(iii)
If the work / order is started within the stipulated period of seven years but not
completed as on the last date of stipulated period, “In Progress” executed value of
relevant Man-months or the executed value of the relevant work (i.e. considering only
the work of Field quality service in Mechanical, Civil and Electrical discipline) vide that
work order as on the last date of stipulated period, shall be considered for evaluation
towards fulfilment of Qualifying Requirements. Further in progress executed value of
relevant Man-months or the executed value of relevant work should be at least 75% of
the awarded contract value.
(iv)
In support of meeting the Qualifying Requirements the bidder must enclose with his bid
a true copy of the Work Order/ Letter of Award / Contract Agreement along with the
Client signed “completion certificate”/ “In progress work certificate” duly specifying the
Scope of Work along with value of relevant Man-months executed against each
discipline and the value of the relevant work (i.e. considering only the work of Field
quality service in Mechanical, Civil and Electrical discipline) executed out of the total
contract value in the aforesaid stipulated period of seven (7) years or as mentioned
under the clause(s) i, ii and iii of “Notes for clause 1.1 and 2.1 above”.
2.2
a)
The average annual turnover of the bidder in the preceding three (03) financial years as
on last date of the month preceding the month in which Notice Inviting Tender is
published shall not be less than Rs 71.28 Lakhs (Rupees Seventy-One lakhs & twenty-
eight thousand only).
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 Techno Commercial bid documents, pledging unconditional and
irrevocable financial support for the execution of the Contract by the Bidder in case of
award.
b)
The Net Worth of the Bidder as on the last day of the preceding financial year, of the
date of Techno-commercial Bid opening, shall not be less than 100% of the bidders paid
up share capital. In case the Bidder meets the requirement of Net Worth based on the
strength of its Subsidiary (ies) and/or Holding Company and/or Subsidiary (ies) of the
Holding company 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
Page 6 of 7
Package: Engagement of Agency for providing Field Quality Assurance Service through
deployment of Field Quality Service Engineers and supervisor cum laboratory attendant for
PVUN Patratu project
Sec-I-Detailed IFB
Bidding Doc No :CS-9585-334(A)-9