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1. The word “executed” mentioned in clause 7.1 means that the bidder should have
achieved the criteria Specified in clause 7.1 with any of the following conditions:
i. Case – I: The work is started earlier (prior to the period stipulated in clause 7.1) but
completed within the stipulated period as mentioned in clause 7.1 In such cases, entire
executed quantity of the relevant work vide the work order shall be considered for
evaluation.
ii. Case-II: The work is started and completed within the stipulated period as mentioned
in clause 7.1. In such cases, entire executed value of the relevant work vide that work
order shall be considered for evaluation.
iii. Case-III: The work is started within the stipulated period as mentioned in clause 7.1
but not completed as on the last date of stipulated period. In such cases, “In Progress”
executed quantity of the relevant work vide that work order as on the last date of
stipulated period, shall be considered for evaluation.
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 the 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.
4. Maintenance of generator refers to only mechanical works related to generator and
auxiliaries.
7.2 Financial criteria:
7.2.1 The average annual turnover of the Bidder, should not be less than ₹ 11.50 Crore
(Rupees Eleven Crore and Fifty 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 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 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: