b. Case-II: The work is started and completed within the stipulated period as
mentioned in clause 6.1. In such cases, entire executed value of the
relevant work vide that work order shall be considered for evaluation.
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
3
. 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.
. 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.
4
. The vendor(s) engaged by CIMFR as Technical service provider for coal sample
collection & preparation at ‘mine(s) or unloading end’ are not eligible for taking
part in this tender.
6
6
.2 Financial criteria:
.2.1 The average annual turnover of the Bidder, should not be less than ₹ 58.15 Lakhs
(Rupees Fifty-Eight Lakhs and Fifteen Thousand only) 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
2
. 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 Report of the company.
6
.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
Page 3 of 5