Note:
1.1 The word “executed” means the bidder should have achieved the criteria
specified even if the total contract is not completed / closed. However, the supply
of Network Equipment (switch or router) must be included in the work executed
as per client certificate.
1.2 In case of orders under execution, the value of work executed till the date of
techno-commercial bid opening as certified by the Employer shall be considered.
However, the supply of Network Equipment (switch or router) must be included in
the work executed as per client certificate.
7.3 Financial Criteria:
7.3.1 The average annual turnover of the bidder in the preceding three (03) financial
years as on the date of Techno-Commercial bid opening should not be less than
Rs. 52 lakh (Rupees Fifty Two lakh only).
7.3.2 In case the Bidder is not able to furnish its 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 on substantiation of its qualification:
a) Copies of the un-audited unconsolidated financial statements of the Bidder
along with copies of the audited consolidated financial statements of its Holding
Company.
b) 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 form part of the Consolidated Annual Report of the
Company.
In case where audited results for the last preceding financial year as on the date
of opening of Techno commercial bid are not available, certification of financial
statements from a practicing Chartered Accountant shall also 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
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 Certificate from the practicing
Chartered Accountant certifying the financial parameters is not available.
7.3.3 In case a Bidder does not satisfy the financial criteria, stipulated at Clause 7.3.1
and 7.3.2 above on its own, its Holding Company would be required to meet the
stipulated turnover requirements at Clause 7.3.1 and 7.3.2 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