Qualifications to contract

(1) A contract shall only be entered into with persons who demonstrate a proven ability to contribute the necessary funds, assets, machinery, equipment, tools and technical expertise necessary for the effective performance of the terms and conditions of the proposed contract. (2) For the purpose of establishing the ability of a particular person as described in subsection (1) of this section, the Minister may require the submission of documentation demonstrating the expertise and technical, financial and economic capability of such person.