§ Mr. PicklesTo ask the Secretary of State for the Environment, Transport and the Regions if the credit rating of companies seeking to tender for services provided by his Department is checked before the contract is awarded. [107740]
§ Ms Beverley HughesDecisions on a bidding company's financial standing take account of latest available audited and interim accounts and any other relevant published information, which may include credit and debt rating. These checks are undertaken on contracts where the risk of early termination would place a financial and operational risk on my Department.
§ Mr. PicklesTo ask the Secretary of State for the Environment, Transport and the Regions how often the credit rating of companies supplying services to his Department is checked. [107751]
§ Ms Beverley HughesDuring the period of a contract my Department will generally carry out checks into a company's financial standing if it has reason to believe that any of its contractors may be in financial trouble.