| 1. | Resolution planning helps ensure continuity of critical projects and their orderly transfer to a new supplier in the event of supplier insolvency. |
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| 2. | When reviewing suppliers' Service Continuity Plans for critical contracts, ensure they include a supplier insolvency continuity element. Make sure exit plans and exit information cover emergency exit arising from supplier insolvency. | |
| 3. | Put in place our own contingency plans for critical contracts, with involvement from suppliers, keep them up to date and make sure they cover the risk of supplier insolvency. | |
| 4. | Ongoing financial monitoring enables early identification of possible problems and the opportunity to test contingency plans before they are needed. | |
| 5. | When considering the mitigation of risk against potential supplier insolvency, it is important to consider proportionality and the wider impact on suppliers and competitiveness. |
| Want to know more? |
| 1. Resolution Planning Guidance Note. Support is available from the Cabinet Office via resolution.planning@cabinetoffice.gov.uk |
| 3. Assessing the Economic and Financial Standing of Suppliers Guidance Note |