Contractors have historically relied on basic data when prequalifying partners: financial statements, OSHA and EMR documentation, and project references. Although these elements are still core components, companies also use other data points that can impact decision-making. However, data quality continues to be an issue, ranging from incorrect or inaccurate information to missing and outdated data. This bad data can be more than a nuisance – it can actually cripple business success and result in significant costs.