c) In case where audited result of the last financial year as on the date of Techno-
commercial bid opening is not available, the financial results duly certified by a practicing
Chartered Accountant shall be considered acceptable. In case the 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 that the Certificate
from the practising Chartered Accountant certifying the Financial parameters is not
available.
d) 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 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 Financial Statements of the Holding Company.
Notes:
(i) Other income shall not be considered for arriving at the annual turnover.
(ii) The word ‘executed’ above means that the bidder should have achieved the criteria
mentioned in the Qualifying Requirement within the period specified even if the total
contract has been started earlier and/or is not completed/closed.
(iii) The Bidder shall submit complete documentary evidence like the duly notarised
order/contract copies, experience and satisfactory performance certificate(s) in this regard.
The original experience, performance certificate(s) from user/client should be on the
letterhead of the Company issuing certificate and should reflect executed quantities as
stated above in the Technical Criteria.
(iv) Net worth means the sum total of the paid up share capital and free reserves. Free
reserve 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.
(v) Original documents shall be produced for verification as and when called for.
Notwithstanding anything stated above, the Employer reserves the right to assess the capabilities
and capacity of the Bidder / his collaborators /associates /subsidiaries /group companies to perform
the contract, should the circumstances warrant such assessment in the overall interest of the
Employer.
9. General Requirements:
The following credentials are to be submitted by the bidders along with bid documents in support of
meeting the Qualifying Requirement as stipulated for the package.
a) Legible copies of documents (Award Letter/BOQ/Agreement) for “similar” work(s) and
Completion Certificate/copy of owner certified Measurement Book(s)/ Bills/Receipts towards
proof of work executed, clearly indicating total value of work executed and the period of
execution in respect of the award.
b) Audited Balance Sheet and Profit & Loss Account for the last three financial years.
c) Partnership deed/Affidavit for proprietorship/Certificate of incorporation.
d) Copy of PF code Registration Number (For Works Contract only).
e) Copy of PAN and GST Registration number.