I INVITATION FOR BIDS (IFB)
ANNEXURE-1
Qualifying Requirements
In addition to satisfactory fulfilment of the Qualifying requirements stipulated in Section –
ITB (Instructions to Bidders) of Bid documents, the following shall also apply:
1.0 Technical Criteria
1.1 The Bidder should have designed, supplied, erected/got erected and commissioned/got commissioned at
least one (1) number of Air conditioning system having a total installed capacity of 300TR or more including
stand-by chiller unit (if any), which should have included at least one chilling unit with a minimum capacity
of 60TR.The system should have been in successful operation for at least one (1) year prior to the date of
Techno -Commercial bid opening.
2.0 Financial Criteria:
2.1 The average annual turnover of the bidder, in the preceding three (03) financial years reckoned as on the
date of scheduled techno-commercial bid opening shall not be less than Rs. 662.46 lakhs (Rupees Six
Crore sixty two lakhs and forty six thousand only).
2.2 In case a Bidder does not satisfy the annual turnover criteria, stipulated above at clause 2.1 on its own, its
Holding Company would be required to meet the stipulated turnover requirements as 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.
2.3 Net Worth of the bidder should not be less than 100% of the bidder's paid up share capital as on the last
day of the preceding financial year on the date of Techno-commercial bid opening. In case the Bidder
meets the requirement of Net worth based on the strength of its Subsidiary(ies) and/or Holding Company
and/or Subsidiary(ies) 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) ] 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.
2.4 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:
(i) Copies of the unaudited unconsolidated financial statements of the Bidder along with copies of the
audited consolidated financial statements of its Holding Company.
(ii) 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 Financial Statements of the Holding Company.
2.5 In cases 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