Municipal Corporation Tender

The financial eligibility criteria for the bidder to participate in this tender can be clustered into the following points: 1. Net Worth: The bidder must possess a net worth equivalent to a minimum of INR 9.85 Crore in any of the three financial years from the last five years preceding the date of submission of the bid. 2. Cash Credit Facility: The bidder must have an available cash credit facility equivalent to a minimum of INR 9.85 Crore as on the date of submission of the bid. 3. Audited Balance Sheets: The bidder's audited balance sheets for the last five years must demonstrate the current soundness of the bidder's financial position and indicate its prospective long-term profitability. 4. Annual Turnover: Bidders are required to provide annual turnover data for the past five years, specifically in the area of infrastructure development and engineering construction. However, no specific values or percentages are mentioned. 5. Net Cash Accruals: Defined as Profit after Tax + Depreciation, but no specific values or percentages are mentioned. 6. Financial Soundness: Joint Venture partners must jointly satisfy the financial soundness criteria, which includes all partners jointly for certain financial requirements, financial soundness for each partner of the JV, and adequate sources to meet financial commitments for all partners jointly. 7. Percentage Shareholding: Joint Venture participants must provide a document confirming the percentage shareholding of each participant in the company to be established, including the financial stake of each partner in the JV partnership. No specific information is found regarding revenue or net profit.