Annual Turn Over definition
Annual Turn Over means the aggregate value of the realization of amount made on account of similar works undertaken, by the Bidder during a relevant financial year
Examples of Annual Turn Over in a sentence
SOR Details Annual Turn Over No 1 QUOTED FOR PART Rs. 2,23,46,498.00 – A 2 QUOTED FOR PART Rs. 3,44,79,806.00 – B (ii) The financial Net Worth of the bidder should be positive as per the latest Audited Financial Statement.
Firms with less than 12 lakhs Annual Turn Over w.r.t. binding will not be allowed to participate in the bid.
The available bid capacity will be calculated base on the following formula: Available Bid capacity= 2 x A x N – B where, A= Average Annual Turn Over for last Three financial years.