Page 9 of 10
In cases where audited results for the last financial year as on the date of 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 a 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.
Notes for clause 9.2.0
i. Net worth means the sum total of the paid up share capital and free reserve.
Free reserve means all reserves credited put 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 Company" shall have the meaning
ascribed to them as per Companies Act of India.
10.0 Notwithstanding anything stated above, the Employer reserves the right to undertake
a physical assessment of the capacity and capabilities including financial capacity and
capability of the Bidder / his Collaborator(s) / Associate(s) / Subsidiary(ies) / Group
Company(ies) to perform the Contract, should the circumstances warrant such
assessment in the overall interest of the Employer.
The physical assessment shall include but not be limited to the assessment of the
office/facilities/banker’s/reference works by the Employer. A negative determination of
such assessment of capacity and capabilities may result in the rejection of the Bid.
The above right to undertake the physical assessment shall be applicable for the
qualifying requirements stipulated in the bidding documents.
Bidders are allowed to download the complete set of bidding documents for the bidding
purposes DD/BC without making any payment. The cost of the bidding documents in
form of Demand Draft (DD)/ Banker’s Cheque (BC) shall be submitted physically along
with other documents (to be submitted in physical form). In case tender fee not
received in accordance with the aforesaid provisions, the bid shall not be opened and
shall be rejected by the Employer.
11.0 NTPC reserves the right to reject any or all bids or cancel / withdraw the NIT for the
subject package without assigning any reason whatsoever and in such case no bidder
/ intending bidder shall have any claim arising out of such action.