INVITATION FOR BID (IFB)
For reference fly ash handling systems, the design capacity of conveying from ESPs to buffer
hoppers and of transportation from buffer hoppers to storage silos will be the capacity which the
client (of the reference plant against which the bidder is seeking qualification) must have specified in
its contract documents.
6.1.2 The activity of design and engineering under clause 6.1.1 a) & b) should have been carried out
by the Bidder and not through any external design agency/ agencies.
6.2.0 Financial Criteria
6.2.0 (a) 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. 2492.0 lacs (Rupees Two
Thousand Four Hundred and Ninety Two Lacs Only).
In case the bidder does not satisfy the average annual turnover criteria, stipulated above on its own,
its Holding Company would be required to meet the stipulated turnover requirements as 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.
6.2.0(b) 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 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) / (YI+Y2+Y3) X 100
Where X 1, X2, X3 are individual Net worth which should not be less than 75% of the respective paid
up share capitals and Y 1, Y2, Y3 are individual paid up share capitals.
6.2.0) (c) 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
bidding documents, stating that the unaudited unconsolidated financial statements form part of the
consolidated annual financial statements of the Holding Company.
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 practising Chartered Accountant shall be
considered acceptable. In case, Bidder is not able to submit the certificate from practising Chartered
Accountant certifying its financial parameters, the audited results for 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
Technocommercial bid opening and the Certificate from the practising Chartered Accountant
certifying the financial parameters is not available.
SECTION I : INVITATION FOR BIDS (IFB)-
IFB No.: NTPC/SSC - VSR/9900186445
Page 3 of 5