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b) Executed value not less than INR 1008 Lakhs in two contracts each.
OR
c) Executed value not less than INR 806 Lakhs in three contracts each.
Notes for clause 5.1.1:-
The word “executed” means the bidder should have achieved the criterion
specified in the Qualifying Requirements, even if the total contract(s) is not
completed/ closed. In case of contract(s) under execution as on the date of techno-
commercial bid opening, the value of work executed till date will be considered
provided the same is certified by the employer.
5.2
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, shall not be less than Rs.
2016 Lakhs (Rupees Two Thousand and Sixteen Lakhs only).
Net worth of bidder shall not be less than 100% of the bidder’s paid up share capital
as on the last day of the preceding financial year. 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 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)x100 where x1, x2, x3 are
individual net worth which shall not be less than 75% of the respective paid up share
capitals and y1, y2, y3 are individual paid up share capitals.
5.2.3
In case the bidder is not able to furnish its audited financial statements on
standalone entity basis, the unaudited unconsolidated financial statements
of the bidder can be considered acceptable provided the bidder furnishes
the following further documents on substantiation of its qualification:
• Copies of the unaudited unconsolidated financial statements of the
bidder along with copies of the audited consolidated financial
statements of the Holding Company.
• 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 report of the company.
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 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