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.