Economic and financial standing. Selection criteria as stated in the procurement documents
Economic and financial standing. List and brief description of selection criteria It is a requirement of this Contract that Tenderers hold, or can commit to obtain prior to the commence of any subsequently awarded Contract, indicated below: SPD Question 4B5 Insurances Employers (Compulsory) Liability Insurance = 10 million GBP in respect of each claim without limit to the number of claims. Tenderers may be required to provide their current Employers Liability Insurance certificate which should include name of the insurers, policy numbers, expiry date and limits for any one incident and annual aggregate caps and the excesses under the policies. Public Liability Insurance = 5 million GBP in respect of each claim without limit to the number of claims. Tenderers may be required to provide a copy of their current Public Liability Insurance certificate. Product Liability Insurance = 5 million GBP in respect of each claim without limit to the number of claims. Tenderers may be required to
Economic and financial standing. Interested parties must prove that they have, for each of the previous three (3) financial years for which accounts have been closed and final audited figures are available, an annual turnover of at least 10,000,000 €. In the case of a consortium/joint venture, the annual turnover of the Interested Party will be considered on a cumulative basis.
Economic and financial standing. To participate in the tender procedure, interested economic operators must meet the following requirements concerning their economic and financial standing:
Economic and financial standing. List and brief description of selection criteria Please refer to these statements when completing section 4B of the SPD (Scotland) Statement for 4B- Economic operators shall be required to satisfy minimum standards of economic and financial standing. These are described below: NB. Ratios shall be based upon the latest available published accounts 1- Return on Capital Employed: must be at a ratio greater than “0” 2- Acid Test (Current Ratio): Current Ratio must be greater than “1” 3- Gearing: Gearing must be a figure of less than 100% 4- Interest Coverage: Interest Coverage must be a figure of 2 or above Bidders must provide their ("general") yearly turnover for the last 3 financial years. Minimum level(s) of standards required: Economic Operators must confirm they already have or can commit to obtain, prior to the commencement the following levels of insurance: - Employers liability - statutory minimum 5m GBP, each and every claim. - Motor Insurance - 5m GBP - Public liability insurance including cover for loss/damage to third party property and third party injury with a minimum limit of GBP10 million per event with no annual aggregate. There must be no marine exclusions in the policy. - Products liability with a minimum limit of USD10 million. There must be no marine exclusions and a completed operations extension. - Professional indemnity/Liability - minimum 5m GBP, each and every claim The bidder should purchase any other insurance cover as necessary, taking into account the terms and conditions of this contract.
Economic and financial standing. List and brief description of selection criteria Economic operators shall be required to satisfy minimum standards of economic and financial standing. To determine these standards, economic operators shall:
Economic and financial standing. List and brief description of selection criteria SPD Selection Criteria Section, question Section B, Part IV, Economic and Financial Standing, the following questions:
Economic and financial standing. 3.12.1 Economic and financial standing requirement The Candidate must demonstrate that the Shareholders are willing and able to make at least an amount of € 50,000,000 (fifty million euro) available to the Candidate for the purpose of the Project. In case of registration as SPV under incorporation, the participants in the SPV under incorporation must declare individually what amount they will make available to the Candidate for the purpose of the Project. The requirement will have been satisfied if the amounts of the statements that have been issued add up to at least the required € 50,000,000 (fifty million euro).
Economic and financial standing. 21.1. We will undertake an assessment of your economic and financial standing using the DUNS number (as provided by Xxx and Bradstreet) for your organisation which you input when registering on the SRS registration system at the following link: xxxxx://xxxxxxxxxxxxxxxxxxxx.xxxxxxxxxxxxx.xxx.xx/organisation/register
