2. In case of orders under execution, the value of work executed till the date of Techno-
commercial bid opening duly certified by the owner shall be considered acceptable.
3. Reference work executed by the bidder as a sub-contractor may also be considered
provided the certificate issued by main contractor is duly certified by the owner specifying
the scope of work executed by the sub-contractor in support of qualifying requirements.
7.2 Financial criteria:
7.2.1 The average annual turnover of the Bidder, should not be less than ₹ 68.51 Lakh
(Rupees Sixty- Eight Lakh and Fifty-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 arriving at annual turnover.
2. “Holding Company" and “Subsidiary Company” shall have the meaning ascribed to
them as per
Companies Act of India, in vogue.
8.0 NTPC shall allow purchase preference, as indicated in the bidding documents, to
bids from local suppliers as defined in the bidding documents. The bidders may
apprise themselves of the relevant provisions of bidding documents in this regard
before submission of their bids.