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COMMERCE BUSINESS DAILY ISSUE OF JULY 13,1995 PSA#1387Federal Highway Administration, Central Federal Lands Highway Division
(HPC-16), P.O. Box 25246, Denver, CO 80225 Y -- HIGHWAY CONSTRUCTION SOL California PFH 7-4(7) DUE 081795 POC
Planning & Coordination, (303)969-5937 This project will conisst of
slide repair, drainage, recycling and resurfacing on 6.0361 miles of
roadway for California PFH 7-4(7), Mendocino Pass Road, Glenn
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.
(0192) Loren Data Corp. http://www.ld.com (SYN# 0181 19950712\Y-0036.SOL)
Y - Construction of Structures and Facilities Index Page
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