Overview
This Guidance Note provides advice on how to:
- assess the economic and financial standing (EFS) of bidders during a procurement
- monitor the ongoing EFS of suppliers during the life of a contract
- mitigate the financial risks identified from the EFS evaluation of a bidder, either upfront or during the course of the contract.
Assessing and monitoring the EFS of suppliers is about understanding the financial capacity of suppliers to perform a contract in order to safeguard the delivery of public services.
Make sure you:
- read the Guidance Note and relevant Commercial Playbook
- seek legal and commercial advice in the context of specific procurements.