3
. The word “executed” mentioned above means the bidder should have achieved the
above mentioned financial criteria (B.2), even if the total contract is started earlier and /
or is not completed/closed.
4
. 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 the 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 certificates from the practicing
Chartered Accountant certifying the financial parameters are not available.
. In case the bidder is not able to furnish it’s audited financial statements on standalone
entity basis, the un-audited unconsolidated financial statements of the bidder can be
considered acceptable provided the bidder further furnishes the following documents for
substantiation of its qualification.
5
a. Copies of the un-audited unconsolidated financial statements of the bidder along
with copies of the audited consolidated financial statements of the holding company.
b. A certificate from the CEO/ CFO of the Holding Company, as per the format
enclosed in the bidding documents, stating that the un-audited unconsolidated
financial statements form part of the Consolidated Financial Statements of the
Holding Company.
(
Notes: Other income shall not be considered for arriving at annual turnover.)
6
. In case of any financial criteria submitted by the bidder in foreign currency, the
exchange rate as on 7 days prior to the date of Techno-Commercial bid opening shall
be used.
7
. The domestic bidder should have a separate valid GST registration number and PAN
Number.
8
. 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.