Bid Security in a separate sealed envelope is not received then online Bid shall be rejected
by Owner as being non-responsive and shall not be opened.
Tender Fee and Bid Security exemption shall not be entertained for any MSE registration
certificate (DIC, Udyog Aadhar, NSIC, KVIC etc.).
6.0 QUALIFYING REQUIREMENT FOR BIDDERS
In addition to satisfactory fulfilment of the Qualifying requirements stipulated in Section – ITB
(Instructions to Bidders) of Bid documents, the following shall also apply:
6.1 Technical Criteria
6.1.1 The bidder should have executed within the preceding seven (7) years reckoned as on the date of
Techno-commercial bid opening, works comprising RCC framed Residential/ Commercial/ Industrial
building meeting the following criteria.
a. Single order of value not less than Rs. 1503 Lakhs.
OR
b. Two orders of value not less than Rs. 940 Lakhs each
OR
c. Three orders of value not less than Rs. 752 Lakhs each.
6.2 Financial Criteria:
6.2.1 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 Rs.1503 Lakhs (Rupees One Thousand
Five Hundred Three Lakhs only).
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.
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 Net worth should not be less than 75% 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.