Small Business Enterprise Program
The Virginia Department of Transportation (VDOT), in accordance with the requirements of the U.S. Department of Transportation 49 CFR Part 26, Section 26.39, has developed a VDOT Small Business Enterprise Program (VSBEP) to ensure that Disadvantaged Business Enterprises (DBEs) and Small, Women and Minority-owned (SWaM) businesses have a maximum opportunity to participate on federally-assisted projects.
The VSBEP is designed to:
- Increase the number of competitively awarded contracts to small businesses
- Maximize contract opportunities
- Minimize contract bundling
- Promote the use of small businesses in VDOT contract and subcontract opportunities.
DBE and SWaM businesses approved to participate in the program, through the Virginia Department of Transportation, will be a member of a limited group of firms eligible to participate in selected federally-assisted contract opportunities set-aside for VSBEP.
Effective July 1, 2013, VDOT will establish small business set-asides on selected federally-assisted construction and consulting projects that have an estimated contract value of $1 million or less and have available certified and prequalified (construction only) DBE and SWaM firms to compete and perform work for each selected project within the geographical area of the project.
Eligibility for VDOT Small Business Enterprise Program
Eligibility criteria for the VDOT Small Business Enterprise Program participation include:
- Business must possess Virginia DBE or SWaM certification.
- Business must be small business as defined by SBA standards. Gross receipts must not exceed average annual gross receipts of $22.41 million over the firm’s previous three fiscal years.
- Business owner(s) must have a personal net worth that does not exceed $1.32 million. Owner’s equity in primary residence and ownership interest in the firm is excluded from the net worth calculation. Personal Financial Statement
- Business must apply/register with VDOT to participate in Small Business Enterprise Program.
VDOT Small Business Enterprise Program Application/Registration
Disadvantaged Business Enterprise (DBE) Registration Virginia-certified DBE firms have already met the eligibility criteria to participate in the Small Business Enterprise Program. However, firms must meet all bidding and proposal solicitation requirements and conditions.
Small, Women and Minority-owned (SWaM) Business Application Virginia-certified SWaM firms must apply to the Small Business Enterprise Program to determine if the firm meets eligibility criteria for participation. Firms approved for the VSBEP must meet all bidding and proposal solicitation requirements and conditions.