OR
b. Two (2) orders having contract value not less than ₹ 146.21 Lakh each.
OR
c. Three (3) orders having contract value not less than ₹ 116.97 Lakh each.
Note:
1. The word “Executed" mentioned above means that the bidder should have achieved the
criteria specified above, even if the total contract is started earlier and/or is not
completed/closed.
2. In case of orders under execution, the value of work executed till the date of Techno-
commercial bid opening duly certified by owner shall be considered acceptable.
3. Reference work executed by the bidder as a sub-contractor may also be considered
provided that certificate issued by main contractor is duly certified by owner specifying
the scope of work executed by the sub-contractor in support of qualifying requirements.
7.2 Financial criteria:
7.2.1 The average annual turnover of the Bidder, should not be less than ₹ 292.43 Lakh
(Rupees Two Hundred Ninety-Two Lakh and Forty-Three Thousand only) during the
preceding three (3) completed financial years as on the date of Techno-commercial bid
opening.
7.2.2 In case the bidder does not satisfy the financial criteria, stipulated at Cl. 7.2.1 above on its
own, its holding company would be required to meet the stipulated turnover requirements at Cl.
7.2.1 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 Board
Resolution of the holding company, 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.
7.2.3 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 further furnishes the following documents for substantiation of its
qualification.
1. Copies of the unaudited unconsolidated financial statements of the bidder along with copies of
the audited consolidated financial statements of its Holding Company.
2. A Certificate from the CEO/CFO of the Holding Company, as per the format enclosed in the
bidding documents, stating that the unaudited unconsolidated financial statements form part of
the Consolidated Annual Report of the Holding Company.
7.2.4 In cases where audited results for the last preceding 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 of three consecutive financial years preceding the last financial year shall be considered