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    Financial Eligibility Criteria To Be Prescribed in The Tender Document

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    mecon bhilai
    The document outlines two financial eligibility criteria for bidders: 1) an average annual financial turnover of at least Rs. 37,800,000 over the last three financial years from 2017-2018 to 2019-2020, as evidenced by audited annual reports or certified documents from a chartered accountant. Revenue from operations will be used to determine turnover. 2) a positive net worth in the last financial year of 2019-2020 according to audited annual accounts.

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    Financial Eligibility Criteria To Be Prescribed in The Tender Document

    Uploaded by

    mecon bhilai
    27 views1 page
    The document outlines two financial eligibility criteria for bidders: 1) an average annual financial turnover of at least Rs. 37,800,000 over the last three financial years from 2017-2018 to 2019-2020, as evidenced by audited annual reports or certified documents from a chartered accountant. Revenue from operations will be used to determine turnover. 2) a positive net worth in the last financial year of 2019-2020 according to audited annual accounts.

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    Tender

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    Financial Eligibility Criteria to be prescribed in the tender document

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    The document outlines two financial eligibility criteria for bidders: 1) an average annual financial turnover of at least Rs. 37,800,000 over the last three financial years from 2017-2018 to 2019-2020, as evidenced by audited annual reports or certified documents from a chartered accountant. Revenue from operations will be used to determine turnover. 2) a positive net worth in the last financial year of 2019-2020 according to audited annual accounts.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views1 page

    Financial Eligibility Criteria To Be Prescribed in The Tender Document

    Uploaded by

    mecon bhilai
    The document outlines two financial eligibility criteria for bidders: 1) an average annual financial turnover of at least Rs. 37,800,000 over the last three financial years from 2017-2018 to 2019-2020, as evidenced by audited annual reports or certified documents from a chartered accountant. Revenue from operations will be used to determine turnover. 2) a positive net worth in the last financial year of 2019-2020 according to audited annual accounts.

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    © All Rights Reserved
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    Financial Eligibility Criteria to be prescribed in the tender document :

    1. Average annual financial  turn-over of the bidder shall not be less than Rs. 37,800,000 /-
    (Rupees Three Crore Seventy Eight Lakhs only)   during the last three (03) consecutive
    financial years during 2017-18, 2018-2019 & 2019-2020.

    The Bidder shall submit copy of Audited Annual Reports (financial statement) clearly
    evidencing the Annual Financial Turn-Over figure for last 3 (three) consecutive financial
    years as mentioned herein above at (1) in support of their meeting above stipulated financial
    criterion.
    In case of non availability of Audited Annual Reports (financial statement) for any genuine
    reasons, as an alternative, with reasoned proof, the bidder may submit certificate(s) from a
    practicing Chartered Accountant, duly notarized, in support of their financial credentials, in
    lieu of the Annual Reports .

    Revenue from Operations shall be considered for the purpose of determining the
    turnover.

    2.   The net worth of the bidder should be positive in the last financial year i.e 2019-2020, as per
    Audited Annual Accounts.

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