How is economic solvency accredited?

Ok, let's go to the grain and with fewer formalisms. If you want to get into the world of public tenders, you have to demonstrate that you are not in ruin. That is, you have enough pasta to comply with what you promise if you want the contract. The administrations do not want to catch their fingers with ghost companies or about to break, so they ask for evidence. What kind of tests? Well, it depends, but there are classics that never fail.

For example, the typical thing is to present the audited annual accounts, which is basically the company's financial report but reviewed by someone external who knows about the subject. Thus you show that your numbers block and that if they ask you to pay something, you can do it without drama.

Another way to convince the tender court is with a bank report. Come on, your bank certifies in writing that you have a healthy financial relationship and that, if necessary, you can pull a credit line. It is not unusual, they ask you almost everywhere.

There is also professional responsibility insurance, which becomes like a seat belt if you screw it into a professional service. If your company can put the leg and claim you, better to have it. And if you have it, add points in the tender.

A detail: everything you deliver has to be recent and come to the story for the contract in question. It is useless to remove papers from memories.

Legally, this is collected by article 87 of Law 9/2017 (yes, that no one reads whole), where they tell you how and with what to demonstrate your economic and financial solvency. Basically, the same: audited accounts, bank reports, insurance and little else.

Ah, and eye, that this only covers the economic part. You also have to demonstrate that you know what you do: experience, qualified personnel, technical means, etc. It is not enough to have money at the bank; If you have no idea of the sector, they will not give you the contract either.

In short: If you want them to take you seriously in a public tender, it teaches that you have financial stability and that you will not disappear halfway. If you do well, your chances of taking the contract go up. Easy to say, not so much to do, but the game goes.