Efficacy of contractor prequalification models

Contractor prequalification models and prequalification criteria (PQC) were studied through extensive literature review to determine their respective working methodologies. These prequalification models were segregated into two groups namely "Practical" and "Theoretical" groups. Further attention was devoted to the former group and the prequalification models comprising of the first group were further analyzed to determine the different levels of methodology sophistication and complexity. Then three prequalification models were selected representing the different levels of complexity. These models were then subjected to a comparison analysis which comprised not only of the quantitative comparison but also of the qualitative aspect. Conclusions were drawn on the basis of this comparison analysis. One of the important conclusions drawn was that agreement between the various prequalification models was based more on the extent of objectivity used in making decisions rather than in the inherent methodologies of the models. The difference in the models is the ease with which decisions were elicited from the user.