In case the reference work has been executed by the Bidder in an integrated Joint Venture
wherein allocation of scope of work and break-up of quantities between the partners is not
clearly specified in the integrated Joint Venture Agreement, then for Clause 9.1.2 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 9.1.2 above. The executed works/ quantities by integrated
Joint Venture shall be duly authenticated by the Project Authority. However, the bidder will
not be eligible to claim the credit of executed work by integrated Joint Venture for Clause
9.1.1 above, unless the bidder has individually executed the work meeting the requirement of
Clause 9.1.1 above and which has been duly authenticated by the Project Authority.
j)
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.
9.2.0 Financial Criteria:
(
a)
The average annual turnover of the Bidder, should not be less than INR 16.90 Cr
during the preceding three (3) completed financial years as on the last day of the
month previous to the date of NIT.
In case a Bidder does not satisfy the 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.
(
b)
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 does not satisfy 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) 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.
(
c)
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
SECTION I
IFB
NIT No. 9900193800
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