SBA Surety Bond Guarantee Program

pigeoneggtrainsΔίκτυα και Επικοινωνίες

24 Οκτ 2013 (πριν από 4 χρόνια και 15 μέρες)

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www.sba.gov

www.sba.gov

Traditional Procurement
Programs


Full and Open Competition


Unrestricted


Small Business Set Aside


Small business set
-
a
-
sides


8(a)


HUBZONE


Service Disabled Veteran Owned


Woman
-
owned Business (Pending)


Prime contractor Sub
-
contract Program



www.sba.gov

Federal Procurement Goals


Federal procurement goals provide agencies with a
strong incentive to look for qualified small
businesses when awarding contracts.


Explore:


SBA Certification Programs


Self
-
certification Programs

www.sba.gov

Special Emphasis Groups


23% overall small business goal


Woman
-
owned small businesses


5% goal


Proposed rule published March 4, 2010


Robust certification in ORCA


Service Disabled Veterans


3% goal


Register in www.vetbiz.gov


Restricted competition


www.sba.gov

SBA Certification Programs


SBA programs assist specific groups in securing
federal contracts:


Historically Underutilized Business Zone
Program (HUBZone)


8(a) Business Development Program


www.sba.gov

Section 8(a) Business
Development Program


Owned and controlled by socially and
economically disadvantaged U.S. Citizens


Personal net worth may not exceed $250,000


51% unconditionally owned by
disadvantaged individuals


Nine years


Two
-
year rule


Automatically certified SDB


https://eweb.sba.gov/gls/dsp_login.cfm

www.sba.gov

HUBZONE Program


Historically Underutilized Business
Zone


Empowerment contracting program


Provide Federal contracting assistance


Increase employment opportunities


Stimulate capital investment


Electronic application


3% goal

www.sba.gov

HUBZONE Program
Requirements


Principal office physical location:


Within one or more qualified census tracts,
or


Qualified non
-
metropolitan counties, or


Federally recognized Indian reservation


Exclusively owned and controlled by
U.S. Citizens


At least 35% of employees reside in a
Hubzone









www.sba.gov

HUBZONE Contractual
Assistance


HUBZONE set
-
aside contracts


Sole source and competitive


Price evaluation preference


Subcontracting opportunities


3% Federal contracting goal


www.sba.gov/hubzone

to apply


https://eweb.sba.gov/gls/dsp_login.cfm

www.sba.gov

How Does the SBA Help Me

Become a Government Contractor?

Procurement Forecasts

-
www.sba.gov/gc

-
Resources and Opportunities

-
Federal Agency Procurement
Forecasts



1. Procurement Forecast



2. Select Agency



www.sba.gov

Training and Counseling Programs


Small Business Training Network


a virtual
campus


Business Opportunities: A Guide to Winning
Federal Contracts


Free, online

how
-
to


courses on federal
procurement procedures


www.sba.gov/training


www.sba.gov

Identify Subcontracting Opportunities


Teaming with a prime contractor can be a
profitable experience.


Experience gained as a subcontractor helps you

in bidding on prime contracts.


SBA

s SUB
-
Net searchable database posts
subcontracting opportunities.


www.sba.gov/gc


SUB
-
NET

www.sba.gov

13

SBA SURETY BOND GUARANTEE

What Contractors Need To Know About Bonding

www.sba.gov

14

SBA’s Role


SBA provides



Bid Bond


Payment Bond


Performance Bond


Gives sureties an incentive to provide
bonding


Strengthens contractors ability


Increases access to contracting
opportunities


SBA assumes percentage of loss

www.sba.gov

15

SBA’s Role Cont’d


Guarantee bonds for contracts up to $2.0 Million




Note:
Under 2009 Recovery Act, up to $5.0 and
$10.0 until September 30, 2010


Reimburse surety for losses incurred


Prior Approval Program


SBA Guarantees 90% of
losses on bonds up to $100,000 on bonds to certified
8(a) and SDB firms; 80% on all other bonds


Preferred Surety Bond (PSB)


70% Guarantee


SBA’s bonds do not cover subcontractors


www.sba.gov

16

SBA Surety Bond Guarantee Program


-

Agent reviews application, recommend to
surety company for approval

-
Package sent to SBA/SBG Area Office for
evaluation

-
SBA issues guarantee to surety company

-
Surety company must be certified by U.S.
Treasury

-
Designed for smaller, less experienced
firms

www.sba.gov

17

Contractor’s Eligibility Requirements


Small business


Independently owned and operated


Possess good reputation


Not debarred or suspended


No default on previously SBA guaranteed bonds


U.S. Citizen or registered legal alien


Ensure satisfactory performance of contract


Contract cannot exceed $2.0 Million
-

Note:
Under
2009 Recovery Act, up to $5.0 and $10.0 until
September 30, 2010


Apply for a specific bond

www.sba.gov

18

Contractor’s Responsibilities


Prequalification Checklist

-
Organizational Chart

-
Resumes

-
Business Plan

-
Work in Progress

-
Continuity or Completion Plan

-
Line of Credit

-
Letters of Recommendation


www.sba.gov

19

What Do Bonds Cost?


No charge for bid bonds


SBA processing fee of $7.29 per thousand
dollars of the guaranteed amount


Surety bond premiums range from one
-
half of
one percent to two percent of the contract
amount


Factors considered: size, type, duration of
project, contractor

www.sba.gov

20


SBA Surety Bond Guarantee Program


Typical Contractor Profile


Start
-
up firms


Under 3 years in business


Marginal financial resources


Working capital


Equity


Losing year okay


Leveraged


No prior bonded project experience


Changing specialty


Marginal credit history


Note
: we provide guarantees to many existing, medium size firms


www.sba.gov

Is Becoming a Government
Contractor Right for You?


Can you spend the time required to
identify agencies and buyers?


Can your business financially support
the costs involved in a government
contract?


Are you prepared to learn and follow the
federal procurement rules?


www.sba.gov

Getting Started


Registering with the
CCR



The
Central Contractor Registration

is an
online database of companies wanting to
do business with the federal government.


Buying agencies can search the
CCR

for
vendors.


Creating and updating your small
business profile in
CCR

gives your firm
access to contracting opportunities.


www.ccr.gov


www.sba.gov

Getting Started


the

Dynamic Small Business Search


From
CCR
, enter your business
profile in SBA

s
Dynamic Small
Business Search

database.


Using the
DSBS
, agencies can
quickly identify potential small
business vendors.


www.sba.gov

Jo Ann Lawrence

Louisiana District Office

365 Canal Street, Suite 2820

New Orleans, LA 70130

jo.lawrence3@sba.gov

504
-
589
-
6688