I INVITATION FOR BIDS (IFB)
ANNEXURE-1
Qualifying Requirements
1.0 Technical Criteria
1.1 The Bidder should have successfully executed the works of “ Construction of RCC Buildings” with executed contract
values as detailed below, during the last seven (7) years as on date of technical bid opening:
Single order with executed value not less than Rs. 79.78 Lakhs.
OR
Two orders with executed values not less than Rs. 49.87 Lakhs each.
OR
Three orders with executed values not less than Rs.39.89 Lakhs each.
2.0 Financial Criteria:
2.1 The average annual turnover of the bidder, in the preceding three financial years as on the date of bid opening shall not be
less than Rs 99.73 (Rupees Ninety nine Lakhs and Seventy three Thousand only).
3.0 Notes:
a) 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/Proprietor/Partner that the financial results of the Company are under audit as on the date of Techno-
commercial bid opening and the certificate from practicing Chartered Accountant certifying the financial
parameters is not available
b) For the purpose of arriving at the executed value of work specified at 1.1 above, basic amount only shall be
considered. In case of a contract inclusive of Taxes, agency has to provide the break-up of basic and tax.
c) Other income shall not be considered for arriving at annual turnover.
d) The value of the work completed in the preceding seven (7) years reckoned as on date of techno commercial bid
opening, even if it has been started earlier, will also be considered for establishing the qualifying requirements.
e) The word “executed” at 1.1 above means; bidder should have achieved the criteria specified in above QR even if
the total contract is not completed / closed.
f) The bidder should have independent PF code issued by RPFC, valid PAN number and GST registration number
and the relevant documents shall be submitted along with bid proposal.
g) The bidder should submit the documentary proofs for establishing the QR requirements at 1.0 and 2.0 above.