1. (a) The prequalification committee shall determine annually the capacity rating of a contractor.
2. (b) Capacity rating means the bidder’s maximum bonding aggregate, and shall be the largest amount, expressed in dollar volume, of work a contractor shall be judged capable of performing at any time, either as prime contractor or subcontractor, regardless of the location of the work and with whom it has contracted. The contractor shall be qualified by the prequalification committee to bid on a project based upon the contractor’s financial statement, contract value of work on hand and bonding limits, both single and aggregate. The capacity rating shall be subject to change during a year based upon updated information received by the prequalification committee or upon application from the contractor.

Source. #4175, eff 12-1-86; EXPIRED: 12-1-92 New. #5677, eff 7-29-93; ss by #7013, INTERIM, eff 6-20-99, EXPIRED: 10-18-99 New. #7176, eff 12-23-99; EXPIRED: 12-23-07 New. #9452, eff 4-8-09; ss by #12400, eff 10-4-17