02. (a) Average annual financial turnover of the bidder during preceding three (03) financial years
prior to the date of techno-commercial bid opening shall not be less than Rs. 77.96 Lakhs.
(b) In case the Bidder is not able to furnish its audited financial statements on stand-alone entity
basis, the unaudited unconsolidated financial statements of the Bidder can be considered
acceptable provided the Bidder further furnishes the following documents for substantiation of
its qualification.
i) Copies of unaudited unconsolidated financial statements of the Bidder along with copies of
audited consolidated financial statements of its Holding company.
ii) A certificate from the CEO/CFO of the Holding company, as per the format enclosed with the
bidding documents stating that the unaudited unconsolidated financial statements form part of
the Consolidated Financial Statements of the company
In cases where audited results for the last financial year as on the date of the 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 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 that financial parameters is not
available.
Notes:
(a) The word “executed” mentioned in clause 01 means that the bidder should have achieved the
criteria specified in clause 01 with ANY of the following conditions:
Case-I: The work/order is started earlier (prior to the period stipulated in Clause-01) but
completed within the stipulated period as mentioned in clause 01. In such cases,
entire executed value of the relevant work vide that work order shall be considered
for evaluation.
Case-II: The work/order is started and completed within the stipulated period as
mentioned in clause 01.
Case-III: The work/order is started within the stipulated period as mentioned in clause 01 but
not completed as on the last date of stipulated period. In such cases, “In Progress”
executed value of the relevant work vide that work order as on the last date of
stipulated period, shall be considered for evaluation.
Remarks: (i) Any of the above cases as mentioned in Note - (a) and satisfactory operation as
mentioned in clause - 01 shall be supported by documentary evidence issued
by the owner.
(ii) In case of composite work/BOQ, the bidder shall have to furnish Certificate
from owner certifying the value of specific nature of work, as mentioned at
Clause-01.
.
(b) Other income shall not be considered for arriving at annual turnover.
(c) “Holding Company” shall have the meaning ascribed to it as per Companies Act of India