INVITATION FOR BID
requirement stipulated above. Certificate from owner of the plant shall also be
furnished by the Bidder for successful operation of the reference plant.
f. In case of developer as bidder in clause 1.2 or 1.3, the documentary evidence
(certified by Chartered Accountant) for value of executed reference work must be
submitted by the Bidder.
g. Developer means an entity who has either executed or got executed the work/ project
as owner of industrial projects.
h. The execution of industrial project as EPC Contractor under Clause No. 1.3 means,
such EPC Contractor is responsible for all the activities i.e. Design/Engineering,
Procurement, Construction and Commissioning of a project/work.
i. The portion of work related to power transformer such as supply and or installation
mentioned at Clause No. 1.3 (b) can either be done by EPC contractor by themselves
or by the owner.
j. The Balance of Systems, under Clause 1.1, refers to works related to minimum three
of the following four areas in a Solar PV Plant:
i.
ii.
iii.
iv.
Erection of PV Modules
Civil works including Module Mounting Structures/Floaters
Inverters (Power Conditioning Units) and/or Inverter Transformers
Cables and Cabling Works
2.0
FINANCIAL CRITERIA
2.1
The average annual turnover of the Bidder, should not be less than Rs. 75 Crore
(Indian Rupees Seventy Five Crore only) during the preceding three (3) financial
years as on date of techno-commercial bid opening.
In case a Bidder does not satisfy the 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.
2
.2
Net Worth of the Bidder as on the last day of the preceding financial year should not
be less than 100% (hundred percent) of bidder’s paid-up share capital. In case the
Bidder does not satisfy the Net Worth criteria on its own, it can meet 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% (hundred
BALANCE OF SYSTEM PACKAGE FOR ANTA SOLAR POWER
Invitation For Bids
PAGE
5 OF 7
PROJECT IN RAJASTHAN
BIDDING DOCUMENT NO.: RE-CS-5730-004(BOS)-9(R2)