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I INVITATION FOR BIDS (IFB)
Qualifying Requirements
Annexure-1
Qualifying Requirements for Triennial Maintenance Contract for Off-Sites & Cooling Towers Area at NTPC Kudgi.
1.0 Technical Criteria:
1.1 The bidder should have executed “Mechanical Maintenance/Mechanical Overhauling/Mechanical Erection” works in
any of the following areas of 200 MW or above capacity unit in coal fired Thermal Power Plant:
i) Off-site area ( excluding CHP & Fuel Transportation System)
ii) TG & TG auxiliaries
iii) Boiler rotating machines
1.2 The bidder should have executed the works mentioned at 1.1 above for cumulative executed order value of Rs. 390
Lakhs during the preceding three (03) years reckoned as on the date of technical bid opening.
2.0 Financial Criteria:
2.1 The average annual turnover of the Bidder, in the preceding three (3) financial years reckoned as on the date
of Technical Bid Opening shall not be less than ₹ 162.50 Lakhs (One Hundred Sixty two Lakhs and Fifty Thousands
Only).
2.2 In case a Bidder does not satisfy the annual turnover criteria, stipulated at 2.1 above on its own, its Holding Company
would be required to meet the stipulated turnover requirements at 2.1 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 Technical 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.
2.3 Net Worth of the bidder should not be less than 100% of the bidder's paid up share capital as on the last day of the
preceding financial year on the date of Technical bid opening. In case the Bidder meets the requirement of Net worth
based on the strength of its Subsidiary(ies) and/or Holding Company and/or Subsidiary(ies) 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. For Consortium/Joint
Ventures, wherever applicable, the Net worth of all Consortium/ 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.
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.
2.4 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:
(i) Copies of the unaudited unconsolidated financial statements of the Bidder along with copies of the audited consolidated
financial statements of its Holding Company.
(ii) A certificate from the CEO/CFO of the Holding Company, as per the format enclosed in the bid documents, stating that
the unaudited unconsolidated financial statements form part of the Consolidated Annual Financial Statements of the Holding
Company.
2.5 In case where audited results for the last financial year as on the date of technical 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