Washington Administrative Code › Title 468 - Transportation, Department of (See Title 88) › Chapter 468-310 - Prequalification of ferry system contractors › Section 468-310-050 - Classification and capacity rating

Current through Register Vol. 24-14, July 15, 2024
(1)
			 Except as otherwise specified in this section, each contractor seeking
			 prequalification under these rules will be classified for one or more of the
			 classes of work listed in subsection (6)(a) of this section and will be given a
			 maximum capacity rating in accordance with its financial ability, the adequacy
			 of its equipment and plant facilities to perform the class or classes of work
			 for which it has sought prequalification, the extent of the contractor's
			 experience in performing contracts of the class or classes for which
			 prequalification is sought, and the adequacy of the experience and capability
			 of the contractor's officers and key employees in performing contracts of the
			 class or classes for which prequalification is sought. The maximum capacity
			 rating will limit the quantity of uncompleted work which the contractor shall
			 have under contract at any one time either as a prime contractor or a
			 subcontractor.
(2) Except as
			 provided in subsections (7) through (9) of this section, the maximum capacity
			 rating for a contractor applying for a rating in excess of fifty thousand
			 dollars will be ten times the contractor's net worth as set forth in the
			 standard prequalification questionnaire and financial statement. A properly
			 executed letter of credit from an acceptable financial institution may be
			 considered as an asset increasing the contractor's maximum capacity rating by
			 the amount of the credit, but without the use of a multiplier. The maximum
			 capacity rating for a contractor not submitting an audited financial statement
			 as provided in WAC
			 468-310-020(6)
			 will be ten million dollars: Provided, That in all cases the contractor's
			 maximum capacity rating may be reduced to an amount considered by the
			 department to be within the contractor's actual capacity based upon its
			 organization, personnel, equipment and plant, and experience.
(3) Consideration will be given to raising,
			 by an amount not to exceed fifty percent, the maximum capacity rating of a
			 contractor who qualifies with respect to actual capacity based upon
			 organization, personnel, equipment and plant facilities, and experience, upon
			 receipt of evidence of a current bonding capacity of such additional amount
			 with a corporate surety. Such evidence shall be in the form of a letter of
			 commitment executed by an officer of the surety who is authorized to bind the
			 surety. Notwithstanding the provisions of this subsection, the maximum capacity
			 rating for a contractor not submitting an audited financial statement as
			 provided in WAC
			 468-310-020(6)
			 will be ten million dollars.
(4)
			 The certificate of prequalification issued by the department will establish a
			 contractor's maximum capacity rating which will be subject to reduction by the
			 total value of its current uncompleted work regardless of its location and with
			 whom it may be contracted to determine the contractor's bidding capacity at the
			 particular time.
(5)
			 Notwithstanding the provisions of this section, a contractor will be allowed to
			 submit a bid for an amount up to $50,000 on a class or classes of work for
			 which it is prequalified without regard to any financial maximum capacity
			 rating or financial current capacity rating: Provided, That the contractor's
			 current capacity may be reduced to an amount considered by the department to be
			 within the contractor's actual capacity based upon its organization, personnel,
			 equipment and plant facilities, and experience.
(6)
(a)
			 Construction, repair and maintenance work on ferry vessels for which
			 prequalification certification under these rules may be granted are classified
			 as follows:
Class 81
Vessel construction and renovation;
Class 82
Dry-docking and hull repairs;
Class 83
Vessel metal fabrication repairs;
Class 84
Vessel electrical repairs;
Class 85
Vessel miscellaneous repairs;
(b) A
			 contractor currently prequalified under
			 RCW
			  47.28.070 to perform those classes of work
			 required in the construction, improvement and repair of ferry terminal
			 facilities will initially be deemed prequalified under these rules to perform
			 such classes of work with the same capacity rating as approved by the
			 department for highway related work.