DETAILED INVITATION FOR BIDS
RAMAGUNDAM STPS, Stage-I (3X200MW)
Bidding Document No. CS-3120(R&M-
MG)-103B-9
R&M AND UPRATING OF AUXILIARIES AND RELATED BOILER
WORKS STAGE-I (3X200MW) UNITS OF RAMAGUNDAM STPS
SECTION - I (IFB)
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or more than the paid-up share capital of the Holding Company. In such an event, the
Collaborator/Associate would be required to furnish along with bidder's Techno-
Commercial bid, a Letter of Undertaking from its Holding Company, supported by
Board Resolution of the Holding Company, as per the format enclosed with the bidding
documents, pledging unconditional and irrevocable financial support to the
Collaborator/Associate to honour the terms and conditions of the Deed of Joint
Undertaking in case of award of the Contract to the Bidder with whom
Collaborator/Associate is associated.
(b) The Net Worth of each Collaborator/Associate, as on the last day of the preceding
financial year as on the date of Techno-commercial bid opening should not be less
than 100% (hundred percent) of its paid-up share capital. In case the
Collaborator/Associate 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 Subsidiaries of its Holding company wherever applicable. In such a
case, however the Net worth of the Collaborator/Associate 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
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.
(c) In case the Collaborator/Associate is not able to furnish its audited financial statements
on standalone entity basis, the unaudited unconsolidated financial statements of the
Collaborator/Associate can be considered acceptable provided the
Collaborator/Associate further furnishes the following documents for substantiation of
its qualification:
i) Copies of the unaudited unconsolidated financial statements of the
Collaborator/Associate, along with copies of the audited consolidated financial
statements of the Holding Company of Collaborator/Associate.
ii) A Certificate from the CEO/CFO of the Holding Company, as per the format
enclosed with the bidding documents, stating that the unaudited unconsolidated
financial statements form part of the consolidated financial statements of the
Holding Company of Collaborator/Associate.
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, Collaborator/Associate
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 of the
Collaborator/Associate 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.