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Subcontractor Prequalification: Putting Your Best Foot Forward [White paper]

Wednesday, February 10, 2016
Subcontractor Prequalification: Putting Your Best Foot Forward [White paper]

As a subcontractor, you probably have an idea of what prequalification is, but do you know the different entities that can prequalify you?

Surprisingly, it’s more than just banks—surety companies, brokers, SDI providers, independent third-party providers, and general contractors themselves can all determine if you are prequalified.

You may think there are severe differences in how each entity determines if you’re prequalified. However, the basic tenants for prequalification go across the board and are generally followed by everyone.

Learn these basic tenants for prequalification and much more by reading our latest white paper, Subcontractor Prequalification: Putting Your Best Foot Forward, prepared by our Partners at Assurex Global. 

By reading this white paper, you will learn the three Cs of underwriting—character, capital, and capacity—along with 11 other tips for subcontractors wanting to put their best foot forward during the prequalification process. Some of these tips include:

  • Keep money in the company
  • Remain in good standing with the bank and have a standing line of credit
  • Be able to provide meaningful internal information
  • Maintain good safety ratings
Understanding the basics of prequalification and adhering to the advice above can help subcontractors gain business in the competitive construction industry.

Download a copy of Subcontractor Prequalification: Putting Your Best Foot Forward by completing the form below.

Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your legal or medical needs.

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