Increase Your Bonding Capacity
Becoming bondable is a challenge for many disadvantaged businesses. The United States Department of Transportation (USDOT) Bonding Education Program (BEP) aims to help businesses grow by obtaining or building bonding capacity.
Surety bonds can help your business win contracts by providing your customers with the security that the contract will be completed. Each USDOT BEP includes workshops with industry professionals offering business development and one-on-one sessions with local surety bonding representatives to help small and disadvantaged business owners compile the necessary components to complete a bond application. This program is tailored to businesses competing for transportation-related contracts.
Apply Today!
Massachusetts Tunnels, Roadways and Rail lines Infrastructure Projects
We are accepting applications for the Massachusetts USDOT BEP. Due to limited seating, we strongly recommended you apply ASAP.
Application Deadline: Friday, May 6th 5 p.m. Late applications will not be considered.
Bonding Education Program Criteria
To be considered for the program, applicants must be the primary owner(s), key manager(s) or administrator(s) of a business that meet the following criteria:
- Existing in business for at least (2) consecutive years
- Have a minimum of (2) full-time employees (including owner)
- Pursuing transportation-related contracts
- Revenue of at least $250,000 annually
- Past performance in construction industry
- Interested in satisfying credit, capacity, and character evaluations in consultation with a surety representative
- Have one of the following certifications/designations:
- Small Businesses
- DBE
- HubZone
- SDB
- Service Disabled Veteran Owned Business
- Veteran Owned Small Business
- Women Owned Small Business
- 8(a)
Massachusetts Tunnels, Roadways and Rail lines Infrastructure Projects
Massachusetts Bonding Education Program Schedule
| Session Topic | Date | Time | |
|---|---|---|---|
| 1 | Bonding Process | 05/10/2022 | 3:00pm - 5:00pm |
| 2 | Accounting | 05/12/2022 | 3:00pm - 5:00pm |
| 3 | Legal | 05/17/2022 | 3:00pm - 5:00pm |
| 4 | Safety and Marketing | 05/24/2022 | 3:00pm - 5:00pm |
| 5 | SBA Surety Bond Program | 05/31/2022 | 3:00pm - 5:00pm |
| 6 | Bidding and Estimating | 06/07/2022 | 3:00pm - 5:00pm |
Upcoming Massachusetts
Infrastructure Projects
Start strategizing your bids!
There will be nearly 100 infrastructure projects that will be released within six months. Are you ready? Bondability increases your contract opportunities. The Baker-Polito Administration released a total of $1.56 billion in funding for the implementation of capital improvements on local public ways in Massachusetts.
Is your business positioned to compete and win?
If you want to grow your business, surety bonds are a necessary part of business and part of the prequalification process to bid on construction and transportation projects across the Commonwealth.
The MassDOT has set a 30% Minority and Women Business Enterprise (MWBE) goal, and 20% for Disadvantaged Business Enterprise (DBE).
Participants from our last three programs secured more than $18,225,000 in Bond Capacity.
Make your business more competitive and attractive as a subcontractor, prime or joint venture partner, get guidance on the surety underwriting process, and learn how to grow your business with the backing of a surety's balance sheet.
Apply today!Pursue New Projects with Confidence
As a participant of the USDOT BEP, you will receive:
Surety Bond Resources
Get a prescriptive plan developed to meet the needs of your capacity and capital.
Non-Traditional
Lending Education
Learn how to obtain or increase your credit and get access to capital, technical, financial, and managerial assistance.
Specialized Training
Meet one-on-one with a surety bond professional to assemble and review your bond application.
Testimonials
"I am more prepared. The workshop has literally given me the groundwork that I need to consider beginning the bonding process. The individual professionals presented an overall view of how the various aspects of a business' performance affects its bonding capacity, detailed what I would need to move forward and provided insight into how best to align myself for success!"
-2021 BEP Participant
"The entire team is extremely supportive and genuinely cares about our growth both professional and personal. I found every session to be judgment free, information-rich, and conducive to learning and collaboration. Thank you, guys!"
-2021 BEP Participant
BEP's Mission
The Bonding Education Program's mission is to increase small businesses' economic competitiveness to maximize opportunities by becoming surety bonded and compete for transportation-related contracts through education and resources to understand risk management, safety, workforce development and company capabilities.
The LaGuardia Community College/ Small Business and Entrepreneur Services is a recipient of grant funds from the US Department of Transportation (DOT) Office of Small and Disadvantaged Business Utilization ( OSDBU) to host Northeast Region Small Business Transportation Resource Center (SBTRC). The mission of the SBTRC is to provide technical assistance services to the small and disadvantaged communities to increase the number of small businesses that are prepared to compete for and enter into transportation-related contracts.
The Northeast SBTRC office serves the states:
Connecticut | Massachusetts | Maine | New Hampshire | New York | Rhode Island | Vermont
OUR Partners and Collaborators
