DASNY’s Capital Management Plan -Providing assistance for MWBE/SDVOB on your Projects

FREE to ATTEND

For many diverse vendors, it can be difficult to become prime contractors because they are unable to access affordable capital and qualify for surety bonding. DASNY’s Capital Management Plan helps New York’s MWBE and SDVOB contractors become prime contractors on DASNY construction contracts.

The DASNY Capital Management Plan (CMP) helps MWBE/SDVOB contractors grow their businesses and succeed at both bidding and execution. The program:

• Offers access to construction, plumbing and electrical suppliers who will offer competitive terms and pricing to participants who are low bidders and subcontractors on DASNY projects.
• Provides contractors access to capital needed to qualify for surety bonding which is required for all contracts over $100,000.
• Offers back office supports, including financial management and funds control, to ensure timely payments on all project-related expenses.
• Delivers training to help contractors build capacity to manage larger projects.
• This program can also be utilized for MWBE/SDVOB subcontractors working on DASNY projects who require project specific capital access for items such as payroll, change orders, subcontractors/suppliers, PLA benefit payments.
• CMP can be utilized on projects outside of DASNY which include but not limited to construction delivery systems such as: Design Build, Design Bid Build, CM@ Risk, P3’s.

This unique program is supported with an initial investment of $10 million by the non-profit Local Initiatives Support Corporation (LISC) NYC for DASNY projects. The funding creates a revolving loan fund for MWBE/SDVOB contractors to secure surety bonding to bid on DASNY projects as prime contractors and subcontractors as needed. The CMP program is administered by DASNY, in partnership with The Cayemitte Group, an MBE certified full-service insurance and surety bond brokerage.

Click here to register.