238-25 Exhibit B.pdf

State of Now Jersey DEPARTMENT OF TRANSPORTATION PRO, Box 60 ‘Trenton, New Jersey 68625-0600 PHILIP D. MURPHY DIANE GUTIERREZ-SCACCETTL Governar Commissioner SHEILA Y. OLIVER Lt. Governe NOTICE OF CLASSIFICATION THE SHAUGER GROUP, INC. June 19 2024 identification Number: 22-3115660 ‘THE SHAUGER GROUP, INC, 429 DODD STREET EAST ORANGE, NJ 07017 Dear Sir/Madam, in accordance with Title 27:7-35 et seq., and Regulation of the New Jersey Department of Transportation, you are hereby notified that your firm has been CLASSIFIED by the New Jersey Department of Transportation. Please see ATTACHMENT A for your firm’s assigned financial capability, work classification(s), and project rating(s). Your firm's financial capability is based on (net working capital or (Net Worth x 15) + (net book value of construction equipment, less the value of any outstanding loans x 15) + (unsecured lines of credit in accordance with the Questionaire x 7) as determined by the Department fram the information your firm submitted for the Close of Business on 12/31/2023. Please see ATTACHMENT B for explanation. Your firmn’s financial capability is defined as the dollar threshold on the maximum of a project rating, which is assigned by the Department pursuant to N..A.C. 16:44-3.6 upon examination of the contractor's Questionaire and financial statement submitted in accardance with this chapter, Project Rating is defined as the maximum dollar amount that a Centractor shall be allowed to bid in a particular work type on and individual project. This CLASSIFICATION will be effective on 6/28/2024 and willexpireon 6/30/2025 This dénotes your maximum financial capability and project rating{s) are limited to no greater than $10,000,000 since your firm has chosen to submit a CPA review of your financial statements Bid will only be accepted from a contractor classified with the Department pursuant to NJ.A.C. 16:44-3, Bids will only be accepted from a contractor who has been classified in at least one of the work classifications required in the project advertisement. Bids will be accepted from a contractor in an amount that does not exceed its project rating. When there is a question as to whether a bid is within the contractor’s classification or, where it reasonably appears that a contractor may not have the classification that will allow It to bid on a project for which bids are being

hether a bid is within the contractor’s classification or, where it reasonably appears that a contractor may not have the classification that will allow It to bid on a project for which bids are being sought, the bid will be opened provisionally. If the bid is for a different work classification or in a dollar amount greater than the contractor’s maximum project rating, the bid will be rejected. “IMPROVING LIVES BY IMPROVING TRANSPORTATION" New Jersey is an Equal Opportunities Employer * Printed on Recycled and Recyclable Paper