f) In clause 1.1 above, Bidder should have constructed entire 8.0m height of embankment
work specified in the qualifying requirements, within the preceding seven (7) years
period, even if the contract has been started earlier and/or is not completed /closed.
g) The “one (1) year period” means any continuous 12 months period. However, for two
(2) concurrent works the same 12 months period shall be considered.
h) In case of works stipulated in 1.2 above, the word “earthwork” shall mean earth/ash.
The quantity of earth work in filling only will be considered for qualification.
i) In clause 1.1 above “Dyke work of maximum height not less than 8.0 m” covers height
of 8 m and/or above 8 m.
2.0) Financial Criteria:
2.1) The average annual turnover of the bidder, in the preceding three financial years as on the
date of Techno-Commercial bid opening shall not be less than Rs. 4732 Lakhs (Rupees Four
Thousand Seven Hundred Thirty-Two Lakhs only.)
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 Subsidiariy (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)
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.