The word “executed” means the bidder should have achieved the
criterion specified in the Qualifying Requirements, even if the total
contract is not completed/ closed. In case of contracts under
execution as on the date of techno-commercial bid opening, the
quantity of work executed till date will be considered provided the
same is certified by the employer.
Financial Criteria
The average annual turnover of the Bidder, in the preceding three (3) financial years
as on the date of Techno-commercial bid opening, shall not be less than Rs. 2115
Lakhs (Rupees Two thousand one hundred and fifteen Lakhs only).
Net worth of bidder shall not be less than 100% of the bidder’s paid up share capital
as on the last day of the preceding financial year. In case the Bidder meets 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, 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. For
Consortiums/Joint Ventures, wherever applicable, the Net worth of all consortium/
Joint Venture members in combined manner should not be less than 100% of their
paid up share capital. However individually, their Net worth should not be less than
75% 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)x100 where x1, x2, x3 are individual
net worth which shall not be less than 75% of the respective paid up share capitals
and y1, y2, y3 are individual paid up share capitals
In case the bidder is not able to furnish its audited financial statements on standalone
entity basis, the unaudited unconsolidated financial statements of the bidder can be
considered acceptable provided the bidder furnishes the following further documents
on substantiation of its qualification.
•
Copies of the unaudited unconsolidated financial statements of the bidder
along with copies of the audited consolidated financial statements of the
Holding Company.
•
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 report of the
company.
In case 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, Bidder is
not able to submit the Certificate from 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 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