Assessment Criteria Applications will be assessed against the following criteria. Refer to Appendix 2 for full details of the minimum criteria for each level. Technical Capability Technical capability includes: Company experience. Company resources and technical capability. Management systems. Management and supervisory capabilities. Quality control systems. Additional requirements under a specialist category. It is expected that resources nominated in an application are predominately “in house”. If subcontractor resources are nominated for core construction activities, the Applicant must provide clear evidence of an established and successful working relationship with the subcontractor. Financial capacity To be considered for prequalification and to maintain prequalification status, contractors must demonstrate strong business viability over both the short and long term. Applicants that demonstrate sufficient financial capacity to be prequalified will be assigned a financial ‘level’ and become eligible to tender for advertised contracts that nominate a financial level, providing the Applicant is prequalified in the advertised technical categories. A financial assessment will be undertaken on the entity seeking prequalification, which could be the subsidiary of a parent company. In some cases State Growth (at its own discretion) may allow the financial capacity of a parent company to be assessed when considering the financial capacity of the applicant. State Growth may also request a suitable undertaking from the parent entity, such as a Letter of Undertaking or Parent Company Guarantee. The parent company then becomes the guaranteeing entity. Any award of financial level based on or including an assessment of a parent company will be regarded as Conditional prequalification. In assessing financial capacity, inter-company arrangements including loans and current contractual commitments will be taken into account.
Assessment Criteria Applications will be assessed against the following criteria. Refer to Appendix 2 for full details of the minimum criteria for each level. Technical Capability Technical capability includes: Company experience. Company resources and technical capability. Management systems. Management and supervisory capabilities. Quality control systems. Additional requirements under a specialist category. It is expected that resources nominated in an application are predominately “in house”. If subcontractor resources are nominated for core construction activities, the Applicant must provide clear evidence of an established and successful working relationship with the subcontractor. Financial capacity To be considered for prequalification and to maintain prequalification status, contractors must demonstrate strong business viability over both the short and long term. Applicants that demonstrate sufficient financial capacity to be prequalified will be assigned a financial ‘level’ and become eligible to tender for advertised contracts that nominate a financial level, providing the Applicant is prequalified in the advertised technical categories. A financial assessment will be undertaken on the entity seeking prequalification, which could be the subsidiary of a parent company. In some cases State Growth (at its own discretion) may allow the financial capacity of a parent company to be assessed when considering the financial capacity of the applicant. State Growth may also request a suitable undertaking from the parent entity, such as a Letter of Undertaking or Parent Company Guarantee. The parent company then becomes the guaranteeing entity. Any award of financial level based on or including an assessment of a parent company will be regarded as Conditional prequalification. In assessing financial capacity, inter-company arrangements including loans and current contractual commitments will be taken into account.