This amendment: 1) updates references to the Utah Code Ann. Sections that the rule is authorized under; 2) updates and adds definitions; 3) changes the project advertised estimate threshold for which prequalification is required from $1,500,000 or under to $3,000,000 or under; 4) adds prequalification information submittal deadline; 5) authorizes the department to alter an applicant's status anytime during the process as needed; 6) eliminates requirement that federal income tax returns accompany reviewed financial statements; 7) defines the lower prequalification rating; 8) provides and defines an applicants ability to submit a guaranty of financial support; 9) limits information applicant must provide regarding experience and past performance; 10) eliminates the "Status of Work under Contract" form requirement; 11) defines conditions under which an application may be rejected; 12) provides notice that the department will not accept any pledges; 13) defines requirements for applying as a joint venture; and 14) repeals the disqualification rule.