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Tenders
How to use a credit report in tenders
In many tenders the supplier must document financial solidity. An up-to-date credit report is the simplest way to show that you are a safe party.
What the contracting authority looks for
Contracting authorities want to know that the supplier has the finances to complete the assignment. Score, rating, equity and the absence of payment remarks are what count most.
How to document it
- Attach a fresh credit report as a PDF
- Use a live report if the process runs over time
- Briefly explain any weak points yourself
Keep it up to date
A report that is months old weakens the impression. A report fetched fresh at order shows that the figures are fresh and that your finances are in order.