Care Home Services for 6 Children and Young People Living in Pentland Way & Castlelaw Residential Accommodation

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  "description": "Economic operators may be excluded from this competition if they are in any situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.\nFinancial Health Flowchart\nThe financial information will be evaluated using the Midlothian Council financial health evaluation flowchart, please see Appendix 1. The financial information provided will require to meet the following criteria:\n(i) The ratio of total assets to total liabilities (net assets) should be positive in 2 out of 3 years.\n(ii) The accounts should not show a lost in 2 consecutive years.\n(iii) The accounts should not show a loss in 1 year and negative net currents assets in any 1 year.\nWhere the information provided does not meet item (i) but there is an improving trend Midlothian Council may consider items (ii) and (iii) and will have the discretion, with regard to the evidence provided and taking into account the level of risk to Midlothian Council, as to whether the Tenderer will pass this requirement.\nThe Tenderer will require to submit evidence in the form of their audited accounts or equivalent for the most recent 2 years (2 sets of signed, audited accounts), along with details of any significant changes since the last year end.\n(SC Ref:834972)",
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