How to Check the Contractor Stability

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

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

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.

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!

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

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