S.C. Code Regs. 63-702 - Eligibility for Participation in State DBE Program or Federal DBE Program
A. To be eligible
for the State DBE Program or Federal DBE Program, a firm must be certified by
the Department as a bona fide Disadvantaged Business Enterprise (DBE) pursuant
to the standards and procedures set forth in Regulations
63-703
and 63-704 and 49 CFR Part 26.
B.
After the first year of certification, to continue to be eligible for
participation in the State and Federal DBE Programs, the firm must continue to
meet the requirements of 49 CFR Part 26 and to comply with the standards and
procedures set forth herein. To continue to be eligible for participation in
the State DBE Program, a firm must also meet the following requirements:
(1) A firm must complete twenty hours of
continuing education annually as required in Regulation
63-715;
(2) A firm must take the following steps
toward business development:
(a) Participate
in a needs assessment to determine the management, engineering and financial
levels of the firm;
(b) Establish a
business development plan;
(c)
Annually review with the Department the firm's financial statement, income tax
returns and updated business development plan;
(d) Submit an application for bonding to a
bonding agent at least by the third year of active participation.
(3) No DBE may participate in the
State DBE Program after June 30, 1999, or nine years from the date of the DBE's
first contract, whichever is later, if that DBE performed at least three
million dollars in highway contracts awarded pursuant to the State DBE Program
for four consecutive years while certified as a DBE. DBEs performing less than
three million dollars in highway contracts for four consecutive years may be
eligible for the State DBE Program for additional five year periods, provided
all requirements of the program are met.
C. To bid on set-aside contracts as a prime
or general contractor, an eligible firm must meet the bidding requirements of
prequalification and licensing as set forth in Regulation
63-710.
Notes
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