Tender Reports

The 35th article of the Construction Works Tenders Implementation Regulation regarding the financial sufficiency to be prepared within the scope of the procedures and principles to be applied by the administrations within the scope of the Public Procurement Law No.4734 dated 4/1/2002, published in the Official Gazette dated 04.03.2009 and Reiterated number 27159, documents and reports prepared on the basis of the provisions of article.

Balance Sheet or equivalent documents specified in Article 35 of the Relevant Legislation

a) Candidates and bidders who are obliged to publish their balance sheet in accordance with the relevant legislation, the year-end balance sheet or the parts of the balance sheet showing that they meet the criteria in the third paragraph,

b) Candidates and bidders who are not obliged to publish their balance sheet pursuant to the relevant legislation, the year-end balance sheet or the parts of the balance sheet showing that the criteria in the third paragraph are met, or the document prepared in accordance with the standard form by the certified public accountant or independent accountant financial advisor to show that these criteria are met,

presents are called.

In the documents submitted by the bidder under the second paragraph;

a) The current ratio (current assets / short-term debts) showing whether it has the necessary liquidity to provide cash flow in certain periods and the ability to pay debt in a short term (one year) is at least 0.75 (while calculating; construction progress income over the years will be deducted from short-term debts),

b) Equity ratio (equity / total assets) showing how much of the active assets consist of equity is at least 0.15 (while calculating, construction costs spread over years will be deducted from total assets),

c) The ratio of short-term bank debts to equities is less than 0.50,

and the three specified criteria must be met together. In the balance sheets presented, the construction costs and progress payments, if any, over the years should be shown.

(4) Those who cannot meet the above-mentioned criteria in the previous year may submit the documents for the years up to the last three years. In this case, it is checked whether the qualification criteria are met over the average of the monetary amounts of the years whose documents are submitted.

(5) In tenders whose tender or deadline is in the first four months of the year, those who do not submit their documents of the previous year may submit their documents for the previous two years. In these documents, those who cannot meet the qualification criteria can submit the documents of the two previous years and the documents of the three previous and four previous years. In this case, it is checked whether the qualification criteria are met over the average of the monetary amounts of the years whose documents are submitted.

(6) This fiscal period is taken as basis for the balance sheets of the candidate and the tenderer whose fiscal period is different from the calendar year in accordance with Article 174 of the Tax Procedure Law No. 213 dated 4/1/1961.

(7) The balance sheet or parts of the balance sheet showing that the criteria in the third paragraph are met must be approved by a certified public accountant or independent accountant financial advisor or tax office arranged in accordance with the relevant legislation. The balance sheet or the parts of the balance sheet issued in a foreign country that show that the criteria in the third paragraph are met should be prepared according to the legislation of that country and approved by the competent authority to issue these documents.

(8) In the event that the balance sheets or parts thereof that are not mandatory to be published in a foreign country are not submitted, these documents can be certified with a document approved by the competent authority according to the legislation of that country where the above-mentioned criteria are met.

(9) In case the candidate or tenderer is a joint venture, each of the partners must submit the required documents separately and meet the criteria specified in the third paragraph.