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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Presentation transcript:

1 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. Prequalification

2 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

3 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

4 Business Impact Decrease costs of document distribution Minimize errors associated with out-of-date documents Eliminate gaps in bid coverage Increase efficiency and expedite responses Reduce legal claims by maintaining a complete document access log Reduce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

5 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