By the public sector, for the public sector PROCUREMENT PROCESS KEY POINTS Bravosolution Performance Bonds / Parent Company Guarantees Finance Checks TUPE

By the public sector, for the public sector bravosolution The Council use bravosolution as their e-tendering portal No hard copy tenders but a link and all tender references will be provided on sourcenorthamptonshire.co.uk Training can be arranged if enough providers are interested

By the public sector, for the public sector Performance Bonds / Parent Guarantees Requirement of the Council’s constitution When a Candidate is not a subsidiary of a parent company the following conditions must be satisfied as to whether a Bond is needed: Where the total value exceeds £500,000, or Where it is proposed to make stage or other payments in advance of receiving the whole of the subject matter of the Contract, or Where there is concern about the stability of the supplier regardless of value

By the public sector, for the public sector Performance Bond - A sum of money (typically 10% of the contract value) lodged by the provider with a third party, typically a bank, to compensate the client for lack of contract performance / de-mobilising incumbent provider and re-tendering. Parent Guarantee provided by the provider’s immediate parent or other holding company to act as guarantor for the provider’s fulfilment of the contract.

By the public sector, for the public sector Finance Checks At PQQ the council will ask for a Financial Evaluation to be completed and uploaded as part of the provider’s response. There is a pass mark of 40%. At preferred bidder stage, the council will undertake a Dun and Bradstreet financial check to assess the financial risk of the provider as part of their due diligence.

By the public sector, for the public sector TUPE TUPE is a matter of law, not choice A TUPE questionnaire will be issued to existing providers and their responses will form part of the tender pack The Council are not responsible for the information provided by these organisations We would recommend interested parties seek their own legal advice regarding TUPE