Notes for Clause 1.0 above:
(1) The word “executed” means the bidder should have achieved the criteria
specified in the above QR within the preceding seven (07) year period even if the
contract has been started earlier and/or is not completed/ closed.
(2) Reference work executed by a bidder as a sub-contractor may also be considered
provided the certificate issued by main contractor is duly certified by Project
Authority specifying the scope of work executed by the sub- contractor in support of
Qualifying Requirements.
2.0
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, should not be less than Rs. 35.35
Crore (Rupees Thirty Five Crore Thirty Five Lakh Only).
2.1
In case a bidder does not satisfy the financial criteria, stipulated above on its own, its
Holding Company would be required to meet the stipulated turnover requirements
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.
2.2
The 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 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 the
respective paid up share capitals and Y1, Y2, Y3 are individual paid up share
capitals.
2.3
In case the bidder is not able to furnish its audited financial statements on
standalone entity basis, the un-audited unconsolidated financial statements of the
bidder can be considered acceptable provided the bidder further furnishes the
following documents for substantiation of its qualification:
(a)
Copies of the un-audited unconsolidated financial statements of the bidder along
with copies of the audited consolidated financial statements of its Holding Company.