Los Angeles Creates Program to Help Companies Win Public Construction Contracts
Beneficiary of CDABP assistance is Moninder Birdi, owner of Birdi & Associates, Inc.that won multi-million-dollar contracts from Los Angeles World Airports
India-West Staff Reporter
LOS ANGELES, CA – A three-pronged Los Angeles regional program – launched by the City of Los Angeles, Los Angeles County Metro, and the County of Los Angeles — has been created to help small and diverse contractors in bidding and obtaining work on infrastructure development and other publicly funded construction projects.
The regional Contractor Development and Bonding Program will provide bonding assistance, contract financing, technical support, education, training, and other services to under-represented businesses, a press release said.
All three prongs are being administered by Merriwether & Williams Insurance Services which has many years of experience working on public construction contracting and diversity, equity, and inclusion issues statewide.
Bonding and access to contract funding can be major impediments for small and diverse contractors to be able to bid and successfully participate on public works projects. The regional CDABP helps reduce these and other barriers.
For example, the program assists small and diverse businesses in securing bonds by providing collateral guarantees which enable them to bid and qualify for contracts. Also, by increasing access to contract funding, the program addresses the burden of cash flow gaps that exist between the initial cost to prosecute the work and the later receipt of progress payments, gaps that can be 60 days or more. In addition, the CDABP provides extensive business specific technical assistance, training, project completion support, networking and matchmaking facilitation, as well as other contractor support services.
The businesses assisted include disadvantaged, minority, small, women, and disabled veteran owned business enterprise categories. All regional CDABP services are provided at no cost to participants, giving them a more level playing field from which to compete.
“With Congress passing and President Joe Biden signing a $1.2 trillion infrastructure investment plan in November, more opportunities are coming to localities, including the Los Angeles region,” said Merriwether. “If you are a small and diverse business, the new regional CDABP can assist you in competing for upcoming construction contracts. There is an ever-increasing demand for more small, local, and diverse business inclusion in public contracting. We are expanding our outreach, which includes upcoming trainings, workshops, and academies — as well as financial resources. Contact us. We want to hear from you and include you.”
One beneficiary of CDABP assistance is Moninder Birdi, owner of Birdi & Associates, Inc., which specializes in project management, electronic security systems, and software development. Birdi & Associates won multi-million-dollar contracts from Los Angeles World Airports after participating in its CDABP. “The program helped us bid on and win jobs that we previously did not have the capacity to bond for,” Birdi said. “It levels the playing field. It is a DEI program that adds tremendous value to multiple stakeholders. I am pleased by the creation of a regional program. It will collectively benefit many under-represented businesses, the taxpayers, and the Los Angeles region.”
For more information: www.LAConDev.com, email: MWISInfo@imwis.com, or call: 213-258-3000.