Examples of Annual Turnover in a sentence
The information supplied should be the Annual Turnover of the Bidder in terms of the amounts billed to clients for each year for work in progress or completed to NRs at the end of the period reported.
Tenderer's Legal Name: Date: JV Member Legal Name: ITT No.: Page of pages Annual turnover data (applicable activities only)YearAmount and CurrencyUS$ equivalent *Average Annual Turnover *Average annual turnover calculated as total certified payments received for work in progress or completed, divided by the number of years specified in Section III, Evaluation and Qualification Criteria, Sub-Factor 2.3.2.
However, for Consortium/JV, such Average Annual Turnover should be at least 90% of the amount of tender in which the Consortium /JV intends to participate and each entity should have 20% of required Average Annual Turn Over for three preceding financial years.
However, in case bidder is meeting the Annual Turnover criteria of BEC based on Audited Financial Statement of any one of the preceding 3 financial years, the same shall suffice.
Confirmation showing Annual Turnover in civil engineering construction works of similar nature in the last three financial years.