If Tenderer is a Supplier. If a Tenderer is a Supplier offering the Goods on behalf of or from a Manufacturer under Manufacturer's Authorization Form (Section IV, Tendering Forms), the Manufacturer shall demonstrate the above qualifications 4.2 (b) (i), (ii), and (iii) and the Tenderer shall demonstrate it meets the following criteria. i) The Tenderer shall demonstrate that it has access to, or has available, liquid assets, unencumbered real assets, lines of credit, and other financial means (independent of any Frameworkual advance payment) sufficient to meet the supply cash flow of Kenya Shillings 1million ii) Minimum average annual supply turnover of Kenya Shillings 2 Million or equivalent calculated as total certified payments received for Frameworks in progress and/or completed within the last 5 years, divided by 5 years. iii) Has satisfactorily and substantially completed at least 2 Framework(s) of a similar nature either within Kenya, the East African Community or abroad, as a prime supplier or a joint venture member, each of a minimum value in Kenya shillings 1 Million equivalent.
Appears in 1 contract
Sources: Framework Agreement
If Tenderer is a Supplier. If a Tenderer is a Supplier offering the Goods on behalf of or from a Manufacturer under Manufacturer's Authorization Form (Section IV, Tendering Forms), the Manufacturer shall demonstrate the above qualifications 4.2 (b) (i), (ii), and (iii) and the Tenderer shall demonstrate it meets the following criteria.
i) The Tenderer shall demonstrate that it has access to, or has available, liquid assets, unencumbered real assets, lines of credit, and other financial means (independent of any Frameworkual contractual advance payment) sufficient to meet the supply cash flow of Kenya Shillings 1million500,000
ii) Minimum average annual supply turnover of Kenya Shillings 2 Million 1 million or equivalent calculated as total certified payments received for Frameworks contracts in progress and/or completed within the last 5 2 years, divided by 5 2 years.
iii) Has satisfactorily and substantially completed at least 2 Framework(s3 contract (s) of a similar nature either within Kenya, the East African Community or abroad, as a prime supplier or a joint venture member, each of a minimum value in Kenya shillings 1 Million equivalent250,000 or_equivalent.
Appears in 1 contract
Sources: Framework Agreement