2 of 4
Price Bid Opening Date & Time shall be intimated separately
Cost of Bidding Documents in INR Rs. 11,250/-
Last Query date 25.03.2019 up to 18:00 hrs
5.0 All bids must be accompanied by Bid Security for an amount of Rs. 50,00,000/- (Rupees Fifty Lakh
Only). ANY BID NOT ACCOMPANIED BY AN ACCEPTABLE BID SECURITY IN A SEPARATE
SEALED ENVELOPE SHALL BE REJECTED AS BEING NON-RESPONSIVE AND RETURNED
TO THE BIDDERS WITHOUT BEING OPENED.
6.0 QUALIFYING REQUIREMENTS FOR BIDDERS:
6.1.0 In addition to the satisfactory fulfillment of the requirements stipulated in Section ITB
(Instructions to Bidders) the following shall also apply:-
6.1.1 The Bidder should have designed, constructed/erected, tested and commissioned at least
one (1) Air insulated substation/switchyard of 33kV or above voltage class having at least
five (05) bays which should have been in successful operation for minimum two (2) years
prior to the date of Techno-Commercial bid opening.
Note: -
(1) For the purpose of qualifying requirement, one no. of bay shall be considered as a bay used
for Line/Transformer/Reactor/Bus coupler/Bus transfer/Bus section and comprising of at
least one Circuit Breaker, two (2) Disconnectors and three single phase Current
transformers.
6.2.0 Financial Criteria:
6.2.1 Financial Criteria of 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 246 million (Indian Rupees two
hundred forty six millions only) or in equivalent foreign currency.
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 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 alongwith 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. In case the Bidder meets requirement of Net worth
based on the strength of its Subsidiary(ies) and/or Holding Company and/or Subsidiaries 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% (hundred percent) of their 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.