(1) The word “executed” means the bidder should have achieved the criteria
specified in the above QR within the preceding seven (7) year period even if the
contract has been started earlier and / or is not completed/ closed.
(2) Reference work executed by a bidder as a sub-contractor may also be
considered provided the certificate issued by main contractor is duly certified by
Project Authority specifying the scope of work executed by the sub-contractor in
support of Qualifying Requirements.
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. 44.53 Crore(Rupees Forty Four Crore Fifty Three Lakh Only)
2.1 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-
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 bi
dder can be considered acceptable provided the bidder further furnishes
the following documents for substantiation of its qualification:
(a)
Copies of the unaudited unconsolidated financial statements of the bidder
along with copies of the audited consolidated financial statements of its
HoldingCompany
(b) 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.