QUALIFYING REQUIREMENTS
Venture Agreement , then for clause 1.0 above, the credit of executed
quantities can be claimed by the bidder in the ratio of bidder’s share in the
integrated Joint Venture Agreement, provided the bidder establishes that it
regularly undertakes works as at clause 1.0 (as applicable) above. The
executed works/quantities by integrated
authenticated by the Project Authoritiy.
Joint
Venture
shall
be duly
(iv) Reference work executed by a bidder as a sub-contractor may also be
considered. In such a case, the bidder shall submit the documentary
evidence in support of above.
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 482.36Lakh
In case
stipulated above on its own, its Holding Company would be
meet the stipulated turnover requirements as above, provided that the Net
a
Bidder does not satisfy the averageannual
turnover criteria,
required to
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, 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
a
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 ofthe date
ofTechno-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 ofits 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) ofthe Holding company, in combined manner
should not be less than 100%( one hundred percent) oftheir total paid up
share
capital.
However individually
,
their Net worth should not be
their respective paid up share
less than 75% (seventy
five percent)of
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 auditedfinancial statements
on stand alone entity basis, the unaudited unconsolidated financial statements of
the Bidder can be considered acceptable, provided the Bidder further