Bonding Assistance Program

To encourage, promote, and assist minority entrepreneurs and businesses in getting transportation-related contracts, subcontracts, and projects by providing bonding assistance to obtain bid, payment, and performance bonds.




Related Programs

Examples of Funded Projects

Fiscal Year 2016: Kansas City, MO St.

Louis, MO Detroit, MI Chicago, IL Houston, TX Atlanta -Skanska/Blaford BEP Atlanta Airport Connecticut State Quad Cities (I-74 Mississippi River Bridge Corridor Project) Bettendorf, IA Billings, MT Summit Everett, WA Washington State Charlottesville, VA Lane Construction Kannapolis, NC Wave Streetcar Project Fort Lauderdale, FL Florida International University City Prosperity Project Miami, FL LA Metro Los Angeles, CA Las Vegas, NV Reno, NV Salt Lake City, UT Regional Transportation District Denver City of Denver/DIA Denver, CO.

Fiscal Year 2017: Potomac Yards Minneapolis, MN I-71 MLK Interchange Cincinnati, OH Washington Reagan National Airport Washington, DC Kansas City, MO Jackson, MS Bexar Country San Antonio, TX Regional Transportation District (RTD) Denver, CO Salt Lake City International Airport Salt Lake City, UT I-66 Express Mobility New Port News, VA City LYNX Gold Line Charlotte, NC Port Access Road Charleston, SC Inner Harbor Savannah, GA Jacksonville, FL.

Fiscal Year 2018: No Current Data Available


Agency - Department of Transportation

The Department of Transportation's mission is to ensure fast, safe, efficient, accessible and convenient transportation that meets vital national interests and enhances the quality of life of the American people, today and into the future.




Selected Recipients for this Program


RecipientAmount Start DateEnd Date
Reyes Group, Ltd. $ 30,612   2010-02-162010-08-08
Aos Specialty Contractors, Inc. $ 6,292   2010-02-232010-06-30
Aos Specialty Contractors, Inc. $ 7,325   2010-02-232010-06-30
Atlantic Contracting Company Inc. $ 3,888   2010-03-012010-06-30
Atlantic Contracting Company Inc. $ 6,756   2010-01-262010-05-31
$ 0   
$ 0   
$ 0   
$ 0   
$ 0   



Program Accomplishments

Fiscal Year 2016: The below BEP programs were approved in FY 2016 year Kansas City, MO St. Louis, MO Detroit, MI Chicago, IL Houston, TX 'Atlanta -Skanska/Blaford BEP Atlanta Airport Connecticut State Quad Cities (I-74 Mississippi River Bridge Corridor Project) Bettendorf, IA Billings, MT Summit Everett, WA Washington State Charlottesville, VA Lane Construction Kannapolis, NC Wave Streetcar Project Fort Lauderdale, FL Florida International University City Prosperity Project Miami, FL LA Metro Los Angeles, CA Las Vegas, NV Reno, NV Salt Lake City, UT Regional Transportation District Denver City of Denver/DIA Denver, CO. Fiscal Year 2017: The below BEP programs were approved this year Potomac Yards Minneapolis, MN I-71 MLK Interchange Cincinnati, OH Washington Reagan National Airport Washington, DC Kansas City, MO Jackson, MS Bexar Country San Antonio, TX Regional Transportation District (RTD) Denver, CO Salt Lake City International Airport Salt Lake City, UT I-66 Express Mobility New Port News, VA City LYNX Gold Line Charlotte, NC Port Access Road Charleston, SC Inner Harbor Savannah, GA Jacksonville, FL. Fiscal Year 2018: There are 13 regions and every region is required to submit 2 proposals for BEP programs.

Uses and Use Restrictions

The Bonding Assistance Program is an all-inclusive, hands-on, multi-component program designed to address the credit, character, and capacity needs of the small disadvantaged business community in order to become bond-ready, increase capacity, and compete for and participate on transportation-related contracts.

Eligibility Requirements

Applicant Eligibility

The participant in bonding assistance program must be a construction contractor whom is or in the process of becoming certified as small and disadvantaged business to perform work on transportation-related project.

Hereafter, the term small and disadvantaged business will refer to: 8(a), small disadvantaged business (SDB), disadvantaged business enterprises (DBE), women owned small business (WOB), HubZone, service disabled veteran owned business (SDVOB), and veteran owned small business (VOSB).

Additional requirements include: ? To be considered for the program, applicants must be the primary owner(s), key manager(s) or administrator(s) of a business that meet the following criteria: ? Existing in business for at least (2) consecutive years ? Revenue of at least $250,000 annually ? Have a minimum of (2) full time employees (including owner) ? Past performance in construction industry ? Pursuing transportation-related contracts ? Interested in satisfying credit, capacity and character evaluations in consultation with a surety representative ? Consultants, developers and engineering firms are not eligible for the program.

Beneficiary Eligibility

The recipient of bonding assistance must be a small and disadvantaged business. Bonding Assistance provided under the American Recovery and Reinvestment Act of 2009 (ARRA) is only available to Disadvantaged Business Enterprises (DBE) certified under 49 Code of Federal Regulations Part 26.

Credentials/Documentation

The recipient of bonding assistance must provide proof of certification by the certifying agency. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. In partnership with the surety industry, the Bonding Assistance Program is designed to individually identify and address key factors for the bondability of small disadvantaged businesses and is offered through USDOT OSDBU and its network of Small Business Transportation Resource Centers (SBTRC) around the country. Contractors who are interested in participating in the program are encouraged to contact the National Bonding Program M anger to enroll in a local program.

Award Procedures

Not Applicable.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Authorization

Moving Ahead for Progress in the 21st Century (MAP-21).

Range of Approval/Disapproval Time

Provision of Specialized Services/Technical Assistance: The goal to help the small businesses become bond ready.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula. This program has no matching requirements. This program does not have MOE requirements.

Length and Time Phasing of Assistance

Provision of Specialized Services/Technical Assistance: Services are provided until they are no longer required by the participant or the participant is no longer eligible. Method of awarding/releasing assistance: by letter of credit.

Post Assistance Requirements

Reports

Monthly, internal OSDBU reports; Reports to the Secretary of Transportation on all bond approvals.

No cash reports are required.

No progress reports are required.

No expenditure reports are required.

No performance monitoring is required.

Audits

No audits are required for this program.

Records

Provision of Specialized Services/Technical Assistance: Participant records are maintained by the participating SBTRCs with access provided to DOT.

Financial Information

Account Identification

69-0102-0-0-119.

Obigations

(Training) FY 16 $494,709; FY 17 est $0; and FY 18 est $0 - 2016-BEP $494,709.50 There were no budget request made because this program is fully funded.

Range and Average of Financial Assistance

No Data Available.

Regulations, Guidelines, and Literature

Public Law 97-449, 49 U.S.C.332.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Bianca Fagin 1200 New Jersey Ave, S.E., Washington, District of Columbia 20590 Phone: (202) 366-9887

Criteria for Selecting Proposals

Not Applicable.



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