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Technical and Financial Eligibility Criteria for Submission of Proposals by Interested Parties


1.0 Conditions of Eligibility of Bidders


1.1 Technical Capacity: For demonstrating technical capacity and experience (the “Technical Capacity”), the Applicant shall, over the preceding 5 (five) financial years and current year up to the Application Due Date, have:


i. paid for, or received payments for, construction of Eligible Project(s); and/or


ii. paid for development of Eligible Project(s) in Category 1 and/or Category 2 specified in Clause 1.3; and/ or


iii. collected and appropriated revenues from Eligible Project(s) in Category 1and/or Category 2 specified in Clause 1.3, such that the sum total of the above, as further adjusted in accordance with clause 1.8, is more than Rs. 200 Crores (the “Threshold Technical Capability”).
Provided that at least one fourth of the Threshold Technical Capability shall be from the Eligible Projects in Category 1 and/ or Category 3 specified in Clause 1.3

1.2 Financial Capacity: The Applicant shall have a minimum Net Worth (the “Financial Capacity”) of Rs.50 Crores at the close of the preceding financial year. In case of a Consortium, the combined technical capacity and net worth of those Members, who have and shall continue to have an equity share of at least 26% (twenty six per cent) each in the SPC, should satisfy the above conditions of eligibility; provided that each such Member shall, for a period of 2 (two) years from the date of commercial operation of the Project, hold equity share capital not less than 26% (twenty six per cent) of the subscribed and paid up equity of the SPC.

Technical Capacity for purposes of evaluation

1.3 Subject to the provisions of Clause 1.1, the following categories of experience would qualify as Technical Capacity and eligible experience (the "Eligible Experience") in relation to eligible projects as stipulated in Clauses 1.5 and 1.6 (the "Eligible Projects"):
Category 1: Project experience on Eligible Projects in the field of Passenger Transportation such as railway stations, airports, ports, bus terminals/ stations, metro stations, mono rail stations etc. that qualify under Clause 1.5
Category 2: Project experience on Eligible Projects in core sector that qualify under Clause 1.5
Category 3: Construction experience on Eligible Projects in the field of Passenger Transportation such as railway stations, airports, ports, bus terminals/ stations, metro stations etc. that qualify under Clause 1.6
Category 4: Construction experience on Eligible Projects in core sector that qualify under Clause 1.6
(i) Core sector would be deemed to include railways (other than railway stations), roads and highways, power, telecom, metro rail (other than metro stations), industrial parks/ estates, logistic parks, pipelines, irrigation, water supply, sewerage, sports stadiums/ complexes and real estate development$ including commercial and institutional complexes
(ii) Passenger Transportation projects would be deemed to include area for passenger amenities such as passenger waiting areas, platforms, circulation areas, arrival and departure areas etc.

1.4 Eligible Experience in respect of each category shall be measured only for Eligible Projects.

1.5 For a project to qualify as an Eligible Project under Categories 1 and 2:
(a) It should have been undertaken as a PPP project on BOT, BOLT, BOO, BOOT or other similar basis for providing its output or services to a public sector entity or for providing non-discriminatory access to users in pursuance of its charter, concession or contract, as the case may be;
(b) the entity claiming experience should have held, in the company owing the Eligible Project, a minimum of 26% (twenty six per cent) equity during the entire year for which Eligible Experience is being claimed;
(c) the capital cost of the project should be more than Rs. 20 Crores (Rupees twenty crores only); and
(d) the entity claiming experience shall, during the preceding 5 (five) financial years and current year up to the Application Due Date, have (i) paid for development of the project (excluding the cost of land), and/ or (ii) collected and appropriated the revenues from users availing of non-discriminatory access to or use of fixed project assets, such as revenues from highways, airports, ports and railway infrastructure, but shall not include revenues from sale or provision of goods or services such as electricity, gas, petroleum products telecommunications or fare/freight revenues and other incomes of the company owning the Project.

1.6 For a project to qualify as an Eligible Project under Categories 3 and 4, the Applicant should have paid for execution of its construction works or received payments from its client(s) for construction works executed, fully or partially, during the preceding 5 (five) financial years and current year up to the Application Due Date, and only the payments (gross) actually made or received, as the case may be, during such 5 (five) financial years shall qualify for purposes of computing the Experience Score. However, payments/ receipts of less than Rs. 20 Crores (Rupees twenty crores only) shall not be reckoned as payments/ receipts for Eligible Projects. For the avoidance of doubt, construction works shall not include supply of goods or equipment except when such goods or equipment form part of a turn-key construction contract/ EPC contract for the project. Further, the cost of land shall not be included hereunder.

1.7 The Applicant shall quote experience in respect of a particular Eligible Project under any one category only, even though the Applicant (either individually or along with a member of the Consortium) may have played multiple roles in the cited project. Double counting for a particular Eligible Project shall not be permitted in any form.

1.8 Applicant’s experience shall be measured and stated in terms of a score (the "Experience Score"). The Experience Score for an Eligible Project in a given category would be the eligible payments and/ or receipts specified in Clause 1.1, divided by one crore and then multiplied by the applicable factor in Table below. In case the Applicant has experience across different categories, the score for each category would be computed as above and then aggregated to arrive at its Experience Score.

Factors for Experience across categories

Factor
Category 1 1.25
Category 21.00
Category 3 0.75
Category 4 0.50