Three functions that must be mentioned in enterprise credit rating report

Enterprise credit rating refers to the activities of credit rating agencies to evaluate the credit information of enterprises according to certain indicators. In the bidding activities, most tenderers also take a fancy to the bidder's corporate credit rating, and regard it as one of the important factors to judge the bidder's business ability, credit status and development prospects. Therefore, corporate credit rating is very important for bidders.

Since 20 14, all parts of the country (Anhui, Henan, Shanxi, Jiangsu, Zhejiang, Shanghai, Heilongjiang, Liaoning and other provinces and cities) have successively issued policy documents on the use of corporate credit rating reports in government procurement and bidding. In bidding activities, the bidding enterprise must issue a credit rating report issued by a third-party credit rating agency, which will be used as one of the indicators for bid evaluation and scoring, and cannot use the credit certificate issued by the bank.

Functions of enterprise credit rating report:

First of all, make the tenderer establish initial trust in the bidder.

China is a market economy, and major enterprises operate independently and are responsible for their own profits and losses. In market economy activities, initial trust is the basis for further cooperation. Especially for the public bidding activities in the society, it is impossible for the tenderee to fully understand all the bidders' enterprises in a short time.

At this time, those enterprises that have passed the professional bidding credit rating are certainly more trustworthy than those without credit rating, and most bidders tend to choose such enterprises as the final bid winner. Therefore, in many public bidding activities, the tenderee will clearly put forward the proof that the bidder provides the credit rating of the third party bidding.

Second, it is conducive to corporate financing.

Bidding is not a short-term activity, and many projects need to provide long-term service and support, which requires higher funds for bidders. Moreover, the tenderer's advance payment to the bidder also has certain conditions. If the bidder wins the bid, its advance payment and liquidity are not enough to complete the bidding project, and financing is necessary at this time. Only enterprises with good credit rating can successfully raise funds.

Third, it is conducive to enterprises to improve their operations.

In the bidding activities, in addition to close contact with the tenderer, all bidders are also competing with each other. The credit rating of an enterprise is conducive to the enterprise to have a general understanding of its chances of winning the bid by comparing its bidding conditions with its own conditions, while the competition with other bidders can often make the enterprise realize its own shortcomings and help the enterprise to improve its operation in the future.

Corporate credit rating is very important to bidders!