Pre-Qualifying Contractors

The pre-qualification of contractors allows you to decide the type of contractors you will invite to bid on your project. Soliciting a bid from a contractor unknown in the building community, or one whose qualifications you have not established in advance, is a waste of time for you and the contractor. The skill, quality, reputation and the specialty of a contractor must be determined before bids are solicited. Without a thorough pre-qualification process is will be impossible to tell if the prices quoted are meaningful.

Most states require contractors to be licensed and bonded, and in many states current records about contractors are on line. Checking references (especially recent ones), financial stability, previous and current work and reputation in the community are necessary steps in the pre-qualifications process.

How many bids should you solicit from pre-qualified contractors? 1-3 should be enough.