GAIL (India) Limited MECON LIMITED

minimum 8” NB, ANSI rating of 300# or above and length of 15 KM in one stretch as amain contractor.3.2 Financial Criteria3.2.1 The minimum annual turnover achieved by the bidder as per their audited financialresults for any one of the last three financial years shall be at least Rs 17 lakhs. Bidderis required to submit audited financial results for financial years 2001-2002, 2002-2003,and 2003-2004.3.2.2 Bidder’s Net Worth and return on equity as per last audited financial statement i.e. forthe financial year 2003-04, shall be positive.3.2.3 The bidder should have minimum working capital of Rs. 3.4 Lacs as per last financialyear i.e. 2003-04.If the bidder’s working capital is inadequate, the bidder should supplement this with aletter from his bank, having a net worth not less than Rs.100 Crores, confirmingavailability of line of credit to meet the shortfall in specified working capital requirement4. Bids from Joint Venture/ Consortium[Applicable in case of International Competitive Bidding]4.1 Bids are also acceptable from Joint Venture / Consortium if specifically permitted in aTender Document considering the requirement of the work subject to following :-(a)(b)(c)(d)(e)(f)the partner in- charge/ the leader of the Joint Venture/ Consortium respectivelyshould satisfy the requirement as per Bid Evaluation Criteria mentioned at ClauseNo. 3 above;the partner in charge /the leader of the Joint Venture/ Consortium respectivelyshould confirm unconditional acceptance of full responsibility of executing the‘Scope of work’ of this tender. This confirmation should be submitted along withthe techno-commercial bid;the bid security, the bid, and in case of a successful bid, the Agreement, shall besigned so as to be legally binding on all partners of Joint Venture/ members ofConsortium;one of the partners / members shall be nominated as being in charge / leader ofthe Joint, Venture/ Consortium respectively and this authorization shall beevidenced by submitting a power of attorney signed by legally authorizedsignatories of all the partners/members;the partner in charge / leader shall be authorized to incur liabilities and receiveinstructions for and on behalf of any and all partners of the Joint Venture/members of the Consortium and the entire execution of the Contract, includingpayment, shall be done exclusively with the partner in charge/ leader ofConsortium;all partners of the Joint Venture/ members of Consortium shall be liable jointlyand severally for the execution of the Contract in accordance with the contractterms, and a statement to this effect shall be included in the authorizationmentioned under (d) above, as well as in the bid and in the Agreement (in caseof a successful bid); and\\Rajesh\RAJESH\Cavery\Tender\Construction Tender-Vol - I of II.doc