Bonding Assistance Program

To enhance and further the opportunity for Small and Disadvantaged Business Enterprises (SDBEs) to obtain bid, performance and payment bonds for transportation-related contracts emanating from the DOT, its grantees, recipients, their contractors and subcontractors.



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. $ 7,325   2010-02-232010-06-30
Aos Specialty Contractors, Inc. $ 6,292   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

During the last 3 fiscal years, an average of 70 performance and payment bonds were issued annually, averaging a total of $15 million a year.

Uses and Use Restrictions

The bonds are issued in support of transportation-related contracts.

Transportation-related means a contract for the maintenance, rehabilitation, restructuring, improvement, or revitalization of any of the Nation's modes of transportation with any public or commercial provider of transportation or any Federal, State or local transportation agency.

Eligibility Requirements

Applicant Eligibility

The recipient of a bond must be a certified DBE, minority-owned business enterprise or women-owned business enterprise.

These certifications must be performed by an agency using DOT guidelines, 49 CFR Part 26.

All firms certified by the Small Business Administration as 8(a) companies are eligible to participate in the DOT Bonding program.

Beneficiary Eligibility

Certified minority, women-owned and disadvantaged business enterprises.

Credentials/Documentation

Application and supplemental information, including a certification letter from the recipient agency(s), using DOT guidelines 49 CFR Part 26.

Aplication and Award Process

Preapplication Coordination

Information and consultation is available from the Office of Small and Disadvantaged Business Utilization (OSDBU), Telephone: (202) 366-1169.

This program is excluded from coverage under E.O.

12372.

Application Procedures

Completed applications should be submitted to Pilot Bonding Program Agents for underwriting and bonds are issued by one of DOT's Participating Sureties. Applicants may obtain a copy of the application and a list for the Pilot Bonding Agents on the OSDBU internet site at: http://osdbuweb.dot.gov or by contacting OSDBU.

Award Procedures

All bonds are approved and issued directly to the DBE by the Sureties.

Deadlines

Based upon bid or contract documents.

Authorization

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

Range of Approval/Disapproval Time

Bonds are issued on-site by local agents as representatives of the Sureties.

Appeals

Not applicable.

Renewals

Bonds are issued on a project by project basis.

Assistance Considerations

Formula and Matching Requirements

Not applicable.

Length and Time Phasing of Assistance

Guarantees run to termination of bond (usually 1 year after completion of contract).

Post Assistance Requirements

Reports

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

Audits

DOT has the right to audit its accounts with the Participating Sureties.

Records

OSDBU and the surety agents maintain records of current applicant files, such as approvals. Bond approvals will be maintained by the participating sureties, with a copy provided to DOT.

Financial Information

Account Identification

69-0102-0-1-407.

Obigations

FY 07 est not available; FY 08 est not available; and FY 09 est not reported.

Range and Average of Financial Assistance

Average dollar amount of bonds issued is $330,000.

Regulations, Guidelines, and Literature

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

Information Contacts

Regional or Local Office

Not applicable.

Headquarters Office

Office of Small and Disadvantaged Business Utilization, S-40, Office of the Secretary, Department of Transportation, 400 Seventh Street, SW., Washington, DC 20590. Contact: Bonding Manager. Telephone: (800) 532-1169 or (202) 366-2852. Website: http://osdbuweb.dot.gov.

Criteria for Selecting Proposals

Not applicable.



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Edited by: Michael Saunders

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