Financial Standing -
See Section 4 of the Selection Questionnaire (‘SQ’) (see Part A of File 2.0 of the Tender Document, which is available to download at: https://www.yortender.co.uk/procontract/supplier.nsf or is available at the address set out in Sections I.1) and I.3) of this Notice above). Economic operators must 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 (see Part A of File 2.0 of the Tender Document, which is available to download at: https://www.yortender.co.uk/procontract/supplier.nsf or is available at the address set out in Sections I.1) and I.3) of this Notice above).
Economic operators are asked to self-certify whether they already have, or can commit to obtain, prior to the Commencement Date of the Framework Agreement, the levels of insurance cover indicated below:
a) Employer's (Compulsory) Liability Insurance — ten million Pounds Sterling (10 000 000 GBP) (for any one incident or series of incidents arising out of one event);
b) Public Liability Insurance — ten million Pounds Sterling (10 000 000 GBP) (for any one incident or series of incidents arising out of one event);
c) Professional Indemnity Insurance — five million Pounds Sterling (5 000 000 GBP) (for any one incident or series of incidents arising out of one event).
Financial Standing –
Economic operators will Pass or Fail on the basis of being financially viable for this Framework Arrangement. The rationale applied will be the economic operators being able to demonstrate a minimum yearly turnover which is at least 0.5 times the estimated annual contract value of the Framework Arrangement, which in this case equates to a yearly turnover equal to or greater than two hundred thousand Pounds Sterling (200 000 GBP).
Failure by an economic operator to supply 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.
Insurance -
See 8.1 of the SQ (see Part A of File 2.0 of the Tender Document, which is available to download at: https://www.yortender.co.uk/procontract/supplier.nsf or is available at the address set out in Sections I.1) and I.3) of this Notice above).
Failure to indicate ‘Yes’ to any of the required insurances stated in Section 8.1 will result in exclusion.