Section Tra 401.11 - Joint Qualification Rating(a) When 2 or more prequalified contractors wish to combine all or a portion of their assets for bidding on a project, they shall do so by filing with the department a jointly prepared request for proposal.(b) If a contractor applying for prequalification is organized into more than one legal entity, the contractor may obtain a larger capacity rating than would be available for the smaller of the 2 legal entities if: (1) The larger of the 2 legal entities supplies a written guarantee for the legal obligations of the smaller entity who is the prospective bidder;(2) The guarantee includes all assets and liabilities of the guarantor; and(3) The guarantee holds the guarantor and the prospective bidder responsible for the contract and actions of the prospective bidder on the contract.N.H. Admin. Code § Tra 401.11
#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
Amended by Volume XXXVII Number 41, Filed October 12, 2017, Proposed by #12400, Effective 10/4/2017, Expires 10/4/2027.