Tender Ref No /Tender ID : NTPC/SSC-VSR/9900204672
DETAILED INVITATION FOR BIDS
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 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 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.
2.0 (d) In case a bidder does not satisfy the financial criteria, stipulated at Cl. 2.0 (a) above on its own,
its holding company would be required to meet the stipulated turnover requirements at Cl. 2.0
(a) 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, 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.
NOTE:
(i) Net worth means the sum total of the paid up share capital and free reserves. Free reserves
means all reserves credited out of the profits and share premium account but does not include
reserves credited out of the resolution of the assets, write back of depreciation provision and
amalgamation. Further any debit balance of profit and Loss account and miscellaneous
expenses to the extent not adjusted or written off, if any, shall be reduced from reserves and
surplus.
(ii) Other income shall not be considered for arriving at annual turnover.
(iii) "Holding Company" and "Subsidiary" shall have the meaning ascribed to them as per
Companies Act of India.
(iv) For Turnover indicated in foreign currency, the exchange rate as on seven (07) days
prior to the date of techno -commercial bid opening shall be used.
7.0
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.
8.0
Employer reserves the right to reject any or all bids or cancel / withdraw the Invitation for Bids
without assigning any reason whatsoever and in such case no bidder / intending bidder shall have
any claim arising out of such action
SECTION - I (IFB)