Qualification Criteria for Average. Annual Turnover for three (3) financial years in last five years The bidder should maintain an average annual turnover of at least 100 percent of the total value of work for respective vessel(s), for maximum IT return of three years in last five years to qualify for this work. In the event of a JV / Consortium, all parties combined shall together meet the Qualification requirement of Average Annual Turnover. Note: In case a Bidder intends to bid for more than one (1) vessel, then the qualification criteria of Average Annual Turnover shall be the sum of individual requirement of each vessel for which the Bidder is submitting the bid.
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Sources: Tender Agreement, Tender Agreement
Qualification Criteria for Average. Annual Turnover for three (3) financial years in last five years The bidder should maintain an average annual turnover of at least 100 30 percent of the total value of work for respective vessel(s), for maximum IT return of three years in last five years to qualify for this work. In the event of a JV / Consortium, all parties combined shall together meet the Qualification requirement of Average Annual Turnover. Note: In case a Bidder intends to bid for more than one (1) vessel, then the qualification criteria of Average Annual Turnover shall be the sum of individual requirement of each vessel for which the Bidder is submitting the bid.
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