Can a small business engineering company be the prime in a joint venture with a C-46 contractor as a sub?
The prime contractor must have a contractors license of the type(s) specified in the Notice to Bidders. The prime must self perform at least 30% of the contract. Q: Bids security is 10% of the bid cost amount. Is this amount of deposit refundable and when? Is it included with retainage? A: If the bid security is a cashiers check, the Department will immediately return the check if the bidder is not one of the three low bidders. If the bidder is one of the three low bidders, the cashiers check will be returned after contract approval. The Department does not return bid bonds. Once the contract is awarded, contact your bonding company. The bid security is not a factor in any contract payment retainage. Q: For these CREB contracts, when is the due date for bid review and submittal? A: The bid due date is specified in the contract advertisement; the Notice to Bidders is on the cover of the bid book. Q: Must we be a small business to apply for these jobs? A: Only contracts less than $250k w
Related Questions
- My business is an established Female Business Enterprise seeking only Joint Venture and Prime Contractor opportunities, can the Alliance assist me?
- Can a small business engineering company be the prime in a joint venture with a C-46 contractor as a sub?
- Can more than one company apply as part of a joint venture/project?
