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Annexure-I
Qualifying Requirements
Qualifying Requirement for Toe Drain, Inspection Road, Turfing, Concreting, Instrumentation & Miscellaneous
Works of Ash Dyke.
1.0 Technical Criteria:
1.1 The bidder should have executed the works of “earthen dam work/ash dyke work/ reservoir embankment
work/canal embankment work” during the last seven (07) years, as on the date of scheduled techno-commercial bid
opening with executed order values meeting any of the following :
Single order with executed value not less than Rs. 20.12 crores
OR
Two orders with executed value not less than Rs. 12.58 crores each.
OR
Three orders with executed value not less than Rs. 10.06 crores each.
2.0 Financial criteria:
2.1 The average annual turnover of the Bidder, should not be less than Rs. 25.16 crores (Rupees Twenty five crores &
Sixteen Lakhs only) during the preceding three (3) completed financial years as on date of Techno-Commercial bid
opening.
2.2 In case a Bidder does not satisfy the annual turnover criteria, stipulated above 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 as on the last day of the preceding financial year (reckoned on the date of techno-
commercial bid opening) should not be less than 100% of the bidder’s paid up share capital. In case the Bidder
does not satisfy the Net worth criteria on its own, it can meet 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.
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 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
case, Bidder is not able to submit the Certificate from a 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