License( s)
Financials( Work-in-Progress, Current Net Working Capital, Balance Sheet, Statement of Income, Profit & Loss Statement)
Copy of Certification( s)
Current Certificate( s)
W-9
PREQUALIFICATION AS A VALUABLE MARKETING TOOL
primes for prequalification mirrors the data needed by surety companies for bonding. So if you are prequalified and already have that form filled out, you can use the same material during the bonding approval process.
Being prequalified also offers a competitive advantage by setting you apart from any competitors who are not prequalified; this can give you a notable edge in negotiations or bid evaluations, especially when the client is risk-averse or dealing with tight deadlines.
Once you are prequalified, you are often not required to resubmit the same documents for every project, which saves time and administrative effort for both you and the client.
So what’ s typically included in a prequalification package? Obviously, you want to include as much company information as possible, such as the legal business name and structure, the number of years in business, your office location and key personnel, and perhaps an organizational chart.
You’ ll also need to provide information on licensing and registrations, such as your contractor license, business licenses for city and state, and specialty trade certifications( LEED, DBE, MBE, etc.)
PREQUALIFICATION CHECKLIST
Copy of California Department of Industrial Relations( DIR) Public Works Registration
License( s)
Financials( Work-in-Progress, Current Net Working Capital, Balance Sheet, Statement of Income, Profit & Loss Statement)
Tax Returns
Year-End Financial Statements
Copy of Certification( s)
Current Certificate( s)
W-9
Line of Credit Letter from your Bank( if applicable)
Letter of Bondability
OSHA 300 and 300A, 3 years
Copy of your company’ s written Illness / Injury Prevention Plan. Plan must meet CAL-OSHA Manual, if applicable
Be prepared to have your financial statements in order, proof of insurance and bonding, your safety records, project experience, staffing and equipment, as well
Vision Statement / Contractor Profile / Line Card / Marketing Collateral
23- imwis. com