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What is financial stability and how is it defined?

Financial sustainability is a qualification requirement for suppliers who participate in quasi—public sector procurement. Suppliers participating in procurement by tender (auction) are checked for financial stability if the purchase amount exceeds 48,000 MCI.Verification takes place automatically through the CEF. A supplier is recognized as financially stable if it meets four conditions in total. If the supplier does not meet the criteria, it is not allowed to participate in the tender.

We tell you by what criteria the financial stability of the supplier is determined.:

  • The supplier's income for the last three years preceding the previous one is more than 400,000 MCI or 1/2 of the purchase price.
  • The rate of taxes paid during the three years preceding the previous year is at least 3% of the income for the same period.
  • The average annual cost of the supplier's fixed assets during the three years preceding the previous year is more than 400,000 MCI or at least 1/15 of the purchase price.
  • The wage fund for employees during the three years preceding the previous year is more than 400,000 MCI or at least 1/15 of the purchase price.

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