Business Specifications. Financial Stability Offerors must submit copies of the most recent years independently audited financial statements and the most current 10k, as well financial statements for the proceeding three years, if they exist. The submission must include the audit opinion, the balance sheet, statements of income, retained earnings, cash flows and the notes to the financial statements. If independently audited financial statements do not exist, Offeror must state the reason, and instead, submit sufficient information (e.g. D & B report) to enable the Evaluation Committee to assess the financial stability of the Offeror. Insurance ALL RESPONDENTS MUST submit, with their proposal, proof of insurance for Professional Liability in an amount not less than $1,000,000. Proof shall be by submission of copies of current policies or current Certificates of Insurance, including the effective dates of coverage. Xxxxxxxx County requires the following provisions awarded by the vendor: Xxxxxxxx County to be named as additional insured or an insured on all required policies. Xxxxxxxx County shall be provided with an unconditional thirty (30) days advance written notice of cancellation or material change (i.e. no limit on the notice of cancellation) on all policies. Prior to the execution of the resulting contract, the Xxxxxxxx County Purchasing Office shall be supplied with an original certificate of insurance evidencing the stated requirements. This insurance shall be effective for the contract duration and renewal certificates shall also be supplied upon expiration. APPENDICES
Business Specifications
