NTPC LIMITED
(A Government of India Enterprise)
Western Region – 1 Shared Services Centre
PO Adityanagar, Kawas
Surat – 394516, Surat
NIT Page 3 of 4
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 order(s) executed till the date of Techno-
commercial bid opening duly certified by owner shall be considered acceptable.
3. Authorized representative can qualify for their manufacturer’s product only.
7.2 Financial criteria:
7.2.1 The average annual turnover of the Bidder, should not be less than ₹ 176.91 Lakh
(Rupees One Hundred Seventy-Six Lakh and Ninety-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.
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