Ill. Admin. Code tit. 44 § 650.160

Current through Register Vol. 48, No. 49, December 6, 2024

Section 650.160 - Financial Rating - General

a) The financial rating serves two functions:

1) To measure the applicant's ability to sustain cash flow for the duration of an awarded contract and

2) To indicate the maximum amount of uncompleted work that the applicant may have under contract at any one time.

b) When computing an applicant's financial rating, the Department utilizes the financial statement submitted by the applicant as part of the application for prequalification.

Ill. Admin. Code tit. 44, § 650.160

Amended at 24 Ill. Reg. 18775, effective December 7, 2000