c. Case-III: The work is started within the stipulated period as
mentioned in clause 6.1 but not completed as on the last date
of stipulated period. In such cases, “In Progress” executed
quantity of the relevant work vide that work order as on the last
date of stipulated period, shall be considered for evaluation
2
. In case of orders under execution, the value of work executed till the
date of Techno-commercial bid opening duly certified by owner shall
be considered acceptable.
3
. Reference work executed by the bidder as a sub-contractor may also
be considered provided the certificate issued by main contractor is
duly certified by owner specifying the scope of work executed by the
sub-contractor in support of qualifying requirements.
6
6
.2 Financial criteria:
.2.1 The average annual turnover of the Bidder, should not be less than ₹
3.66 Lakhs (Rupees Eighty-Three Lakhs and Sixty Six Thousand only)
8
during the preceding three (3) completed financial years as on the
date of Techno-commercial bid opening.
6
.2.2 In case the bidder does not satisfy the financial criteria, stipulated at
Cl. 6.2.1 above on its own, its holding company would be required to
meet the stipulated turnover requirements at Cl. 6.2.1 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 Techno-Commercial 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.
6
.2.3 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.
1
. Copies of the unaudited unconsolidated financial statements of
the bidder along with copies of the audited consolidated financial
statements of its Holding Company.
2
. 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 Report of the company.
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.2.4 In cases where audited results for the last preceding 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