Overview
A financial viability risk assessment tool is available which can be completed by individual bidders.
The tool automatically calculates a series of financial ratios and, subject to the insertion of the desired individual ratios and thresholds, can generate potential risk bands by ratio for each bidder subject to override by the contracting authority as set out above. Input of information should be checked by the contracting authority back to the source material provided by the bidder.
Where there is a compelling rationale, the contracting authority may tailor their tool to be more suited to the assessment of the economic and financial assessment (EFS) of potential bidders.