Section 247.32. Filing forms; statements; period of effect for prequalification; extension of filing time.

(1) The department is not required to consider a prequalification application unless it is submitted not less than 15 days before the date of bid submittal for a project on which the bidder desires to bid.

(2)   The prequalification application shall include a financial statement as of the close of the bidder's most recent fiscal year, except as noted in R 247.32(4). An interim financial statement will not be accepted.

(3)   An application for renewal of prequalification shall be submitted within 4 months after the close of the bidder's fiscal year, except as noted in R 247.32(4).

(4)      Subject to its modification or revocation as provided in these rules, prequalification shall be in effect for 16 months from the date of the fiscal year end reported by the bidder, and on which prequalification is based, for those bidders who have an overall  prequalification   rating  of  less  than $10,000,000.00.  For those bidders who have an overall financial rating greater than $10,000,000.00, prequalification shall be in effect for 28 months from the date of the fiscal year end reported by the bidder. Any significant changes must be reported in accordance with R 247.34(3).   If the circumstances are found by the department to warrant more frequent review of a bidder's qualifications, the department may require any bidder to request prequalification on a yearly basis.

(5)   A bidder may submit a written request for an extension of time to submit an application for renewal of prequalification. The  request  shall document the reason for the request. The request must be received on or before the bidder's expiration date. If approved, the extension shall not be for more than 60 days.

(6)   A statement reporting work on hand shall be submitted as required by R 247.43.

History: 1979 AC; 2002 AACS; 2009 AACS.