The process of identifying and evaluating contractors for a bid list is called ????
A) Prequalification
B) Forecasting
C) Fast tracking
D) None of the above

Question

Quizplus · Accepted Answer

Prequalification is the process where the capabilities, resources, and financial status of contractors are evaluated before they are added to a bid list. This ensures that only capable and reliable contractors are considered for a project.

The Process of Identifying and Evaluating Contractors for a Bid