Transport Race Fleet

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                    "minimum": "Minimum annual turnover must be at least 1 million GBP. Tenderers must demonstrate a return on capital employed at a ratio of greater than zero. Ratio will be calculated as follows: net profit after tax divided by net assets (total assets less current liabilities). Tenderers must demonstrate a Current Ratio of greater than 1.Current Ratio will be calculated as follows: net current assets divided by net current liabilities. There must be no qualification or contra-indication from any evidence provided in support of the tenders economic and financial standing. Tenderers who have been trading for less that the three years notes above must provide evidence that they are complying with the above minimum financial requirements for the period in which they have been trading. Tenderers who do not comply with the above financial requirements but are part of a Group, can provide a Parent Guarantee if the Parent Company satisfies the financial requirements stipulated above. Minimum Insurance Requirements. It is a requirement of this contract that bidders hold or can commit to obtain prior to the commencement of any subsequently awarded contract, the types of insurance indicated below; Employer's Liability Insurance The Tenderer shall have in place and maintain, throughout the period of the contract, Employer's Liability insurance with a minimum level of cover of 5,000,000 GBP per claim. Public Liability Insurance The Tenderer shall have in place and maintain, throughout the period of the contract, Public Liability insurance with a minimum level of cover of 5,000,000 GBP per claim. Product Liability Insurance The Tenderer shall have in place and maintain, throughout the period of the contract, Product Liability insurance with a minimum level of cover of 5,000,000 GBP per claim. Professional Indemnity Insurance The Tenderer shall have in place and maintain, throughout the period of the contract, Professional Indemnity insurance with a minimum level of cover of 5,000,000 GBP per claim. Motor Vehicle Insurance The Tenderer shall have in place and maintain, throughout the period of the contract, Motor Vehicle Insurance for all vehicles in this contract. Tenderers that fail to meet any of the minimum requirements set out above will be excluded"
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