DETAILED INVITATION FOR BID
SSC WR-II, Sipat
Page
6 of 8
i. Executed value not less than Rs. 1356 Lakhs in a Single Contract.
OR
ii. Executed value not less than Rs. 848 Lakhs in two Contracts each.
OR
iii. Executed value not less than Rs. 678 Lakhs in three Contracts each.
Note:
The word “executed” means the bidder should have achieved the criterion specified in the
Qualifying Requirements, even if the total contract is not completed/ closed. In case
contract(s) is 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 certified by the
employer.
.Financial Criteria for Qualification:
7.2.1. 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.
1695
Lakhs
Lakhs(Rupees One Six Hundred and Ninety five Lakh only).
7.2.2. Net worth of 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. For Consortiums/Joint Ventures, wherever applicable,
the Net worth of all consortium/ 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)=(x1+x2+x3)/(y1+y2+y3)x100 where x1, x2, x3 are individual
net worth which shall not be less than 75% of the respective paid up share capitals
and y1, y2, y3 are individual paid up share capitals..
7.2.3.
In case the Bidder is not able to furnish its audited financial statements 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:
• Copies of the unaudited unconsolidated financial statements of the bidder along with
copies of the audited consolidated financial statements of the holding company.
• A certificate from the CEO/CFO of the Holding Company as per the format enclosed
in the bid documents stating that the unaudited unconsolidated financial statements
form part of the consolidated annual report of the company.
7.2.4. 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 of three consecutive financial years preceding the last
financial year shall be considered for evaluating the financial parameters. Further, a
certificate would be required from the CEO/CFO as per the format enclosed in the bidding