OR
Route-2
b) Civil Work(s) including “excavation / banking/ embankment/filling using earth /
ash / sand including carriage/disposal using mechanized means” in maximum 3
works. Further to it, the bidder should have executed the earth/ ash /sand work of
quantity minimum 4 (Four) Lakhs Cubic Meter in single contract in any of the above
referred 3 works.
2.0
Financial Criteria
The average annual turnover of the Bidder, in the preceding three (3) financial years
as on the date of Techno-Commercial bid opening, should not be less than Rs. 41.61
Crore (Rupees Forty One Crore Sixty One Lakh Only).
In case a bidder does not satisfy the financial criteria, stipulated above on its own, its
Holding Company would be required to meet the stipulated turnover requirements
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 the Holding Company’s Board Resolution 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.
2.2
The Net Worth of the bidder as on the last day of the preceding financial year
(reckoned on the date of techno-commercial bid opening) should not be less than
100% of the Bidder’s paid-up share capital. 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
the respective paid up share capitals and Y1, Y2, Y3 are individual paid up share
capitals
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 further furnishes the following documents
for substantiation of its qualification
Copies of the unaudited unconsolidated financial statements of the bidder along with
copies of the audited consolidated financial statements of its Holding Company.
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 financial statements of the
Holding Company