The Health Care Services (Provider Selection Regime) Regulations 2023

Economic and financial standing

3.—(1) With regard to economic and financial standing, a relevant authority may impose requirements ensuring that a provider possesses the necessary economic and financial capacity to perform the contract or perform contracts based on the framework agreement.

(2) In particular, a relevant authority may require that a provider—

(a) has a certain minimum yearly turnover, including a certain minimum turnover in the services covered by the contract,

(b) provides information on its annual accounts showing, for example, the ratios between assets and liabilities, and

(c) has an appropriate level of professional risk indemnity insurance.

(3) The minimum yearly turnover that a provider is required to have must not exceed twice the estimated contract or framework agreement value unless the relevant authority is satisfied that a higher minimum is appropriate and proportionate to the subject-matter of the contract or framework agreement, for example where the nature of the subject-matter creates a special risk.