How to Check the Contractor Stability

Forensic Claims Analysis
H
Hernando Pesca 👤 Member for 19 years 1 month
· Permalink

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

A
A D 👤 Member for 19 years
· Permalink

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

A
Andrew Pearce 👤 Member for 24 years 11 months
· Permalink

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!

K
Karim Mounir 👤 Member for 20 years 2 months
· Permalink

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.


S
Samuel Edo 👤 Member for 19 years
· Permalink

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

K
Karim Mounir 👤 Member for 20 years 2 months
· Permalink

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

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