NGHA M&E Services Maintenance and Water Hygiene and Legionella Testing Contract from 2017 to 2020

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        "title": "NGHA M&E Services Maintenance and Water Hygiene and Legionella Testing Contract from 2017 to 2020",
        "description": "The works will be carried out in a combination of low rise and high rise properties and will comprise the repair and maintenance of water supplies (including pressure tanks, pumps, compressors and storage tanks), dry risers, lightning conductors, communal laundries, landlord's electrical supplies and distribution, motor rooms, protection systems, ventilation systems, emergency lighting systems, warden call systems, door entry systems and water hygiene and legionella testing.",
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                    "description": "This section refers to Section B of Part IV of the ESPD (Scotland) and covers questions 4B. 1-6 of the ESPD (Scotland): Question reference 4B.1.2: Bidders will require to have an average yearly turnover of 300,000.00 GBP for the last 3 years. Question Reference 4B.2.1: Bidders will require to have an average yearly turnover of 300,000.00 GBP for the last 3 years in the business area covered by the contract. As evidence for the ESPD (Scotland) questions 4B.1 and 4B.2, New Gorbals Housing Association may ask for annual accounts for the bidder. Question Reference 4B.3: Where turnover information is not available for the period requested, the bidder will be required to state the date which they were set up/started trading. Question Reference 4B.4: Bidders will be required to state the value(s) for the following financial ratio(s)from their most recent set of accounts: Ratio 1 the Acid Test - (Current Assets-stock)/Current Liabilities. A company with an Acid Test Ratio of less than 1 cannot currently pay back its current liabilities. Therefore to pass the Acid Test Ratio question the bidder must have a score of greater than 1. Ratio 2 Return on Capital Employed % - Profit/Capital/employed. Return on capital employed or ROCE is used to prove the value the business gains from its assets and liabilities. To pass this question the Association requires the bidder to score a positive figure/percentage. Ratio 3 Current Ratio - Current Assets/Liabilities. The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. To pass this question the Association requires the bidder to achieve a score of greater than 1. The Association will consider a Pass in any two of the three ratios as an overall Pass for this part of the assessment. Question Reference 4B.5: It is a requirement of this contract that bidders hold, or can commit to obtain prior to the commencement of any subsquently awarded contract, the types and levels of insurance indicated below: Employer's (Compulsory) Liability Insurance - 10m GBP Public Liability Insurance - 10m GBP"
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