For consortiums/ Joint ventures, where ever applicable, the net worth of all consortiums/ 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 capital.
In case the bidder is not able to furnish its audited financial statement on standalone entity basis, the
unaudited unconsolidated financial statements of the bidder can be considered acceptable provided the
bidder furnishes the following further documents on substantiation of its qualification.
a. Copies of the unaudited unconsolidated financial statement of the bidder along with copies of the
audited consolidated financial statements of the Holding Company
b. A Certificate from the CEO / CFO of the Holding Company, as per format enclosed in the bid
documents, stating that the unaudited unconsolidated financial statement form part of the Consolidated
Annual Report of the company.
In cases where audited results for the last preceding financial year are not available, certification of
financial statements from a practicing Chartered Accountant shall also be considered acceptable. In
case the bidder is not able to submit the certificate from the practicing Charted accountant certifying its
financial parameters, the audited results of three consecutive financial years preceding 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
certificate from the practicing charted accountant certifying the financial parameters is not available.
Notes:
(i) Net worth means the sum total of the paid up share capital and free reserves. Free reserves mean all
reserves credited out of the profits and share premium account but does not include reserves credited
out of the revaluation of the assets, write back of depreciation provision and amalgamation. Further
any debit balance of Profit and Loss account and miscellaneous expenses to the extent not adjusted or
written off, if any, shall be reduced from Reserves and Surplus.
(ii) Other income shall not be considered for arriving at annual turnover.
iii) “Holding Company” and “Subsidiary” shall have the meaning ascribed to them as per Companies
Act of India.
iv) For Turnover indicated in foreign currency, the exchange rate as on seven (7) days prior to the date
of techno-commercial bid opening shall be used.
Qualification requirement ( QR) for Civil Agency:
The following are the Qualifying Requirements for Civil Agency
The bidder or his civil agency should have executed the following works within the preceding
seven (7) years as on the date of techno-commercial bid opening..