Section 650.80  Issuance and Effect of Ratings

a)         Once the Prequalification Section has completed its analysis of all information relevant to the determination of ratings and has established the ratings of the applicant, a Certificate of Eligibility will be issued to the applicant.  A copy of the Certificate of Eligibility will be provided to requesting units of local government.

b)         The Certificate of Eligibility permits the prequalified contractor to make application for Authorization to Bid on contracts in accordance with the procedures of Subpart B of this Part. The Certificate of Eligibility may be used by units of local government as evidence of contractor eligibility to bid on contracts advertised and awarded by the units of local government with approval by the Department as required by law.

c)         The Certificate of Eligibility and the ratings therein confer neither a license nor a right to bid on or to be awarded a contract.  Prequalification is an initial, preliminary determination of responsibility which must be finally determined at the time of award and execution of a contract advertised by the Department or at the time of approval in the case of contracts subject to Department approval by law.

d)         Financial Interest Disclosure

1)         Section 50-35 of the Illinois Procurement Code [30 ILCS 500/50-35] requires that all bids of more than $10,000 be accompanied by disclosure of the financial interests of the bidder.  The financial interests to be disclosed include the ownership or distributive income share that is in excess of 5% or an amount greater than 60% of the annual salary of the Governor, of the bidding entity or its parent entity, whichever is less, unless the contractor or bidder is a publicly traded entity subject to Federal 10K reporting, in which case it may submit its 10K disclosure in place of the prescribed disclosure.  The disclosure includes the names, addresses, and dollar or proportionate share of ownership of each person making the disclosure, the instrument of ownership or beneficial relationship, and notice of any potential conflict of interest resulting from the current ownership or beneficial interest of each person making the disclosure having any of the relationships identified in Section 50-35 of the Code and on the disclosure form provided by the Department with the Invitation for Bids in the Transportation Bulletin.

2)         A contractor that is issued a Certificate of Eligibility and that intends to make application for Authorization to Bid on contracts in accordance with the procedures of Subpart B of this Part may file the disclosure forms with the Prequalification Section and periodically update the forms as necessary in order to comply with the disclosure requirements.

3)         The Invitation for Bids issued by the Department provides space for the bidding contractor to incorporate by reference the disclosure forms on file and to certify that the forms are accurate.

(Source:  Amended at 22 Ill. Reg. 20393, effective November 4, 1998)