1.

The selection process is used, among other things, to determine whether bidders are able to comply with exclusion grounds and demonstrate suitability to carry out the contract.

2.

The selection stage is an assessment of the bidders themselves, as opposed to the evaluation and award stage, which is an assessment of their bids.

3.

The principle of prompt payment applies to all public procurement and all suppliers should pay their supply chain promptly.

4.

The key purpose of assessing the economic and financial standing of bidders is to safeguard the delivery of public works and services. Observe the principles of public procurement: equal treatment, non-discrimination, proportionality and transparency.

Want to know more?

1. Standard Selection Questionnaire (SQ) PPN 8/16

2. Supplier Registration Service for Government

3. Assessing and Monitoring the Economic and Financial Standing of Suppliers Guidance Note. Support is available from the Cabinet Office via supplierfinanalysis@cabinetoffice.gov.uk

4. Financial Viability Risk Assessment Tool

5. Guidance on Corporate Financial Distress