Financial Standing. The tenderer will be qualified only if they have minimum financial capabilities as below :-
(i) T1- Annual Turnover: The average annual turnover of the tenderer during last three audited financial years (2018-2019, 2019-2020 and 2020-2021) should not be less than Rs.
Financial Standing. In addition to the Criteria mentioned in the Tender Documents, the following financial standings will also be considered.
i. T1 – Liquidity: The Bidder must demonstrate that its financial resources less its financial obligations for its current contract commitments, meet or exceed the total requirement for the Subject Contract of INR 19.29
Financial Standing. The Tenderers will be qualified only if they have minimum financial capabilities as below:
i) T1-Liquidity: Solvency certificate from any scheduled bank not earlier than one year before the last date of submission of tender may be included. Solvency of the amount equal to 40% of the Estimated Cost put to tender.
Financial Standing. The tenderer will be qualified only if they have minimum financial capabilities as below :-
Financial Standing. The tenderers will be qualified only if they have minimum financial capabilities as below :-
(i) T1- Annual Turnover: The average annual turnover of the tenderer during last three audited financial years (2015-16, 2016-17 and 2017-18) should not be less than ₹ 2.87 Lakh. Financial data for the last three audited financial years has also to be uploaded by the tenderer (each member in case of JV) in Appendix-16 Form of Tender along with audited balance sheets. The financial data in the prescribed format shall be certified by chartered accountant with his stamp, signature and membership number. Also, if the tenderer provides no or NIL financial data for any of the above financial year, then his application shall not be considered and summarily rejected. The averages annual turnover of JV will be based on percentage participation of each member. Example: Let member-1 has percentage participation = M and member-2 has percentage participation = N, Let the averages annual turnover of member-1 is A and that of member-2 is B, then average annual turnover of JV will be = AM+BN Financial data for latest last three audited financial years has to be uploaded by the tenderer in Appendix-16 of Form of Tender along with audited balance sheets. The financial data in the prescribed format shall be certified by Chartered Accountant with his stamp and signature. In case audited balance sheet of the last financial year is not made available by the bidder, he has to submit an affidavit certifying that ‘the balance sheet has actually not been audited so far’. In such a case the financial data of previous ‘2’ audited financial years will be taken into consideration for evaluation. If audited balance sheet of any other year than the last year is not uploaded, the tender will be considered as non-responsive. Where a work is undertaken by a group, only that portion of the contract which is undertaken by the concerned applicant/member should be indicated and the remaining done by the other members of the group be excluded. This is to be substantiated with documentary evidence.
(a) to 1.2.2 (b) shall not imply that his bid shall automatically be accepted. The same should contain all technical data as required for consideration of tender prescribed in the ITT.
Financial Standing. Purchaser has the financial capacity to complete the transactions contemplated herein.
Financial Standing. Annual Turnover for the last 3 years Year 2016-2017 USD Year 2017-2018 USD Year 2018-2019 USD Financial information (in US$ equivalent) Historic information for the last 3 years Year 2016-2017 Year 2017-2018 Year 2018-2019 Information from Balance Sheet Total Assets (TA) Total Liabilities (TL) Current Assets (CA) Current Liabilities (CL) Information from Income Statement Total / Gross Revenue (TR) Profits Before Taxes (PBT) Net Profit Current Ratio ☐ Attached are copies of the audited financial statements (balance sheets, including all related notes, and income statements) for the years required above complying with the following condition:
Financial Standing. The Company is not subject to any bankruptcy or insolvency proceedings, and no order has been made and no resolution has been passed for the winding-up of the Company or for a provisional liquidator (“Nachlassverfahren”, “Notstundung”) to be appointed in respect of the Company and no petition has been presented for any of these proceedings relating to any of the Company or the Sellers.
Financial Standing. Buyer has the financial resources to consummate the transaction contemplated in this Agreement.
Financial Standing. This clause replicates the clause in the Framework Agreement which allows for termination if there is a change in the Consultant’s financial standing which affects or may affect the Consultant’s ability to perform the contract.
