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iii. Case-III: The work is started within the stipulated period as mentioned
in clause 6.1 but not completed as on the last date of stipulated period.
In such cases, “In Progress” executed quantity of the relevant work
vide that work order as on the last date of stipulated period, shall be
considered for evaluation.
2. In case of orders under execution, the value of work executed till date of
Techno-commercial bid opening duly certified by the owner shall be
considered acceptable.
3. Reference work executed by the bidder as a sub-contractor may also be
considered provided the certificate issued by main contractor is duly
certified by owner specifying the scope of work executed by the sub-
contractor in support of qualifying requirements.
6.2 Financial criteria:
6.2.1 The average annual turnover of the Bidder, should not be less than ₹ 40.69 Lakh
(Rupees Forty Lakh and Sixty-Nine Thousand only) during the preceding three (3)
completed financial years as on the date of Techno-commercial bid opening.
6.2.2 In case the bidder does not satisfy the financial criteria, stipulated at Cl. 6.2.1 above
on its own, its holding company would be required to meet the stipulated turnover
requirements at Cl. 6.2.1 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 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.
6.2.3 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 in
substantiation of its qualification.
1. Copies of the unaudited unconsolidated financial statements of the bidder along
with copies of the audited consolidated financial statements of the Holding
Company.
2. 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.
6.2.4 In cases where audited results for the last preceding 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