Prequalification of bidders

Prequalification of bidders,

Definition of Prequalification of bidders:

  1. Screening of potential contractors, suppliers, or vendors (on the basis of factors such as experience, financial ability, managerial ability, reputation, work history, etc.) to develop a list of qualified bidders who will receive the invitation-to-bid (ITB) documents.

Meaning of Prequalification of bidders & Prequalification of bidders Definition