INVITATION FOR BID
FIXED INTERIOR (INTERIOR
FINISHING) WORKS FOR PHASE II,
NETRA COMPLEX,G.Noida
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2.0 Financial Criteria for Qualification:
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 INR 558.62 Lakhs
(Indian Rupees Five Crores Fifty Eight Lakhs Sixty Two Thousands 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 requirement 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. 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 Subsidiaries 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
Where X1 , X2 , X3 are individual Net worth which should not less than 75% of the respective
paid up share capitals and Y1 , Y2 , Y3 are individual paid up share capitals.
c) In case the Bidder is not able to furnish its audited financial statements on standalone entity
basis, the unaudited unconsolidated financial statement of the Bidder can be considered
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.
5 “Interior Finishing works” shall mean works like Floor finishing, False ceiling ,Wall finishes,
Audio system, stage lighting, Video projection, Acoustical finishes, fixed partition and
Auditorium chairs. If the bidder has executed any 4 of the above 9 attributes in the reference
work, the reference work shall be considered as qualifying work.
6 In case the reference work of the bidder also includes the civil & structural works of the
building in bidder’s scope in addition to “interior finishing work”, qualifying works cost shall be
excluding the cost of such civil & structural works of the building. Bidder shall submit
documentary evidence in support, giving cost breakup of the reference work.