Artifact_4_Mandatory_Corporate_Financial_Viability_Info.docx

Request for Proposal 5000000660 BusinessDirect Maintenance and Operations Volume 1 – Part 2 Artifact 4, Mandatory Corporate Financial Viability Information

Artifact 4

Mandatory Corporate Financial Viability Information

Proposer Firm Name: Click here to enter text.

Instructions Please enter the Proposer Firm Name from the field provided at the top of this document. This value will automatically populate in the document header.

Below is an outline of topics. Each topic has an area to provide your response. Include pictures, tables, or formatting to add clarity to the response.

All responses must be in font type Times New Roman, font size 11, and single-spaced.

Corporate Financial Viability Information Instructions Proposers must respond to each of the items contained in this Corporate Financial Viability Information document.

CalSTRS will use the following financial information to determine the financial qualifications and the depth of financial reserve resources to support Proposer’s completion of all contractual obligations.

Proposer must submit the following:

1. Proposer must identify all subcontractors included in Proposer’s proposal and describe the structure of the relationship between Proposer and each subcontractor. Proposer must include a statement accepting full responsibility for coordinating, controlling, and delivering all aspects of the Agreement and for the work product and payment of any subcontractors on their team.

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2. Proposer must provide a financial overview for their organization. CalSTRS, at its option, may require the Proposer to provide additional support and/or clarify requested information. The overview shall include:

a. A brief background of Proposer’s company, indicating history, primary business location, local (California) presence, years in business, size (sales, employees, product shares in industry, etc.), and organizational structure.

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b. A description of the business focus for Proposer’s division or organizational entity responsible for the products and services in the proposal (if appropriate).

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c. The three most recent years of audited financial statements if available or non-audited financial statements. The financial statements should support an annual gross revenue of $200,000,000 ($200 Million) or more and profitable for each of the last three years. Supporting documentation may be attached to this artifact if needed. Indicate in the response below if supporting documentation is attached.

Response

d. A disclosure of any judgments, arbitration, pending litigation, or other real or potential financial reversals or events that might materially affect the viability of the Proposer’s organization, or otherwise impact the company’s going concern that are addressed in the audited financial statements, or company’s ability to complete this project.

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e. A disclosure of any known or planned sale, merger, or acquisition of Proposer’s company. Also, if applicable, a disclosure of any sale, merger, or acquisition in the last 2 years.

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f. A statement whether, in the last ten years, the Proposer has filed bankruptcy, or been involved in any insolvency proceeding, whether voluntary or involuntary, or undergone the appointment of a receiver, trustee, or assignee for the benefit of creditors.

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g. If applicable, the Proposer must provide a description of their procedures for managing subcontractors involved in the project along with their reporting mechanisms. The procedures must indicate how the subcontractors are to be compensated; e.g., time and materials, fixed price, hourly, or salary. The description must not include any specific costs, but must explain the compensation arrangement in terms of calculations to be performed and schedule of payments (i.e., payment bi-weekly, monthly, only when CalSTRS pays, etc.).

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