2
The bidder should have valid technology license agreement/ agreement for right to use of
technology with a technology provider who meets the Technical Criteria as mentioned in Clause 1.1
above.
1.3 In such case, the Bidder should furnish a Deed of Joint Undertaking (DJU) executed by the
Bidder and the Technology License Provider as per the format enclosed in the bidding documents,
in which the Bidder and Technology License provider shall be liable for successful completion of the
Contract. The DJU should be submitted along with the Techno-Commercial bid, failing which the
Bidder shall be disqualified and its bid shall be rejected.
1.4 In case of award, the Technology Licensor shall be required to furnish an on demand bank
guarantee as per the format enclosed with the bidding documents for a value equal to 2.0% (Two
percent) of the contract price of this package in addition to the contract performance security to be
furnished by the Bidder.
Notes for Clause 1.0
a) In case the award for the reference work(s) has been received by the Bidder either directly from
owner of plant or any other intermediary organization, a completion certificate from such owner of
plant or the intermediary organization (together with certification/endorsement from the plant owner
towards successful execution of the reference work by the bidder) shall be required to be furnished
by the Bidder along with its techno-commercial bid in support of its claim of meeting requirement of
QR.
b) One Technology Licenser may tie up with multiple EPCs through separate Deed of Joint
Undertaking.
c) If the bidder meets Technical Criteria as per Clause 1.2 above, it has to source the technology for
which he is qualified. Further, in case of award, if the bidder fails to complete the project, NTPC
shall have the right to carry-out un-finished work through technology provider or any other agency
at the bidder’s risk and cost.
d) If the bidder meets Technical Criteria as per Clause 1.2 above, it shall be required to furnish copy
of valid Technology License agreement/agreement for right to use of technology along with its
techno-commercial bid in support of its claim of meeting requirement of QR which shall be valid for
at-least four years from the bid opening date.
2.0 FINANCIAL CRITERIA
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 3.78 Crore (Indian Rupees
Three point seven eight crore only).
2.2 In case a Bidder does not satisfy the average annual turnover 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 required 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 and
irrevocable financial support for the execution of the Contract by the Bidder in case of award.
2.3 In case the Bidder is not able to furnish its audited financial statements on standalone 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