Boom simplifies how risk teams evaluate contractors for projects via an AI-powered risk assessment.
FINANCE
Assess Financial Health
Avoid costly contractor defaults with Boom. Our financial stability score analyzes income statements, balance sheets, cash flow statements, work in progress, bankruptcies, and lien history to assess default risk and suggest safe contract limits.
Income Statements
Balance Sheets
Cash Flow Statement
Work in Progress
Bankruptcies
Liens
Watch: Managing Financials in Boom
SAFETY
Evaluate Safety Risk
Mitigate contractor safety issues with Boom. Our platform benchmarks key performance indicators like EMR, TRIR, and DART rates, helping you identify and avoid potentially unsafe partners.
OSHA 300A
EMR Verification
Watch: Managing Safety in Boom
AUTOMATE PREQUALIFICATION
COMPLIANCE
Verify Business Status, Licensing, and Certifications
Government databases are scanned for contractor business status, ownership details, professional licenses, and any contractor board actions. Then, our team verifies contractor insurance policies, bonding capacity, and diversity certifications.
Business Status
Professional License
Ownership Review
Contractor Board Actions
Commercial General Liability
Workers' Compensation
Umbrella/Excess
Auto Liability
Payment Bonds
Performance Bonds
DUE DILIGENCE
Project & Client References
Boom helps you evaluate past projects and client references to ensure prequalifying companies have the expertise required to deliver your projects.
Past Projects
Hiring Client References
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WE KNOW CONSTRUCTION
Rapidly identify contractors that can meet financial, safety, and performance obligations.
