What does the incentive program DBE or SBE participation mean to a contractor?
A. The incentive program has two major benefits to prime contractors. • The program gives the contractors the opportunity to work with newly-certified DBEs. • Prime contractors who use first time, approved DBEs, will receive credit toward their goal percentage equal to the actual dollar amount subcontracted to the DBE or SBE. The total project credit limit is 2 percent of the total bid price not to exceed $200,000.
- How does a prime contractor find out about the required Disadvantaged Business Enterprise (DBE) and Small Business Enterprise (SBE) goals for a NJDOT project?
- What happens if the prime contractor fails to meet the DBE or SBE contract goal obligation?
- What does the incentive program – DBE/ESBE/SBE participation – mean to a contractor?