date of techno-commercial bid opening, the value of work executed till such date will
be considered provided the same is certified by the employer.
5.2 Financial Criteria:
5.2.1 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. 45
Lakhs (Rupees Forty Five Lakhs only).
5.2.2 In case the bidder is not able to furnish its audited financial statements on
standalone entity basis, the unaudited unconsolidated financial statements of the
bidder can be considered acceptable provided the bidder furnishes the
following further documents on substantiation of its qualification:
Copies of the unaudited unconsolidated financial statements of the bidder
along with copies of the audited consolidated financial statements of the
Holding Company.
• 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 report of the company.•
5.2.3 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 of three
consecutive financial years preceding the last financial year shall be considered for
evaluating the financial parameters. Further, a certificate would be required from
the CEO/CFO as per the format enclosed in the bidding documents stating that
the financial results of the Company are under audit as on the date of
Techno-Commercial Bid Opening and the Certificate from the practicing
Chartered Accountant certifying the financial parameters is not available.
Notes(i) Other income shall not be considered for arriving at annual turnover.
6.0 Notwithstanding anything stated above, the Employer reserves the right to
undertake a physical assessment of capacity & capabilities including financial
capacity & capability of the bidder/his
collaborator(s)/associate(s)/subsidiary(ies)/group company(ies) to perform the
contract, should the circumstances warrant such assessment in the overall
interest of the employer. The physical assessment shall include but not be limited
to the assessment of the office/facilities/banker’s/reference works by employer.
A negative determination of such assessment of capacity and capabilities may
result in rejection of bid.
7.0 A complete set of Bidding Documents may be downloaded by any interested
Bidder directly through NTPC e-procurement portal, https://e-