Subcontractor Prequalification

With full legal name, signed and dated within the past year.

Does not need to be issued to DPR, but must be current (not expired). We need proof of insurance for the prequal process.

If your company has ten (10) or less employees, provide the number of employees and the total hours worked each year. Regardless of your company size, the OSHA 300A form is required if recordable incidents have occurred.

NCCl comparable form or letter from worker’s comp carrier.

Dated within the last 30 days, stating your single project bonding capacity, aggregate bonding capacity, and amount available.

Third party prepared financial statements (audit, review, or compilation) from your last fiscal year end that include dated letter from CPA firm, balance sheet, and income statement. Also, an internal balance sheet and income statement for most recent month end. Both are required if prequalifying.

ALTERNATIVE WAYS TO SUBMIT FINANCIAL STATEMENTS:

If you have reservations about submitting financials, we provide other options which can be set up directly with our Prequal department at [email protected].

1. A Non-Disclosure Agreement can be signed by DPR.

2. In lieu of third party financials, we will accept a CPA prepared federal tax return accompanied by an internally prepared balance sheet and income statement for the same period. Only forms 1120, 1120S, and 1065 are accepted (just send the first 5-6 pages that include schedules L and M-1). In addition to tax returns, please include the year end internal balance sheet and profit and loss sheet.

We are requesting this additional information to better analyze the current financial health of our valued trade partners.

1. WIP schedule with totals (a.k.a. “contracts in progress” schedule showing contract value and amount remaining to be billed; it is acceptable to redact project name, GC name, and columns pertaining to cost and profit)

2. Accounts Receivable Aging Summary (we will accept either the entire schedule or just the final page that shows the totals per category---current, 1-30, 31-60, 61-90, retention)

3. Line of Credit bank statement (dated within the last 30 days) that includes name of bank, total amount of line, and current amount accessed against the line