DETAILED INVITATION FOR BID
BIDDING DOCUMENT NO.:
9900182527
SECTION-I (IFB)
PAGE
3 OF 3
acceptable provided the bidder furnishes the following further documents on substantiation
of its qualification.
• Copies of the unaudited unconsolidated financial statements of the bidder along with copies
of the audited consolidated financial statements of the Holding Company.
• 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 report of the company.
5.2.3 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 as per the format enclosed in the bidding documents stating that the
financial results of the Company are under audit as on the date of Techno-Commercial Bid
Opening and the Certificate from the practicing Chartered Accountant certifying the financial
parameters is not available.
Notes: Other income shall not be considered for arriving at annual turnover.
5.3 The bidder shall have to submit the following documents in support of meeting the QR
along with their bid:
5.3.1 The bidder to submit documentary evidence in support of clause 5.1 of QR.
5.3.2 Copies of audited balance sheet and profit & Loss account for the preceding three (3)
financial years in support of clause 5.2 of QR.
6.0 Notwithstanding anything stated above, the Employer reserves the right to assess the
capabilities and capacity of the Bidder/ his collaborators / associates/ subsidiaries/ group
companies to perform the contract, should the circumstances warrant such assessment in
the overall interest of the Employer.
The physical assessment shall include but not be limited to the assessment of
office/facilities/banker's/reference workers by Employer. A negative determination of such
assessment of capacity and capabilities may result in rejection of the bid.
7.0 Employer reserves the right to reject any or all bids or cancel/withdraw the Invitation for
Bids without assigning any reason whatsoever and in such case no bidder / intending
bidder shall have any claim arising out of such action.