MTC for Full Gas Heating Installations; 2025-2029 (HO HT 24 033)

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                    "minimum": "4B.4 The minimum acid-test ratio a company should have is 1:00. Bidders with a ratio of less than 1:00 will be assessed as a FAIL and will be excluded from the competition. The \"Acid Test\" financial ratio will be calculated as follows: Current Assets (minus stocks, inventories, and securities) / Current Liabilities The maximum Debt Ratio test ratio a company should have is 0:50. Bidders with a ratio of more than 0:50 will be assessed as a FAIL and will be excluded from the competition. The \"Debt Ratio\" will be calculated as follows: Total Liabilities / Total Assets. The minimum Turnover Ratio a company should have is more than the expected annual contract value. Bidders with a ratio of less than the expected annual contract value will be assessed as a FAIL and will be excluded from the competition. The \"Turnover Ratio\" will be calculated as follows: Annual Revenue / Expected Annual Lot Value SPD criteria allows the Council to assess Bidders financial standing. By applying an Acid Test Ratio, Debt Ratio and Turnover Ratio, it ensures only Bidders who are trading on a solvent basis could be appointed to the contract. 4B.5.1A - Bidders identified for appointment to the contract will be required to either: Provide insurance certification evidence demonstrating that they have the minimum levels of insurance provision; or provide a letter / statement to the Council confirming that they will obtain all required insurance levels within 28 calendar days of receiving a Letter of Acceptance This element will be assessed on a PASS / FAIL basis. 4B.5.1B - Bidders identified for appointment to the contract will be required to either: Provide insurance certification evidence demonstrating that they have the minimum levels of insurance provision; or provide a letter / statement to the Council confirming that they will obtain all required insurance levels within 28 calendar days of receiving a Letter of Acceptance This element will be assessed on a PASS / FAIL basis. 4B.5.2 - Bidders identified for appointment to the contract will be required to either: Provide insurance certification evidence demonstrating that they have the minimum levels of insurance provision; Or Provide a letter / statement to the Council confirming that they will obtain all required insurance levels within 28 calendar days of receiving a Letter if Acceptance. This element will be assessed on a PASS / FAIL basis."
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