Financial Capacity Requirements

  • For Revalidation

Criteria A B C D (Petty)
Option 1:
Net Worth is:
 Nu. 5,000,000
  Nu.  2,500,000
  Nu.  675,000
  N/A
Option 2:
Net Worth is:
and
Average Annual Income is:
 Nu.  2,000,000

Nu.  32,500,000
 Nu.  750,000

Nu. 15,000,000
Nu. 225,000

Nu. 4,500,000
N/A
Option 3:
Net Worth is:
and
Average Annual Credits are:
 Nu.  2,000,000

Nu.  10,000,000
 Nu.  750,000

Nu. 2,250,000
Nu. 150,000

Nu. 675,000
N/A

* N/A stands for Not Applicable

  • For Up-gradation

  • Criteria

    (Class B to Class A)

    (Class C to Class B)

    (Class D to Class C)


    Minimum value of Turnover in any one year during the last three years:

    (Profit/Loss Statement)

    Nu.  22.5 Million


     
    Nu. 11.25 Million



    Nu 0.75 Million


    Net Worth:
    and Credit rating


     Nu.  4,000,000

    Nu.  10,000,000


     Nu.  1000,000

    Nu. 5,000,000


    Nu. 500,000

    Nu.1,000,000

     

Financial capacity can be shown by:

  • Submitting financial statements such as audited/certified financial statements/balance sheets, company annual report etc. that would clearly indicate the financial position of the preceding years,(only audited or certified statements submitted  to the Department of Revenue & Customs will be accept in particular from Classes A & B contractors).

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