Minimum standards and qualification required
During these times of uncertainty, particularly within the performing arts, events and hospitality sectors, it is vital that prospective suppliers are in good overall financial and operational health. To this end we will require suppliers to submit their latest financial statements and audited accounts, together with updated cash flow positions and forecasts at the start of this process.
We reserve the right to exclude suppliers that we have reasonable grounds to believe would present a risk to Wales Millennium Centre.
We request the following with your submissions:
Financials
● The audited accounts for the last filing period. Latest unaudited accounts for the latest financial period will be accepted if audited accounts are not yet available.
● Current Management Accounts including:
○ Cash Flow Position & Forecasts
○ Projections on growth, client retention (or loss) and the basis for these
○ Current significant creditors and liabilities, along with when these are due for repayment / negotiations on restructuring these
● Strategies and policies to retain staff with core skills to support your clients and continue to deploy and develop your products
● Please confirm that your business unit and group (if applicable) are a Real Living Wage employer (this is different from paying the National Living Wage)
Compliance & Social Responsibility
Evidence, certification or other documentation relating to
● Personal data security, hosting and other relevant information
● PCI / PA-DSS compliance, audit and certification
● Penetration test certification or other third-party certification of your application and company’s IT security.
● Please provide details of where our data (and that of our customers) will be stored geographically if applicable, as well as a description of the hosting facility and its compliance levels.
Tenderers should also submit their standard terms, conditions and expected duration of agreements with their response.
The terms must be proportionate and reasonable given the scope of this RFP and may be subject to negotiation with the organisation. Please provide costings based on an annual rate and indicate any alternative options that you would consider/advise.
We reserve the right to request reasonable amendments to tenderers terms and conditions. If amendments cannot be agreed between ourselves and the tenderer, the supplier may be excluded from further participation in the process.
PLEASE READ THE ATTACHED BRIEFING DOCUMENT ALSO.
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