SPECIAL NOTICE
Y -- Disadvantaged Business Enterprise American Recovery and Reinvestment Act Bonding Assistance Reimbursable Fee Program (DBE ARRA BAP) - DOT's Bonding Assistance Program for Disantavataged Business Enterprise Contractors
- Notice Date
- 4/2/2010
- Notice Type
- Special Notice
- NAICS
- 237310
— Highway, Street, and Bridge Construction
- Contracting Office
- Department of Transportation, Federal Highway Administration (FHWA), Western Federal Lands Highway Division, 610 East Fifth Street, Vancouver, Washington, 98661-3801
- ZIP Code
- 98661-3801
- Solicitation Number
- WFLHD-SpcNtc-10-001
- Archive Date
- 4/30/2010
- Point of Contact
- Contracts G. Office, Phone: (360)619-7520
- E-Mail Address
-
WFL.Contracts@dot.gov
(WFL.Contracts@dot.gov)
- Small Business Set-Aside
- N/A
- Description
- Reporting Template Program Reporting Requirements Fee Reimbursement Form DBE Bonding Assistance Program Guidance DBE Bonding Assistance Brochure How do I Obtain More Information? You can contact the U.S. Department of Transportation, Office of the Secretary, Office of Small and Disadvantaged Business Utilization for further information: Email: bap.arra@dot.gov Voice: 1-800-532-1169 or 202-366-1930. A long-distance charge to callers located outside of the local calling area will apply when calling the 202-366-1930 number Internet Guidance. http://www.dot.gov/recovery/ost This new program, which will be administered by the Department of Transportation's Office of Small and Disadvantaged Business Utilization (OSDBU), allows small and disadvantaged businesses to apply to be reimbursed for bonding premiums and fees incurred when competing for, or performing on, transportation infrastructure projects funded by ARRA. The program will be especially helpful for businesses with traditionally less working capital than larger contractors. Under the DBE ARRA BAP program, DBEs performing on a transportation and infrastructure projects receiving ARRA funding assistance from any DOT mode of transportation will receive financial bonding assistance in the form of bonding fee cost reimbursement. This provision is applicable to a subcontract or prime contract at any tier in the construction project. Under this program DOT will directly reimburse DBEs the premiums paid to the surety company for performance, payment or bid/proposal bonds. The range of the premium fee is between 1-3% of the total bond amount. In the event the DBE also obtains a bond guarantee from Small Business Administration's (SBA) Surety Bond Guarantee Program (SBGP), the DOT will also reimburse the DBE for the small business concern (principal) fee of.729% of the contract price. Only qualified bonds with an issue date on or after August 28, 2009 to September 8, 2010 are eligible. P lease see the attachments for application information and guidance. Please DO NOT contact the Western Federal Lands Office. All questions should be submitted to bap.arra@dot.gov or call 1-800-532-1169 or 202-366-1930.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/DOT/FHWA/WFL/WFLHD-SpcNtc-10-001/listing.html)
- Place of Performance
- Address: n/a, , United States
- Record
- SN02111387-W 20100404/100402235148-401e161244c806546f31cf5bb79b036d (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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