The works referred to at clause 7.1.3 (a) & 7.1.3 (b) can be in same or different projects
Notes for Technical Criteria:
a. The reference SPV based grid connected power plant of 2.4 MWp or above capacity
should be at a single location developed by Bidder for itself or any other client.
b. SPV based Roof-top solar power projects, which are grid connected, shall also be
considered eligible for QR purposes.
c. Bidder shall submit certificate of successful completion and operation from the Owner.
d. Projects executed by Bidder’s group company, Holding Company or Subsidiary
Company shall not be considered as Bidder’s experience for meeting the QR.
e. In case the award for the reference works has been received by the Bidder either directly
from owner of plant or any other intermediary organization, a certificate from such owner
of plant or the intermediary organization shall
be required to be furnished by the Bidder along with its techno-commercial bid in support
of its claim of meeting requirement stipulated above. Certificate from owner of the plant
shall also be furnished by the Bidder for successful operation of the reference plant.
f. In case of developer as Bidder in clause 7.1.3, the documentary evidence (certified by
Chartered Accountant) for value of executed reference work must be submitted by the
g. Developer means an entity who has either executed or got executed the work/ project as
owner of industrial projects.
7.2.0 Financial Criteria
7.2.1 The average annual turnover of the Bidder, should not be less than INR 17.10 Crore
(Indian Rupees Seventeen Crore Ten Lakh only) during the preceding three (3) financial
years as on date of techno-commercial bid opening.
In case a Bidder does not satisfy the 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.
7.2.2 Net Worth of the Bidder as on the last day of the preceding financial year should not be
less than 100% (hundred percent) of Bidder’s paid-up share capital. In case the Bidder
does not satisfy the Net Worth criteria on its own, it can meet 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% (hundred percent) of their