the same 12 months period shall be
considered.
h) In case of works stipulated in 1.1.1 B above the word
"earthwork"
shall mean earth
/ash.
The quantity of
earth work in filling only will be considered for
qualification.
i)
Reference works executed by the Bidder, as a member of Joint Venture /
Consortium/
Associate can also be
considered provided: The allocation of scope of work between
the
partner
s
of the Joint Venture /Consortium/
Associate is clearly defined in the executed
Joint
Venture agreement/ Consortium Agreement/ Deed of Joint
Undertaking and
Bidder's
scope
of
work and break-up of quantities executed by them as individual contribution
in the
Joint
Venture
/Consortium/ Associate, duly authenticated by the owner/Project
Authority,
meet
the
relevant provisions of qualifying requirement. In case the reference work has been executed
by
the Bidder in an
integrated Joint Venture wherein allocation of scope of work and break-up
of
quantities between the partners is
not clearly specified in the integrated Joint
Venture
Agreement, then for Clause 1.1.1 B above, the credit of
executed quantities can be claimed
by
the bidder in the ratio
ofbidder's
share in the integrated Joint Venture
Agreement, provided
the
bidder establishes that it regularly undertakes works as at Clause 1.1.1 B above. The
executed
works/ quantities by integrated Joint Venture shall be duly authenticated by the
Owner/Project
Authority. However, the bidder will not be eligible to claim the credit of executed work by integrated Joint
Venture for Clause 1.1.1 A, above, unless the bidder has individually
executed
the work meeting the
requirement of clause no 1.1.1 A above and which has been
duly
authenticated by the Owner/Project
Authority.
j) Reference work executed by a Bidder as a sub-contractor may also be considered
provided
the certificate
issued by main contractor is duly certified by Owner/Project
Authority
specifying the scope of work executed
by the
subcontractor.
1.2 FINANCIAL CRITERIA
1.2.1
The average annual turnover of the bidder in the preceding three (3) Financial Years as on
the
date of
techno-commercial
bid opening shall not be less than Rs.34.02
Crore (Rupees Thirty
Four Crore Two Lakh
only)
1.2.2
The Net Worth of the
bidder,
as on the last day of preceding Financial
Year,
shall not be
less
than 100
% of its 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 Subsidiaries of its Holding companies, 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 capital. For consortiums/ Joint ventures,
wherever
applicable, the Net worth of all consortiums/ Joint venture members in combined
manner
should not
be less than 100% of their 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)= (Xl+X2+X3)
I
(Yl+Y2+Y3)
X
100%
Where X1, X2, X3 are individual Net Worths which should not be less than 75% of
the
respective paid
of share capitals and Y1, Y2, Y3 are individual paid up share
capitals.
1.2.3
In case the bidder is not able to furnish its audited financial statement on standalone
entity
basis, the
unaudited unconsolidated financial statements of the bidder can be
considered
acceptable provided the bidder
furnishes the following further documents on substantiation
of
its
qualification.
a) Copies of unaudited unconsolidated financial statement of the bidder along with copies
of
audited
consolidated financial statements of the Holding
Company.
b) A certificate from the CEO/CFO of the Holding Company, as per format enclosed in the
bid
documents,
stating that the unaudited unconsolidated financial statements form part of
the
consolidated Annual Report of the
Company.