7.0 Qualification Requirements for Bidders-
1.0 TECHNICAL CRITERIA:
The bidder should have executed the work of “Supply, Transportation and Stacking or Spreading of machine
crushed ballast of size 65/50 mm, conforming to Indian Railways specification on rail tracks” within preceding
seven (07) years reckoned from the date of Techno-commercial bid opening as per any of the following criteria:
i) One executed work valuing not less than Rs. 163.92 Lakh (INR One Hundred Sixty-three Lakhs and Ninety-two
Thousands only)
OR
ii) Two executed works, each valuing not less than Rs. 102.45 Lakh (INR One Hundred Two Lakhs and Forty-five
Thousands only)
OR
Three executed works, each valuing not less than Rs. 81.96 Lakh (INR Eighty-one Lakhs and Ninety-six Thousands
only)
Note:
The word “Executed” mentioned above means that the bidder should have achieved the criteria specified above within
the preceding seven (07) years period, even if the total contract is started earlier and/or is not completed/ closed.
2.0 FINANCIAL CRITERIA:
The Average Annual financial Turnover (AATO) of the bidder during preceding three (03) consecutive Financial years
prior to the date of techno- commercial bid opening should not be less than Rs. 136.50 Lakhs (INR One Hundred
Thirty-Six Lakhs and Fifty Thousand only).
3.1 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 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 requested 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 & irrevocable financial support for the
execution of the Contract by the Bidder in case of award.
3.2 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 the 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.
3.3 In cases 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 for the three (03) consecutive financial years preceding the last financial year shall be
considered for evaluating the financial parameters.
Further, a certificate would be required from CEO/CFO as per the format enclosed in the bidding document 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 financial parameters is not available.
3.4 Notes:
I. Bidder must submit documentary evidence issued by the owner, in support of having met the Qualifying