1 Prequalification process Wasteful -or- Efficient? According to Dun & Bradstreet - from 1990 to...

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“Prequalification” process Wasteful -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. Prequalifica tion

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.

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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.

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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

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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

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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

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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