and each executant of DJU shall be jointly and severally liable to the Employer for
successful performance of Chlorine Di-Oxide System/Plant, as per the format enclosed
with the bidding documents. The Deed of Joint Undertaking(s) (DJU) should be submitted
along with the bid failing which Bidder shall be disqualified and its bid shall be rejected. In
case of award, the 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 contract price in addition to the Contract
Performance Security to be furnished by the Bidder.
Note:
Chlorine Di-Oxide System/Plant supplied, erected and commissioned on hire/rental basis for at
least one (1) year which has been in successful operation for at least one (1) year prior to the
date of Techno-commercial Bid-opening shall also be accepted for the purpose of QR.
3.0 Financial Criteria:
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 Rs. 533 Lakh (Rupees Five
Hundred Thirty Three Lakh Only).
3.1 In case a bidder does not satisfy the 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 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.
3.2 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:
(a) Copies of the unaudited unconsolidated financial statements of the bidder along with copies
of the audited consolidated financial statements of its Holding Company.
(b) 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 financial statements of the Holding Company.
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 practising Chartered
Accountant shall be considered acceptable. In case, Bidder is not able to submit the certificate
from practising 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 practising Chartered Accountant certifying the financial parameters is