Solvency certificate

Kamlesh R Parikh (Querist) 30 November 2011 This query is : Resolved
I am serving the Govt of Guj
I have received a Solvency certificate from bidder issued by a nationalised bank at Ahmedabad which is issued in 2008, in response of a tender launched in Nov-2011

What is the time validity of that certificate?

Its very urgent, as other bidders have opposed to it stating that it is expired and valid only for one year, we have to decide it on 2nd Dec,2012 meeting
Thank u

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Guest (Expert) 30 November 2011
in tamilnadu it is valid for six months. Check with the your state revenue board/admin

Rajeev Kumar (Expert) 30 November 2011
Yes mr.ganesan has given perfect reply

Raj Kumar Makkad (Expert) 30 November 2011
The objection of bidder is valid and you should get it renewed.

A V Vishal (Expert) 01 December 2011
The solvency certificate depends on the present financial status of the bidder, in your case the bidder has produced a certificate which is 3 years old, hence you can ask the bidder to present a fresh certificate, technically the bidder is disqualified in case the bid documents state the same.

M/s. Y-not legal services (Expert) 01 December 2011
yes according to procedure in tamilnadu am agree with ganesan sir..

V R SHROFF (Expert) 02 December 2011
Bank 180 days
Collector/ mamlatdar : 90 days
In any case 3 years old Solvency cert in Gujarat State is invalid for tenders.