c. Three (3) orders having contract value not less than ₹ 63.21 Lakh each.
Notes:
1. The word “executed” mentioned in clause 7.1 means that the bidder should have achieved
the criteria Specified in clause 7.1 with any of the following conditions:
i. Case – I: The work is started earlier (prior to the period stipulated in clause 7.1) but completed
within the stipulated period as mentioned in clause 7.1 In such cases, entire executed quantity of
the relevant work vide the work order shall be considered for evaluation.
ii. Case-II: The work is started and completed within the stipulated period as mentioned in clause
7.1. In such cases, entire executed value of the relevant work vide that work order shall be
considered for evaluation.
iii. Case-III: The work is started within the stipulated period as mentioned in clause 7.1 but not
completed as on the last date of stipulated period. In such cases, “In Progress” executed quantity
of the relevant work vide that work 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
that 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 ₹ 158.03 Lakh (Rupees
One Hundred Fifty-Eight Lakh and Three 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, 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:-
1. Copies of the unaudited unconsolidated financial statements of the bidder along with copies of
the audited consolidated financial statements of its Holding Company.
2. 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 company.