HMRC Vaping Duty Stamps Scheme

Assessment of Financial Capacity Suppliers will be assessed against financial metrics to assess the suppliers financial capacity to perform the contract. Where the Authority assessed a Supplier to be 'high risk' against any of the Metrics (as detailed in Appendix II of the Cabinet Office Guidance on 'Assessing and Monitoring the Economic and Financial Standing of Suppliers'), the Authority shall request an explanation from the Supplier to seek to understand the risk mitigation in place.   The Authority shall undertake a financial viability assessment against the following metrics; 1 Turnover Ratio - Assesses whether winning the contract could have a material impact on the organisation that it might struggle to deliver the contract (Metric 1) . 2 Operating Margin - Measures what proportion of revenues remain after deducting operating expenses (Metric 2) . 3 Net Debt to EBITDA Ratio - Shows how many years it would take to repay net debt if EBITDA remained constant and was used in full to repay financial debt (Metric 3(B)). 4 Acid Ratio - A liquidity ratio which measures an organisation's ability to use cash and other assets it can quickly translate into cash to meet short term liabilities falling due (Metric 6).   To assess Suppliers against these metrics, the Authority will undertake due diligence on your documentary evidence of economic and financial standing normally provided through your accounts filed with Companies House where applicable.   Where these are not available, you may submit one or more of the following to demonstrate your economic and financial standing; including but not limited to:   - Details of annual company turnover and the applicable financial year based on your latest filed accounts;   - Financial Statements or extracts from Financial Statements; - Statement of overall turnover, and where appropriate of turnover in the areas covered by the contract for a maximum of the last three (3) financial years available;   - Any other appropriate statements from banks, management accounts etc.   Where the Authority assessed a Supplier to be 'high risk' against any of the Metrics (full details of the metrics are provided within the Procurement Specific Questionnaire (PSQ)), the Authority shall request an explanation from the Supplier to seek to understand the risk mitigation in place.

Technical Ability: Suppliers are required to provide up to 3 contract examples that demonstrate experience of delivering similar contracts, or where this is not possible (e.g. your organisation is a new start up, or you have provided services in the past but not under a contract) you may provide a 500 word statement providing an explanation for this and how you meet the Conditions of Participation relating to technical ability. HMRC reserves the right to contact the clients named in the case studies to validate the information provided. Failure to provide any or all of the information requested for each case study may result in your tender being rejected. It will be at HMRC's discretion to determine whether the contract examples demonstrate a suitable level of experience and ability to deliver the contract envisaged from this procurement exercise. A Supplier's tender will be rejected where HMRC deem the contract examples do not demonstrate a sufficient level of experience and ability. Demonstration of Technical Ability: Suppliers are required to demonstrate their technical experience and ability of delivering similar requirements to those set out in the Specification. Suppliers are required to provide a response to each of the questions below, in no more than 500 words per question: 1 Details of your experience and / or capability of secure production and distribution of physical secure products; 2 Details of your experience and / or capability of delivering a digital platform for the purposes of user / business registration, ordering and data capture; 3 Details of your experience and / or capability of delivering a secure, high volume data repository with real time access and reporting capabilities. Responses will be scored in accordance with the methodology outlined within Section 12.7 of the 'Invitation to Participate' Document. Suppliers must score a minimum of 60 in every question to progress. Suppliers who do not achieve the minimum score of 60 in every question will be excluded and will not be invited to the next stage of the process.