INVITATION FOR BID (IFB)
(
ii) Remarks: Any of the above cases shall be supported by documentary evidence issued by
the "Owner".
"
Owner" means the entity which has the original requirement of the subject work and has
initiated and awarded the work to the contractor (bidder) for executing the reference work
against which the credentials have been submitted.
And the "Owner" defined as above is not a contractor to any other entity for the reference
work.
In case, the bidder has worked as approved sub-Contractor/subvendor, he has to provide
documentary evidence issued by the "Owner".
2
.0 Financial Criteria
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 Rs 261 Lakhs
Rupees Two Hundred Sixty One Lakhs only).
.
(
Notes for Clause2.0 above:
(
i) In case where audited results for the last financial year as on the date of techno
commercial bid opening are not available, the financial results certified by a practicing
Chartered Accountant shall be considered acceptable. In case, Bidder is not able to submit
the certificate from practicing Chartered Accountant certifying its financial parameters, the
audited results for the three consecutive financial years preceding the last financial year
shall be considered for evaluating the financial parameters, a Certificate would be required
from the CEO/CFO as per the format enclosed in the bidding documents starting financial
results of the company are under audit as on the date of techno-commercial bid opening
and the certificate from a practicing chartered accountant certifying the financial
parameters is not available.
(
ii) Other income shall not be considered for arriving at annual turnover.
7
8
.
Notwithstanding anything stated above, the Employer reserves the right to assess the
capabilities and capacity of the Bidder/ his collaborators / associates/ subsidiaries/ group
companies to perform the contract, should the circumstances warrant such assessment
in the overall interest of the Employer.
.
.
Employer reserves the right to reject any or all bids or cancel/withdraw the Invitation for
Bids without assigning any reason whatsoever and in such case no bidder / intending
bidder shall have any claim arising out of such action.
9
1
A complete set of Bidding Documents may be downloaded by any interested Bidder from
our NIC Portal (https://eprocurentpc.nic.in/nicgep/app).
0. Clarification on bidding documents:
Section I: Invitation For Bids (IFB):
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