Executed value not less than Rs. 253 Lakhs in Two Contracts each.
OR
Executed value not less than Rs. 202 Lakhs in Three Contracts each.
Similar works is explained at point no. 5.1.1.
The word "executed" means the bidder should have ac
hieved the criterion specified in the QR.
even if the total contract is not completed /closed. In case of contract(s) under execution as on
date of techno commercial bid opening, the value of work executed till such date will be
considered provided the same is certified by the employer.
2. Buffer hopper located adjacent to ESP shall not be considered as Intermediate/Storage
Silo.
5.2 Financial Criteria :
The average annual turnover of the Bidder, in the preceding three (3) financial years as on
the date of Techno-commercial bid opening, shall not be less than Rs. 506 Lakhs (Rupees File
Hundred and Six Lakhs only)
5.2.2 Net worth of bidder shall not be less than l 00% 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%t or 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)x100 where x1, x2, x3 are individual net
worth which shall not be less than 75%o of the respective paid up share capitals and y1,y2, y3
are individual paid up share capitals.
In case 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 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.
In case the bidder is not able to furnish its audited financial statements on standalone entity
basis, the unaudited unconsolidated financial statements of the bidder can be considered
acceptable provided the bidder furnishes the following further documents on substantiation
of its qualification.
Copies of the unaudited unconsolidated financial statements of the bidder along with copies
of the audited consolidated financial statements of the Holding Company.
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 report of the company.
5.2.5 In case a bidder does not satisfy the financial criteria, stipulated at CI. 5.2.1 and/ or Cl.5.2.2
above on its own. the holding company would be required to meet the stipulated turnover
requirements at CI.5.2.1 above, provided that the net worth of such holding company as on
the last day of the preceding financial year is atleast equal to or more than the paid-up share
capital of like holding company. In such an event, the bidder would be required to furnish
along with its 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.