declaration declaration. 3. Financial Situation and Performance 3.1 Financial (i) The Applicant shall demonstrate that it has Must meet Must meet N/A N/A Form FIN – Capabilities access to, or has available, liquid assets, requirement requirement 3.1, with unencumbered real assets, lines of credit, and attachments other financial means (independent of any contractual advance payment) sufficient to meet the construction cash flow requirements estimated as USD $ for the subject [insert amount in US$] contract(s) net of the Applicants other commitments (ii) The Applicant also demonstrate, to the Must meet Must meet N/A N/A satisfaction of the Employer, that it has adequate requirement requirement sources of finance to meet the cash flow requirements on works currently in progress and for future contract commitments. (iii) The audited balance sheets or, if not required by the laws of the Applicant’s country, other financial statements acceptable to the Employer, for the last years shall be [insert number] submitted and must demonstrate the current soundness of the Applicant’s financial position Must meet N/A Must meet N/A and indicate its prospective long-term requirement requirement profitability. 3.2 Minimum average annual construction turnover Must meet Must meet Must meet Must meet Form FIN 3.2 Average Annual – Construction of US$ requirement requirement [insert amount in US$ equivalent in [insert [insert Turnover calculated as total certified %, %, and figures], number] number] payments received for contracts in progress [insert [insert and/or completed within the last [insert number] percentage percentage years, divided by of of [insert number of years in in words] in words] years the the words] requirement requirement
declaration declaration. 3. Financial Situation and Performance 3.1 Financial Capabilities (i) The Applicant shall demonstrate that it has access to, or has available, liquid assets, unencumbered real assets, lines of credit, and other financial means (independent of any contractual advance payment) sufficient to meet the construction cash flow requirements estimated as USD $ [insert amount in US$] for the subject contract(s) net of the Applicants other commitments (ii) The Applicant also demonstrate, to the satisfaction of the Employer, that it has adequate sources of finance to meet the cash flow requirements on works currently in progress and for future contract commitments. (iii) The audited balance sheets or, if not required by the laws of the Applicant’s country, other financial statements acceptable to the Employer, for the last [insert number] years shall be submitted and must demonstrate the current soundness of the Applicant’s financial position and indicate its prospective long-term profitability. Must meet requirement Must meet requirement Must meet requirement Must meet requirement Must meet requirement N/A N/A N/A Must meet requirement N/A N/A N/A Form FIN – 3.1, with attachments 3.2 Average Annual Construction Turnover Minimum average annual construction turnover of US$ [insert amount in US$ equivalent in and figures], calculated as total certified payments received for contracts in progress and/or completed within the last [insert number] years, divided by [insert number of years in words] years Must meet requirement Must meet requirement Must meet [insert number] %, [insert percentage in words] of the requirement Must meet [insert number] %, [insert percentage in words] of the requirement Form FIN – 3.2
SPDPrequalificationDocumentWORKSJanuary2017.docx