R916-2-1. Authority and Purpose

(1) This rule is made in accordance with the authority granted to the department in Section 72-1-201 and Subsection 63G-6a-106(3)(a). (2) This rule establishes the criteria for the prequalification of entities seeking to submit bids or proposals for construction projects administered by the department. (3) The department shall administer this rule in a manner that: (a) ensures applicants possess adequate financial resources to provide complete performance of contracts awarded by the department; and (b) fosters and protects competition in the department's bidding and proposal process.