3.	Qualification Requirements for Bidder 

(1) Financial Capabilities	
a.	The Bidder shall demonstrate that it has access to, or has available, liquid assets, unencumbered real assets, lines of credit, and other financial means (independent of any contractual advance payment) sufficient to meet the contract’s cash flow requirements estimated as 5 million RMB or 0.8 million USD (or an equivalent amount in another currency) for the subject contract(s) net of the Bidder’s other commitments.
In addition, the Bidder shall provide an original bank credit certificate issued within 3 months prior to the tender deadline, with a single bank credit line for an amount of no less than 33 million RMB or 5.22 million USD (or equivalent amount in another currency).
b.	The Bidder shall also demonstrate, to the satisfaction of the Employer, that it has adequate sources of finance to meet the cash flow requirements on works currently in progress and for future contract commitments.
c.	The audited financial statements of the last 3 years (2018 – 2019 – 2020) shall be submitted and demonstrate the soundness of the Bidder’s past and current financial position, based in particular on the following criteria (if foreign bidder audit period is later than domestic time, it shall provide 2017-2019 same nature information as proof):
--Average earnings before interest, taxes, depreciation, and amortization (EBITDA) for the last three (3) years > 0;
--Total equity (net assets) for the last three (3) years > 33 million RMB or 5.22 million USD or an equivalent.

(2) Average Annual Supplier Turnover
Minimum average annual supplier turnover of 126 million RMB or 19.93 million USD (or equivalent amount in another currency), calculated as total certified payments received for contracts in progress and/or completed within the last 3 years, divided by 3 years.

(3) Experience 
a.	General Construction Experience: Experience under construction contracts in the role of prime contractor, JV member, subcontractor, or management contractor for at least the last 5 years, starting 1st January 2017.
b.	Similar Experience: A minimum number of similar  contract in China specified below that have been satisfactorily and substantially  completed as Supplier, or joint venture member , between 1st January 2017 and application submission deadline: more than 2 project contracts financed by foreign governments or international financial organizations (Asian Development Bank, World Bank, etc.). At least one contract amount is not less than 5 million euros (or equivalent foreign currency amount).
The bidder shall provide the contract award certificate and copy of the contract for similar projects (original for reference).
c.	Specific Experience: Availability at the bid submission date in the Purchaser’s Country of spare parts and after sales services facilities in operation for at least 6 months for the Goods offered in the Bid.
 (4) other criteria
a. Quality certification: Availability of a valid ISO9000 certification or internationally recognized equivalent (equivalency to be demonstrated by Bidder), and applicable to the worksite.
b. The bidder (or JV member) shall have the qualification of grade III or above for General Contracting of Municipal Public Works Construction.


Note: 1. Similar experience is defined as pipe network supply and construction projects. 
The complexity, methods/technology and/or other characteristics described in Section VII, Schedule of Requirements. Summation of number of small value contracts (less than the value specified under requirement) to meet the overall requirement will not be accepted.
2. Substantial completion shall be based on 80% or more completed under the contract.
3. For contracts under which the Bidder participated as a joint venture member or sub-contractor, only the Bidder’s share, by value, shall be considered to meet this requirement.