Prequalification
Contractor prequalification definition. Learn the process of screening contractors based on safety, finance, and experience before bidding.
Calculation Formula
Score = (Safety Record + Financial Strength + Past Performance) Real Contractor Example
A large hospital system requires all GCs to submit 3 years of audited financials and their EMR safety rating before they can see the plans.
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.