72% of subcontractors that call their COMPASS account rep start with "There's no project. I'm going to wait until there is one before I update my data." Those calls end with "I didn't know that, I'll update my data right away!" What changed their mind?
They realized they're only hurting themselves by waiting, for two main reasons.
They were missing bid opportunities
Most of our GCs tell us they only invite subs to bid if they're currently prequalified. If your prequal expires, you won't make it onto their bid list.
They were going to have a gap in their Q Score
GCs look for reliability. Skipping a year creates a gap in your submission and Q Score history. That makes new GCs nervous and reduces the chance they prequalify you, again leading to missed opportunities.
The Great Renewal
That's why COMPASS invented The Great Renewal, an industry-led, annual initiative to encourage all subcontractors to update their data as soon as it's available. Because we don't want you to miss any opportunities.
So, do you still want to wait for that next project?
“Skipping a year creates a gap in your submission and Q Score history, and new GCs notice.”
— COMPASS analytics team
