INVITATION FOR BID (IFB)
OR
6
.1.2 (i) The bidder should be a Joint Venture amongst firms comprising of:
(
a) An organization incorporated for carrying out Renovation and
Modernization (R&M) work of thermal power plants and who should have
executed / is executing renovation or replacement of Low Pressure
Condensate Water Heaters for a unit of not less than 110 MW rating in a
thermal power plant.
AND
(
b) An organization which meets the requirements of clause 6.1.1 above.
(
ii) The Joint Venture partners at clause 6.1.2 (i) above should necessarily
identify one of the partners as Lead Partner. The Joint Venture should provide
along with the Techno-Commercial bid, a Joint Venture Agreement, as per the
format enclosed in the bidding documents, in which the partners in the Joint
Venture are jointly and severally liable to the Employer to perform all the
contractual obligations including performance guarantees for Low Pressure
Condensate Water Heaters. The Joint Venture Agreement should be
submitted along with the Techno-Commercial bid, failing which the Bidder
shall be disqualified and his bid shall be rejected. In this case, the bid security
and in the event of award, the performance bank guarantee shall be in the
name of all the partners of the Joint Venture.
6
.2.0 Financial Criteria for Qualification
6
.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 ₹ 212 Lakh (Rs. Two Hundred and Twelve Lakh only).
In case a bidder does not satisfy the financial criteria, stipulated above on its own, its
Holding Company would be required to meet the stipulated turnover requirements
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.
6
.2.2 The 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 meets the
requirement of Net worth based on the strength of its Subsidiary (ies) and/or
SECTION I : INVITATION FOR BIDS (IFB)-
IFB No.: NTPC/SSC - VSR/9900189130
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