FORM FIN Clause Samples
The FORM FIN clause establishes the requirements and procedures for financial documentation and reporting within a contract. Typically, it outlines the specific forms, formats, and timelines that parties must use when submitting invoices, financial statements, or other monetary records related to the agreement. By standardizing financial submissions, this clause ensures consistency, facilitates accurate record-keeping, and helps prevent disputes over payment or financial compliance.
FORM FIN. 3.2: Average Annual Construction Turnover Year Amount Currency Exchange rate Kenya Shilling equivalent
FORM FIN. 3.1- Financial Situation Historical Financial Performance Information from Balance Sheet Total Assets (TA) Total Liabilities (TL) Net Worth (NW) Current Assets (CA) Current Liabilities (CL) Information from Income Statement Total Revenue (TR) Profits Before Taxes (PBT)
