Track record
Kingsway been assessing contractor for more than 8 years and has a demonstrated track record of excellent service and provision of high quality information and analysis.
We have competitively tendered for and secured major Government contracts since 2001. Kingsway has maintained these contract over a number of years with the list of agencies using the service continuing to grow each month.
Kingsway has a proven ability to deliver large volumes of assessment reports under pressure in a timely manner.
Insolvency rates
Despite significant levels of insolvency in the general business community, the rate of insolvencies experienced by certain companies assessed and approved by Kingsway was zero*
*In a report prepared by NSW Procurement, NSW Department of Commerce in December 2008 the document states
“Since 2005 there have been no insolvencies recorded during delivery for construction contractors prequalified with the Department of Commerce. Yet in the same period, ASIC data indicates that one in four insolvencies in Australia were construction companies. This excellent outcome highlights the value of financial assessments”
Furthermore, Kingsway is not aware of any companies that have become insolvent in the 12 month following a positive financial assessment where Areas of Concern were not raised in our reports by our Corporate Analysts for risk mitigation.
Timely delivery
Our tracking system monitors the progress of each report ensuring timely delivery within agreed timeframes.
Kingsway has achieved almost 100% compliance to agreed delivery times for reports every month over the past 5 years.
A significant proportion of our work is conducted as high priority (i.e. 2 working day turnaround) adding to this achievement.
Confidentality
It is imperative to our service that confidentiality is retained with respect to our clients information and the information provided by entities that we assess. Due to excellent security measures, systems and training we have never experienced any actual or alleged breaches of confidentiality.