Financial Assessment: Olvera Advisors

Counterparty Financial Assessment

Olvera Advisors is pre-qualified to provide the full range of assessment services

Scheme Number: SCM2491

We assist NSW Government agencies and statutory corporations in carrying out financial assessments on contractors and/or suppliers tendering for government projects.

Types of Financial Assessments

  • Prequalification – evaluation of the financial capacity of contractors or suppliers seeking prequalification for construction, facilities maintenance, general goods and services, Information, Communication and Technology (ICT), trade services, complex medical diagnostic equipment, service consultants and other goods and services.
  • Tender – evaluation of the financial capacity of tenderers before they are awarded a contract for construction or facilities maintenance, general goods and services, Information, Communication and Technology (ICT), trade services, complex medical diagnostic equipment, service consultants and other goods and services.
  • Monitoring – includes updates on a previous financial assessment and the on-going evaluation of the financial capacity of service providers with contracts that are in progress.

Levels of Financial Assessment

The level of financial assessment to be carried out should be correspond to the scale, scope and relative risk of a proposed project. The table below indicates which reports are recommended according to contract value and contractor revenue.
Financial Assessment

Government agencies are responsible for determining the appropriate level of financial assessment required, based on the factors above.

What does the process look like?

You (the agency) complete and submit the Order Form to our office.

Following receipt, we contact the contracting entity advising them of our engagement and request specific information to complete the financial assessment – the contracting entity has 2 business days to provide the information.

On receipt of information, we liaise with you (the agency) advising when information has been received and the date the financial assessment will be completed.

We then submit the financial assessment to you (the agency) providing a clear recommendation of whether the contracting entity meets the minimum financial requirements as set by NSW Treasury.

Turnaround Time

Turnaround times are based on the level of assessment and the priority level that a requesting Agency has specified in the Order form. The time commences from the date and time an order is made by an Agency and that order is received by the Service Provider.

Financial Assessment

*Comprehensive financial assessments

The required turnaround times for comprehensive financial assessments are to be negotiated and agreed between the Agency and Olvera.

Report Costs

Prices are generally set as a fixed fee per report and fees vary according to the type of report and turnaround time requested.

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The Evaluation Process

The evaluation process includes an assessment of the risks involved in the project such as the possibility that the contractor may not be able to deliver on the contract due to financial stress. One of a range of measures designed to identify and mitigate this risk is to conduct an assessment on the financial capacity of the contractor.

The Financial Assessment will focus on an entity’s ownership, structure, business and financial capacity to undertake a project up to a specified value. The assessment includes analysis on financial performance and liquidity based on the management, final or audited financial statements of the entity with consideration to any related party transactions such as intra-group loans.