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ANNEXURE - I
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,[0:
In addition to satisfactory fulfillment of the Qualifying requirements stipulated in Section –
ITB (Instructions to Bidders) of Bid documents, the following shall also apply:
1.0
Technical Criteria:
1.1
The bidder should have executed works within the preceding seven (7) years reckoned, as on date of
Techno-commercial Bid opening, works comprising construction of RCC framed Residential / Non
residential building having high rise structures equal to or more than Ground + 4 floors including
civil and finishing, plumbing and Sanitary meeting the following criteria:
i) At least one work having minimum total built-up area of 13,319 sqm.
0.0
OR
ii) At least two works, each having minimum total built-up area of 8324 sqm.
0.0
OR
iii) At least three works, each having minimum built-up area of 6660 sqm.
0.0
Notes for clause 1.1 above:
i) The word "executed" means Bidder should have achieved the criteria specified in the above
qualifying requirement within the preceding seven years period reckoned as on date of bid opening
even if the contract has been started earlier and / or is not completed / closed.
ii) In case of contracts under execution as on date of bid opening, the value of work completed till the
date of bid opening will be considered provided the value of executed work is certified by the
employer.
iii) a) Reference work means work executed in single premises, i.e., a building complex with
constructions in contiguous land parcels at particular location in one or more contracts.
b) Reference works 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.
iv) At least one (1) building out of the qualifying work should have been executed with the provision for
elevator.
2.0
Financial Criteria:
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 ൟ 991 Lakhs (Nine Hundred Ninety One
Lakhs Only).
2.2
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.
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2.3
Net Worth of the bidder should not be less than 100% of the bidder's paid up share capital as on the
last day of the preceding financial year on the date of Techno-commercial bid opening. In case the
Bidder meets the requirement of Net worth based on the strength of its Subsidiary(ies) and/or
Holding Company and/or Subsidiary(ies) 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.
2.4
Net worth in combined manner shall be calculated as follows:
Net worth (combined) = [ (X1 + X2 +X3) / (Y1 +Y2+Y3) ] X 100
Where X1, X2, X3 are individual Net worth which should not be less than 75% of the respective
paid up share capitals and Y1, Y2 , Y3 are individual paid up share capitals.
2.5
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 bid
documents, stating that the unaudited unconsolidated financial statements form part of the
Consolidated Annual Financial Statements of the Holding Company.
2.6
In cases 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 a 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 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.
0.0
Notes for clause 2.0:
i) Other income shall not be considered for arriving at annual turnover.
ii) Net worth means the sum total of the paid up share capital and free reserves. Free reserves means all
reserves credited out of the profits and share premium account but does not include reserves credited
out of the revaluation of the assets, write back of depreciation provision and amalgamation. Further
any debit balance of Profit and Loss account and miscellaneous expenses to the extent not adjusted
or written off, if any, shall be reduced from reserves and surplus.
iii) "Holding Company" and "Subsidiary Company" shall have the meaning ascribed to them as per the
Companies act of India.
3.0
Notwithstanding anything stated above, the Employer reserves the right to undertake a physical assessment
of the capacity and capabilities including financial capacity and 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 the Employer. A negative determination of such assessment of
capacity and capabilities may result in the rejection of the Bid.
The above right to undertake the physical assessment shall be applicable for the qualifying requirements
stipulated in the bidding documents.
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4.0
5.0
6.0
7.0
NTPC reserves the right to reject any or all bids or cancel/withdraw the NIT for the subject package without
assigning any reason whatsoever and in such case no bidder/intending bidder shall have any claim arising out
of such action.
Issuance of Bidding Documents to any Bidder shall not construe that such Bidder is considered to be
qualified.
Participation in the tender does not automatically mean that the bidders are considered qualified. NTPC shall
evaluate the qualifying requirements of each bidder as per NIT after opening of Technical Commercial bids
and the bids of the bidder who is not meeting the qualifying requirement shall be treated as non-responsive.