Tag: URETEKholdings

12Mar 2014

Florida Department of Transportation Announces New Small Business Contracting Strategies

By Robert Armstead

FLORIDA DEPARTMENT OF TRANSPORTATION TAKING STEPS TO SUPPORT SMALL BUSINESS

FLORIDA DEPARTMENT OF TRANSPORTATION

TAKING STEPS TO SUPPORT SMALL BUSINESS

FDOT’S Business Development Initiative (BDI) Helps Grow Small Businesses

 

March 6, 2014                                                                                     Dick Kane, (850)414-4595

dick.kane@dot.state.fl.us

 

TALLAHASSEE – In an effort to help grow small businesses in the state, the Florida Department of Transportation (FDOT) will implement a number of strategies to further support small businesses:

  • Increase the percentage of small business reserved professional services contracts from 10% to 15% (the 10% goal for construction and maintenance contracts will remain the same);
  • ·        Increase the small business reserved project amount threshold from $1 million maximum value to $1.5 million maximum (the BDI project amount originally started at $500,000);
  • ·        Increase the threshold for requiring an overhead audit on professional services contracts from $250,000 to $500,000, which reduces the cost of doing business with the department;
  • ·        Incentivize larger firms to team with Disadvantaged Business Enterprise (DBE) and small businesses…
READ MORE