2 Colo. Code Regs. § 601-10-2.04

Current through Register Vol. 47, No. 11, June 10, 2024

Section 2 CCR 601-10-2.04 - Criteria for Granting and Determining Prequalification

2.04.1 CDOT may prequalify a Contractor to Bid on a particular Public Project or on an annual basis to Bid on Public Projects of a particular size, or kind, or both, based on an evaluation of the following criteria:

(a) Whether the Contractor owns equipment available to accomplish the type of Work on which it intends to Bid;

(b) Whether the Contractor has trained personnel available to perform the type of Work on which it intends to Bid;

(c) Whether the Contractor has an organization and technical staff with the size, training, experience and capability to accomplish the type of Work on which it intends to Bid;

(d) Whether the Contractor has the financial capability to perform the type and size of Work on which it intends to Bid. A Contractor's financial statements demonstrating ratios in the following ranges will be presumptively considered adequate;

(1) Total Current Assets to Total Current Liabilities of greater than 1.0;

(2) Cash and Accounts Receivable to Total Current Liabilities of greater than 1.0;

(3) Net Fixed Assets to Net Worth of less than 2.3; and

(4) Total Liabilities to Net Worth of less than 4.0.

If a Contractor does not meet these ratios, the CDOT Contracts and Market Analysis Branch Manager or designee may consider other factors concerning the financial capability of the Contractor, including but not limited to irrevocable lines of credit, and parent company guarantees; officer loans to the Contractor, or recently signed and dated letter from a bond company in which the Contractor's single project Bid capacity is stated. Such letter from a bonding company cannot be more than two months old upon receipt by CDOT.

(e) Whether the Contractor has demonstrated experience in the type of Work on which it intends to Bid;

(f) Whether the Contractor has demonstrated performance on past CDOT contracts including, but not limited to, compliance with all contract terms and specifications, satisfactory quality of workmanship, and consistent on-time performance.

(g) Whether the Contractor is in any jurisdiction under notice of debarment, or debarred, or subject to Debarment under Chapter Three of the rules;

(h) Whether the Contractor has made false or deceptive statements in the application for Prequalification or any other information submitted to CDOT that includes but is not limited to claims or contractual requirements; and

(i) Whether the Contractor meets any of the criteria for Revocation of Prequalification under Section 2.07;

(j) Prospective Contractors or Subcontractors may be required to be Prequalified to perform certain types of construction. Such Prequalification will be determined by a panel of subject matter experts and must be renewed yearly;

(k) In the case of a Special Prequalification for a particular project, any additional criteria which CDOT Contracts and Market Analysis Branch Manager, or their delegee, deems necessary considering the particular project.

2 CCR 601-10-2.04

41 CR 17, September 10, 2018, effective 9/30/2018