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I INVITATION FOR BIDS (IFB)
Annexure-I
Qualifying Requirements
Qualifying Requirement for Construction of 56 nos. CISF B type quarters for Telengana Stage-I ( 2 x 800 MW)
1.0 Technical Criteria:
1.1 The bidder should have executed works within the preceding seven (7) years; reckoned as on the date of Scheduled
Techno-commercial bid opening, works comprising construction of RCC framed Residential/ Non- residential
building having high rise structures equal to or more than Ground+4 floors with executed order value(s) as per the
following:
Single order of value not less than Rs. 806.23 Lakhs.
OR
Two orders of value not less than Rs. 503.90 Lakhs each.
OR
Three orders of value not less than Rs. 403.12 Lakhs each.
2.0 Financial Criteria:
2.1 The average annual turnover of the bidder, in the preceding three (3) financial years as on the date of Techno-
commercial bid opening shall not be less than Rs. 549.70 Lakhs (Rupees Five hundred Forty nine lakhs and
Seventy 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 acceptable. In