3. If the Applicant is a Project Venture (as described in Paragraph 4.4 of the Instructions to Applicants), is the estimated total amount of the contract for which prequalification is required herein of $_________ exceeded by either: (1) the product of ten (10) times the working capital (current assets) of the Principal Managing Partner; or (2) the product of four (4) times the net worth* (assets less liabilities) of the Principal Managing Partner? Yes No Not Applicable-Applicant is not a Project Joint Venture [Note: An answer to the preceding question that is not a joint “Applicant Project Joint Venture” shall not result in disqualification unless the answer to the preceding Question No. 2 is other than “Yes”.] * If the Applicant is submitting Supplemental Financial Resources in the form of a letter of credit, the amount of the letter credit be deemed an additional asset of the Applicant for purposes of determining the Applicant’s worth” and capital.” “net “working C. Statement of Financial Condition The following Statement of Financial Condition and Certificate of Accountant, or an independent accountant’s report, is required in order to verify that the Applicant has met the minimum financial requirements for prequalification.
3. If the Applicant is a Project Venture (as described in Paragraph 4.4 of the Instructions to Applicants), is the estimated total amount of the contract for which prequalification is required herein of $_________ exceeded by either: (1) the product of ten (10) times the working capital (current assets) of the Principal Managing Partner; or (2) the product of four (4) times the net worth* (assets less liabilities) of the Principal Managing Partner? Yes No Not Applicable-Applicant is not a Project Joint Venture [Note: An answer to the preceding question that “Applicant is not a joint Project Joint Venture” shall not result in disqualification unless the answer to the preceding Question No. 2 is other than “Yes”.] * If the Applicant is submitting Supplemental Financial Resources in the form of a letter of credit, the amount of the letter credit be deemed an additional asset of the Applicant for purposes of determining the Applicant’s “net worth” and “working capital.” C. Statement of Financial Condition The following Statement of Financial Condition and Certificate of Accountant, or an independent accountant’s report, is required in order to verify that the Applicant has met the minimum financial requirements for prequalification.