The actual rating is from 1-100 points. This score translates to a -50% – +50% score. Out of 100 Hogan scored a 4.8. You read that correctly. This translates to a suggestion that a sub adds a significant amount to a bid in order to compensate for trouble they will likely experience.
GENdex helps subcontractors understand who is worth bidding with. Nearly all GCs have systems by which they summarily judge/rate their subs according to a variety of criteria. GENdex does the same but for GCs. It is based on bidding, contracting, change orders, communication, professionalism and fairness.
The score is a -50 to +50. Anything above zero suggests a percentage that should be added based on the above factors that affect profitability of a job. Conversely anything below zero suggests a potential discount because the GC is known to be a partner that knows your profitability is just as important as yours.
So far my personal experience would suggest a high surcharge on any bids submitted. So many things are currently wrong and out of the ordinary of that given the same opportunity and bid we would have increased our bid by at least 30%. Yes we probably would have lost the bid but at least had we won the job would have been profitable.