INVITATION FOR BID (IFB)
Section I: Invitation For Bids (IFB):Version2
Page 3 of 4
Notes for Clause 1.0 above:
The word “executed” means the Bidder should have achieved the criteria specified in the
qualifying requirements at Clause 1.0, 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-1.0, 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/sub-vendor, 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 145.71 Lakhs. ( Rupees
One Crore Forty Five Lakhs Seventy One Thousand only )
Notes for Clause2.0 above:
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.