PREQUALIFICATION AS A VALUABLE MARKETING TOOL
` Determine if you will need working capital to support your projects
` Assess if you will need a loan to purchase equipment
Many primes allow contractors to fill out prequalification forms online. Below are prequalification application links for the following companies:
Turner Construction Swinerton Clark Construction Webcor
Remember, the end goal of a prequalification process is to ensure that accurate information is compiled and evaluated in a way which allows those responsible for selecting subcontractors to make sound business decisions regarding which contractors to use on any given project. as your legal history.
Some additional thoughts to keep in mind while prequalifying:
` Be able to explain the background and history of your business
` Communicate the financial position of your company
` Identify what specific types and sizes of projects best fit your company
` Note if you are capable of bonding or need help in this area
` Consider your financial needs
Merriwether & Williams, a HUB International Company, can help walk you through the prequalification process. We can also help you with obtaining or increasing bonding capacity, contractor development, third-party funds administration, and more. Contact us at ctap @ imwis. com or( 510) 740-6922.
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