DETAILED NOTICE INVITING TENDER (NIT)
a. Regarding reference work through which bidder is seeking
qualification, Bidder to compulsorily include with their bid a
statement informing the scheduled date and actual date of
completion of reference work.
6.2 Financial criteria:
6.2.1 The average annual turnover of the Bidder, should not be less than
INR 509.64 Lakh (Rupees Five crores Nine lakh Sixty Four Thousand
only) during the preceding three (3) completed financial years as
on the date of techno-commercial bid opening.
6.2.2 In case the bidder does not satisfy the financial criteria, stipulated
at Cl. 6.2.1 above on its own, it’s holding company would be
required to meet the stipulated turnover requirements at Cl. 6.2.1
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 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.
6.2.3 Net worth of bidder shall not be less than 100% of the bidder’s paid
up share capital as on the last day of the preceding financial year.
In case the Bidder meets the requirement of Net worth based on
the strength of its Subsidiary(ies) and/or Holding Company and/or
Subsidiaries 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. 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.
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 their respective paid up share capitals and Y1, Y2, Y3
are individual paid up share capitals.