The Bonding Education Program (BEP) process includes:
Stakeholders meeting
We meet with you to review the parameters of the BEP implementation in the local market, determine resource requirements and ascertain the role each stakeholder will play in carrying out the educational component and ensuring the program’s success.
Educational Workshops Component
Through a set of comprehensive workshops– your business receive 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 covered by industry experts, such as, contracting law, accounting, operations safety plan, proposal writing, etc.
- A closing workshop focused on networking and next steps
Bond-Readiness Component
We facilitate offers one-on-one interactions for your company with local surety bond producers who volunteer to help small businesses. The surety bond professionals work with each small business, 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 successful underwriting of a bond. This is delivered through a network of SBA-approved surety associations that identify local surety professionals in your local area who volunteer help to become bondable or increase your bonding capacity.
Follow-up and Assistance
We coordinate and monitor the technical assistance provided to participants in the program. This includes helping you identify and secure bonding for subsequent transportation-related projects. An element of the follow-up assistance may include matching program participants to available transportation-related contracting opportunities.
Source:
https://www.transportation.gov/osdbu/financial-assistance/bonding-education/details-bonding-education-program