U.S. Department of Transportation Office of Small and Disadvantaged Business Utilization BONDING EDUCATION PROGRAM (BEP) A partnership with the Surety.

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Presentation transcript:

U.S. Department of Transportation Office of Small and Disadvantaged Business Utilization BONDING EDUCATION PROGRAM (BEP) A partnership with the Surety & Fidelity Association of America Building Sustainable Businesses & Economic Impact

Contractor Development Results Driven Model Program Announcement - April 22, 2010 – Chicago BEP was “piloted” in three regional locations – Chicago, Dallas and Atlanta Industry Partnerships Project Specific Programs Education & Empowerment Industry Culture Change $461 Million Bonding Capacity Success & Metrics

Interagency, mode, public and private sector stakeholder engagement, relationship building and communication Connecting technical resources to infrastructure projects Business Development Program, results driven model Individualized training for program participants Identification of procurement opportunities Prime Contractor Involvement Benefits to the Transportation Industry Use program to conduct outreach measures Increase the pool of viable DBE contractors available in the market Needs of program participants evaluated, monitored and remedied Success of the program participants tracked and reported Localize federal services Program Ownership DOT - Federally Funded Program

Late Entry into the Industry Contract Understanding Prompt Payment Bond Waivers State Bonding Requirements Common Misconceptions

Sustainable Contractors = More Marketable/Competitive More Marketable/Competitive = Increase Contract Opportunities Increase Contract Opportunities = Job Creation Job Creation = Economic Empowerment Economic Development & DBE’s

Prime Contractor Relationships Request for Proposals Public Private Partnerships (P3) Innovation & DBE’s

Q&A

Nyime J. Gilchrist National Bonding Education Program Manager U.S. Department of Transportation Office of the Secretary Office of Small and Disadvantaged Business Utilization 1200 New Jersey Avenue, SE Washington, DC Tel: