1. A. The Real Estate Leasing Section may request that an apparent low bidder submit suitable evidence that he is a responsible bidder. A responsible bidder shall:

   1. 1. have adequate financial resources for performance, or have the ability to obtain such resources as required during performance;
   2. 2. have the necessary experience, organization, technical qualifications, skills, and facilities, or have the ability to obtain them (this may include subcontractor arrangements);
   3. 3. be able to comply with the proposed or required occupancy date; and
   4. 4. not have an unsatisfactory record of contract performance.

2. B. The Real Estate Leasing Section may request the following information:

   1. 1. a letter of credit from a financial institution;
   2. 2. financial statement;
   3. 3. a letter of commitment from the bank or other institution financing the project and addressed to the Division of Administration, stating the amount and terms of commitment to the lessor;
   4. 4. information from the prospective lessor, including representations and other data contained in proposals, or other written statements or commitments, such as financial assistance and subcontracting arrangements;
   5. 5. other information supportive of financial responsibility, including financial data, and records concerning lessor performance;
   6. 6. publications, including credit ratings and trade and financial journals; and
   7. 7. information from other sources, including banks, other financial companies, state departments and agencies, and courts.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1551-1736.

Historical Note

HISTORICAL NOTE: Promulgated by the Office of the Governor, Division of Administration, Facility Planning and Control, LR 10:904 (November 1984), amended LR 26:1022 (May 2000).