DETAILED NOTICE INVITING TENDER (NIT)
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 288.18 Lakhs (Rupees Two crores Eighty Eight lacs Eighteen
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 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 in substantiation of its qualification.
(i) Copies of the unaudited unconsolidated financial statements
of the bidder along with copies of the audited consolidated
financial statements of the Holding Company.
(ii) A Certificate from the CEO/CFO of the Holding Company, as
per the format enclosed in the bid documents, stating that
the unaudited unconsolidated financial statements form part
of the Consolidated Annual Report of the company.
6.2.4 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 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-