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2. In case of contract(s) under execution as on the date of Techno-commercial bid
opening, the value of work executed till such date will be considered provided the
same is duly certified by the Employer.
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
Employer specifying the scope of work executed by the sub-contractor in support
of qualifying requirements.
4. Maintenance of generator refers to only mechanical works related to generator
and auxiliaries.
5. Maintenance Contract of BOPs (Balance of Plant) must include maintenance of
‘CW Pump House’, ‘Fire Fighting System’ and ‘Cooling Tower’.
6.2 Financial criteria:
6.2.1 The average annual turnover of the Bidder, should not be less than ₹ 282.39 Lakh
(Rupees Two Hundred Eighty-Two Lakh and Thirty-Nine Thousand only) during
the preceding three (3) completed financial years as on the date of Techno-commercial
bid opening.
6.2.2 In case the bidder does not satisfy the financial criteria, stipulated at Cl. 6.2.1
above on its own, its holding company would be required to meet the stipulated turnover
requirements at Cl. 6.2.1 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.
6.2.3 The Net Worth of the bidder shall not be less than 100% of the bidder’s paid up
share capital as on the last day of the preceding financial year. In case the Bidder meets
the requirement of Net Worth based on the strength of its Subsidiary(ies) and/or Holding
Company and/or Subsidiaries 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 their
respective paid up share capitals and Y1, Y2, Y3 are individual paid up share capitals
6.2.4 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.