Highwire

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Highwire's Prequalification solution is a comprehensive platform designed to help general contractors assess and mitigate risks associated with subcontractor selection. By evaluating factors such as financial viability, project capabilities, safety performance, and past project experience, Highwire enables contractors to make informed decisions, ensuring projects are completed safely, on time, and within budget. Key Features and Functionality: - Financial Analysis: Assess subcontractors' financial health to prevent costly defaults and project delays. - Project Capabilities: Verify subcontractors' experience and capacity to ensure they can meet project requirements. - Safety Performance History: Evaluate past safety records and compliance to promote a safe working environment. - Diversity Classifications: Identify subcontractors with specific diversity classifications to meet project or organizational goals. - Insurance and Surety Bond Tracking: Ensure subcontractors maintain appropriate insurance coverage and bonding to mitigate potential risks. - Litigation and Default History: Review subcontractors' legal and default histories to identify potential red flags. - Client and Supplier References: Gather feedback from previous clients and suppliers to assess subcontractors' reliability and performance. Primary Value and Problem Solved: Highwire's Prequalification solution addresses the challenges of traditional subcontractor prequalification processes, which are often cumbersome and time-consuming. By streamlining the assessment process and providing a comprehensive view of each subcontractor's strengths and weaknesses, Highwire enables general contractors to: - Avoid costly defaults and project delays by ensuring subcontractors are financially viable and capable. - Improve safety outcomes by selecting subcontractors with strong safety performance histories. - Save time and resources through an efficient and effective prequalification process. - Gain confidence in subcontractor selection with expert, third-party validation and quality assurance. By moving beyond traditional "yes" or "no" screening methods, Highwire fosters collaboration between general contractors and subcontractors, promoting continuous engagement and improvement to deliver successful projects.