Common use of Qualification Criteria Clause in Contracts

Qualification Criteria. to qualify for award of the contract the bidder:- a) A Bidder may be a contractor or subcontractor, either single entity or a joint venture of maximum two members. b) In the case of a JV, both the members shall be jointly and severally liable for the execution of the Contract in accordance with the Contract terms. The JV shall nominate a Representative who shall have the authority to conduct all business for and on behalf of any and both the members of the JV during the bidding process and, in the event the JV is awarded the Contract, during contract execution. Based on the “One Bid Per Bidder” principle, which is to ensure fair competition, a firm and any affiliate that directly or indirectly controls, is controlled by, or is under common control with that firm shall not be allowed to submit more than one Bid, either individually as a Bidder or as a member of a JV. Bids submitted by a JV shall include a copy of the Joint Venture Agreement or a letter of intent to execute a Joint Venture Agreement in the event of a successful Bid, shall be signed by both members and submitted with the Bid. The Bid Security of a JV shall be in the name of the JV that submits the Bid. If the JV has not been legally constituted into a legally enforceable JV at the time of bidding, the Bid Security shall be in the names of all future members as named in the letter of intent. In case the Bidder is a JV, the Bid shall be signed by an authorized representative of the JV on behalf of the JV, and so as to be legally binding on both the members as evidenced by a power of attorney signed by their legally authorized representatives. In case of a JV, the JV together shall satisfy the financial and work experience criteria. c) Should be a registered Civil Contractor with Assam PHED, Assam PWD, AUWSSB, GMC or GMDA. In case of JV, both the members shall satisfy this criteria. d) Bidder should have satisfactorily executed as a prime contractor or sub-contractor, at least one similar work of value not less than Rs. 30 lakhs between 1st April 2016 and Bid submission deadline; e) Should have average Annual turnover of Rs. 100 lakhs, calculated as total certified payments received for contracts in progress or completed during the past 3 years, i.e., starting from 1st April 2016; f) The Bidder must demonstrate access to, or availability of, financial resources such as liquid assets, unencumbered real assets, lines of credit, and other financial means, other than any contractual advance payments to meet: Minimum cash-flow requirement: Rs. 30 lakhs during the duration of Contract.