Countywide Bee-Line ParaTransit Innovative - Westchester County ...

6.1 An audited financial statement for the most recently completed fiscal year of the
organization must be submitted. An organization shall be considered, for
qualification purposes, to be in sound financial condition if the auditor has
rendered an unqualified opinion and the organization's assets exceed its
liabilities. If the auditor has issued a qualified opinion or the organization's
liabilities exceed its assets (or both), a detailed statement identifying measures
being taken to address such deficiencies and/or deficits, including a projected
date for the achievement of sound financial condition, or an acceptable
explanation of such deficiencies and/or deficits must accompany the audit. The
statement must be signed by the organization's authorized signatory. If a
satisfactory statement of remedial measures is not submitted as required, the
proposal will be automatically rejected. If the submitted audit contains a
disclaimer of opinion, an adverse opinion, or a special report opinion, the
proposal may be rejected.
6.2 In the case of a for-profit organization that is a subsidiary whose financial
statements are consolidated into the parent company's financial statement,
submit the consolidated financial statements where required by section 6.1.
6.3 Provide information on any bankruptcy proceedings which the proposer or any of
its affiliates have been involved in within the last 10 years.
6.4 Provide information on any fines or liquidated damages which have been paid by
the Proposer or any of its affiliates within the last 3 years.
7.0 References
Please indicate at least three client references for similar projects.
1. _______________________________________________________
2. _______________________________________________________
3. _______________________________________________________
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