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5.1.4 Bidder seeking qualification through clause 5.1.2 shall furnish
undertaking(s) jointly executed by it and its Collaborator(s)/ Associate(s) for
the successful performance of the relevant system(s) of the contract, as per
Employer’s format enclosed in the bidding documents. The Deed(s) of Joint
Undertaking(s) shall be submitted along with the Techno-Commercial bid,
failing which the Bidder shall be disqualified and its bid shall be rejected.
Further, in case of award, each of Bidder’s Collaborator(s)/ Associate(s)
shall be required to furnish an on demand bank guarantee as per the
format enclosed with the bidding documents for a value equal to 1% (one
percent) of the total contract price in addition to the contract performance
security to be furnished by the Bidder.
5.2.0 Financial Criteria:
5.2.1 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 INR 3108 Lakhs (Indian Rupees Three Thousand One
Hundred Eight Lakhs only).
In case the Bidder does not satisfy financial criteria, stipulated above on its
own, its Holding Company would be required to meet the stipulated
turnover requirements 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 its Holding Company,
supported by the Holding Company’s Board Resolution as per the format
enclosed with the bidding documents, pledging unconditional and
irrevocable financial support for the execution of the Contract by the
Bidder in case of award.
5.2.2 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 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, if permitted under technical criteria for
qualification under Cl. 5.1.0 above, the Net worth of all Consortiums/Joint