iii) Three orders of value not less than FRS. 15 Lakhs each.
The word "executed" means the bidder should have achieved the criterion specified in the
Qualifying Requirements, even if the total contract is not completed/ closed. In case contract(s)
is under execution as on the date of techno‐commercial bid opening, the value of work executed
till such date will be considered provided the same is certified by the employer.
5.1.2 The bidder must be a MSE.
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 Rs. 36 Lakhs (Rupees Thirty Six
Lakhs only).
5
.2.2 In case the bidder is not able to furnish its audited financial statements 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.
o Copies of the unaudited unconsolidated financial statements of the bidder along with copies of
the audited consolidated financial statements of the Holding Company.
o 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.
6
.0
Notwithstanding anything stated above, the Employer reserves the right to undertake a
physical assessment of capacity & capabilities including financial capacity & capability of the
bidder/his collaborator(s)/associate(s)/subsidiary(ies)/group company(ies) 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 the
office/facilities/banker’s/reference works by employer. A negative determination of such
assessment of capacity and capabilities may result in rejection of bid.
