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COMMERCE BUSINESS DAILY ISSUE OF JULY 29,1997 PSA#1897Federal Highway Administration, Central Federal Lands Highway Division
(HPA-16), 555 Zang St., Lakewood, CO 80228 Y -- HIGHWAY CONSTRUCTION SOL California PRA-SEQU 10(3) DUE 090397 POC
Program & Administration, (303)969-5937 This project will consits of
grading, drainage, hot asphalt concrete pavement, retaining walls, and
under-ground electrical utilities on 3.850 Kilometers of roadway in
Sequoia National Park, Tulare County -- Estimated price range is
between $5,000,000 and $10,000,000. The Department of Transportation
(DOT) Office of Small and Disadvantaged Business Utilization (OSDBU),
has programs to assist minority, women-owned and disadvantaged business
enterprises to acquire short-term working capital and bonding
assistance for transportation-related contracts. This is applicable to
any eligible prime or subcontract at any tier. The DOT Bonding
Assistance Program enables firms to apply for bid, performance and
payment bonds up to $1.0 million per contract. The DOT provides an 80%
guaranty on the bond amount to a surety against losses. Loans are also
available under the DOT Short Term Lending Program (STLP) at prime
interest rates to provide accounts receivable financing. The maximum
line of credit is $500,000. For further information and applicable
forms concerning the Bonding Assistance Program and/or the STLP, please
call (800)532-1169. (0206) Loren Data Corp. http://www.ld.com (SYN# 0175 19970729\Y-0018.SOL)
Y - Construction of Structures and Facilities Index Page
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