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DOT Finalizes Changes to Disadvantaged Business Program


The Department of Transportation has issued a final rule that makes extensive changes to its Disadvantaged Business Enterprise Program. Under DOT's regulations at 49 CFR Part 26, a DBE is a for-profit small business concern that meets ownership and control requirements (49 CFR 26.5). Recipients of certain federal funds that let DOT-assisted contracts must have a DBE program (49 CFR 26.21) and aspire to a goal of expending at least ten percent of authorized funds with DBEs (46 CFR 26.41). The rule increases accountability for recipients with respect to meeting overall goals, modifies and updates certification requirements, adjusts the personal net worth threshold for inflation to $1.32 million, provides for expedited interstate certification, adds provisions to foster small business participation, and improves post-award oversight. The rule is effective February 28, 2011. For the text of the rule, see 76 FR 5083.






















































 






 

 

(The news featured above is a selection from the news covered in the Government Contracts Report Letter, which is published weekly and distributed to subscribers of the Government Contracts Reporter. )

     
  
 

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