Final answer:
The process of eliminating unqualified contractors from bidding on a project is called prequalification. It mirrors the approach employers use to screen job applicants for quality traits through educational qualifications and references.
Step-by-step explanation:
The process used to 'weed out' those contractors who are not qualified to bid on a project is known as prequalification. This concept is similar to how employers filter potential candidates for positions within their organizations. Employers are concerned with hiring a high-quality employee and thus, they may require candidates to have a degree from a specific institution, a high grade point average, or particular accolades. These requirements act as a means of pre-screening to suggest a candidate's motivation, perseverance, and ability. Additionally, by seeking references, employers can gain insights into an applicant's energy level and work ethic, which are valuable attributes that are often not evident from just the resume.
The process used to 'weed out' those contractors who are not qualified to bid on a project is called prequalification. Prequalification involves a thorough evaluation of the contractor's qualifications, including their experience, capabilities, financial stability, and past performance. This process helps ensure that only qualified and capable contractors are invited to submit bids for a particular project.