a) At least one order of value of not less than ` 52 Lakhs
OR
b) Two orders, each of value not less than ` 39 Lakhs
OR
c) Three orders, each of value not less than ` 26 Lakhs
5.1.1 Notes:
The word "executed” means that the bidder should have achieved the progress specified in the
above Para even if the total contract/order is not completed /closed. The same shall be
supported by documentary evidence issued by the owner.
5.2 FINANCIAL CRITERIA
5.2.1 The Average Annual Turnover of the bidder, in the preceding three (3) financial years as on the
date of Techno-Commercial bid opening, shall not be less than ` 3.12 Crores (Rupees Three
Crores and Twelve Lakhs only).
5.2.2 The Net Worth of the bidder as on the last day of preceding financial year shall not be less than
100 % of its paid up share capital.
In case the bidder meets the requirement of Net worth at para 2.2, 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 Subsidiaries of its Holding companies, 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 capital.
For consortiums/ Joint ventures, wherever applicable, the Net worth of all consortiums/ 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.
5.2.3 In case the bidder is not able to furnish its audited financial statement 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.
a) Copies of unaudited unconsolidated financial statement of the bidder along with copies of
audited consolidated financial statements of the Holding Company.
b) A certificate from the CEO/CFO of the Holding Company, as per 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 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