iii) Three orders of value not less than Rs 10.63 Lakh each.
Notes for Clause 9.1.0 above:
(
i) The word “executed” means the Bidder should have achieved the criteria specified in the qualifying
requirements even if the contract has been started earlier and/or is not completed/ closed.
(
ii) Reference work executed by a bidder as a sub-contractor may also be considered provided the
certificate issued by main contractor is duly certified by Project Authority specifying the scope of
work executed by the sub-contractor in support of Qualifying requirements.
9
9
.2
.2.1
Financial Criteria:
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. 26.57 lakh (Rupees Twenty Six Lakh
Fifty Seven Thousand only).
In case a bidder does not satisfy the financial criteria, stipulated above on its own, its Holding
Company would be required to meet the stipulated turnover requirements 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.
9
.2.2
In case 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 further furnishes the following documents for substantiation of its
qualification.
(
a) Copies of the unaudited unconsolidated financial statements of the bidder along with copies of
the audited consolidated financial statements of its 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 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 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 for the three
consecutive financial years preceding the last financial year shall be considered for evaluating the
financials 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 financials parameters is not available.
NOTES FOR CLAUSE 2 ABOVE :
Page 3 of 5