HAC6145 Antill Road Day Activities

Full detail is included in the ITT

Financial evaluation will be as follows.

Potential Suppliers that fail to meet either/both of the minimum requirements will be excluded from the process and their bid will not be further considered.

Bidders will be required to provide documentary evidence, in the form of the last 2 years’ full/detailed Financial Statements, inclusive of Turnover figures (audited if required by Law), to demonstrate their ability to meet the various metrics set out in this section, whether this be for the bidding organisation, or the parent company or group on whom reliance has been placed to meet the financial threshold. If Bidders fail to provide the required documentary evidence, this may result in a fail.

Bidders will need to provide the complete/full/detailed version of their Financial Statements. If they are exempt from publishing their full accounts, they must still provide their Turnover figures for the last two financial years or for the years covered by their Financial Statements. Failure to do so will result in a fail.

Turnover

The Bidders annual turnover must be at least twice the annual contract value for this Contract which is £667,590. Therefore, Bidders must have an annual turnover of at least £1,335,180.

D&B Risk Indicator

The Authority will request a report produced from Dun and Bradstreet which is a corporation that offers information on commercial credit and reports on businesses in comparison with other business in the same field.

The Bidder’s D&B Rating – Risk Indicator will be given a score based on the following table:

Risk Indicator Probability of Failure

1 Minimum Risk

2 Lower than average

3 Higher than average

4 High risk

• Insufficient Information

3.3.8 Bidders must achieve a risk indicator of 1 or 2. A score of 3 or 4 will result in a fail.

D&B Failure Score

3.3.9 Where a Bidder passes the Economic and Financial Standing evaluation, should the Dun and Bradstreet Probability of Failure Score be higher than the national average, the Authority reserves the right to require a parent company guarantee, a performance bond or alternative security for any contract award.

Full detail is included in the ITT