What type of contractor business practices does the CMS evaluate?

The CMS evaluates project bidding strategies because these practices are fundamental to the competitive bidding process in the construction industry. Understanding how contractors formulate their bids, how they estimate costs, and how they evaluate project profitability directly impacts their chances of securing projects and maintaining financial health. Effective bidding strategies not only reflect a contractor's capability to assess project requirements accurately but also their ability to compete effectively against other contractors in the market.

While employee training programs, financial accounting methods, and material procurement processes are essential components of a contractor's overall business practices, the CMS specifically focuses on the strategies involved in project bidding as these practices are critical to winning contracts and ensuring sustainable business operations.