
c. Three (3) orders having contract value not less than Rs 162.16 lakhs. 
Notes for 7.1.1: 
1)  The  word  “Executed"  mentioned  above  means  that  the  bidder  should  have  achieved  the 
criteria  specified  above,  even  if  the  total  contract  is  started  earlier  and/or  is  not 
completed/closed. 
2)  In  case  of  order(s)  under  execution  the  value  of  work  executed,  till  the  date  of  Techno-
commercial bid opening, duly certified by employer shall be considered acceptable. 
 
7.2 Financial criteria: 
7.2.1  The  average  annual  turnover  of  the  Bidder,  should  not  be  less  than  ₹  405.41  Lakh 
(Rupees Four Hundred Five Lakh and Forty-One 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 of the holding company, 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 Holding Company. 
7.2.4  In  cases  where  audited  results  for  the  last  preceding  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 the Certificate from the practicing Chartered Accountant certifying the financial 
parameters is not available. 
NOTES: 
1. Other income shall not be considered for computing annual turnover.