US Department of Transportation (DOT) Bonding Education Program (BEP)

Overview

The Bonding Education Program (BEP) process includes:

Stakeholders Meeting

  • Members of the transportation-related services industry and small business resource providers meet to review the parameters of the BEP implementation in the local market, determine resource requirements, and ascertain the role in which each stakeholder will play in carrying out the educational component and ensuring program’s success.

Educational Workshops Component

  • This component offers a set of comprehensive workshops to include a minimum of 10 hours of instruction:
    • Business and federal transportation project specific workshops; in cooperation with Primes, SBA, MBDA, and other Supportive Services 
    • A variety of topics are covered by industry experts such as, Contracting Law, Accounting, Operations Safety Plan, Proposal Writing, etc.
    • Including a closing workshop focused on networking and next steps

The Bond Readiness Component

  • This component offers one-on-one interactions with local surety bond producers who volunteer to help small businesses. The surety bond professionals will work with the small businesses, on a case-by-case basis, to assemble the materials necessary for a complete bond application, and address any omissions or deficiencies that might impede the successful underwriting of a bond. To deliver this component, the Small Business Transportation Resource Centers (SBTRC) use the network of SBA-approved surety associations to identify surety professionals in each local area, who volunteer to assist the small businesses to become bondable or increase their bonding capacity.

Follow-up and Assistance

  • This component offers coordination and monitoring of technical assistance provided to participants in the program. The SBTRC will help the small business identify and secure bonding for subsequent transportation-related projects. An element of the follow-up assistance may include the match making of program participants to transportation-related contracting opportunities available.
BEP participants will have the opportunity to learn about:
  • Banking relationships
  • Bonding programs
  • Cash flow/financial statements
  • Construction accounting
  • Contract law
  • Financing resources
  • Insurance for contractors
  • Managing growth
  • Marketing
  • Understand overhead costs

Bonding Program Eligibility

To be considered for the program, applicants must be the primary owner(s), key manager(s) or administrator(s) of a business that meet the following criteria:

  • Existing in business for at least (2) consecutive years
  • Revenue of at least $250,000 annually
  • Have a minimum of (2) full time employees (including owner)
  • Past performance in construction industry
  • Pursuing transportation-related contracts
  • Interested in satisfying credit, capacity, and character evaluations in consultation with a surety representative
  • Have one of the following certifications/designations:
    • Small Businesses
    • DBE
    • HubZone
    • SDB
    • Service Disabled Veteran Owned Business
    • Veteran Owned Small Business
    • Women Owned Small Business
    • 8(a)
  • Consultants, developers and engineering firms are not eligible for the program

    The company must also be capable of bidding on DOT-funded projects and commit to attend the series of workshops offered in their region. There is also a registration form that is required for entrance into the program.

    The BEP is offered through DOT’s Office of Small and Disadvantaged Business Utilization and its network of Small Business Transportation Resource Centers (SBTRC) around the country.

Disadvantaged Business Enterprise (DBE) 8(a) Business
Woman-owned Business (WBE) 8(m) Women-owned Business
Minority-owned Business (MBE) Small Business Enterprise (SBE)
Historically Underutilized Business (HUB) HUBZone 
Veteran-Owned Service-Disabled Veteran