Agenda  Objective  Evaluation and Monitoring Program  Broker Services  Program Benefits  Program Risks

Objectives  Provides an alternative to DBE/SBE subcontractors procuring performance and payment bonds  Creates a fund out of savings obtained by limiting bonding requirements for lower tier subcontractors  Allows DBE/SBE’s to compete on subcontracts where bonding could have been a barrier  Reduces obstacles to participation  West Corridor subcontracts valued at $500,000 or less

Evaluation and Monitoring Program Evaluation and Monitoring of eligible DBE/SBE subcontractors provided through Project Management Consultant Team Subcontractors must meet eligibility requirements Monitoring is intended to ensure subcontractor performance

Broker Services Formulates underwriting criteria Formulates method to calculate savings Works with DBE/SBE team to determine bond eligibility Assists in processing claims

Program Benefits Program has broadened participation among DBE/SBE community – an RTD Board objective Increased competition may result in lower bid costs Reduced Guaranteed Maximum Price from General Contractor due to elimination of bond costs Monitoring program should work to reduce and /or eliminate claims

Program Risks No commercial bond against which to file a claim Program inserts RTD into contractor/ subcontractor relationship Fund may be depleted prior to completion of Project Program may not achieve goals