contractor prequalification notice - Orange Unified School District

C. Accountant's Release
Accountant's Release Letter will be required. The responsible accountant must verify the validity of
the applicant’s financial statement. Use the form included on Page 14.
D. Term of Financial Statements
A Contractor's financial information is valid until the date shown is more than one year old.
Statements will be held on file until the financial information is 18 months old. The District reserves
the right to reject statements in which the financial information is more than six months old. All
applicable portions of the form should be completed with schedules attached if the space provided
does not suffice.
PUBLIC WORKS REQUIREMENTS
Contractors must have successfully completed at least two public works projects in the State of
California within the past five (5) years. The public works rating will be determined by averaging the
two largest of these construction contracts and adding 33% for inflation.
For example - Project 1 contract value of $1,627,511 plus Project 2 contract value of $1,437,026
equals an average contract value of $1,532,269. Take this value multiply by 1.33 (allowing for a
growth factor) reaches the sum of $2,037,917. This figure is rounded to the nearest $100,000 for a
rating of $2,000,000. This process only obtains the Public Works Rating and does not necessarily set
the final rating.
INSURANCE
A minimum of $2,000,000 Combined Comprehensive Single Limit Liability Insurance for projects
where the engineer’s estimate is at least $1,000,000 or $1,000,000 Combined Comprehensive Single
Limit Liability for projects where the engineer’s estimate is less than $1,000,000 is required.
A Certificate of Insurance must be issued to Orange Unified School District which states levels and
dates of coverage.
BONDABILITY
The bonding surety is required to be an admitted surety in the State of California and on the United
States Treasury’s Listing of Approved Sureties .
The surety may be contacted to confirm willingness to bond to a particular limit. It is required that the
contractor include a letter of bondability from the surety indicating its support levels.
In the event that the contractor is unable to obtain a letter of bondability in the time prescribed by the
District, the Contractor may be suspended from the qualified contractors’ list and not be allowed to bid
on District projects until proof of bondability is provided.
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ORANGE UNIFIED SCHOOL DISTRICT
PREQUALIFICATION PACKAGE - Instructions
(Rev. 02/09/09)
Page iv