sand work of quantity minimum 4 (Four) Lakhs Cubic Meter in single
contract in any of the above referred 3 works.
Notes for Clause 1.0 above:
(
(
1)
2)
The word “executed” means the bidder should have achieved the criteria specified
in the above QR within the preceding seven (07) year period even if the contract
has been started earlier and/or is not completed/ closed.
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.
2.0
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 43.20 Crore (Rupees Forty Three Crore Twenty Lakh Only).
2
.0(a) In case the bidder does not satisfy the average 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.
2.0(b) The Net Worth of the bidder as on the last day of the preceding financial year
(
reckoned on the date of techno-commercial bid opening) should not be less
than 100% of the Bidder’s paid-up share capital. In case the Bidder meets
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% 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.
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
.0( c)
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 further furnishes
the following documents for substantiation of its qualification :
Copies of the unaudited unconsolidated financial statements of the bidder
along with copies of the audited consolidated financial statements of its Holding
Company.
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.
(
(
i)
ii)