{
  "url": "https://openlegislation.uk/health-services-provider-selection-regime-wales-regulations-2025/schedule-18/paragraph-5",
  "json_url": "https://openlegislation.uk/health-services-provider-selection-regime-wales-regulations-2025/schedule-18/paragraph-5.json",
  "legislation": "wsi/2025/99",
  "legislation_title": "The Health Services (Provider Selection Regime) (Wales) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/health-services-provider-selection-regime-wales-regulations-2025",
  "path": "schedule/18/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Economic and financial standing",
  "text": "(1) A relevant authority may impose requirements that a provider prove they possess the necessary economic and financial capacity to perform the contract.\n(2) In particular, a relevant authority may require that a provider—\n(a) has a certain minimum annual turnover, including a certain minimum turnover in the relevant health services covered by the contract,\n(b) provides information on its annual accounts showing the ratios, for example, between assets and liabilities, and\n(c) has an appropriate level of professional risk indemnity insurance.\n(3) The minimum annual turnover that a relevant authority can require a provider to prove must not exceed twice the estimated lifetime value of the contract or framework agreement, except in duly justified cases as determined by the relevant authority.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2025/99/schedule/18/paragraph/5",
    "retrieved_at": "2026-10-28T22:58:41.703971+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}