
c. Three (3) orders having contract value not less than ₹ 11.33 Crore each 
Note: 
1.  The  word  “Executed"  mentioned  above  means  that  the  bidder  should  have  achieved  the 
criteria specified above in the Qualifying Requirements, even if the total contract is started 
earlier and/or is not completed/closed. 
2.  In case of contract(s) under execution as on the date of Techno-commercial bid opening, 
the  value  of  work  executed  till  such  date  will  be  considered  provided  the  same  is  duly 
certified by the Employer. 
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  ₹  28.32  Crore 
(Rupees Twenty-Eight Crore and Thirty-Two Lakh 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 atleast 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 The Net Worth of the bidder shall not be less than 100% of the bidder’s paid up share 
capital as on the last day of the preceding financial year. 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  their 
respective paid up share capitals and Y1, Y2, Y3 are individual paid up share capitals. 
7.2.4 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.