Rule 672-5-.07 - Determination of Maximum Capacity Rating for Contractors(1) Each Prospective Contractor shall state the Maximum Capacity Rating desired. Each Prospective Contractor will be rated in accordance with its financial ability, adequacy of plant and equipment, organization, prior experience, record of construction and any other pertinent, relevant and material facts. The Prospective Contractor will be assigned a Maximum Capacity Rating which will designate the quantity of work upon which it will be eligible to bid. The Prequalification Committee will give notice of such rating by electronic mail using the address provided in the application within thirty (30) days after receipt of such fully executed Application for Qualification. The determination of the Maximum Capacity Rating will be made subject to the rules set forth herein and Department policy.(2) The Maximum Capacity Rating will be a flat sum determined by the following formula: Q = F [C + 60% (DA)]
Q = Maximum Capacity Rating
F = Ability or Multiplying Factor
C = Current Assets less current liabilities; plus plant and equipment used for road and bridge construction only
DA = Net Deferred Assets [(Property and plant and equipment not used for road and bridge construction only plus all non-current assets) - any deferred liabilities or non-current liabilities (maturing beyond one year)]. Net Deferred Assets will equal zero (0), if the calculated value is less than or equal to zero (0).
Ga. Comp. R. & Regs. R. 672-5-.07
O.C.G.A. §§ 32-2-2, 32-2-66, 50-13-4.
Original Rule entitled "Determination of Classification and Maximum Capacity Rating" adopted. F. Aug. 9, 1973; eff. Aug. 29, 1973.Amended: ER 672-5-0.4-.07 entitled "Determination of Maximum Capacity Rating" adopted. F. and eff. May 30, 1978, the date of adoption.Amended: Permanent Rule adopted. F. Sept. 6, 1978; eff. Sept. 26, 1978.Repealed: New Rule, same title adopted. F. Oct. 23, 2000; eff. Nov. 12, 2000.Amended: F. Nov. 20, 2006; eff. Dec. 10, 2006.Amended: New title "Determination of Maximum Capacity Rating for Contractors." F. May 1, 2018; eff. May 21, 2018.