Give 4 factors use for prequalification of Contractors in a

Give 4 factors use for pre-qualification of Contractors in a closed competitive bidding process.

Solution

1. Previous work experience in the concerned type of work in terms of value of work in one year

2. Annual revenue of the firm or individual to assess financial capacity.

3. Availability of critical equipment with the contractor

4. Availability of human resources with the contractor

3.