FINANCIAL RESOURCES AND RESPONSIBILITY Sample Clauses

FINANCIAL RESOURCES AND RESPONSIBILITY. 1. Is your firm preparing to be sold, in the process of being sold, or in negotiations to be sold? If Yes, use Attachment “A” to explain the circumstances, including the buyer’s name and principal contact information. 2. In the past five (5) years, has your firm been denied bonding? If Yes, use Attachment “A” to explain specific circumstances; include bonding company name. 3. In the past five (5) years, has a bonding company made any payments to satisfy claims made against a bond issued on your firm's behalf or a firm where you were the principal? If Yes, use Attachment “A” to explain specific circumstances. 4. In the past five (5) years, has any insurance carrier, for any form of insurance, refused to renew the insurance policy for your firm? If Yes, use Attachment “A” to explain specific circumstances. 5. Within the last five (5) years, has your firm filed a voluntary petition in bankruptcy, been adjudicated bankrupt, or made a general assignment for the benefit of creditors? If Yes, use Attachment “A” to explain specific circumstances. 6. Please provide the name of your principal financial institution for financial reference. By submitting a response to this Solicitation Contractor authorizes a release of credit information for verification of financial responsibility. 7. By submitting a response to a City solicitation, Contractor certifies that he or she has sufficient operating capital and/or financial reserves to properly fund the requirements identified in the solicitation. At City’s request, Contractor will promptly provide to City a copy of Contractor’s most recent balance sheet and/or other necessary financial statements to substantiate financial ability to perform.

FINANCIAL RESOURCES AND RESPONSIBILITY. Is your firm preparing to be sold, in the process of being sold, or in negotiations to be sold?

FINANCIAL RESOURCES AND RESPONSIBILITY. Is your firm preparing to be sold, in the process of being sold, or in negotiations to be sold? Yes No If Yes, use Attachment “A” to explain the circumstances, including the buyer’s name and principal contact information.

FINANCIAL RESOURCES AND RESPONSIBILITY. 1. Is your firm in preparation for, in the process of, or in negotiations toward being sold?  Yes  No If Yes, use Pledge of Compliance Attachment “A” to explain specific circumstances, including name of the buyer and principal contact information. 2. In the past five (5) years, has your firm been denied bonding?  Yes  No If Yes, use Pledge of Compliance Attachment “A” to explain specific circumstances; include bonding company name. 3. In the past five (5) years, has a bonding company made any payments to satisfy claims made against a bond issued on your firm's behalf or a firm where you were the principal?  Yes  No If Yes, use Pledge of Compliance Attachment “A” to explain specific circumstances.

FINANCIAL RESOURCES AND RESPONSIBILITY. 1. Is your firm preparing to be sold, in the process of being sold, or in negotiations to be sold? Yes No If Yes, use Attachment A to explain the circumstances, including the buyer’s name and principal contact information. 2. In the past five (5) years, has your firm been denied bonding? Yes No If Yes, use Attachment A to explain specific circumstances; include bonding company name. 3. In the past five (5) years, has a bonding company made any payments to satisfy claims made against a bond issued on your firm's behalf or a firm where you were the principal? Yes No If Yes, use Attachment A to explain specific circumstances. 4. In the past five (5) years, has any insurance carrier, for any form of insurance, refused to renew the insurance policy for your firm? Yes No If Yes, use Attachment A to explain specific circumstances. Within the last five years, has your firm filed a voluntary petition in bankruptcy, been adjudicated bankrupt, or made a general assignment for the benefit of creditors? Yes No If Yes, use Attachment A to explain specific circumstances. Are there any claims, liens or judgements that are outstanding against your firm? Yes No If Yes, please use Attachment A to provide detailed information on the action.

FINANCIAL RESOURCES AND RESPONSIBILITY. 10.1 In the past seven years, has your firm or anyone else acting on behalf of your firm, filed for bankruptcy, insolvency, receivership, or reorganization? □ Yes □ No If Yes, list the filing date, identify the court and case number, describe the facts and circumstances giving rise to each instance and set forth the disposition or current status. Attach additional sheets as necessary. 10.2 In the past five years, has your firm had any consolidations, mergers, acquisitions, closings, layoffs, or staff reductions? □ Yes □ No If Yes, list the date and describe the facts and circumstances about each instance. Attach additional sheets as necessary.

FINANCIAL RESOURCES AND RESPONSIBILITY. 1. Is your firm in preparation for, in the process of, or in negotiations toward being sold? If Yes, use Pledge of Compliance Attachment “A” to explain specific circumstances, including name of the buyer and principal contact information. 2. In the past five (5) years, has your firm been denied bonding? If Yes, use Pledge of Compliance Attachment “A” to explain specific circumstances; include bonding company name. 3. In the past five (5) years, has a bonding company made any payments to satisfy claims made against a bond issued on your firm's behalf or a firm where you were the principal? If Yes, use Pledge of Compliance Attachment “A” to explain specific circumstances.

FINANCIAL RESOURCES AND RESPONSIBILITY. 1. Is your firm preparing to be sold, in the process of being sold, or in negotiations to be sold? Yes No If Yes, use Attachment “A” to explain the circumstances, including the buyer’s name and principal contact information. 2. In the past five (5) years, has your firm been denied bonding? Yes No If Yes, use Attachment “A” to explain specific circumstances; include bonding company name. 3. In the past five (5) years, has a bonding company made any payments to satisfy claims made against a bond issued on your firm's behalf or a firm where you were the principal? Yes No If Yes, use Attachment “A” to explain specific circumstances. 4. In the past five (5) years, has any insurance carrier, for any form of insurance, refused to renew the insurance policy for your firm? Yes No If Yes, use Attachment “A” to explain specific circumstances. 5. Within the last five (5) years, has your firm filed a voluntary petition in bankruptcy, been adjudicated bankrupt, or made a general assignment for the benefit of creditors? Yes No If Yes, use Attachment “A” to explain specific circumstances. 6. Please provide the name of your principal financial institution for financial reference. By submitting a response to this Solicitation Contractor authorizes a release of credit information for verification of financial responsibility. 7. By submitting a response to a City solicitation, Contractor certifies that he or she has sufficient operating capital and/or financial reserves to properly fund the requirements identified in the solicitation. At City’s request, Contractor will promptly provide to City a copy of Contractor’s most recent balance sheet and/or other necessary financial statements to substantiate financial ability to perform.

FINANCIAL RESOURCES AND RESPONSIBILITY. In the past five (5) years, has your firm ever been the debtor in a bankruptcy proceeding? ___________Yes _________________ No If Yes, explain on Attachment A the specific circumstances and dates surrounding each instance.

FINANCIAL RESOURCES AND RESPONSIBILITY. Is your firm in preparation for, in the process of, or in negotiations toward being sold? □ Yes □X No If Yes, use Pledge of Compliance Attachment “A” to explain specific circumstances, including name of the buyer and principal contact information.