INVITATION FOR BID (IFB)
Section I: Invitation For Bids (IFB):Version2
Page 3 of 4
Case-I: The work is started earlier (prior to the period stipulated in Clause-1.0, but completed
within the stipulated period as mentioned in clause 1.0. In such cases, entire executed value of the
relevant work vide that work order shall be considered for evaluation.
Case-II: The work is started and completed within the stipulated period as mentioned in clause 1.0
Case-III: The work is started within the stipulated period as mentioned in clause 1.0 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
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/subvendor, 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 (3) financial years as on the date
of Techno-Commercial bid opening, should not be less than Rs 163.21 Lakhs (Rupees one Crore
Sixty-Three Lakhs Twenty-One Thousand Only) .
NOTES FOR CLAUSE 2.0:
(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.