Any business that hires vendors to deliver goods or services can utilize and benefit from a prequalification software solution. 

Procore's prequalification tools streamline your business process and give you a centrally connected hub to manage your entire qualification process from creating and sending forms, to reviewing information, to approving or denying submissions.  Maintaining a full record in one central location allows project teams to quickly and easily see which contractors and/or vendors are currently approved for the desired scope of work, and seamlessly invite them to bid through the connected bidding tool.

Yes, Procore's prequalification tools have several flexible configurations where users can adjust and customize the information collected during prequalification.  The data you deem necessary can be associated with a vendor's record in the directory for all necessary stakeholders to leverage.

Beyond just efficiency loss, businesses that do not have the proper tools and controls in place to maintain a well managed qualification process have increased risk exposure to significant liabilities. For example, failure to have a robust qualification process can lead to hiring a contractor without the proper experience, capacity or means to deliver the work.