DETAILED INVITATION FOR BID
SIPAT SUPER THERMAL POWER PROJECT
STAGE-II (2X500 MW)
BIDDING DOCUMENT NO.: CS-9545-317B-9
FGD CHIMNEY PACKAGE
SECTION-I (IFB)
Notes for clause 6.1.1
i) The word ‘built’ means the Bidder should have achieved the criteria specified in the
qualifying requirements within the preceding seven (7) year period even if the
contract has been started earlier and/or is not completed /closed.
ii) Reference work executed by a Bidder as a sub-contractor may also be considered
provided the certificate issued by main contractor is duly certified by Project
Authority specifying the scope of work executed by the sub-contractor in support of
qualifying requirements.
6.2.0 Financial Criteria:
6.2.1 Financial Criteria for the Bidder
(a) The average annual turnover of the Bidder, in the preceding three (3) financial
years as on the date of Techno-commercial bid opening, should not be less than
Rs. 4737 Lakhs (Indian Rupees Four Thousand Seven Hundred Thirty
Seven Lakhs only).
In case a Bidder does not satisfy the average 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.
(b) Net worth should not be less than 100% (hundred percent) of the bidder’s paid
up share capital as on the last day of the preceding financial year as on the date
of techno-commercial bid opening. In case the Bidder does not meet the Net
worth criteria on its own, it can meet 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. In such a case, however 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% (hundred percent) of their total paid up share capital. However
individually, their Net worth should not be less than 75% (seventy five percent)
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