Road Construction Department Tender

The financial eligibility for bidders can be clustered into the following points: 1. Net Worth: - A minimum Net Worth of 25% of the Annual Potential Collection (APC) at the close of the preceding financial year. - In case a Bidder has already been awarded toll plaza(s) for collection of user fee, his net worth requirement shall be increased by 10% for each toll plaza awarded. - Net Worth shall mean (Subscribed and Paid-up Equity + Reserves) Less (Revaluation reserves + miscellaneous expenditure not written off + accrued liabilities not accounted for). 2. Net Cash Accruals: - Positive net cash accruals during any two financial years out of the last three financial years. - Net Cash Accruals shall mean Profit after Tax + Depreciation. 3. Turnover: - No specific turnover requirement is mentioned for eligibility, except a mention of "turnover in foreign currency" in a different context. 4. Revenue: - Not explicitly mentioned as a standalone eligibility criterion. 5. Net Profit: - Not explicitly mentioned as a standalone eligibility criterion, but mentioned as part of the calculation for Net Cash Accruals. 6. Other financial eligibility points: - Bid Security of Rs 24.87 Lakh, which shall be refundable no later than 180 days from the Bid Due Date, except in the case of the selected bidder whose Bid Security shall be retained till it has provided a Performance Security. - Performance Security consisting of a bank guarantee for an amount equal to 2 months' agreed remittance, valid for 26 months from the Bid Due Date. - Valuation of Assets: In the case of individual bidders, a valuation certificate of assets in the name of the individual, duly certified by a registered valuer and chartered accountant, is required. The assets shall be valued at circle rate, or at rates taken in any registration if circle rates are not available.