As part of the consideration Evaluation Sub-Criterion 4B (Financial Capacity and Commercial Arrangements), the State will assess the financial capacity of Respondent Members to meet their respective obligations under subcontractor arrangements with Project Co.
Respondents are required, as part of the Evaluation Sub-Criterion 4B (Financial Capacity and Commercial Arrangements) Response Requirements, to demonstrate that Respondent Members have the financial capacity, capability and track record, and the level of parent company support, to successfully deliver their aspect of the Project and contribute to the overall robustness and sustainability of the consortium.
At the RFP Phase, a more rigorous financial capacity and security assessment will be undertaken by the State which will assess the appropriateness of security arrangements (including parent company guarantees) and the monitoring and cure regimes proposed to address subcontractor performance and default events.