[InfoEvaluatingWethRequir]:
See Section 4 of the SQ (available to download at www.yortender.eu.supply.com)
Economic operators must be able to submit either a copy of the audited accounts for the most recent two (2) years if requested. If it cannot, then it must provide either:
a) a statement of the turnover, Profit and Loss Account/ Income Statement, Balance
Sheet/Statement of Financial Position and Statement of Cash Flow for the most recent year
of trading for this organisation;
b) a statement of the cash flow forecast for the current year and a bank letter outlining the
current cash and credit position; or
c) alternative means of demonstrating financial status if any of the above are not available
(e.g. forecast of turnover for the current year and a statement of funding provided by the
owners and/or the bank, charity accruals accounts or an alternative means of demonstrating
financial status).
Economic operators must also confirm whether or not they are part of a wider group (e.g. a
subsidiary of a holding/parent company), and if so must provide confirmation of:
a) the name of the organisation;
b) the relationship to the economic operator completing the SQ; the organisation's company
accounts (if available); and confirmation on whether or not this organisation would be willing
to provide a guarantee if necessary, and if not would the economic operator be able to obtain
a guarantee elsewhere (e.g. from a bank)
Insurance -
See Section 8.1 of the SQ (available to download at: https://www.yortender.co.uk).
Economic operators are asked to self-certify whether they already have, or can commit to
obtain, prior to the commencement date of the Contract, the levels of insurance cover
indicated below:
a) Employer's (Compulsory) Liability Insurance £10,000,000 (in relation to any one claim or
series of claims);
b) Public Liability Insurance, including Product Liability Insurance £5,000,000 (in
relation to any one claim or series of claims); and
c) Professional Indemnity Insurance £1,000,000 (in relation to any one claim or series of claims).
[MinStandardsRequired]:
Finance
See Section 4 of the Selection Questionnaire (available to download at
https://www.yortender.eu-supply.com).
The rationale applied will be economic operators being able to self-certify that they have an
annual turnover of at an annual turnover of at least one and half (1.5) times the estimated annual value
of the Contract as outlined within the Tender Documents and a positive net worth for the
past (2) years. Failure by an economic operator to supply on request either a copy of the
audited accounts for the most recent two (2) years or any one of the document listed in (a) -
(c) in Section 4.1 of the SQ may also result in exclusion. Further, any answers which leads the
contracting authority, acting reasonably, to conclude (considering the risk that the relevant
answer suggests about the economic operator's ability to properly perform the Contract)
that it would be inappropriate to select the economic operator on this occasion may result in
exclusion. In addition, if an economic operator indicates in Section 5 of the SQ that its parent
or holding company is prepared to guarantee the performance of the economic operator's
company, the information provided in response to Sections 5.1 to 5.3 will be used in the
financial assessment of the economic operator.
Insurance -
See 8.1 of the SQ (available to download at:
https://www.yortender.eu-supply.com).
Failure to indicate 'Yes' to any of the required insurances stated in Section 8.1 will result in
exclusion.