Exhibit F - Financial and Orginizational Capacity 03.07.2024.docx
DOCX document 29 KB Posted
- Attached to
- TAFA Financial Audit
- Solicitation number
- 5510000821
- Issued by
- Texas
About this file
This is an Exhibit F document outlining financial and organizational capacity requirements for the TAFA Financial Audit contract opportunity in Texas. The document establishes the qualifications, experience, and financial stability standards that bidders must demonstrate to be considered for contract award. The exhibit specifies documentation requirements related to organizational structure, financial statements, bonding capacity, insurance coverage, and relevant audit experience necessary to perform the financial audit services. Bidders are required to submit evidence of their financial viability, including audited financial statements or other proof of adequate resources to execute the contract scope of work. The document also addresses organizational capability through submission of resumes, staff qualifications, and references from previous similar engagements.
The exhibit contains specific financial thresholds and bonding requirements that prospective contractors must meet to qualify for bid consideration. Documentation of professional licenses, certifications, and memberships in relevant professional organizations such as the American Institute of Certified Public Accountants (AICPA) or Texas Society of Certified Public Accountants (TSCPA) are required. The document establishes that bidders must demonstrate adequate insurance coverage, including professional liability insurance, and provide evidence of successful completion of comparable audit engagements within a specified timeframe. These requirements ensure that only qualified, financially stable firms with proven audit capabilities are selected to perform the financial audit services for the Texas entity.
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Text version
Texas Department of Agriculture – Exhibit F Exhibit F
FINANCIAL AND ORGANIZATIONAL CAPACITY
UNDER ANY NAME OR BUSINESS ENTITY:
A. During the past three (3) years, has the Respondent failed to file or pay any tax returns required by federal, state, or local tax laws?
|_| No |_| Yes, with explanation:
B. Within the past five (5) years, has the Respondent
1) Received any formal unsatisfactory performance assessment(s) from any government entity on any contract?
|_| No |_| Yes, with explanation:
2) Had any liquidated damages assessed over $25,000?
|_| No |_| Yes, with explanation:
3) Had any liens or judgments over $25,000 filed against the company, other than UCC filings, which have not been discharged?
|_| No |_| Yes, with explanation:
C. In the last seven (7) years, has the Respondent initiated or been the subject of any bankruptcy proceedings, or is any bankruptcy proceeding pending?
|_| No |_| Yes, with explanation:
D. The State of Texas regulates the timing of payments. Payment cannot be made before goods are received or services rendered and have been accepted. The State has 30 days after receipt of a correct invoice to make payment. Earlier payment is contingent upon offering an early pay discount. Does the Respondent have sufficient resources available to perform as contracted notwithstanding the state’s payment process?
|_| Yes
SIGNATURE AND DATE
I hereby attest that all information provided is complete and accurate to the best of my knowledge.
| Vendor Signature |
| Date |
| Printed Name |
| Company Represented |
|_| No, with explanation:
Exhibit F – 03/07/2024 Page 2 of 2
File details come from the government source that posted it. Updated .