Trade Partners
At Hedrick Brothers Construction, we recognize that our Trade Partners of Specialty Subcontractors and Suppliers play a critical role in our success, and we deeply value their contributions to our team. Their expertise and collaboration are essential to delivering the high-quality projects we are known for.
Hedrick Brothers Construction Pre-Qualifies all Subcontractors during the bidding phase of a Project. The process is managed through COMPASS by Bespoke Metrics. The COMPASS platform helps us evaluate, approve, and manage subcontractors throughout the prequalification process. Instead of manually collecting and reviewing documents from our subcontractors, this software centralizes all information on a single platform.Â
KEY BENEFITS FOR SUBCONTRACTORS ENROLLING IN COMPASSÂ
- Streamlined "One-and-Done" Prequalification: Subcontractors fill out a standardized 1Form once per year, which can then be securely shared with multiple GCs. This eliminates the need to complete repetitive, individualized forms for different projects.Â
- Increased Visibility to GCs: COMPASS provides a QScore and ranking system that increases visibility to general contractors, making it easier to be selected for projects. It enables subcontractors to showcase their qualifications objectively, potentially leading to more bid opportunities.
- Improved Safety & Financial Credibility: The platform helps subcontractors highlight their strengths in health and safety, financial stability, and past performance, helping them stand out as low-risk partners.
- Data Security and Control: Subcontractors retain control over their data, deciding who can access their sensitive information. The system complies with high data security standards (SOC 2).
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COMPASS SUBSCRIPTION
There is an annual fee for all subcontractors to subscribe to COMPASS. Subscribing to COMPASS occurs during the subcontractor bidding process and does not guarantee contract award. The COMPASS fee schedule is as follows:
- < $2.5M Annual Revenue: $750 per year ($62 per month)
- $2.5M to $10M Annual Revenue: $2500 per year ($208 per month)
- $10M to $50M Annual Revenue: $3,800 per year ($317 per month)
- $50M to $100M Annual Revenue: $5,000 per year ($417 per month)
- > $100M Annual Revenue:Â $7,500 per year ($625 per month)
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CONTACT our Prequalification Team for further Inquiries: HBPrequal@HedrickBrothers.com