TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...

Tirupathi Urban Development Authority
6.4.2 For a Bidding Consortium
In case of a Bidding Consortium, simple aggregate of the technical and financial
capability of each member of the Bidding Consortium shall be considered for the purpose
of evaluation. The Bidding Consortium would be required to meet the threshold criteria on
the basis of aggregate figures subject to provisions of this Section 6.4.2.
6.4.3 Criterion for Financial Eligibility
For the purpose of qualification, a Bidder would be required to demonstrate the Threshold
Financial Capability measured on the following criteria:
i. Tangible Net Worth not less than Rs. 200 Crores for the last full financial
year; AND
ii. Aggregate Net Cash Accruals not less than Rs. 100 Crores for the last
two full financial years.
iii. Equity Financing Plan of the Bidder is explained in detail in Section 6.6
The criteria for Sections 6.4.3 (i) and 6.4.3 (ii) are a pass/fail test.
The Bidder should provide information regarding the above based on audited annual
accounts for the respective financial years, as per Exhibit 8. The Financial Year would be
the same as the one normally followed by the Bidder for its Annual Report. The Bidder’s
Financial Eligibility will have to be certified by a statutory auditor, as per Exhibit 8 Bid
Response 9.
The Application must be accompanied by the Audited Annual Reports of the Bidder (of
each member in case of a Bidding Consortium) for the last two (2) financial years. In case
the annual accounts for the latest financial year are not audited and therefore the Bidder
could not make it available, the Bidder shall give an undertaking to the same effect and
the statutory auditor shall certify the same. In such a case, the Bidder shall, for the
purpose of evaluation, provide the Audited Annual Reports for two years preceding the
latest completed Financial Year failing which the Application will be rejected as nonresponsive.
6.5 Determination of Technically & Financially Capable Bidders
6.5.1 In case of a Bidding Consortium, simple aggregate of the technical and financial
capability of each member of the Bidding Consortium shall be considered for the purpose
of evaluation, in proportion to their proposed equity holding in the project. The Bidding
Consortium would be required to meet the threshold criteria on the basis of aggregate
figures subject to provisions of this Section 6.5.
Request For Proposal
Development of Integrated Tourism Temple Township on Public Private Partnership Basis
33