Menu

Hard hat construction workers surveying a building site in a city. Brentnalls Construction; Accounting and Advisory; Hindmarsh; Adelaide

Prequalification

What is prequalification?

Prequalification is a system that ensures only appropriately skilled and experienced businesses are permitted to submit tenders in certain categories of contract works.

Who requires prequalification?

Several organisations that provide work to the construction industry, including the Department of Planning, Transport and Infrastructure, require construction businesses to meet prequalification requirements. Once a business has successfully met prequalification assessments it can then tender for contract works and be considered for selection.

How long does prequalification apply for?

Prequalification is normally not for an indefinite period of time. Usually businesses are required to undertake the prequalification assessment in periodic intervals, i.e. 3 years. 

What metrics or information are assessed in prequalification?

Prequalification assessments review quantitative and qualitative information in relation to a business' operations, performance and position. 

Financial

  • Turnover
  • Working capital
  • Assets as a % of liabilities
  • Profitability as a % of turnover
  • Paid up share capital

Non-Financial

  • Business structure (usually company structure required)
  • Company management experience
  • Technical capacity and resources

How can Brentnalls Construction help?

Our construction team assists clients in understanding prequalification requirements and implementing strategies to ensure ongoing compliance. As construction business advisors, we are acutely aware of the importance of maintaining prequalification to ensure business sustainability and maintaining a healthy pipeline of work. Contact us for more information or to arrange an appointment.

If you would like to print this information please click here for PDF format.

Disclaimer
The information provided in this information sheet does not constitute advice. The information is of a general nature only and does not take into account your individual situation. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you contact Brentnalls SA before making any decision to discuss your particular requirements or circumstances.
 

Our Services

Our services go beyond compliance to find out more about your goals, your priorities and establish plans to grow and protect your future wealth. We will take the time to listen, ensuring we meet your goals, as well as guide you so you have a better understanding of the financial decisions being made. Our services include:

Accounting & Tax
Business Advisory
Wealth Creation & Preservation

Our People

Our Partners & Principals want to be part of your team that drives your future success, that provides you with solutions to your challengers. More importantly, who listens and knows exactly where you are going and what you want to achieve financially. 

"Helping you achieve your dreams, is our passion, and our strength is in our dedicated professional team."

 

News & Resources

Our priority is to ensure your kept up-to-date on trends, industry legislations, accounting and tax updates, business advisory information, superannuation and much, much, more. All of which, may have an impact on you and your business. Our resources provide additional supporting information in the following areas: 

Newsletters
Fact Sheets
Checklists
News Articles
COVID-19 - Information Sheets
COVID-19 - Brentnalls SA Response

Our Location

255 Port Road
HINDMARSH SA 5007

PO Box 338
Welland SA 5007 

View location map

P: (08) 8241 8444
F: (08) 8241 8488

E: [email protected]

Connect with us on Facebook. Connect with us on LinkedIn.