Prequalification software, also referred to as pre-qualification or qualification software, ensures the verification and validation of trades workers and subcontractors before hiring them onto a construction project. Before contractors can be hired onto a construction project, construction firms and project owners must be able to vet them. Prequalification software simplifies the process of reducing risk, improving vendor selection, and selecting the best-value bids. The bid management functionality of prequalification software is similar to project bid management software, but specifically to the creation, submission, and tracking of proposals of sub and general contractors.
To qualify for inclusion in the Prequalification category, a product must:
Create a repository to store contact information
Generate consistent qualification form templates that can be utilized by both hiring managers and prospective contractors
Store qualification data on a centralized, secure platform for easy future access