Section 247.43. Work allowed.

(1) A bidder desiring to bid on department projects shall submit to the department, on a department form, a statement reporting work on hand. The form shall be received in the department contract office in accordance with the schedule provided by the department. Bidders failing to submit the form with all required information, and as provided in these rules,  are not eligible to bid.

(2)   A bidder will not be permitted to bid on projects requiring a rating greater than its net financial rating.

(3)     To determine a bidder's net financial rating, the department may make deductions from the dollar amount of the bidder's work on hand, to account for work that is scheduled to be performed in future years. Based upon current, approved or verified progress schedules, the department may, at the request of the bidder, deduct up to 50% of the dollar amount of work to be performed in years subsequent to the year when the project to be bid is to commence.   The  department   is  not required to make the deductions and will exercise its judgment in the review of progress schedules to assure that  bidders  have  adequate  net  financial rating to bid and to perform the work.

History: 1979 AC; 2002 AACS; 2009 AACS.