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How to Check the Contractor Stability

6 replies [Last post]
Mon, 2007-05-21 01:44
Samuel Edo
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Joined: 17 May 2007
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Hi,

I was asked to make a shortlist of Pre-qualified Contractors to limit our tender invitees list, so I was aked also to set a carteria of selection for those pre-qualified contractors.

I set so items including the machinary, number of labour, expected jobs, jobs in hand..etc.

Please, if you have any other suggestions, I will appreciate your help, also, I wish to ask about, How to check Contractors financial stability.

Thanks
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Replies

Fri, 2007-05-25 15:19
#1
Hernando Pesca
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Joined: 23 Apr 2007
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Sam,

I suggest,in addition to what have been posted, you visit their similar projects (completed & in-progress) and talk to their client. From that you have the feeling who the contractor is.

Hernan
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Mon, 2007-05-21 03:39
#2
A D
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Joined: 20 May 2007
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In one of my previous firms, we use to evaluate our contractors on the basis of grade points. We have developed a questionnaire of 20 questions related with our projects and we used to scale them between 1 to 4 points.

Then depending upon the weigtage, we use to multiply the imporant questions like experience, available resources, client list, etc. with 3 0r 4 and for the least important questions multiply by 1.

Thats a 100 mark gradation system.

Thats how all the above points like financial stability, experience, resources and other points were considered.

Thanx

Raviraj
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Mon, 2007-05-21 03:36
#3
Andrew Pearce
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I think I would ask why you were asked to do this in the first place!
You are supposed to be a Planner not a procurement expert, assist in the process yes, but not lead it!
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Mon, 2007-05-21 02:51
#4
Karim Mounir
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Hi Samuel,

As far as i know there is no standard for this evaluation, each employer has his own standards.
U can make a comparison sheet that u can submit to the management in order to aid them deciding.

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Mon, 2007-05-21 02:21
#5
Samuel Edo
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Joined: 17 May 2007
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Thanks karim,

I was facing also a small problem, which is after setting all the criteria items including your valuable suggestions, How to weigh such items, I mean, I believe there should some marks depending on how important this item is, like for example 15% for carrying out similar projects, 10% for possession of equipments, and so on.

How to evaluate each of those items, s there any standards for such evaluation?

Thanks
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Mon, 2007-05-21 02:15
#6
Karim Mounir
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Joined: 5 Apr 2006
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Some documents which u can ask from the contractors in addition to your list in the tender can be as follows:

1- Financial Situation: the contractor should list his total assets and liabilities for previous years.
2- Summary of current contract commitments: the contractor should list the value of the outstanding works in addition to the forecast completion dates.
3- Construction Experience: the contractor should list the name s and total values of his previous construction experience.

HTH

Regards,
Karim
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