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Financial Viability Assessments in Procurement

Significant Risk Detailed / Standard Financial Assessment Advanced / Detailed Financial Assessment Advanced Financial Assessment / Credit Rating Report Comprehensive / Standard Credit Rating Report
High Risk Standard / Concise Financial Assessment Detailed / Standard Financial Assessment Advanced / Detailed Financial Assessment Advanced Financial Assessment / Credit Rating Report
Medium Risk Express Check Concise Financial Assessment Detailed / Standard Financial Assessment Advanced / Detailed Financial Assessment
Low Risk ASIC / Express Check Express Check Standard / Concise Financial Assessment Detailed / Standard Financial Assessment
Minimal $ Value Low $ Value Medium $ Value High $ Value

 

In assessing risk level, consider the consequences of failure or poor service delivery due to capacity or cash flow constraints in terms of replacement costs, legal fees and project delays. The complexity and term of contract are also important factors as is the political profile and impact on stakeholders.

Note that National Prequalification Reports are also provided for Construction companies contracting at a level of over $50,000,000 per annum and for all Roads and Bridges contractors. These are approximately the equivalent of the Detailed Report, but do contain some additional analysis.

Product Description Delivery working days
Comprehensive Credit Rating Report / Credit Rating Report Used for assessing large value, high risk, and/or strategically important contracts. These reports provide a detailed and comprehensive analysis of the financial capacity, credit quality and financial risk of an entity relative to a particular obligation or exposure level. (Note: A Comprehensive Report is required when analysing corporate groups, public companies and overseas entities.) Standard; 10
Advanced Financial Assessment Used for corporate risk assessments on medium to large contracts These reports provide an advanced appraisal and professional opinion on the corporate and financial risks in procurement or contracting. Applied to medium/large contracts, these reports provide an in-depth appraisal of corporate & financial risks in procurement or contracting. Standard: 5 Priority: 3
Detailed Financial Assessment - Procurement Applied to medium/large contracts, these reports provide an in-depth appraisal of corporate & financial risks in procurement or contracting. Standard: 5 Priority: 3
Standard Financial Assessment - Procurement A general assessment of supplier's corporate and financial risks for medium risk contracts. Standard: 5 Priority: 3
Concise Financial Assessment - Procurement Generally used to provide a preliminary screening of tender responses or for annual reviews of pre-qualified panels, this report provides a snapshot of corporate and financial risk and issues. Contact us, if you require access to this report level. Standard: 5 Priority: 3
Express Check (Procurement) Available on-line or in batch, this report provides details of the corporate structure, office holders and public record checks with risk assessment based on immediately available non-financial data. This report is designed to screen out potential risk on large supply panels or for rudimentary analysis on small or low risk procurement. Standard: 1