Monday, August 31, 2009 - 08:03

DBEs to get stimulus assistance

Bonding program will help firms compete for ARRA jobs

U.S. Transportation Secretary Ray LaHood announced $20 million in recovery funds to create the Disadvantaged Business Enterprise (DBE) Bonding Assistance Program, an initiative that will help small and disadvantaged businesses better compete for work on transportation projects funded by the American Recovery and Reinvestment Act (ARRA).
Through this new program, which will be administered by the Department of Transportation’s Office of Small and Disadvantaged Business Utilization (OSDBU), small and disadvantaged businesses can 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.
“The Obama administration is committed to doing all it can to help DBEs realize the American dream and contribute to making our transportation systems even better,” said LaHood. “These recovery dollars will help level the playing field so these companies have the tools and resources they need to compete.”
OSDBU was created as part of the Small Business Act (SBA) to ensure that small and disadvantaged businesses are provided the best opportunity to participate in the agency's contracting process. The U.S. DOT’s DBE program is intended to ensure nondiscrimination in the award and administration of DOT-assisted contracts in the department's highway, transit, airport and highway safety financial assistance programs. To be certified as a DBE, a firm must be a small business owned and controlled by socially and economically disadvantaged individuals.
For additional information on the new DBE Bonding Assistance Program, including more details on the application process, please visit http://www.dot.gov/recovery/ost/osdbu/index.htm

U.S. DOT

Roads&Bridges Videos

 

Videos

Products

  • Plastic Safety Systems Inc. designed RoadQuake 2 Temporary Portable Rumble Strip to reduce accidents and save lives. RoadQuake 2, a...
  • The 26,455-lb (12,000-kg) HR120C-9 roller has a drum width of 6 ft 10 in. (2,100 mm), a drum diameter of 4 ft 11 in. (1,500 mm) and a drum thickness...
  • Animation of a U.S. Bridge Liberty Panel Bridge being assembled and launched. The animated video shows the various steps of assembling this panel...
  • Calbrite’s stainless steel EMT and EMT elbows are now UL/CUL approved. This recent addition to UL/CUL 797A offers Calbrite’s customers a cost-...
  • International Cybernetics’ portable road profiler gives accurate real-time smoothness results. The system can mount to any vehicle and will collect...
  • DuraHook allows municipalities to get higher utilization from truck chassis by rolling on and off in minutes. The DuraHook is self-contained with a 6...
  • SAFENCE High-Tension Cable Barrier from Gregory is a NCHRP 350 TL-3 and TL-4 approved tensioned wire rope cable barrier system. SAFENCE provides...
  • Outokumpu offers stainless steel reinforcement bar in duplex LDX 2101, 2304, and 2205 in both metric and imperial sizes––all produced to ASTM 955...
  • BOMAG’s Tangential Oscillation Compaction is optimized to target bridge structures, building proximity and intermediate/finish rolling applications....
  • Viewpoint V6 Software is a fully scalable and integrated SQL/.NET solution tailored specifically for mid-to-large-sized construction companies. An...