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 civil / structural work(s) including ‘Supply &
Installation’ of cladding and roofing sheets having minimum order value as Rs. 385
Lakh (Rupees Three Hundred Eighty Five Lakh Only ) in maximum 3 (Three) orders
in the preceding seven (07) years prior to the date of techno commercial bid opening.
Notes for Clause 1.0 above:
(i)The word “executed” means the Bidder should have achieved the criteria specified in the qualifying
requirements even if the contract has been started earlier and/or is not completed/ closed
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. 480.94
Lakh (Rupees Four Hundred Eighty Lakh Ninety Four Thousand Only ).
2.0(a) In case the bidder does not satisfy the average annual turnover criteria, stipulated above 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.
2.0(b)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.
2.0(c) 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 :
(i) Copies of the unaudited unconsolidated financial statements of the bidder along with copies of the
audited consolidated financial statements of its Holding Company.
(ii) 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 financial statements of the Holding Company.
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 practising Chartered Accountant shall be considered acceptable. In