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It also makes clear that contracting authorities may not require the provision of audited accounts to test the financial standing of bidders, except where they are already required to under the Companies Act 2006, nor require insurance related to the performance of the contract to be in place prior to contract award. This will benefit and encourage start-ups, which are not legally required to file audited accounts, as they will no longer be shut out of the procurement process and can show financial capability by other means.