I INVITATION FOR BIDS (IFB)
g) The “one (1) year period” means any continuous 12 months’ period. However, for two
(2) concurrent works, the same 12 months’ period shall be considered.
h) In case of works stipulated in 1.1B above the word “earthwork” shall mean earth
/ash. The quantity of earthwork in filling only will be considered for qualification
i) Reference works executed by the bidder, as a member of Joint Venture /
Consortium/ Associate can also be considered provided
1) The allocation of scope of work between the partners of the Joint Venture /
Consortium/ Associate is clearly defined in the executed Joint Venture agreement/
Consortium Agreement/ Deed of Joint Undertaking and bidder’s scope of work and
break-up of quantities executed by them as individual contribution in the Joint
Venture / Consortium/Associate, duly authenticated by the Project Authority;
meet the relevant provisions of qualifying requirement.
2) In case the reference work has been executed by the Bidder in an integrated Joint
Venture wherein allocation of scope of work and break-up of quantities between the
partners is not clearly specified in the integrated Joint Venture Agreement, then for
Clause 1.1B above, the credit of executed quantities can be claimed by the bidder
in the ratio of bidder’s share in the integrated Joint Venture Agreement, provided
the bidder establishes that it regularly undertakes works as at Clause 1.1B above.
3) The executed works/ quantities by integrated Joint Venture shall be duly
authenticated by the owner/Project Authority. However, the bidder will not
be eligible to claim the credit of executed work by integrated Joint Venture for
Clause 1.1A above, unless the bidder has individually executed the
work meeting the requirement of Clause 1.1A above and which has been
duly authenticated by the owner/ Project Authority.
j) Reference work executed by the bidders as a sub-contractor may also be considered
provided the certificate issued by main contractor is duly certified by Owner/Project
Authority specifying the scope of work executed by the sub-contractor in support of
qualifying requirements.
2.0
2.1
2.2
2.3
Financial Criteria:
The average annual turnover of the Bidder, in the preceding three (3) financial years;
reckoned as on the date of Techno-Commercial Bid Opening shall not be less than INR
3048.00 Lakhs (Rupees Three thousand Forty Eight lakhs only).
In case the bidder does not satisfy the financial criteria, stipulated at Cl.2.1 above on its
own, its holding company would be required to meet the stipulated turnover requirements
at Cl. 2.1 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 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.
Net worth of bidder shall not be less than 100% of the bidder’s paid up share capital as on
the last day of the preceding financial year. 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. For Consortiums/Joint Ventures, wherever applicable,
the Net worth of all consortium/Joint Venture members in combined manner should not be