Public Health Engineering Department Tender

The bidder must demonstrate sufficient financial resources to cover 60% of the estimated project cost, which is 364.07 crore rupees. This must be shown using a prescribed format, combining liquid assets and unconditional bank commitments for financing the project. Liquid assets are calculated after deducting current contract commitments. Additionally, the bidder must have a minimum net worth of 30% of the estimated project cost at the close of the preceding financial year. For joint ventures, the combined financial capacity of members holding at least 26% equity each in the special purpose vehicle (SPV) must meet this requirement. Each member must maintain this equity share for two years post-project commissioning, holding no less than 26% of the SPV's subscribed and paid-up equity and 5% of the total project cost. Each member must also have a positive net worth in the immediately preceding financial year. Net worth is calculated as the aggregate value of paid-up share capital and reserves created from profits and securities premium, less accumulated losses, deferred expenditure, and miscellaneous expenditure not written off (excluding reserves from asset revaluation, depreciation write-back, and amalgamation).