1 Prequalification process Wasteful -or- Efficient? According to Dun & Bradstreet - from 1990 to...
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Transcript of 1 Prequalification process Wasteful -or- Efficient? According to Dun & Bradstreet - from 1990 to...
![Page 1: 1 Prequalification process Wasteful -or- Efficient? According to Dun & Bradstreet - from 1990 to 1998 there were approximately 91,000 contractor failures.](https://reader038.fdocuments.in/reader038/viewer/2022102923/55165cee550346c6758b5e33/html5/thumbnails/1.jpg)
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“Prequalification” processWasteful -or- Efficient?
According to Dun & Bradstreet - from 1990 to 1998 there were approximately 91,000 contractor failures in the United States, leaving almost $23 billion in outstanding liabilities.
The Pre-Construction and Bidding Phase - of a construction project are where great challenges begin. Finding Bidders, distributing the documents, getting the pricing together to win the job!
A disconnected system - allows for irreparable errors trickling down to every phase of construction.
Prequalification
![Page 2: 1 Prequalification process Wasteful -or- Efficient? According to Dun & Bradstreet - from 1990 to 1998 there were approximately 91,000 contractor failures.](https://reader038.fdocuments.in/reader038/viewer/2022102923/55165cee550346c6758b5e33/html5/thumbnails/2.jpg)
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Opportunity /Prequalification”
Services
McGraw-Hill Construction Network to “Find” project opportunities
Seamless connectivity to PDM Pro to automatically transfer data
PDM Pro “Prequalification” document management to create “self-administered” records of information to use throughout current & future project lifecycles
“Find & Qualify”One Connected Source
![Page 3: 1 Prequalification process Wasteful -or- Efficient? According to Dun & Bradstreet - from 1990 to 1998 there were approximately 91,000 contractor failures.](https://reader038.fdocuments.in/reader038/viewer/2022102923/55165cee550346c6758b5e33/html5/thumbnails/3.jpg)
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Web based tools allow sub-contractors to enter, manage and send their own prequalification data electronically
Ability to review, comment and rate prequalification content
Capture all critical “pre-qual” data points including: – Project references– Risk management– Minority Business creds– Safety– BIM/LEED experience
“Opportunity / Prequalification”Services
![Page 4: 1 Prequalification process Wasteful -or- Efficient? According to Dun & Bradstreet - from 1990 to 1998 there were approximately 91,000 contractor failures.](https://reader038.fdocuments.in/reader038/viewer/2022102923/55165cee550346c6758b5e33/html5/thumbnails/4.jpg)
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Business Impact Decrease costs of document distribution
Minimize errors associated with out-of-date documents
Eliminate gaps in bid coverage
Increase efficiency and expedite responses
Reduce legal claims by maintaining a complete document access log
Reduce liability insurance Save time and money during Bid Process
“Opportunity / Prequalification”Services
![Page 5: 1 Prequalification process Wasteful -or- Efficient? According to Dun & Bradstreet - from 1990 to 1998 there were approximately 91,000 contractor failures.](https://reader038.fdocuments.in/reader038/viewer/2022102923/55165cee550346c6758b5e33/html5/thumbnails/5.jpg)
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Grow your lists of qualified bidders efficiently to prepare for “Low Bid” requirements
Reduce risk by choosing the right / qualified firm for the job
Simplify the process through one, seamless platform that finds opportunities and companies, and manages pre-qualified bidders for present and future projects
Prequalification
Qualified
“Opportunity / Prequalification”Services