M/S Gaanesh Kartikey Construction Pvt. Ltd. Vs Union of India and Others — Punjab & Haryana HC (2025) — LawSathi Research

M/S Gaanesh Kartikey Construction Pvt. Ltd. Vs Union of India and Others — Punjab & Haryana HC (2025) — LawSathi Research

Srl.	Particulars	Fina	ncial Year (Las	t Three Years)
No.
		2023-24	2022-23	2021-22
1.	Gross Annual Turnover of General Construction Work	11147.13	8068.46	12576.04
2.	Turn-Over on Civil Engg. Construction Works	11147.13	8068.46	12576.04
3.	Profit/loss after Taxes	418.43	346.61	577.44”

Srl. No.	Description	Fin	ancial Dat Financia	a for La l Years	st Five A (In Crore	udited s)
		FY2023 -24	FY2022- 23	2021- 22	FY2020 -21	FY2019- 20
1.	Maximum value of Civil Engineering Works executed in any one year during the last 5 (five) years	111.47	80.68	125.76	81.79	119.01
2.	Updated Executed works to current costing level of enhancing at a simple rate of interest @ 7% per annum					160.66 (119.01 x 1.35)

Sr. No.	Reference	Existing Provision	Modified Provision
1.	xxxxx	xxxxx	xxxxx
2.	Bidding Capacity of tenderer	Para– 33.6 In case of works costing more than Rs. 50 Cr. NIT approving authority may specify in the NIT that bidding capacity of tenderer shall be additional criterion for pre-qualification of the contractor. The bidding capacity of tenderer shall be worked out from the following formula.	Para– 33.6 (Note: The bid capacity shall be applicable for the work costing more than Rs. 50 Cr.) For works costing more than Rs. 50 Cr. bidding capacity of tenderer shall be additional criterion for pre- qualification of the contractor. The bidding capacity of tenderer shall be worked out from the following formula.
		B= 1.5* N*T-A Where B – is the Bidding Capacity	B= 2* N*T-A Where B – is the Bidding Capacity

3.	xxxxx	xxxxx	xxxxx
4.	xxxxx	xxxxx	xxxxx
5.	Financial Capacity	Average Annual Financial Turnover The applicant should have Average Annual Financial Turnover of the bidders during the last three years ending 31st March of the previous financial year should be at least 30% of the estimated cost.	The applicant should have Average Annual Financial Turnover of the bidders during the last three years ending 31st March of the previous financial year should be at least 30% of the1.18 times of the estimated cost (excluding GST).
		Minimum Annual Value of General Construction Work No existing provision Minimum Net Worth The applicant should have a minimum net worth of at least 15% of the estimated cost as on last financial year. Net Worth of the company shall not be eroded by more than 30% in last three financial years.	The applicant should have achieved minimum annual value of general construction work (as certified by Chartered Accountant, and at least 50 (fifty) percent of which is from Engineering (Civil/ Electrical/Mechanical as relevant to the work being procured) construction works) carried out in any of the year during last five (05) years, ending 31st March of previous year, calculated by applying a multiplier of 2 for the project costing upto Rs. 1500 Crores and 1.5 for the projects costing more than Rs. 1500 Crores to the projected annual construction expenditure on the subject contract. No change