TITLE 44: GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT
SUBTITLE B: SUPPLEMENTAL PROCUREMENT RULES
CHAPTER IX: DEPARTMENT OF TRANSPORTATION
PART 650 PREQUALIFICATION OF CONTRACTORS, AUTHORIZATION TO BID, AND SUBCONTRACTOR REGISTRATION
SECTION 650.160 FINANCIAL RATING - GENERAL
Section 650.160 Financial Rating − General
a) The financial rating serves two functions:
1) To measure the applicant's ability to sustain cash flow for the duration of an awarded contract and
2) To indicate the maximum amount of uncompleted work that the applicant may have under contract at any one time.
b) When computing an applicant's financial rating, the Department utilizes the financial statement submitted by the applicant as part of the application for prequalification.
(Source: Amended at 24 Ill. Reg. 18775, effective December 7, 2000)