Urban Administration And Development Tender

The financial eligibility criteria for the bidder to participate in the tender can be clustered into the following points: 1. Net Worth: - Minimum net worth: INR 63 Cr. or its US$ equivalent in each of the last three financial years. - Recommended net worth: 25% of the estimated Capital Cost for which the bids are being invited. 2. Cash Credit Facility: - Minimum available cash credit facility: Not specified in INR or US$ million, but should be equivalent to the estimated average cash flow for 3 months in the construction period. 3. Turnover: - Annual turnover data in the area of infrastructure development and engineering construction for the last five years is required. 4. Net Cash Accruals: - Defined as Profit after Tax + Depreciation, data for this is required. 5. Revenue: - Annual financial data, including turnover, net worth, and net cash accruals, for the last five years is required. 6. Financial Soundness and Adequate Sources to Meet Financial Commitments: - Joint Venture partners must satisfy these criteria, with specifics including: - Jointly satisfying the financial soundness criteria. - Each partner satisfying the criteria as stated. - Having adequate sources to meet financial commitments as set out. 7. Audited Balance Sheets: - Submission of audited balance sheets or other acceptable financial statements for the last five years to demonstrate current financial soundness and prospective long-term profitability.