APPLICATION for PREQUALIFICATION CSD 090 REV 2017 12 11-2025

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What Is Pre-Qualification? The term pre-qualification refers to an estimate for credit given by a lender based on information provided by a borrower. Pre-qualifications are conditional and involve the lender reviewing a borrowers creditworthiness before granting a pre-approval.
Pre-qualification helps to identify qualified bidders who have the necessary skills, experience, and resources to complete the project successfully. This helps to ensure that the final contract is awarded to a contractor who can deliver high-quality work and meet the projects requirements.
The prequalification process typically involves collecting information about a subcontractors financial health, safety record, and project experience. A rigorous prequalification process can help general contractors minimize project delays, decrease cost overruns, and mitigate safety risks.
The overall purpose of the prequalification process is to ensure there is a reasonable prospect that each bidder who participates in a tender or RFP will have the demonstrated ability (i.e., expertise, capitalization and resources) to perform the final contract is in a satisfactory manner.
A pre-qualification is an estimate for credit given by a lender based on information provided by a borrower. Pre-qualifications are conditional and involve the lender reviewing a borrowers creditworthiness before granting a pre-approval.
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