individual and multiple contracts.] (ii) The Applicant also Must meet Must meet demonstrate, to the satisfaction of the requirement requirement Must meet N/A Employer, that it has adequate sources requirement of finance to meet the cash flow requirements on contracts currently in progress and for future contract commitments. (iii) The audited balance sheets or, if Must meet N/A not required by the laws of the requirement N/A Must meet Applicant’s country, financial requirement 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. Minimum average annual Must meet Must meet Must meet Lead Form FIN 3.2 3.2 Average – Annual construction turnover of US$ [insert requirement requirement member [insert Turnover amount in US$ equivalent in words %, must meet number] and figures], calculated as total [insert [insert certified payments received for %, percentage number] contracts in progress and/or of in words] [insert completed within the last [insert the percentage number] years, divided by [insert requirement of in words] number of years in words] years. [In the case the contracts are to be procured requirement
individual and multiple contracts.] (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 contracts 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, 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 N/A Must meet requirement Must meet requirement N/A N/A 3.2 Average Annual Turnover Minimum average annual construction turnover of US$ [insert amount in US$ equivalent in words 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. [In case the contracts are to be procured Must meet requirement Must meet requirement Must meet [insert number] %, [insert percentage in words] of the requirement Lead member must meet [insert number] %, [insert percentage in words] of the requirement Form FIN – 3.2
SPD-Init-Selection-Doc-DesignBuildOperate-WTP-WWTP-OCT-2017.docx