Subcontractor Credit Rating Check Policy
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POL-1020
1
Julian McDonald TechIOSH
03/08/2021
01/01/2022
All managers with responsibilities within the policy.
The following issues should be evaluated against the proposed scope of works to be undertaken:
History
 Track record and appropriate references.
 Audited accounts.
 Tax returns.
Current position
 Main customers (each expressed as a percentage of total turnover to reveal where there may be
significant dependencies).
 Current contracts in progress including project programmes and values (to assess where there may be
significant overlaps that would put the organisation under pressure).
 Staff resources and CV’S of senior management.
 Organisation chart.
 Current debt position with debt expiry dates.
 Current direct labour resource, including comparisons with previous years.
 Current subcontractors and suppliers.
 Details of current warrantees, guarantees, encumbrances, liens, performance or on-demand bonds or
charges held by third parties.
Future position
 Pipeline work under tender or negotiation.
 Current unaudited annual accounts in progress.
 Proposed subcontractors and suppliers.
Legal position
 Litigation, claims and other disputes in progress.
 Ownership of intellectual property, patents, licenses and certification required to carry out the work.
 Insurances in place.
 Partnerships or joint ventures with other organisations.
 Ownership of machinery and facilities required to execute the work.
Technical capability
 Examination of past or current similar work.
 Competency, qualifications and certificates.
 Subcontractor and supplier capability.
 Building Information Modelling (BIM) capability.
 Overall capacity to undertake the work.
 Disaster planning in the event of a catastrophic occurrence such as fire.
Other indicators
 The cost of performance bonds.
 Reputation in the insurance market.
 Time taken to pay subcontractors and suppliers.
Document Owner: Julian McDonald
Page 2 of 3
Date of Issue: 03/08/2021
Revision Date: 03/01/2022
Document number: POL-1020
Subcontractor Credit Check policy
Version: 001
We use the Dun & Bradstreet Credit Rating and reports to determine the credit-worthiness of the subcontractor.
Document Owner: Julian McDonald
Page 3 of 3
Date of Issue: 03/08/2021
Revision Date: 03/01/2022
Document number: POL-1020
Subcontractor Credit Check policy
Version: 001