Ssuming a contractor has $100,000.00 in net current assets, net cash surrender value of life insurance of $25,000.00, a line of credit statement for $50,000.00 and $50,000.00 of unencumbered worth (book value) in highway type equipment with a service record which merits a factor of 8. His rating would be computed as follows: R = P (A+I+L+E) R = ($100,000.00 + $25,000.00 + $50,000.00 + $50,000.00) R = $1,800,000.00 (Amount of Certificate of Qualification) In all cases the actual computed amount o.
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How to fill out the WV Contractor's Prequalification Statement online
This guide provides step-by-step instructions for filling out the West Virginia Contractor's Prequalification Statement online. By following these steps, you can ensure that your application is completed accurately and efficiently, facilitating a smoother prequalification process.
Follow the steps to effectively complete the prequalification statement.
- Click ‘Get Form’ button to obtain the Contractor's Prequalification Statement.
- Fill in your organization's name, contact information, and type of ownership. Make sure to provide accurate details as these are crucial for identification.
- Indicate your status as a certified disadvantaged business enterprise if applicable. This helps in fulfilling requirements for equal employment programs.
- Provide the date as of which the statement reflects your business condition and the date of your fiscal year-end. Ensure that these dates are consistent throughout the document.
- Complete the Contractor’s Financial Statement section. Report your current and non-current assets and liabilities accurately. This information is critical for the financial assessment.
- Fill out the experience questionnaire detailing your construction experience. Include relevant projects, contract amounts, and completion details.
- Review the entire form for accuracy and completeness. Double-check all entries and ensure that all required sections are filled out.
- Once completed, you may save your changes, download, print, or share the form as required for your submission.
Submit your completed Contractor's Prequalification Statement quickly and easily online to streamline your bidding process.
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