0 if a bank pre-qualifies someone for a loan, it calculates the largest amount that they would be able to borrow based on income, etc.:
1 if a company pre-qualifies for particular work, it proves it has the ability, experience, etc. to do it and is allowed to compete for it:
Interested companies were given 10 days within which to submit a request to pre-qualify.
I received 71 initial expressions of interest from which 21 organisations sought to pre-qualify.
We are talking in terms of a tender time of, first, three to 12 months to identify an opportunity, pursue it and pre-qualify to tender.
We have received 34 applications to pre-qualify for the sale of the five regional coal companies and the care and maintenance collieries.
I welcome his recent announcement that 37 organisations have applied to pre-qualify for the first group of eight franchises.
We should finish the evaluation exercise and hope to be in a position to pre-qualify bidders in a matter of weeks.
Submissions to pre-qualify for those contracts are due back later this month.
It costs local councils more money than it should to tender contracts and local businesses more money than it should to pre-qualify for contracts.
