pre-qualification definition

pre-qualification means the first stage of the Bidding Process involving the submission, opening and evaluation of the Qualification Documents submitted by the Prospective Bidders.
pre-qualification means a screening process designed to ensure that invitations to bid are confined to capable providers;
pre-qualification means a procedure for demonstrating qualification as a pre-condition for being invited to tender;

More Definitions of pre-qualification

pre-qualification means the procedure set out to identify, prior to inviting bids, the bidders that are qualified;
pre-qualification means the process by which the tenderers are first screened for their capability and resources to implement the contract before they are permitted to offer their tenders;
pre-qualification means that Commission staff will conduct a review and approve an applicant’s overall capabilities to perform the duties and responsibilities required by the grant program. The review may include, but is not limited to, consideration of the following: experience, curriculum vitae, quality and timeliness of past performance, compliance with scientific standards, and professional accreditation of the applicant.
pre-qualification means the procedure to identify and shortlist tenderers that are qualified, prior to invitation for tenders;
pre-qualification means the review and scoring of qualifications of potential Bidders in which such factors as financial capability, reputation, and management are considered in order to develop a list of qualified firms who may then be allowed to submit a Bid.
pre-qualification means a formal procedure whereby suppliers, contractors or consultants are invited to submit details of their resources, and capabilities which are screened prior to invitation to tender on the basis of meeting the minimum criteria on experience, resources, capacity and financial standing;
pre-qualification means the procedure to identify, prior to solicitation, suppliers or contractors who are qualified;