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Prequalification

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Definition Edit

Prequalification is

the process of screening potential bidders to ensure that they possess the necessary statutory or licensing requirements to be considered for solicitation and award or the process of verifying vendor qualifications to ensure the timely award of contracts.[1]

References Edit

  1. Michigan Dept. of Tech., Management & Budget, 8000 Glossary (Jan. 6, 1997) (full-text).

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