Prequalification makes the contract process more transparent and just. The data available for prequalification gives a clearer picture of all interested bidder about their potentials, abilities, past experience and financial strength. These factors are judged on the basis of the data provided by the company itself, so there is no room for any rivalry or conspiracy from third party. All suppliers and contractors avail equal opportunity to apply hence giving chance to every entity to showcase their abilities.
This process already eliminates non-performable candidates from bidding against a tender notice. This saves much time of project management organization to select a worthy contractor or supplier for their project. The outcome of prequalification is the list of those companies who have ability to deliver the required project. Only these companies are then invited to bid for the project.
Skillfulness and Professionalism
Project management organizations that are known to carry out an intensive prequalification process are more likely to build professionalism and skillfulness in the market. Clients consider such project management companies more reliable to deal with their projects in an efficient and professional manner. Professional environment is necessary to pace up the growth and familiarity of an organization to ensure client repeatability. Both contractor and client feel pride once gone through the prequalification process. The contractor tries to maintain its image of being able to deliver the requirements of the client. And client is satisfied that the contractor has got all the required abilities to complete this project with quality and timeliness.