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/sub-vendor, he has to provide
documentary evidence issued by the "Owner".
2.0 Financial Criteria
The average annual turnover of the bidder, in the preceding three (03) financial years as on
the date of Techno-commercial bid opening, shall not be less than Rs. 391 Lakhs (Rupees Three
Crore Ninety One Lakhs).
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.
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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.
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. 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. A complete set of Bidding Documents may be downloaded by any interested Bidder from our
NIC Portal (https://eprocurentpc.nic.in/nicgep/app).
10. Clarification on bidding documents:
A prospective Bidder requiring any clarification of the Bidding Document shall put the query
under Clarification tab of the on-line bid at least three days prior to the clarification end date.
EMPLOYER will respond to any request for clarification or modification of the bidding
documents that it receives within the time line specified.
Section I: Invitation For Bids (IFB):
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