I INVITATION FOR BIDS (IFB)
ANNEXURE-1
Qualifying Requirements
In addition to satisfactory fulfilment of the Qualifying requirements stipulated in Section–ITB (Instructions
to Bidders) of Bid documents, the following shall also apply:
1.0
Technical Criteria:
1.1 The bidder should have executed “Maintenance/ Maintenance Assistance/ Erection / Overhauling" of Control &
Instrumentation system including field equipment and instruments Works in Thermal Power Plant or Cement/ Chemical/
Steel/ Petro-Refinery/ Petrochemical Industry.
1.2 The bidder should have executed “Maintenance/ Maintenance Assistance/ Erection / Overhauling" of Control &
Instrumentation system in Thermal Power Plant or Cement/ Chemical/ Steel/ Petro-Refinery/ Petrochemical Industry in
the preceding seven (07) years; reckoned as on the date of techno-commercial bid opening with executed contract
value(s) as below:
i) Single contract with executed value not less than Rs. 168.24 lakhs.
OR
ii) Two contracts with executed value not less than Rs. 105.15 lakhs each.
OR
iii) Three contracts with executed value not less than Rs. 84.12 lakhs each.
2.0
Financial Criteria:
2.1 The average annual turnover of the bidder in the preceding three (03) financial years; reckoned as on the date
of techno commercial bid opening shall not be less than Rs. 210.30 lakhs ( Rupees Two hundred ten lakhs &
thirty thousand only)
2.2
In case a Bidder does not satisfy the annual turnover criteria, stipulated above at clause 2.1 on its own, its
Holding Company would be required to meet the stipulated turnover requirements as 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.
2.3)
Net Worth of the bidder should not be less than 100% of the bidder's paid up share capital as on the last day of
the preceding financial year on the date of techno-commercial bid opening. In case the bidder does not meet
the Net worth criteria on its own, it can meet the requirement of Net worth based on the strength of its
Subsidiary (ies) and/or Holding Company and/or Subsidiary(ies) 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. For
Consortiums/ Joint Ventures, wherever applicable, the Net worth of all consortium/Joint Venture members in
combined manner should not be less than 100% of their 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