FAQs about PreQual by Vertikal RMS
PreQual by Vertikal RMS stands out through platform independence, confidentiality protection, and expert support. PreQual by Vertikal RMS works with any enterprise system or insurance carrier program without forcing you into proprietary ecosystems. Your subcontractor information stays confidential and never gets shared with other clients or outside parties. Vertikal RMS experts guide subcontractors through submissions while your dedicated Client Success Team provides ongoing support.
PreQual by Vertikal RMS completes contractor evaluations within two business days once all required files and adequate financial statements are received. This speed comes from experienced in-house financial analysts who review submissions efficiently without sacrificing quality.
PreQual integrates directly with CertFocus by Vertikal RMS to combine subcontractor prequalification with COI tracking. This integration gives you complete vendor risk assessment in one platform instead of juggling separate systems. You also get bundle pricing discounts when using both services.
Yes, you can establish a unique, customized prequalification questionnaire for your company. Clients can change questionnaire content at any time with no limit or cost for modifications.
Yes, the Vertikal RMS team establishes customized scorecard criteria during implementation that reflect your specific risk tolerance level. You can also adjust tiering criteria whenever your requirements change.
Yes, clients have the ability to make adjustments to their tiering criteria.
Vertikal RMS’s experienced in-house financial analysts perform all financial statement reviews. Flex-service clients can choose to perform their own reviews or rely on Vertikal RMS expertise.
Yes, clients can make changes at any time and there is no limit or cost.
Once all the required files, including adequate financial statements, are received, a prequalification is completed within two business days.
Subcontractors can contact Vertikal RMS with any questions about the prequalification process by email, phone, or live chat.
Yes, PreQual by Vertikal RMS supports vendor pay models that allow you to transfer prequalification costs to subcontractors.
Yes, you get pricing discounts when using both PreQual and CertFocus together. The integrated approach also reduces total vendor management costs by eliminating duplicate systems and data entry.
PreQual by Vertikal RMS verifies comprehensive insurance compliance including subcontractor insurance requirements, coverage limits, policy endorsements, and EMR ratings for safety performance. Integration with CertFocus by Vertikal RMS tracks certificates of insurance and renewal dates automatically.
Subcontractors can contact Vertikal RMS with questions about the prequalification process by email, phone, or live chat. The support team guides them through submissions to make the process smooth.
PreQual pricing depends on your service model and volume. Contractor-paid models typically cost less than managing prequalification in-house when you factor in staff time and errors. Compare prequalification software costs to see pricing across different platforms and service levels.
PreQual by Vertikal RMS combines ease of use with expert analysis so you don’t need financial expertise in-house. The platform handles complex financial reviews while providing simple dashboards and reports you can actually understand. Customizable workflows adapt to how you work instead of forcing you into rigid processes.