Economic and financial standing Sample Clauses

Economic and financial standing. Minimum level(s) of standards possibly required -Public liability insurance with a limit of indemnity of not less than five million pounds sterling (5,000,000 GBP) in relation to any one claim or series of claims; -Employer's liability insurance with a limit of indemnity of not less than five million pounds sterling (5,000,000 GBP); -Professional indemnity insurance with a limit of indemnity of not less than one million pounds sterling (1,000,000 GBP) in relation to any one claim or series of claims - The supplier is required to provide a minimum of 2 number of years accounts clearly showing a minimum yearly turnover equating to approximately 1x Estimated value of the Contract advertised.

Economic and financial standing. List and brief description of selection criteria HTE may request such information as may be requested pursuant to Regulation 58 of the Public Contracts Regulations 2015. Details are provided in the Pre-Qualification Questionnaire.

Economic and financial standing. List and brief description of selection criteria Relevant selection criteria will be included in the SPD Scotland module

Economic and financial standing. Minimum level(s) of standards possibly required Tenderers must confirm that they already have or can commit to obtain, prior to the commencement of the contract, the levels of insurance cover indicated below, it should be noted that CFL will require copies of insurance certificates: Professional Risk Indemnity: GBP 5m for each claim Employer's (Compulsory) Liability: GBP 5m for each claim Public Liability: GBP 5m for each claim Product Liability: GBP 5m for each claim Tenderers must provide ratios based on the previous full financial year. 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

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. List and brief description of selection criteria See Tender Docs. Minimum level(s) of standards possibly required See Tender Docs.

Economic and financial standing. 3.12.1 Economic and financial standing requirement

Economic and financial standing. List and brief description of selection criteria Financial standing requirements for the Procurement are outlined within Document 1 - ITT Process Overview, Section 27.4 Financial Standing Minimum level(s) of standards possibly required Financial standing requirements for the Procurement are outlined within Document 1 - ITT Process Overview, Section 27.4 Financial Standing

Economic and financial standing. List and brief description of selection criteria Full details are also contained in the Contract Notice uploaded to PCST in the General Attachments Area of the Qualification ITT. project_27195 It is a requirement of this Framework that Tenderers hold, or can commit to obtain prior to the commence of any subsequently awarded Framework, the items indicated below: Minimum level(s) of standards possibly required 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. AND all insurances required to hold a Public Service Vehicle Operator’s Licence of the relevant classification, and for the relevant number of vehicles, conform to section 12 of the Public Passenger Vehicles Act 1981 including but not limited to Third Party Liability cover including carriage of passengers for Hire & Reward Documentation requested for the above insurances should include name of insurers, policy numbers, expiry date and limits of any one incident and annual aggregate caps and the excesses under the policies. ESPD Question 4B6 Financial Standing: The Authority will access a Credit safe report for a Tenderers organisation and use the information contained within to assist with the assessment of the Tenderer’s economic and financial standing. Tenders are asked to provide their company number within the SPD to allow the Authority to access a Credit Safe Report. Within such reports, the risk of business failure is expressed as a score of less than 30 (high risk of business failure). In the event that a company is determined to have a risk failure rating of less than 30 i.e. that the company is considered to have a high risk of business failure, the submission will not be considered further. If you are successful in the award of this contract and your risk failure rating falls below 30 then the SPA reserve the right to remove you from this contract. It is the Contractor’s responsibility to ensure that the information held by Credit Safe...