Financial Indicators Study On The Engineering Project Prequalification

Under the market economy conditions,bidding is a transaction way,which be used to buy an sale Large quantities cargo,engineering project bidding and contracting,and procurement and provision of services item.According to the prevailing approach of International Project Management,review financial eligibility of bidders is effective to ensure tender guarantee,performance bond and payment.Based on the financial indicators combination analysis system,in accordance with the bidding of the different types of projects will the project be divided into three types that construction projects,equipment procurement and installation,procurement of bulk commodities.An effective financial indicators combination been selected from financial indicators combination analysis system,which can reflect bidder's solvency,operating capacity,the ability to develop the situation,which be able to more accurately reflect the bidders of the project implementation capacity.As a supplement,Principal Component Analysis under the software SPSS,fifteen dimensionality indicators was reduced into four new indicators.The result shows that compare four new indicators with financial indicators combination are basically the same in response enterprises bidding capacity.