Should have achieved the completion of at least 75% of the contract value. In support
of which the bidder shall submit the copy of last bill passed.
(ii) The work completed within the preceding seven (7) years prior to the date of techno
commercial bid opening even if it has been started earlier, will also be considered as
meeting the qualifying requirements.
(iii) In case the reference work(s) contains multiple buildings of different storeys, then the
area of all the buildings shall be considered for total built up area, provided:
a) Atleast one reference work contains buildings of four (4) storeys or more meeting
the technical criteria in clause 1.0 above.
And
b) Cumulative built-up area of all buildings of four (4) storeys or more in single or
multiple reference works is atleast 2200 Sqm.
(iv) Reference work means work executed in single premises, i.e. a building complex with
constructions in contiguous land parcels at particular location in one or more contracts.
a) The reference works executed by the bidder’s group company / subsidiary
company shall not be considered for meeting the qualifying requirements by the
bidder.
b) Reference work executed by a Bidder as a sub-contractor may also be considered
provided 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.
2.0
2.1 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
1765 Lakh
(Rs. One Thousand Seven Hundred and Sixty Five Lakh only).
In case a bidder does not satisfy the financial criteria, stipulated above on its own, its
Holding Company would be required to meet the stipulated turnover requirements
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.
2.2 The Net Worth of the bidder as on the last day of the preceding financial year
(reckoned on the date of techno-commercial bid opening) should not be less than
100% of the Bidder’s paid-up share capital. 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.
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.
2.3 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