7.0 Qualification Requirements for Bidders
In addition to the requirements stipulated under section Instruction to Bidder (ITB), the Bidder should also meet the
qualifying requirements stipulated hereunder:
1.1 The bidder should be empanelled on any Zonal Railways for survey, construction, maintenance of Railway sidings.
1.2 Bidder should have executed work of construction/maintenance/ Refurbishment of Railway Track (or any combination
of these) of cumulative track length of 100 KM or above, out of which one work must be of minimum track length of
50 KM at Indian Railways/public sector/ Public and private ltd. Co. sidings within the preceding seven (7) years from
the Date of Techno-Commercial Bid Opening.
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, should not be less than INR 43.50 Crores.
In case a 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 Techno-Commercial bid documents, pledging unconditional and
irrevocable financial support for the execution of the Contract by the Bidder in case of award.
2.2 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 of the date of Techno-Commercial bid opening. In case the Bidder does not meet the Net
Worth criteria on its own, it can meet the requirement of Net worth based on the strength of its Subsidiary(ies) and/or
Holding Company and/or Subsidiary(ies) or its Holding Companies, wherever applicable. In such a case, however, 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%( one hundred percent) of their total paid up share
capital. However individually , their Net worth should not be less than 75% (seventy five percent) 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)]X100
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.
2.3 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.
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 with the bidding documents,
stating that the unaudited unconsolidated financial statements form part of the Consolidated Annual Financial Statements
of the company.
In cases where audited results for the last financial year as on the date of the Techno-Commercial Bid opening are not
available, the financials results certified by a practicing Chartered Accountant shall be considered acceptable.
2.4 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 years preceding the last financial year shall be
considered for evaluating the financial parameters. Further, a Certificate would be required from the CEO/CFO as per
the format enclosed in the bidding documents stating 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
that financial parameters is not available.