The provision of Events Presentation Services for the 2023 UCI Cycling World Championships (Glasgow Activities)

Bidders must comply with the undernoted financial requirements in order to participate in the tendering process:-

There is a minimum financial requirement that affects trading performance, balance sheet strength. Financial requirements for trading performance and balance sheet strength should be calculated on the latest filed accounts with Companies House.

Trading Performance

An overall positive outcome on earnings before interest, taxes, depreciation and amortization (EBITDA) over a 3 year period. Exceptional items can be excluded from the calculation.

The above would be expressed in the ratio EBITDA/Turnover.

Balance Sheet Strength

Net worth of the organisation must be positive at the time of evaluation and the organisation must not be subject to an insolvency process. Intangibles can be included for purposes of the Total Assets figure.

The above would be expressed in the ratio Total Assets/Total Liabilities.

If an applicant is only required to file abbreviated accounts with Companies House, then in the event of the Company being successful in the procurement process, a full set of accounts will be required in order to verify the above ratios have been complied with.

An applicant should have no issues, with regard to statutory filing requirements with Companies House.

Applicants who have been trading for less than the 3 years noted above must provide evidence that they are complying with the above minimum financial requirements for the period in which they have been trading…

Tenders must complete Question 4C1.2 2023 UCI Cycling World Championships Event Presentation Provider (Glasgow Activities) Technical & Professional Ability Document) of the Single Procurement Document (SPD).

The bidders response to this questionnaire will be evaluated in accordance with the scoring methodology set out within the procurement documents (See section 8 Evaluation Criteria of the Invitation to Tender).

Please note that he Invitation to Tender document can be found in the supplier's attachment area of the Public Contracts Scotland Tender website (PCS-T).

The section has a total available score of 100, with an available score of 33.33 attributed to each example. Glasgow Life expects that bidders should attain a total score of at least 64 of the available 100 points. Any bidder failing to achieve the minimum score may (at Glasgow Life's discretion) be excluded and the bidder will be notified accordingly. Please note that where a bidder is excluded at this selection criteria stage, the bidder will not be evaluated under the evaluation criteria stage.