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I INVITATION FOR BIDS (IFB)
Qualifying Requirements
ANNEXURE - I
Name of the work: Balance Works of Administrative Building, Auditorium and Parking Complex of NTPC Kudgi STPP.
1.0 Technical Criteria:
1.1 The bidder should have executed works within the preceding seven (7) years; reckoned as on the date of Scheduled Techno-
commercial bid opening, works comprising construction of RCC framed building having high rise structures equal to
or more than Ground+4 floors with executed order value(s) as per the following:
Single order of value not less than Rs. 1232.42 Lakhs.
OR
Two orders of value not less than Rs. 770.26 Lakhs each.
OR
Three orders of value not less than Rs. 616.21 Lakhs each.
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 shall not be less than Rs. 1540.52 Lakhs (Rupees Fifteen hundred and Forty lakhs and Fifty two Thousand
only)
2.2 In case a Bidder does not satisfy the annual turnover criteria, stipulated above at clause 2.1 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.
2.3 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 on the date of Techno-commercial bid opening. 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 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. For
Consortiums/ Joint Ventures, wherever applicable, the Net worth of all consortium/Joint Venture members in combined
manner should not be less than 100% of their 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.
2.4 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 can be considered acceptable provided the Bidder further furnishes the
following documents for substantiation of its qualification:
(i) Copies of the unaudited unconsolidated financial statements of the Bidder along with copies of the audited
consolidated financial statements of its Holding Company.
(ii) A certificate from the CEO/CFO of the Holding Company, as per the format enclosed in the bid documents, stating
that the unaudited unconsolidated financial statements form part of the Consolidated Annual Financial Statements of the
Holding Company.