Reso 2004-706 - Laserfiche WebLink

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APPLICABLE SECTIONS OF RULB 14-22 F,A.C, THAT STIPULATE THE RBQUlREMBNTS FOR USING A SURETY TO lNCREASE BIDDING CAPACITY. (R. 7/01) bt;LDq 1:he App~icani: 14-22.003(2) (a)2.a 2. Except for the provisions of Rule 14- 22.003 (2) (a) 2.a above, the MQR for firms that havull Ability Score 0[91 or greater will" be the "'Aggregate o[COlltracts" amount stipulated in the surety commitment letter, An MCR established through the we ala 8U1'ety commitment lettel' shall not l%Ceed the "Aggregate olContracts" amount sttpuJated In the 81l1'ety commitment lett.1'. . . 3. Uac of a surety commitment letter to Increase an anDlicant's Maximum..Canacitv Rattnll wIll onlY be considered if at the time of atmiication the'lDnlicant's Cummt Ratio Factor is at least 1.00 as defined in ,RUle Section 14-22.003(2)(a)3.. and the apnllcant has an Abllitv Score of 80 or himer. No event(a) during the qualification perior:l subsequent to the ending date of the audited finQlu:ial" l1atemsnts uaed for qual(fication will be cof!8itJered in determining an qppllcant's Current Ratio Factor. ' . a. Notwithstanding the' requirements in Rule Sections 14- 22.003 (2) (a) and 14-22.003 (1.) (a) l.a., l.b., I.e., 1.eL, and 14.22.003 (2) (a) 2. above; the AF, (Ability Pactor) win ,be . 1i~ted to a maximum of 4, if the applicant rebeives an ability score of76 or less on tho Initial app1icatlo~ or receives an ability . score of76 on two or moro Prime Contractor.Past Performance . Rcporta on file for. projects oomplllted during the 12 month period preceding the applicant'a fiscal y.car ending date for which the Certificate OfQllallilcation Is being issued. The use of a surety commitment letter to miso the MCR Is prohibited UDder this limitation. b. This AF limitation will remain in effect during the current qualification period. R.a1::inq the AppUc:ant 14-22.003 (2) (b) (b) Bonding Capacity, l:~ccpt for the provisions of Rule 14-22.0Q3 (2) (a) . 2.a above,. an applicant qualifying for a positive rating under the above provisions., has an Abillty Score of 80 or hhz:hor and has a Current Ratto Factor of at least 1.00, shall be allowed to mise it' a MCR upon receipt of evidence of a current bonding capacity exceeding the calculated MCR?rolil a surety company authorizl;d to do business in Florida. Such evidence shall be in the form of a letter of c:omJi1itmcnt executed by an officer of the su~ who is authoriz.cd to bind the Surety, with power of attorney attached. The surety letter must be dated within four . mo~tbs of the request and cover the certification period. The limit for an MCR i33USd on the 11a.ri.t obut:h bond commitment for applicants with an Ability Score 0[80 through 90 will be determined by thefo!lawing "~Surety Capacity "formula: RM:::;: Surety Capacity SllRty Multiplier (Detcrmlnl:d from Ability SCOla- Surety Multiplier Table as provided on front ofwarksbcct) , Maximum Capacity Rating (Determined as provided"1n 14-22.003 (2) (a) Jlll-gil:lilit;y ~oz: Obtaining PropoeaJ. DOCWll8l1U' 14-22.0Q8 (5.) , (5) A qualified bidder will be iSSlled proposal documents for any number of projec~ provided the estimated contract amount of any individual project requested does notcxcced their Current Capacity. Except .. for the pr.ovisions of Rule 14-22.003 (2) (a)2.a above, puall:ficd :firms that desirC,to bid a nroicct which. exceeds their Cum:nt Canacitv, and whose CmTent Ratio FactoT was at least 1.00. based on the financial statements.used for current Qualification, and that have an Abilitv Score of . 80 or himel. will be' allowed to bid that snccific-nroicct if the firm furnishes a commitment letter from B. !IUl'etv comnanv authorized to do business .in 'Elorida that does not exceed the finn's Surctv Capacity as established bv 14-22.003(2)(\))1. ~C=SM~MC~x(CRV I!R) In which: sc= MeR= TRV= Construction Revenues (As set forth In . IIpplican~s financial stateml:llts per 14- 22,002 (2) (c) 2- Total Rcmwcs (As set forth .In applicant's financial statement) CRV=