Financial capacity update
We update your financial capacity in the RNC with the SNC, the figure that sets the maximum contract amount you can bid for. Compete for the big ones. From $90.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- Companies registered in the RNC whose finances have grown or changed and that need to update their financial capacity with the SNC to bid for larger contracts
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Review of your financial statements under the SNC's criteria.
- Correct upload of the financial information to the RNC.
- Update of your financial capacity and the amount you can bid for.
- Proof of the update.
Does not include
- The annual RNC renewal (separate service: Annual RNC renewal).
- Preparing the financial statements, if you don't have them (coordinated separately).
- Technical, representatives or corporate updates (separate services).
- The SNC's fee, which is separate.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 5.
- Company registered in the RNC
- Up-to-date financial statements under the SNC's criteria
- Recent ISLR (income tax) return
- Current RNC certificate
- Your contact details to coordinate
How the process works
You do very little. We take care of the rest.
- Step 1
We review your statements
We check your financial statements against the SNC's criteria.
We do this - Step 2
We organize the information
We prepare the financial information.
We do this - Step 3
We update your capacity
We upload and update your capacity in the RNC.
We do this - Result
Done
We confirm the new amount you can bid for.
You receive it
On the financial statements upload and the review by the SNC (public procurement agency).
What it costs and how to pay
There are two separate payments, and we want you to see them clearly.
Our fee: we do all the work for you.
The agency's fees, if any. It goes straight to the agency, and we give you the exact amount, with its receipt, before you pay anything.
How you pay: You pay once, when we start. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment covers our handling of the update. What you pay us, professional fees from $90 to prepare and upload the financial information and update your capacity. It's adjusted to your case
Preparing the financial statements, if you don't have them, and the SNC's fee are separate The lawyer gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I don't update my financial capacity?
You're stuck with the old ceiling: you can't bid for big contracts even if your company can now handle them. You're competing below your size.
What is financial capacity for?
It sets the maximum contract amount you can bid for.
How much does it cost?
The professional fee, from $90, covers preparing and uploading the information with the SNC; financial statements, if you don't have them, are quoted separately.
What do I need?
Financial statements prepared under the SNC's criteria.
How often should I update it?
At the close of each fiscal year, together with the annual renewal.
About this procedure
In the RNC there's one figure that, more than any other, decides which league you play in: your financial capacity. Based on your financial statements, the SNC sets the maximum contract amount your company can bid for. If that figure is outdated or loaded incorrectly, you stay boxed into small amounts even as your company grows and bills much more, and you watch the big tenders go by without even being able to bid, because the system tells you that you don't have the capacity for that amount.
It's one of the costliest and quietest mistakes in the registry. The company improves, grows its equity and its revenue, but nobody updates the financial capacity in the RNC, so it keeps competing under the ceiling from two years ago. Uploading financial statements also has its own criteria and formats required by the SNC, and getting it wrong triggers observations that hold up your qualification right when you need it most.
We update that ceiling for you: we prepare and correctly upload your financial statements under the SNC's criteria so your financial capacity reflects what your company can really take on, and you can bid for the amounts you qualify for. The price starts at $90 and is adjusted to your case. A lawyer reviews your situation and confirms with you before we start, no strings attached.
Legal framework and important notes
Ley de Contrataciones Públicas (Public Procurement Law)
- Financial capacity in the RNC, set by the SNC based on the financial statements, defines the maximum contract amount the company can bid for
- Letting it fall out of date leaves the company with a low ceiling
- Uploading financial statements follows the SNC's criteria, published in the Official Gazette (Gaceta Oficial) No. 42.134 of 05/25/2021
- Preparing financial statements and the SNC's fee are separate
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
Is your case different?Ask us, message us on WhatsApp or book a free consultation. A real person answers you.