Bonding Assistance Program
Active
- Assistance listing
- 20.904
- Agency
-
Immediate Office of the Secretary of Transportation
Department of Transportation
- Grant awards
- 5 $50,985 in federal obligations
Program facts
- Assistance types
-
- Formula Grant
- Project Grant
- Eligible applicants
-
- Profit organization
- Minority group
- Beneficiaries
-
- Small business
- Treasury account
-
- 69-0102-0-0-119
- More information
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The Department of Transportation's Bonding Assistance Program (CFDA 20.904) funds bonding assistance for small disadvantaged businesses pursuing transportation-related construction contracts, with the most recent grant award issued on March 1, 2010.
This program is not actively disbursing awards. The grant award portfolio shows five total awards made in 2010, all ARRA-funded, with a combined federal obligation of $51 thousand across Formula Grants (60% of awards) and Project Grants (40%). No grant awards have been documented since March 2010, and no recent grant opportunities are listed as open.
The program funds bonding assistance and reimbursement services designed to help small disadvantaged businesses become bondable for transportation contracts. Per the recent awards, this includes DBE ARRA bonding reimbursement (Formula Grant BAP201007, $30,612) and bonding assistance program support (Formula Grants SSB400897 and SSB400898, $7,325 and $6,292 respectively). The program is structured as a partnership between the Department of Transportation Office of Small Business Utilization and its network of Small Business Transportation Resource Centers, with technical assistance services provided until participants no longer require them or lose eligibility.
Eligible applicants must be construction contractors certified as small and disadvantaged businesses (8(a), SDB, DBE, WOB, HubZone, SDVOB, or VOSB) with at least two consecutive years in business, minimum annual revenue of $250 thousand, at least two full-time employees (including owner), documented past performance in construction, and interest in pursuing transportation contracts. Consultants, developers, and engineering firms are not eligible. Participants must work directly with surety representatives to satisfy credit, capacity, and character evaluations.
The program is administered exclusively through the Department of Transportation, which funded all five documented awards. Given the absence of awards since 2010 and no posted grant opportunities, this program appears inactive for business development purposes.
Objective and description
- Objective
To encourage, promote, and assist minority entrepreneurs and businesses in getting transportation-related contracts, subcontracts, and projects by providing bonding assistance to obtain bid, payment, and performance bonds.
Eligibility
- Applicant eligibility
The participant in bonding assistance program must be a construction contractor whom is or in the process of becoming certified as small and disadvantaged business to perform work on transportation-related project. Hereafter, the term small and disadvantaged business will refer to: 8(a), small disadvantaged business (SDB), disadvantaged business enterprises (DBE), women owned small business (WOB), HubZone, service disabled veteran owned business (SDVOB), and veteran owned small business (VOSB). Additional requirements include: • To be considered for the program, applicants must be the primary owner(s), key manager(s) or administrator(s) of a business that meet the following criteria: • Existing in business for at least (2) consecutive years • Revenue of at least $250,000 annually • Have a minimum of (2) full time employees (including owner) • Past performance in construction industry • Pursuing transportation-related contracts • Interested in satisfying credit, capacity and character evaluations in consultation with a surety representative • Consultants, developers and engineering firms are not eligible for the program
- Beneficiary eligibility
The recipient of bonding assistance must be a small and disadvantaged business. Bonding Assistance provided under the American Recovery and Reinvestment Act of 2009 (ARRA) is only available to Disadvantaged Business Enterprises (DBE) certified under 49 Code of Federal Regulations Part 26.
- Credentials and documentation
The recipient of bonding assistance must provide proof of certification by the certifying agency.
- Uses of assistance
The Bonding Assistance Program is an all-inclusive, hands-on, multi-component program designed to address the credit, character, and capacity needs of the small disadvantaged business community in order to become bond-ready, increase capacity, and compete for and participate on transportation-related contracts.
- Length and time phasing of assistance
Provision of Specialized Services/Technical Assistance: Services are provided until they are no longer required by the participant or the participant is no longer eligible.
How to apply
- Application procedure
In partnership with the surety industry, the Bonding Assistance Program is designed to individually identify and address key factors for the bondability of small disadvantaged businesses and is offered through USDOT OSDBU and its network of Small Business Transportation Resource Centers (SBTRC) around the country. Contractors who are interested in participating in the program are encouraged to contact the National Bonding Program M anger to enroll in a local program.
- Time to approval or disapproval
Provision of Specialized Services/Technical Assistance: The goal to help the small businesses become bond ready.
Grant awards
| Award | Recipient | Federal obligations | Awarded |
|---|---|---|---|
| Arra STM-0999(7) NC HWY 66 sidewalk improvements | — | $1,944 | |
| Bonding assistance program | AOS Specialty Contractors Inc. | $6,292 | |
| Bonding assistance program | AOS Specialty Contractors Inc. | $7,325 | |
| DBE arra bond reimbursement | Reyes Group LTD | $30,612 | |
| DBE arra bonding reimbursement program | — | $4,812 |
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Reyes Group LTD | $30,612 | 60% |
| 2 | AOS Specialty Contractors Inc. | $13,617 | 27% |
2 of 3 recipients listed here. See the rest on GovTribe.
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2010 | $50,985 |
Quick answers
What is Assistance Listing 20.904?
Assistance Listing 20.904 is Bonding Assistance Program, a federal grant program run by Immediate Office of the Secretary of Transportation (Department of Transportation).
What is the CFDA number for Bonding Assistance Program?
Its CFDA number is 20.904: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 20.904 awarded?
5 grant awards under 20.904 have obligated $50,985 in federal funds to 3 recipients.
Who receives the most funding from 20.904?
The recipients obligated the most under Bonding Assistance Program are Reyes Group LTD ($30,612) and AOS Specialty Contractors Inc. ($13,617).
On GovTribe
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