NTPC LIMITED
(A Government of India Enterprise)
Western Region – 1 Shared Service Center
P.O. Adityanagar, Kawas
Surat-394516, Gujarat
NTPC/KAWAS/9900211097 NIT Page 3 of 4
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 computing 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 Notwithstanding anything stated above, the Employer reserves the right to assess the capabilities
and capacity of the Bidder/ his collaborators / associates/ subsidiaries/ group companies to
perform the contract, should the circumstances warrant such assessment in the overall interest
of the Employer.
9.0 NTPC reserves the right to reject any or all bids or cancel / withdraw the Invitation for Bids/NIT
without assigning any reason whatsoever and in such case no bidder / intending bidder shall
have any claim arising out of such action.
10.0 Issuance of bid documents to any Bidder shall not construe that such bidder is considered
qualified. Bids shall be submitted online and opened at the address given below in the presence
of Bidder’s representatives who choose to attend the bid opening. Bidder shall furnish Cost of
bidding document, Bid Security and Power of Attorney separately offline as detailed in Bidding
Documents by the stipulated bid submission closing date and time at the address given below.
11.0 Transfer of Bidding Documents purchased by one intending Bidder to another is not permissible.