Part IV, Section B (Other economic or financial requirements) #14
Comments
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Agree, we think when the ESPD is self-contained the requirements should sit next to the question. |
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Could you please provide examples of particular requirements for several procedures, so we can identify the information that should be required to the CA? |
paulakeen
changed the title
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Please find below what was commented about this issue in the discussion group: John Degiorgio: But these requirements depend on thresholds. Am I right? Jose Luis Cueva - Spain: Net equity, for instance Marc-Christopher SCHMIDT: CA: Type, Amount, Currency Jose Luis Cueva - Spain: I hate to say, but EBITDA is an usual Jose Luis Cueva - Spain: financial data used Marc-Christopher SCHMIDT: CA: BACH (or additional), amount, currency Marc-Christopher SCHMIDT: EO: Amount, Currency Jose Luis Cueva - Spain: sorry: perhaps also a time reference (either date or period) John Degiorgio: To which amount are we referring please? Marc-Christopher SCHMIDT: Net equity John Degiorgio: I don't agree! Jose Luis Cueva - Spain: Eg: net equity = 1M eur as of dec 31 2016 John Degiorgio: A self-declaration as well that the company is economically viable and if need be it can produce audited accounts. Jose Luis Cueva - Spain: John, I do not agree. Selection criteria are specifc fo a given contract/ lot. John Degiorgio: The main aim of the ESPD is to make it easy to compile and if therre are certain requiremnts in the tender these do not have to be included in the ESPD Jose Luis Cueva - Spain: Just to say "economically viable" is too subjective and general Anne Katrine Mortensen, NIRAS A/S, DK: I agree with John. Jose Luis Cueva - Spain: A self declaretion can be: " I have 1 M eur Net equity as of XXX, and I can povide proof of it if required" Jose Luis Cueva - Spain: But not " I am economically viable" Anne Katrine Mortensen, NIRAS A/S, DK: I can see your point, MC Anne Katrine Mortensen, NIRAS A/S, DK: Then other procurement documents can be shorter or skipped. Michaël De Winne - Belgium: but all the extras we are defining here, they are what you call the self-contained espd? John Degiorgio: Yes that's fine but we don't need to ask more than it is required John Degiorgio: The ESPD is already daunting so that's my point. Jose Luis Cueva - Spain: In most cases, CA can ask for a single Economic/financial requ Anne Katrine Mortensen, NIRAS A/S, DK: I understand your purpose with the extr atext now. But we will have to "sell" the new longer ESPD proporly. Anne Katrine Mortensen, NIRAS A/S, DK: We rarely use it in DK. So to me you may skip the alfa-possibility. |
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Please find below a proposal for the mock-ups, as commented in the last meeting:
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Please find below what was commented about this issue in the discussion group: Timo Rantanen / Hansel / Finland: the requirement can be something else as currency also!! Timo Rantanen / Hansel / Finland: yes ratio! Timo Rantanen / Hansel / Finland: something else Jose Luis Cueva (Spain): Example (not ratio) : EBIT, EBITDA Timo Rantanen / Hansel / Finland: for example credit ration Timo Rantanen / Hansel / Finland: credit Timo Rantanen / Hansel / Finland: rating Giampaolo Sellitto 2: usually they ask for specific turnover in a sector is that the same thing? Giampaolo Sellitto 2: and a credit rating as welll Giampaolo Sellitto 2: financiall standing ok, different from qualification Timo Rantanen / Hansel / Finland: there are credit rating companies both national and international Jose Luis Cueva (Spain): I believe credit rating is mainly for issuers of securities (bonds...) Jose Luis Cueva (Spain): So not very relevant here Jose Luis Cueva (Spain): And I guess getting a credit score by Moody's is expensive... Timo Rantanen / Hansel / Finland: yes there are many of these kind of services Giampaolo Sellitto 2: I am getting a little bit confused .. are we speaking about qualification of the EO or financial standing of the EO? Jose Luis Cueva (Spain): AFAIK there are only three worldwide recognized rating agencies (Moodys, Standard and Poors and Fitch) and asking EOs to ger a score from them is too restrictive Timo Rantanen / Hansel / Finland: we are all the time using Dunn & Bradstreet ratings Giampaolo Sellitto 2: qualification means mainly amount of past contracts and financial standing is annual flow of money in their bank accounts Timo Rantanen / Hansel / Finland: Dunn & Bradstreet is international Jose Luis Cueva (Spain): BACH defines ratios but do tot grant "scores" or "grades" as rating agencies Timo Rantanen / Hansel / Finland: https://www.bisnode.com/international/ Timo Rantanen / Hansel / Finland: this can be explained in the description field |
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Please find below a proposal of the mock-up of the view of the CA, as commented in the last meeting:
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Please find below what was commented about this issue in the discussion group: Anne Katrine, NIRAS A/S, DK: Have never seen such an example before. Anne Katrine, NIRAS A/S, DK: Ok. Anne Katrine, NIRAS A/S, DK: So, T, do you mean erase "minimum"? Anne Katrine, NIRAS A/S, DK: If not used, then I suggest it being erased. Timo Rantanen / Hansel / Finland: no date Timo Rantanen / Hansel / Finland: no nothing Timo Rantanen / Hansel / Finland: its rolling credit information Rudolf Maier: There are many of these Rating Agencies over Europe. even within one country. with various Rating schemes. I think it is a legal question if the CA can just chose one of them and EO of other countries have to be registzered with this certain rating Agency. Enric Staromiejski (GROW): @jose Luis, @ALL COULD YOU PLEASE PROVIDE A REALISTIC EXAMPLE Enric Staromiejski (GROW): ? Anne Katrine, NIRAS A/S, DK: I agree, JL. Anne Katrine, NIRAS A/S, DK: Yes, T. Jose Luis Cueva (Spain): Examples of frelevant financial amounts : total assets, net equity, EBITDA, etc Giampaolo Sellitto: for us in Italy thsi inforamtion schema is fine Anne Katrine, NIRAS A/S, DK: Financiel ratio as now is OK. Timo Rantanen / Hansel / Finland: The tenderer’s economical standing and financial solvency is sufficiently stable to provide the customer with the services that are the subject-matter of the framework agreement.We are using the services of Dun & Bradstreet, Inc. (D&B) to analyze tenderer’s financial situation. The tenderer must have Risk Indicator 3 or better in the D&B risk indicator. If the Risk Indicator of the tenderer does not meet the above-mentioned rates, we may exclude the tenderer. We shall inspect the risk indicator the day after the deadline for the receipt of the tenders.In case the tenderer’s data cannot be found in D&B’s database, we can use another international service provider.We can also require the tenderer to provide us with the last audited financial statement for analysing purposes.If the tenderer is a group, these requirements shall be met by each of its members individually. |
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Please find below a proposal of the mock-up of the view of the CA, as commented in the last meeting.
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Please find the details of the final decision in https://github.com/ESPD/ESPD-EDM/wiki/17.-Other-economic-or-financial-requirements |
* commit '1a2fdcd47ff04507f2fad762bbf8833557c9dffd': change Maven artifactid to 'exchange-model2' to support both version 1 and 2 at the same time
Other economic or financial requirements
CA must be able to define what are the other economic or financial requirements.
CA must be able to define minimum requirements (in currency, ratio or other) for the other requirements.
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