Sunday, January 15, 2017

Things To Know About Certified DBE Firm

By Cynthia Stone


A lot of concerns and questions have been asked by many business owners over the years. They always try to certify companies as DBE or also called as disadvantaged business enterprises. Basically, these firms are either decertified or possibly facing a hard time in getting certified for different reasons. Most often, the state, federal, and local government certifying agencies that need various goods or services for small businesses.

The portion to be paid for the services and goods may also be set aside for businesses owned and supervised by people who are members of any government groups can be considered as socially and economically disadvantaged. Actually, here are tips on how to obtain and maintain a Certified DBE firm. First, you should know and understand your operation.

Understanding what your business is means having all the technical knowledge and expertise to operate your venture. If you own a retail business, for example, you are expected to obtain the necessary permits or licenses, job history, and educational background to run the operation. Hiring staff with the required expertise is inadequate, specifically if the key personnel are men.

Hence, you have to make sure that you can still handle and perform your responsibilities. There are women business owners who allow other people to handle the estimating and bidding jobs. Basically, leaving each function to other employees or owners is a way to have the certification denied.

Be sure to meet specific requirements to qualify for the certification. As the owner, you must have the power to run implement policies and management of your office. Aside from that, you are required to meet the standards as a small organization.

It is always important to own and handle your venture as possible. Running your firm means showing the certifying organization that you truly own one. But borrowing money to build your venture and subcontracting are some of the many reasons for the firm to be denied. Firms in this group must be smart enough in recording how the owner control the operations.

Always remember that it is your responsibility to maintain your eligibility. This is important to keep a proof to participate in the DBE program. Not only you need to meet all requirements but you have to show a proof of your qualifications. Build a continuing procedure for documenting your membership, the level of control, independence and personal network to ensure that you can still continue to join in any future contracts.

Be sure to operate one company. Typically, most of the DBE regulations may also require you to provide your time to the organization. Therefore, having more than one firm at the same time may lead denial or delays. So depending on the businesses and value you own, this may only cause you to exceed the requirements which cause the certification to be delayed or denied.

Avoid indulging to any fraud activities as it only affects your reputation and credibility. Usually, there are situations where an employee is asked by their employer to make an organization so they can take a huge advantage of any available program. But remember, all certifying agencies have access to all documentations so they can still determine if you are telling the truth or not.




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