Common use of Bank Solvency Clause in Contracts

Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for the amounts as mentioned in Section III Data Sheet. The solvency certificate submitted by the bidder shall not be older than one (01) year from the Bid Submission Last Date. In case bidder does not adhere to this criterion, his bids shall be considered non-responsive and shall not be considered for further evaluation process. The bank solvency certificate shall be from any Nationalized/Scheduled Bank in India in the name of the bidder. The bank solvency certificate can be submitted by any one member of the JV / Consortium and the name of that member submitting the bank solvency certificate shall be mentioned in the JV / Consortium Agreement.

Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for the amounts as mentioned in Section III Data Sheet. The solvency certificate submitted by the bidder shall not be older than one 01 (01One) year from the Bid Submission Last Date. In case bidder bidder, does not adhere to this criterion, his bids bid shall be considered non-responsive and shall not be considered for further evaluation process. The bank solvency certificate shall be from any Nationalized/Scheduled Bank in India in the name of the bidder. The bank solvency certificate can be submitted by any one member of the JV / Consortium and the name of that member submitting the bank solvency certificate shall be mentioned in the JV / Consortium Agreement.

Bank Solvency. ‌ All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for the amounts as mentioned in Section III Data SheetSheet The bidder should furnish Bank solvency certificate for the 40%of the amount stipulated for the work. The solvency certificate submitted by the bidder shall not be older than one (01) year 1year from the Bid Submission Last Date. In case bidder does not adhere to this criterion, criterion his bids shall be considered non-responsive and shall not be considered for further evaluation process. The bank solvency certificate shall be from any Nationalized/Scheduled Bank in India in the name of the bidder. The bank solvency certificate can be submitted by any one member of the JV / Consortium and the name of that member submitting the bank solvency certificate shall be mentioned in the JV / Consortium Agreement.

Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/nationalized / scheduled bank in India for the amounts as mentioned in Section III Data Sheet. The solvency certificate submitted by the bidder shall not be older than one (01) year from the Bid Submission Last Date. In case bidder does not adhere to this criterion, his bids shall be considered non-responsive and shall not be considered for further evaluation process. The bank solvency certificate shall be from any Nationalized/Nationalized / Scheduled Bank in India in the name of the bidder. The bank In case of a JV / Consortium, the solvency certificate can should be submitted by any one member of the JV / Consortium and in the name of that member submitting the bank solvency certificate shall be mentioned in the JV / Consortium AgreementLead Member.