Code of Massachusetts Regulations
700 CMR - DEPARTMENT OF TRANSPORTATION
Title 700 CMR 14.00 - Prequalification of Contractors and Subcontractors
Section 14.03 - Aggregate Bonding Capacity and Single Contract Limits for Contractors
Current through Register 1531, September 27, 2024
(1) Aggregate and Single Bonding Capacity. The Prequalification Committee shall verify the Contractor's Aggregate Bonding Capacity and Single Bonding Capacity, as is evidenced by a letter from the Surety's authorized representative in accordance with 700 CMR 14.02(8). Unlimited Aggregate Bonding Capacities shall not be allowed.
(2) Classes of Work. The Prequalification Committee may prequalify Contractors in one or more of the classes of work. The Classes of Work established by the Prequalification Committee, and the definitions of and/or the prequalification requirements of such Classes of Work, may be amended by the Prequalification Committee from time to time. The Prequalification Committee may also establish additional Classes of Work for specialized contracts. Contractors will be notified of such special Classes of Work in the Notice to Contractors, Advertisement for Bids, or Instructions to Proposers for the particular project, and may apply for Prequalification in such special Classes of Work in accordance with 700 CMR 14.02(9)
(3) Single Contract Limit. The Prequalification Committee may establish a Single Contract Limit for the Contractor in any Classes of Work for which the Contractor has been Prequalified. A Single Contract Limit may be established, if, in the opinion of the Prequalification Committee, the Contractor does not have adequate experience, responsibility, competency, or equipment necessary to undertake an individual contract valued at the Contractor's Single Bonding Capacity within that Class of Work. In establishing Single Contract Limits, the Prequalification Committee shall consider, but shall not be limited to considering, the Contractor's competency and responsibility, the amount and condition of its equipment, the experience of its principal or key personnel, its history of payment to subcontractors and material suppliers, and previous work experience.
(4) Duration of Prequalification Status. Prequalification certification shall remain in effect for a duration of time stipulated in the Prequalification Certificate with a maximum of 12 months as indicated in the Prequalification Certificate.