Invitation to Bid / Notice Inviting Tender Domestic Competitive Bidding
Ref. No. MUNPL/C&M/Contracts/NIT/19-20/10 Date: 30.04.2019
(d) 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 company.
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, Bidder 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 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.
NOTES FOR CLAUSE 2 ABOVE:
(i) Net worth means the sum total of the paid up share capital and free
reserves. Free reserves means all reserves credited out of the profits
and share premium account but does not include reserves credited
out of the revaluation of the assets, write back of depreciation
provision and amalgamation. Further any debit balance of Profit and
Loss account and miscellaneous expenses to the extent not adjusted
or written off, if any, shall be reduced from reserves and surplus.
(ii) Other income shall not be considered for arriving at annual turnover.
3.0 The reference works whose details have been declared as per the
specified format in the relevant schedule of Information Questionnaire
shall only be considered to ascertain the bidder's compliance to the
specified qualifying Requirement (QR). Bidders wishing to provide
additional reference works are required to declare the same in similar
format which shall be additionally attached. However, bidders are not
permitted to quote more than 3 number of works for this purpose.