Florida Administrative Code › 14 - DEPARTMENT OF TRANSPORTATION › 14 - Departmental › Chapter 14-22 - CONTRACTORS - HIGHWAY - QUALIFICATION TO BID › Section 14-22.005 - Period of Validity of Qualification

Current through Reg. 50, No. 138; July 16, 2024
(1) The
				applicant's period of qualification shall be 18 months from the applicant's
				fiscal year ending date included in the application. For good cause, the
				Department shall approve a period of qualification less than 18 months. Good
				cause shall mean as set forth in Rule
				14-22.012, F.A.C. The
				Certificate of Qualification shall expire on the expiration date of the
				certificate, regardless of whether an administrative hearing has been requested
				concerning the Department's action on the application. Submission of an
				application shall not affect the expiration of the Certificate of
				Qualification. Issuance of a new Certificate of Qualification will determine
				the new Ability Factor and Maximum Capacity Rating that is effective on the
				date of issuance and supersedes the current Certificate of
				Qualification.
(2) Qualified
				applicants in good standing will be notified of the impending deadline date for
				submittal of their application at least 45 days prior to that date. Failure of
				notification shall not affect the deadline date for submittal of
				applications.
(3) Qualified
				applicants shall submit a new application with financial statements as required
				by subsection 14-22.002(2),
				F.A.C., within four months from the date a change of ownership or incorporation
				of a non-incorporated firm occurs. A new application shall also be required
				whenever the Department has reason to believe that the position of a qualified
				applicant is less favorable than at the time of its last application, or that a
				subsequent, material event has occurred which adversely affects the financial
				position of the applicant.
(4) A
				qualified applicant need not submit a new application solely based on a change
				in the officers or name of a corporation, but such information shall be
				certified to the Department within 10 days of the event.
(5) A qualified applicant shall notify the
				Department, in writing, within 10 days of the decrease in its available surety
				performance bond credit amount.
(6)
				A Certificate of Qualification shall not be issued to an applicant or affiliate
				that is insolvent.
(7) A qualified
				applicant or affiliate shall notify the Contracts Administration Office in
				writing upon the filing of a bankruptcy petition. The notice must be received
				by the Contracts Administration Office within 10 days of the initial
				filing.
(8) A qualified applicant,
				upon written request from the Department (stating the reasons for this
				request), shall submit updated or other additional financial information
				necessary for the Department to verify financial adequacy during the period of
				validity of qualification.
Rulemaking Authority
					 334.044(2),
					 337.14(1) FS.
					 Law Implemented 337.11,
					 337.14,
					 337.164
					 FS.
(Formerly Chapter 14-8), New 7-1-67, 8-20-68, 5-9-70,
					 1-6-72, 9-24-75, Formerly 14-22.01(7), Amended 3-23-79, 11-10-82, 8-25-83,
					 10-1-85, Formerly 14-22.05, Amended 12-20-89, 1-4-94, 6-27-04, 5-15-06,
					 10-10-10, 4-13-14.