Qualifying Criteria.

(1) The qualifying criteria used by the Procuring Entity to evaluate the responses to the Request for Qualification (RFQ) shall be objective, equitable, unambiguous, and shall be clearly stated in the Request for Qualification (RFQ). (2) The qualifying criteria shall cover the following aspects of the Applicant: (a) the Applicant’s experience and track record in delivering projects of similar nature; (b) the Applicant’s ability to deliver against the physical aspects of the Project including its ability and track record in delivering services under long-term contractual arrangements. (c) the capability of the Applicant to invest the capital that would be needed for the Project: (d) the ability of the Applicants to secure adequate funds on competitive terms, since Projects normally requires the Concessionaire to finance a substantial part of the Total Project Cost, if not the whole; (e) the ability of the Applicant to support the contractual arrangements over the contract term. (3) Criteria for evaluation of financial capability shall be defined in terms of any or all of the following,- (a) net worth of the Applicant as described in the tender documents; (b) average annual turnover for a period not less than the immediately preceding three years derived from audited financial statements; (c) average net cash accrual for a period not less than the immediately preceding three years derived from audited financial statements; and (d) any other criteria relevant in the context of a particular Project. (4) Based on the nature of the Project, the Procuring Entity may, in addition to the criteria prescribed in sub-rules (2) and (3), specify qualifying criteria in relation to the following areas, namely:- (a) Existing commitment of the Applicant and capacity to deliver on the Project in addition to the existing commitments; (b) Proposed team of experts, if the Project requires specialised technical expertise; and (c) Experience of Applicant or the proposed team for working in local conditions where in the opinion of the Procuring Entity such conditions are expected to have a material impact on the development or operation of the proposed facility or service. (d) Any other criteria relevant in the context of a particular Project. (5) As far as may be practicable, the qualification criteria will be specified on a pass or fail basis to enable objective evaluation of the tenders. Explanation:- For the purpose of sub-rule (5), a pass or fail test would includes a test based on a marking system with a minimum score requirement.