A prequalification letter is used to meet the initial Request for Qualification (RFQ) stage of the contract. It confirms that a contractor is “bondable,” so to speak. A prequalification document affirms to a project owner or developer that the contractor in question has a good relationship with their surety company.
At Ferrari & Associates, we focus on fostering long-lasting and trusting relationships with our clients. Having provided various bonds for many local contractors since our foundation in 2009, the team at Ferrari & Associates is fluent in prequalifying our contracting clients for bid bonds, performance bonds and maintenance bonds, helping them to leverage their next endeavour and further their business.
To find out how Ferrari & Associates can assist you in getting your project off the ground by providing you with the necessary prequalification documents, connect with us today at one of our two convenient locations — Vaughan or Oakville. One of our trusted insurance and surety experts will meet with you to discuss the meaning and importance of a prequalification bond, and coordinate with you to create one for your next endeavour.