Section I: Invitation For Bids (IFB):
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INVITATION FOR BID (IFB)
completed within the stipulated period as mentioned in clause 1.1. 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 1.1
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.
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 F inancial Criteria
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, should not be less than Rs 11.52 Crore (Rs. Eleven Crore and Fifty Two
Lakh only).
In case a bidder does not satisfy the financial criteria, stipulated above on its own, its Holding Company
would be required to meet the stipulated turnover requirements 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 the
Holding Company’s 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.
2.2
The Net Worth of the bidder as on the last day of the preceding financial year (reckoned on the date of
techno-commercial bid opening) should not be less than 100% of the Bidder’s paid-up share capital. In case
the Bidder meets the requirement of Net worth based on the strength of its Subsidiary (ies) and/or Holding
Company and/or Subsidiaries of its Holding companies wherever applicable, the Net worth of the Bidder and
its subsidiary (ies) and/or Holding Company and/or subsidiary (ies) of the Holding Company, in combined
manner should not be less than 100% of their total paid-up share capital. However individually, their Net
worth should not be less than 75% of their respective paid-up share capitals.
Net worth in combined manner shall be calculated as follows:
Net worth (combined) = (X1+X2+X3) / (Y1+Y2+Y3) X 100
Where X1, X2, X3 are individual Net worth which should not be less than 75% of the respective paid up
share capitals and Y1, Y2, Y3 are individual paid up share capitals.
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