To help expand their preconstruction software offerings, Procore has just announced a new product, called Prequalification, to help its users reduce the time it takes to evaluate new and existing contractors. Prequalification joins the Bid Management product under Procore’s preconconstruction umbrella.

Within Procore Prequalification, users can add and track information of the contractors they work with -- or hope to work with – such as contact, financial, safety, bonding, and insurance information. The contractor information reduces silos and increases transparency, so that all various stakeholders in the process have the correct information at their fingertips.