order quantity of not less than 675 Cum of cement
concrete, for construction of concrete road/RCC road.
OR
iii) Three orders, each with order quantity of not less than 540 Cum of cement
concrete, for construction of concrete road/RCC road.
Note: The word executed/completed means that the bidder should have
achieved the progress specified in the QR even if total contract is not
completed/closed.
Financial Criteria :
10.2 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 ` 447 Lakhs (Four Hundred Forty Seven Lakhs Only).
10.3 In case a Bidder does not satisfy the 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.
10.4 Net Worth of the bidder should not be less than 100% of the bidder's paid up
share capital as on the last day of the preceding financial year on the date of
Techno-commercial bid opening. In case the Bidder meets the requirement of
Net worth based on the strength of its Subsidiary(ies) and/or Holding
Company and/or Subsidiariy(ies) 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 Networth 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.
10.5 Net worth in combined manner shall be calculated as follows:
Net worth (combined) = [(Xl + X2 +X3) / (YI +Y2+Y3) ] X 100 Where XI, X2,
X3 are individual Net worth which should not be less than 75% of the
respective paid up share capitals and YI, Y2 , Y3 are individual paid up share
capitals.