Why Is Prequalification of Bidders Important?
Benefits to Prequalification Proponents of Prequalification Say That It's Easier to Eliminate the Bidders Who Are Not Responsible Before You Start the Bidding...
What is the purpose of prequalification?
4 Prequalification - A process of evaluating and determining whether potential bidders have the skill, judgment, integrity, sufficient financial resources, and ability necessary to the faithful performance of a contract for construction or repair work.
What are the advantages of pre qualification in procurement?
The main objectives of carrying out prequalification procurement are to remove potential bidders that are not capable of meeting contract requirements; short list those that meet basic requirements for the bid and remove unsuitable bidders on legal basis.
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