Average Annual Turnover definition

Average Annual Turnover during the past 3 years [Bid requirement: Should have Minimum average Annual turnover of Rs. 264.49 lakhs, calculated as total certified payments received for contracts in progress or completed during the past 3 years, i.e. from 1st April 2018. Total value of Civil Engineering Construction work performed in the last Three years (in Rs. Lakhs).To support your claim also submit the Audited Balance Sheets and Auditor/Charted Accountant's certificate. Financial Year Annual Turnover- Rs. In Lakhs
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Average Annual Turnover. Minimum average annual turnover of INR 173.61 Crore calculated as total certified payments (certified by CA) received for contracts in progress or completed, within the last 05 years.
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Average Annual Turnover for last three (3) financial years
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Examples of Average Annual Turnover in a sentence

  • Each of the Ratios shall be Evaluated based on the Submissions signed by the Auditor (b) Score  0 – 2 Marks per Ratio 3.2 Average Annual Turnover Average Annual turnover of KShs.

  • Fifteenth Average Annual Turnover Certificate / Statement duly verified and audited by Charted Accountant (for the F.Y. 2020-21, 2021-22 & 2022-23).

  • 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.

  • For e.g., if there are three members in a Joint Venture/Consortium with pro-rata percentage participation of „A%‟, „B%‟ and „C%‟ and the Average Annual Turnover of the respective members are „X‟, „Y‟ and „Z‟, then the evaluation for the above criteria will be based on the pro-rata percentage applied algebraic aggregate i.e. „AX+BY+CZ‟.

  • Average Annual Turnover from supply of polyfilm business should be minimum 1crore for the last 3 financial years.

  • Bidder / Tenderer should have minimum Average Annual Turn-over of Rs. 70 Lacs (Indian Rupees Seventy Lacs) during the last three financial years i.e., FY 2010 -21, FY 2021 -22, FY 2022 -23.

  • Further, in case, two or more responsive bidders have the same higher/ highest Average Annual Turnover, then the decision shall be taken by MD, NMRC which will be final & binding and notified to the concerned Bidders.

  • Fifteenth Average Annual Turnover Certificate / Statement duly verified and audited by Charted Accountant (for the F.Y. 2021-22, 2022-23 & 2023-24).

  • Bidder / Tenderer should have minimum Average Annual Turn-over of Rs. 5 Crores (Indian Rupees Five Crores) in the preceding 3 (Three) years.


More Definitions of Average Annual Turnover

Average Annual Turnover means the revenue earned by the Bidder by offering services to their clients. “Parent Company” shall mean a company which holds more than 50% (fifty percent) voting equity either directly or indirectly in the Bidder.
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