Jump to content
Attention: In order to reply to messages, create topics, have access to other features of the community you must sign up for an account.
Sign in to follow this  
Ron2themax

NJ Transit increases DBE participation goal

Recommended Posts

Courtesy of Metro Magazine

 

 

NJ TRANSIT's increased goal for Disadvantaged Business Enterprises (DBE) for Federal Fiscal Years (FFY) 2020-2022 of 21.87% is now in effect. The goal of 21.87% is on the total federal financial assistance that NJ TRANSIT will expend on Federal Transit Administration (FTA) funded contracts, over the next three years.

“It’s just one example of how we’re focused on developing a larger pool of qualified contractors who represent the diversity of the business community and the region we serve,” said NJ TRANSIT President & CEO Kevin Corbett. “We have so much talent in New Jersey and it’s in our best interest as an organization to cast as wide a net as possible. We want to ensure that all qualified businesses have the opportunity to participate in the procurement process.”

In April, NJ TRANSIT held a public meeting where it announced its DBE goals for FFY 2020-2022. The agency took public comment at the meeting and engaged in a 30-day public comment period. At the meeting, prime contractors, small businesses, and DBE’s had the opportunity to hear about upcoming capital construction projects. NJ TRANSIT has $2.7 billion projected FTA-assisted contracting projects for FFY 2020-2022.

Last year, NJ TRANSIT awarded $165 million in FTA funded contracts, and of that amount $31 million was awarded to DBE firms, representing a DBE participation rate of 19% for the year.

This year, instead of hiring an outside firm to help create the new DBE goal, the project was accomplished in house, saving NJ TRANSIT $100,000.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.