INVITATION FOR BID (IFB)
Section I: Invitation For Bids (IFB):Version2
Page 3 of 4
Notes for Clause 1.0 above:
The word “executed” means the Bidder should have achieved the criteria specified in the
qualifying requirements at Clause 1.0, even if the contract has been started earlier and/or is not
completed/ closed and shall be considered as below.
Case-I: The work is started earlier prior to the period stipulated in Clause-1.0, but completed
within the stipulated period as mentioned in clause 1.0. In such cases, entire executed
value of the relevant work vide that work order shall be considered for evaluation.
Case-II: The work is started and completed within the stipulated period as mentioned in clause 1.0
Case-III: The work is started within the stipulated period as mentioned in clause 1.0 but not
completed as on the last date of stipulated period. In such cases, “In Progress” executed
value of the relevant work vide that work order as on the last date of stipulated period,
shall be considered for evaluation.
Remarks: Any of the above cases shall be supported by documentary evidence issued by the
"Owner".
"Owner" means the entity which has the original requirement of the subject work and has initiated
and awarded the work to the contractor (bidder) for executing the reference work against which the
credentials have been submitted.
And the "Owner" defined as above is not a contractor to any other entity for the reference work.
In case, the bidder has worked as approved sub-Contractor/sub-vendor, he has to provide
documentary evidence issued by the "Owner".
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 249.59 Lakhs. (Rupees Two Crore
Forty-Nine Lakhs Fifty- Nine Thousand only.)
Notes for Clause2.0 above:
(i) In case 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 acceptable. In case, Bidder is not able to submit the certificate from practicing
Chartered Accountant certifying its financial parameters, the audited results for the three
consecutive financial years preceding the last financial year shall be considered for evaluating the
financial parameters, a Certificate would be required from the CEO/CFO as per the format enclosed
in the bidding documents starting financial results of the company are under audit as on the date of
techno-commercial bid opening and the certificate from a practicing chartered accountant certifying
the financial parameters is not available.
(ii) Other income shall not be considered for arriving at annual turnover.