INVITATION FOR BIDS (IFB)
SIMHADRI STPS (4 X 500 MW)
3
2.2
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 atleast 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.
2.3 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
Subsidiary(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.
2.4 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.
2.5
2.6
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 the unaudited unconsolidated financial statements of the Bidder along with copies of the
audited consolidated financial statements of its 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 Financial Statements of the Holding Company.
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 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.
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Notes:
Other income shall not be considered for arriving at annual turnover.
The word "executed" means; bidder should have achieved the criteria specified in the qualifying
requirements in the preceding seven(07) year period even if the contract has been started earlier and / or is
not completed/closed.
The word "tie-up" in 1.2.2 & 1.3.2 means.
The bidder should submit consent letter from MCU manufacturer for providing supervision/technical
support during execution of the work and supply of MCU paint as per NTPC tender document to the bidder.
Further, bidder has to furnish documentary proof in respect of manufacturer of Moisture Cured
Urethane(MCU)
The word "tie-up" in 1.1.3 & 1.3.3 means
The bidder should submit consent letter from applicator that the applicator shall execute the subject work as
per NTPC tender document No.9900170776.