Tate - Tate Modern Blavatnik L2 South Gallery re-design - Creating a flexible and sustainable exhibition space

Prompt Payment of Suppliers

Bidders should provide confirmation that they have systems in place to ensure that organisations in your supply chain are paid on time, including that you have procedures for resolving disputed invoices promptly and effectively and details about your payment performance, including the percentage of invoices paid within 30 days.

Turnover Test

Bidders should submit the latest 3 years audited accounts as an appropriately referenced appendix.

Liquidity Test (Acid Test)

(Current Assets – Stock) / Current Liabilities

From the latest 3 years audited accounts, the average result of the Test should be 1.0 or greater e.g. Y1 – 1.3, Y2 – 1.6 equals an average of 1.45.

Provision of accounts

Bidders should be able to provide the latest 3 years audited accounts as an appropriately referenced appendix. We will only ask for this information from shortlisted bidders.

Bidders must possess relevant experience, demonstrated by on-going and historical contract information, by proposing a minimum of 3 (three) relevant examples. This experience should be more thoroughly evidenced in responses to MS1, however Bidders should provide outline information in response to this question.

For insurance cover, the requirement is £5m for public liability, £5m Product Liability, £5m employers’ liability (compulsory insurance) and £5m professional indemnity insurance. Bidders that do not currently hold these levels of insurance will need to do so prior to award, at no extra cost to Tate. Any bidder who does not satisfy Tate that they hold the required levels specified for the contract or agree to increase to these levels will fail. Please note, if you agree to increase you will need to provide the supporting evidence requested prior to award.