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APPLICABLE SECTIONS OF RULE 14-22 F.A.C. THAT STIPULATE THE REQUIREMENTS FOR USThTG A SURETY TO INCREASE BIDDING CAPACITY (R 7/01) Rating the AppJ.icant 14-22.003(2) (a)2.a Ra tinq the AppH.can t 14-22.003 (2) (b) 2. Except for the provisions of Rule 14- 22.003 (2) (a) 2.a above, the MC;R for firms that have an Ability Score of91 or greater will' be the "Aggregate afContracts" amount stipulated in the surety 'commitment letter. An MeR established through the use of a surety commitment letter shall not exceed the "Aggregate of Contracts " amount stipulated In the surety commitment letter. . 3. Use of a suretv commitmen't letter to increase an applicant's Maximum'Canacitv Rating will onlv be considered if at the time of apnlication the'apolicant's Current Ratio Factor is at least 1.00 as defined in Rule Section 14-22.003(2)(a)3.. and the aonllcant has an Abilitv Score of 80 or higher. Na event(s) during the qualification period subsequent to the ending date of the audited financial statements wed for qualification will be co~ered in detennining an qpplicant's Current Ratio Factor. ' a. Notwithstanding the requirements in Rule Sections 14- 22.003 (2) (a) and 14-22.003 (2) (a) l.a., l.b., I.e., l.d., and 14.22.003 (2) (a) 2. above, the AP, (Ability Factor) win'be li~ted to a maximum of 4, if the applicant receives an ability score of76 or less on the initial application, or receives an ability score of76 on two or more Prime ContractOr.Past Penormance Reports on file for. projects completed during tho 12 month period preceding the applicant's fiscal y.ear ending date for which the Certificate of Qualification is being issued. The use of a surety commitment letter to mise the MCR is prohibited under this limitation. b. This AP limitation will remain in effect during the current qualification period. (b) Bonding Capacity. tExccpt 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 Abi1ltv Score of 80 or hill:her and has a Current Ratio Factor ofat least 1.00. shall be allowed to raise it's MCR upon receipt of evidence of a current bonding capacity exceeding the calculated MCRlrom a surety company authorized to do business in Florida. Such evidence shall be in the form of a letter of commitment executed by an officer of the surety who is authoriz.ed to bind the surety, with power of attorney attached. The surety letter must be dated within four . mo~ths of the request and cover the certification period; The limit for an MCR issued on the basi.!: of .:uch bond commitment for applicants with an Ability Score of 80 through 90 will be determined by thefo!lawing ':Surety Capacity "formula: EJ.ig~ility for Obtaining Proposal Documanu' 14-22.008 (S} . MCR= Maximum Capacity Rating (Determined as provided 'in 14-22.003 (2) (a) (5) A qualified bidder will be issued proposal documents for any number of projects; provided the estimated contract amount of any individual project requested does not exceed their Current Capacity, Except . for the provisions of Rule 14-22.003 (2) (a)2.a above, '. 9ualified firms that desire 'to bid Ii oroiect which exceeds their Current Canacitv. and whose Current Ratio Factor was at least 1.00' based on the financial statements, used for current Qualification. and that have an Abilitv Score of . 80 or hilmer. will be allowed to bid that soecificoro;ect if the firm furnishes a commitment letter from a surety company authorizcd to do business .in F.lorida that does not exceed the firm's Surety Caoacity as established bv' I 4-22.003 (2)(b)1 , ~C= SMxMCRx(CRV /-:m) In which: sc= Surety Capacity SM"", Surety Multiplier (Determined from Ability Score- Surety Multiplier Table as proyjded on front of worksheet) CRV= Construction Revenues (As set forth in . app licant's financial statements per 14- 2.2..002 (2) (c) 2. TRV= Total Revenues (As set forth In applicant's financial statement)