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Strategic Objective
EXPAND SMALL BUSINESS OPPORTUNITIES
Strategic Objective
Overview
The Federal government provides opportunities through its acquisitions to small businesses, which include small disadvantaged, women-owned, veteran-owned, service-disabled veteran-owned, and Historically Underutilized Business Zone small business concerns. These small businesses must also have the maximum practicable opportunity to participate in DOT contracts and subcontracts. In compliance with the Small Business Act, we have the responsibility to ensure that small businesses have an opportunity to compete and be selected for a fair amount of the Agency’s contract dollars. We provide various types of assistance to ensure that small businesses have access to transportation-related projects. Through outreach events, we demonstrate a commitment to growing the small business supplier base and increasing their awareness of procurement opportunities.
Read Less...Progress Update
DOT awarded 23% of its direct contracts to small, disadvantaged businesses. This was well in excess of its target of 5%. It also exceeded its 5% target of DOT direct contracts awarded to women-owned businesses by a full percentage point.
