DETAILED INVITATION FOR BIDS
(i) The word “executed” means the Bidder should have achieved the criteria specified in the
qualifying requirements at Clause 1.1c , even if the contract has been started earlier and/or is
not completed/ closed and shall be considered as below.
Case-I : The work is started earlier (prior to the period stipulated in Clause-1.1c, but
completed within the stipulated period as mentioned in clause 1.1c. 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 1.1c.
The work is started within the stipulated period as mentioned in clause 1.1c 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.
(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".
6.2.0
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. 74.16 lakh
(Rupees Seventy Four lakh and sixteen thousand Only).
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.
ii) Other income shall not be considered for arriving at annual turnover.