INVITATION FOR BID (IFB)
SECTION I : INVITATION FOR BIDS (IFB)
Page 3 of 5
executants of DJU shall be jointly and severally liable to the employer for successful
performance of chlorine di-oxide (CLO2) plant, as per the format enclosed with the
bidding documents. The Deed of joint Undertaking(s) (DJU) should be submitted along
with the techno-commercial bid failing which bidder shall be disqualified and its bid
shall be rejected. In case of award, the Collaborator(s)/Associate(s) shall be required to
furnish an on demand bank guarantee as per the format enclosed with the bidding
documents for a value equal to 2% (two percent) of the contract price in addition to the
Contract Performance Security to be furnished by the Bidder.
2.0 Financial Criteria for Qualification:
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 Rs. 1278
Lakh (Rs. One Thousand Two Hundred and Seventy Eight 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 individual, 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 than75% 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
considered acceptable provided the bidder further furnishes the following documents for
substantiation of its qualification: