e. In case the award for the reference works has been received by the Bidder
directly from either owner of plant or any other intermediary organization, a
certificate from such owner of plant or the intermediary organization shall be
required to be furnished by the Bidder along with its techno-commercial bid in
support of its claim of meeting requirement stipulated above. Certificate from
owner of the plant shall also be furnished by the Bidder for successful
operation of the reference plant.
f. In case of developer as bidder in clause 1.2 or 1.3, the documentary
evidence (certified by Chartered Accountant) for value of executed reference
work must be submitted by the Bidder.
g. Developer means an entity who has either executed or got executed the
work/ project as owner of industrial projects.
h. The execution of industrial project as EPC Contractor under Clause No. 1.3
means, such EPC Contractor is responsible for all the activities i.e.
Design/Engineering, Procurement, Construction and Commissioning of a
project/work.
i. The portion of work related to power transformer such as supply and or
installation mentioned at cl. no. 1.3 (b) can either be done by EPC contractor
by themselves or by the owner.
2.0 FINANCIAL CRITERIA
2.1 The average annual turnover of the Bidder, should not be less than of Rs.
240 Crore (Indian Rupees Two Hundred Forty Crore only) during the
preceding three (3) financial years as on date of techno-commercial bid
opening.
In case a Bidder does not satisfy the 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 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 Net Worth of the Bidder as on the last day of the preceding financial year
should not be less than 100% (hundred percent) of bidder’s paid-up share
capital. In case the Bidder does not satisfy 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, the Net worth of the Bidder and its