Contractor prequalification is a process that helps minimise the risk to client and contractor by considering, before a contractor is engaged:
What hazards/risks the contractor might find when working for a client
What hazards/risks they might bring associated with the work they will do
How the contractor and client will control these risks
The prequalification assessment of contractors can be done by a business in-house, but it can be prohibitively time and resource consuming. By utilising contractor prequalification software like Cm3, businesses are able to remove the requirement for them to resource this function themselves.