An interested bidder to any government procurement should possess the three kinds of eligibility: Legal, Financial and Technical Eligibilities. To prove financial eligibility, the bidder must necessarily submit a computation of its/his/her Net Financial Contracting Capacity (NFCC). Your tasks are (A) Calculate the bidder's NFCC using the following information: 1) the contract duration is for more than one year up to two years; 2) the current ratio is 3 where current liabilities is at P1.5 million; 3) outstanding contracts to date is P10 million; 4) there is an awarded contract different from subject matter of bid that is yet to be commenced amounting to P2 million; and (B) Determine if the bidder is financially eligible for the contract to be bid. Refer to the attached image for the applicable ABC of the contract to be bid.
An interested bidder to any government procurement should possess the three kinds of eligibility: Legal, Financial and Technical Eligibilities. To prove financial eligibility, the bidder must necessarily submit a computation of its/his/her Net Financial Contracting Capacity (NFCC). Your tasks are (A) Calculate the bidder's NFCC using the following information: 1) the contract duration is for more than one year up to two years; 2) the
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