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Net Prequalification

Defined in the MichiganDOT standard specifications. This is the agency’s own text, with the section it comes from.

Definitions are quoted from state-authored public specification books. This page carries no I-Code-derived terms.

Michigan · MDOT

Current balance of the Bidder ’s established prequalification rating. The current balance is obtained by subtracting the uncompleted work on hand from the established rating.

Section 101 — Terms, Format, and Definitions
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