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    NFCC

    Uploaded by

    Rovelyn Pamotongan
    This document outlines the requirements for calculating an applicant's Net Financial Contracting Capacity (NFCC) based on their audited financial statements and tax returns from the previous year. It lists the required financial data including total assets, current assets, total liabilities, current liabilities, and net worth. It then provides the formula to calculate the NFCC based on current assets, current liabilities, and the value of outstanding contracts. This financial data is used to determine an applicant's eligibility for government construction projects.

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    NFCC

    Uploaded by

    Rovelyn Pamotongan
    180 views1 page
    This document outlines the requirements for calculating an applicant's Net Financial Contracting Capacity (NFCC) based on their audited financial statements and tax returns from the previous year. It lists the required financial data including total assets, current assets, total liabilities, current liabilities, and net worth. It then provides the formula to calculate the NFCC based on current assets, current liabilities, and the value of outstanding contracts. This financial data is used to determine an applicant's eligibility for government construction projects.

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    This document outlines the requirements for calculating an applicant's Net Financial Contracting Capacity (NFCC) based on their audited financial statements and tax returns from the previous year. It lists the required financial data including total assets, current assets, total liabilities, current liabilities, and net worth. It then provides the formula to calculate the NFCC based on current assets, current liabilities, and the value of outstanding contracts. This financial data is used to determine an applicant's eligibility for government construction projects.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    180 views1 page

    NFCC

    Uploaded by

    Rovelyn Pamotongan
    This document outlines the requirements for calculating an applicant's Net Financial Contracting Capacity (NFCC) based on their audited financial statements and tax returns from the previous year. It lists the required financial data including total assets, current assets, total liabilities, current liabilities, and net worth. It then provides the formula to calculate the NFCC based on current assets, current liabilities, and the value of outstanding contracts. This financial data is used to determine an applicant's eligibility for government construction projects.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    NFCC

    A. Summary of the Applicant Supplier’s/Distributor’s/Manufacturer’s assets and liabilities


    on the basis of the attached income tax return and audited financial statement,
    stamped ‘RECEIVED’ by the Bureau of Internal Revenue or BIR authorized collecting
    agent, for the immediately preceding year and a certified copy of Scheduled of Fixed
    Assets particularly the list of construction equipment.

    Year 20___
    1. Total Assets
    2. Current Assets
    3. Total Liabilities
    4. Current Liabilities
    5. Net Worth (1-3)
    6. Net Working Capital (2-4)

    B. The Net Financial Contracting Capacity (NFCC) based on the above data is computed as
    follows:
    NFCC = K (current asset – current liabilities) minus value of all outstanding works
    under on going contracts including awarded contracts yet to be started
    NFCC = Php _________________
    K = 10 for a contract duration of one year or less, 15 for more than one year up
    to two years and 20 for more than two years.

    Here with attached are certified true copies of the income tax return and audited
    financial statement: stamped ‘’RECEIVED’’ by the BIR or BIR authorized collecting agent
    for the immediately preceding year and the certificate of commitment from licensed
    bank to extend a credit line.

    NOTE:

    1. If Partnership or Joint Venture, each Partner or Member Firm of Joint Venture shall
    submit the above requirements.

    The above information is among the financial documents required for Eligibility Check. Together
    with the legal and technical documents required, the financial documents shall be placed inside
    the Eligibility Enveloped and submitted to the BAC on or before the deadline for the submission
    and receipt of Eligibility Envelopes.

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