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.
7.2 Financial criteria:
7.2.1 The average annual turnover of the Bidder, should not be less than ₹ 131.42
Lakh (Rupees One Hundred Thirty-One Lakh and Forty-Two Thousand 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 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.
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 Report of the Holding
Company.
7.2.4 In cases where audited results for the last preceding 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 documents stating that the
Financial results of the Company are under audit as on the date of Techno-
commercial bid opening and the Certificate from the practicing Chartered
Accountant certifying the financial parameters is not available.