Qualification Criteria for Average Sample Clauses
The 'Qualification Criteria for Average' clause defines the specific conditions or standards that must be met for a particular average—such as a performance metric, financial figure, or other quantifiable measure—to be considered valid under the agreement. This clause typically outlines the time period, data sources, or calculation methods that determine which data points are included in the average, and may exclude outliers or non-representative results to ensure fairness. Its core function is to ensure that averages used in the contract accurately reflect typical performance or outcomes, thereby preventing disputes over how averages are calculated and applied.
Qualification Criteria for Average. Annual Turnover for three (3) financial years in last five years The bidder should maintain an average annual turnover of at least 100 percent of the total value of work for respective vessel(s), for maximum IT return of three years in last five years to qualify for this work. In the event of a JV / Consortium, all parties combined shall together meet the Qualification requirement of Average Annual Turnover. Note: In case a Bidder intends to bid for more than one (1) vessel, then the qualification criteria of Average Annual Turnover shall be the sum of individual requirement of each vessel for which the Bidder is submitting the bid.
Qualification Criteria for Average. Annual Turnover for last three (03) financial years, i.e. 2017-18, 2018-19 and 2019-20 and duly certified by the statutory Auditor on the letter head of Charted Accountant/Statutory Auditor as indicated in the section IV: Form -4C
Qualification Criteria for Average annual turnover for last 3 financial years i.e. 2019- 20, 2020-21, and 2021-22
Qualification Criteria for Average. Annual Turnover for last three (3) financial years
Qualification Criteria for Average. Annual Turnover for last three (3) financial years At least 100% of the estimated cost of this work to qualify for this work.
Qualification Criteria for Average annual turnover for each of last 3 financial years i.e. 2014-15, 2015-16 and 2016-17
(i) At least 100% of the estimated cost to qualify for this work.
(ii) In the event of a Joint Venture, all parties combined shall together meet the Qualification requirement of “Average Annual Turnover.
Qualification Criteria for Average. Annual Turnover of Bidder for last three (03) years ending 31st March of the previous financial years i.e. 2017-18, 2018-19 and 2019-20 and duly certified by the Statutory Auditor on the letter head of Chartered Accountant/ Statutory Auditor as indicated in Section IV: Form-4C. At least INR 46,40,400 (INR Forty-six lakh, forty thousand four hundred only) and may be considered as average annual turnover may be equal to 40% of estimated value i.e., INR 1,95,05,148/- (INR One Crore Ninety Five Lakh Five Thousand One Hundred Forty Eight Only).