DETAILED INVITATION FOR BID
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. For Consortiums/Joint
Ventures, wherever applicable, the Net worth of all consortium/ Joint Venture members in
combined manner should not be less than 100% of their 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)/(y1+y2+y3)x100 where x1, x2, x3 are individual net worth
which shall not be less than 75% of the respective paid up share capitals and y1, y2, y3 are
individual paid up share capitals.
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.2.3 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.
•
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.
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.2.4 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 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.
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.2.5 In case a bidder does not satisfy the financial criteria, stipulated at Cl. 5.2.1 and/ or Cl.5.2.2
above on its own, the holding company would be required to meet the stipulated turnover
requirements at Cl.5.2.1 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
bid, a Letter of Undertaking from the holding company, supported by 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.
BIDDING DOCUMENT NO.: 9900187527
SECTION-I (IFB)
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