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.
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. 348.98 Lakhs (Rupees Three Hundred Forty-Eight Lakhs
Ninety-Eight Thousand only)
Notes for Clause2.0 above:
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.
Other income shall not be considered for arriving at annual turnover.
7. Notwithstanding anything stated above, the Employer reserves the right to assess the capabilities and
capacity of the Bidder/ his collaborators / associates/ subsidiaries/ group companies to perform the
contract, should the circumstances warrant such assessment in the overall interest of the Employer.