Assessing and monitoring the economic and financial standing of
suppliers is about understanding the financial capacity of suppliers to
perform a contract in order to safeguard the delivery of public services.
This Guidance Note provides advice on how to:
● assess the EFS of bidders during a procurement;
● monitor the ongoing EFS of suppliers during the life of a contract;
● mitigate the financial risks identified from the EFS evaluation of a bidder,
either upfront or during the course of the contract.
Effective evaluation and monitoring of the EFS of suppliers both pre and
post procurement, forms part of a wider strategy to maintain a healthy
market as detailed in HMG’s Sourcing Playbook.
The contents of this Guidance Note are relevant to all Central
Government Departments, their Executive Agencies and Non
Departmental Public Bodies.
In2 the bargain 