045-6 Wyo. Code R. § 3

Current through April 27, 2019
Section 3 - Prequalification

(a) All persons proposing to bid on any Wyoming Department of Transportation (WYDOT) construction project shall first submit a statement under oath, on a questionnaire furnished by the Department. Such statements shall fully indicate the applicant's financial ability, the adequacy of its plant and equipment, and its organization and past experience. The statements shall also include any pertinent information necessary to assess the applicant's status accurately.

(b) Applicants shall furnish, at the time of submitting for prequalification, satisfactory evidence of compliance with Wyoming Worker's Compensation Act (W.S. 27-14-101, et seq.) by providing a current certificate of good standing or, if from out of state, proof of a worker's compensation insurance policy.

(c) All financial statements shall be filed with WYDOT within 15 months of the end of the applicant's fiscal year and shall be submitted in one of the following ways:

  • (i) An unaudited financial statement, to include a review or compilation:

    The net worth from an unaudited financial statement, up to a maximum of $500,000, may be used for determining the prequalification rating. An unaudited financial statement shall include the opinion and signature of a reputable public accountant who is neither a member employee of the applicant's firm nor related to the owner or owners.

  • (ii) An audited financial statement:

    The net worth from an audited financial statement, regardless of amount, may also be used in determining the prequalification rating. The audited financial statement shall bear the signature of the certified public accountant (CPA) actually performing the financial audit and the CPA's opinion and CPA registration number.

(d) The Department shall use the name of the firm as it appears on the accountant's opinion for prequalification and bidding purposes. The applicant therefore needs to verify that the accountant shows the firm's name properly in the opinion.

045-6 Wyo. Code R. § 3