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<p>The Public Contracts Regulations 2015 require public procurers to award contracts
through fair and open competition, in line with principles of equal treatment, transparency
and non-discrimination.</p><p>Suppliers have to meet certain criteria to be able to
bid for public contracts, including a minimum level of financial and economic standing
as determined by the public body running the procurement. This may be proven through
turnover, audited accounts or other financial measures.</p><p>These financial checks
are carried out by the Contracting Authority who conduct their own risk assessments.</p><p>
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