![]() You should also consider that not all bidders have an audited set of accounts. You may only exclude bidders on the basis of ratios identified in the Contract Notice so you should ensure that they are accurate and relevant. The PCS SPD module includes a list of commonly used financial ratios for you to pick from. For example showing the ratio between assets and liabilities. ![]() You may require bidders to provide annual account information. In all cases, care should be taken not to set minimum standards that are too high and/or which might exclude capable suppliers, especially SMEs and newly formed companies.įor lower-risk procurement exercises (for example: where there are numerous suppliers capable of carrying out the contract no time constraints payment is only to be made after the work completed) you should consider whether it is necessary to set any selection criteria relating to economic and financial standing In order to assess this you may ask for information such as financial ratios or turnover information from the bidders. You should assess the financial standing of bidders to ensure that they are financially stable enough to carry out the contract. Negotiated Procedure without Prior Publication.Contract Mobilisation and Implementation.Notification of Contract Award Decision.Exclusion, Selection and Award Criteria.
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