Contractors Grapple with Increase in Pre-Qualification Requirements
For decades, contractors have used third-party pre-qualification services to provide performance data to owner-clients. In recent years, however, the demand from these services for more detailed information has skyrocketed. As a result, contractors are forced to spend more time and money complying with the new requirements. The situation has prompted many in the industry to call for a better and more efficient way to give customers the information they need — and groups such as TAUC are taking action. When pre-qualification services first launched in the mid-1990s, contractors were asked to report data on basic “bread-and-butter” topics such as risk and safety compliance. A handful of third-party providers collected and analyzed this data, then passed it on to owner-clients, who used it to decide which contractors would ultimately be hired for projects. But over the years, two things happened: