Prequalification services to meet your loss control objectives.
We know how cumbersome the process of gathering meaningful prequalification data is, so we designed and built a system that streamlines every aspect of the prequalification process!
PreQual is Vertikal’s comprehensive software and service solution for collecting information from subcontractors and vendors to identify inherent risks, determine performance capabilities and assess their ability to meet contractual commitments.
Our process provides transparency by identifying and reporting risk indicators and exposures that you may face during onboarding and over the lifespan of the relationship. The PreQual review and analysis report is an essential tool for making informed business decisions.
PreQual complements your overall risk mitigation plan for minimizing defaults and reducing losses due to subcontractor underperformance.
Full-Service Prequalification
The full-service version of PreQual is ideal for organizations seeking a comprehensive, flexible solution for requesting, collecting, reviewing, and evaluating subcontractor financial data and other qualification information.
The true value of PreQual comes from combining our industry-leading technology platform with of our financial analysts and support staff. Our goal is to make the prequalification process as simple and pain-free as possible for all parties involved.
Self-Service Prequalification
The self-service version of PreQual is designed for organizations that prefer to self-manage the collection, review, and evaluation process for prequalification questionnaires. Clients use Vertikal’s web-based platform to handle all aspects of the prequalification process in-house.
PreQual is a highly configurable software product, allowing self-service clients to customize questionnaire content and follow-up workflows according to their specifications.
For More Information:
Vertikal/PreQual Features
Expertise in construction industry risk management, providing insights into potential additional risks beyond standard ratio reporting.
An easy-to-use system that reduces turnaround times in the submission process.
Independent, objective assessment of subcontractor financial health and stability for informed decision-making.
Financial analysis performed by Vertikal’s experienced in-house financial analysts.
Data integration capabilities for transferring information between PreQual and clients’ in-house systems.
A client success team available to assist vendors in accurately completing and submitting responses.
Fully customizable forms.
Customizable financial rating model.
Benefits:
Simplicity:
Vertikal’s support team excels at guiding subcontractors through the prequalification process and answering questions clearly, resulting in high completion rates and satisfaction.
Timeliness:
The user-friendly system and submission process lead to decreased turnaround times.
Cost Effectiveness:
Efficiencies gained through our system technology and economies of scale allow us to provide high-quality service at an attractive price.
COI Management