Bidder Prequalification
/ˈbɪdər priːˌkwɒlɪfɪˈkeɪʃən/
Definitions
- (n.) A process by which potential bidders are evaluated and approved as qualified to participate in a procurement or tender.
The project required bidder prequalification to ensure only capable firms submitted proposals.
Forms
- bidder prequalification
- bidder prequalifications
Related terms
See also
Commentary
Bidder prequalification is typically used to streamline procurement by filtering out unqualified candidates early; drafting clarity is crucial to specify criteria and process.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.