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This document is a summary report for payments made to disadvantaged business enterprises under federal-aid contracts, required to be submitted to the Alaska Department of Transportation and Public
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How to fill out montly summary of disadvantaged
How to fill out MONTLY SUMMARY OF DISADVANTAGED BUSINESS ENTERPRISE PARTICIPATION
01
Start by obtaining the Monthly Summary of Disadvantaged Business Enterprise Participation form.
02
Fill in the report month and year at the top of the form.
03
List the name of the project and the project number, if applicable.
04
Enter the name, address, and contact information of the Disadvantaged Business Enterprises (DBEs) that participated.
05
Specify the type of work the DBEs performed and their roles in the project.
06
Document the dollar amounts received by each DBE for their services during the reporting month.
07
Include total participation dollars for all DBEs combined.
08
Sign and date the form at the bottom to certify that the information provided is accurate.
Who needs MONTLY SUMMARY OF DISADVANTAGED BUSINESS ENTERPRISE PARTICIPATION?
01
Businesses seeking to comply with federal or state regulations regarding DBE participation.
02
Contractors working on public projects that require reporting of DBE involvement.
03
Agencies or organizations that monitor and ensure equitable participation of disadvantaged businesses.
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What are the objectives of the DBE program?
Depending on the primary business activity, a firm (including its affiliates) must not have average annual gross receipts over the firm's previous three fiscal years in excess of $30,720,000 ($56,420,000 for airport concessionaires in general with some exceptions).
Is DBE certification worth it?
Businesses often times seek to increase contracting for a variety of reasons, beyond the government mandate. Partnering with a DBE is good for their business for several reasons including: They can diversify their supplier base and tap into new markets. They can get preferred treatment in some bidding situations.
What is a DBE enterprise?
The Disadvantaged Business Enterprise Program (DBE) is a legislatively mandated USDOT program that applies to Federal-aid highway dollars expended on federally-assisted contracts issued by USDOT recipients such as State Transportation Agencies (STAs).
What is a disadvantaged business enterprise?
The DBE program ensures that federally assisted contracts for highway, transit and aviation projects are made available for small business concerns owned and controlled by socially and economically disadvantaged individuals.
What is a disadvantaged business?
A small disadvantaged business (SDB) is a small firm owned by one or more individuals who are socially and economically disadvantaged. SDB status provides eligibility for bidding and benefit programs for Air Force and Federal procurements.
What is DBE used for?
The Disadvantaged Business Enterprise (DBE) Program is a U.S. Department of Transportation (USDOT) program that was established to ensure that firms owned by minorities, women and other socially and economically disadvantaged persons have an equal opportunity to participate in federally assisted projects.
Who is eligible for DBE in NYC?
Only small businesses that are independently owned and controlled in both substance and form by one or more socially and economically disadvantaged persons are eligible for certification. In addition, each socially and economically disadvantaged owner must have a personal net worth less than $2.047 million.
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What is MONTLY SUMMARY OF DISADVANTAGED BUSINESS ENTERPRISE PARTICIPATION?
The Monthly Summary of Disadvantaged Business Enterprise Participation is a report that documents the participation of disadvantaged business enterprises (DBEs) in contracts, showing how much work has been awarded to these businesses over the course of the month.
Who is required to file MONTLY SUMMARY OF DISADVANTAGED BUSINESS ENTERPRISE PARTICIPATION?
Entities that receive federal funding for projects, such as contractors and grantees involved in transportation or infrastructure projects, are typically required to file the Monthly Summary of DBE Participation.
How to fill out MONTLY SUMMARY OF DISADVANTAGED BUSINESS ENTERPRISE PARTICIPATION?
To fill out the Monthly Summary of DBE Participation, one needs to input the total amount of contracts awarded to DBEs, list the specific DBEs involved, provide their certification status, and report on the overall percent of DBE participation related to the total contracts.
What is the purpose of MONTLY SUMMARY OF DISADVANTAGED BUSINESS ENTERPRISE PARTICIPATION?
The purpose of the Monthly Summary of DBE Participation is to ensure transparency and accountability in the utilization of DBEs, promote equal opportunities in federally funded contracts, and track compliance with DBE goals set by the government.
What information must be reported on MONTLY SUMMARY OF DISADVANTAGED BUSINESS ENTERPRISE PARTICIPATION?
The report must include information such as the names of DBEs, the contract amounts awarded to them, the type of work performed, the total contract amount, and the overall percentage of DBE participation in the project.
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