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(PM-3062) Pre-Qualifying Contractors for Today's Project Delivery Needs

Level: Intermediate
Venue: 2019 AACE International Conference & Expo, June 16-19, 2019, New Orleans, LA, USA

Abstract: Supply chain management, especially contracting, is vital in achieving success in project delivery. Therefore, to ensure the project's successful delivery, contractors and subcontractors must demonstrate their ability to provide the necessary experience, governance, execution, and control of their respective skillsets. To support this endeavor, the author has developed a robust contractor pre-qualification assessment methodology.

The contractor pre-qualification methodology can be used as a refined approach to determining the appropriate level of acceptance and tolerance required for the effective and efficient execution of contracts within a project. This methodology includes, in part:

• The development and implementation of a contractor pre-qualification work processes and tool, including expected contractual requirements and deliverables based on the contract and scope of work.
• A refined understanding of the maturity of the contractor's capabilities based on expected contractual requirements and deliverables via the pre-qualification tool. The pre-qualification tool would provide the users with a quantitative assessment of the contractor's ability to provide the necessary experience, governance, and control.

The use of a contractor pre-qualification process can be considered a leading indicator for assisting in the successful delivery of the project. Through the contractor pre-qualification process, the time invested in preparing, documenting, and communicating approved contractors to the organization will increase the success of the execution of the projects by reducing project delivery risk.