INVITATION FOR BID (IFB)
Case-III: The work is started within the stipulated period as mentioned in clause 1.1 but not
completed as on the last date of stipulated period. In such cases, “In Progress”
executed value of the relevant work vide that work order as on the last date of
stipulated period, shall be considered for evaluation.
(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/sub-vendor, he has to provide
documentary evidence issued by the "Owner".
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2
.0 Financial Criteria
.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 211 Lakhs.
(
Rupees Two Hundred Eleven 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 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.
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.
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.
Section I: Invitation For Bids (IFB):
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