http://dbegoodfaith.com/ | Landing large government contracts can be a huge benefit to a growing company. Many of these contracts require that you meet certain Section 3 requirements which can be difficult. Effectively finding Section 3 subcontractors can allow you to bid on these large projects and put more profits into your pocket in the New Year!
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
How to Find and Solicit Section 3 Subcontractors
1. How to Find and Solicit Section 3 Subcontractors
In order to take advantage of construction contracts granted through HUD and other
locally funded projects, your company must show that at least 25 percent of your
subcontractor’s meet Section 3 requirements. In many cases, this can be difficult since
you need to actively find and solicit these companies to actually become your
subcontractors. DBE Goodfaith can help you find the right subcontractors so you can take
full advantage of these lucrative construction projects.
Understanding the Requirements
Under Section 3 regulations, there are certain requirements that a subcontractor must
meet in order to make you eligible to work on HUD and other local contracts. The
company must have 51 percent ownership by Section 3-eligible residents, or it must have
30 percent of its staff made up of Section 3-eligible residents. Section 3 residents are
defined by HUD as public housing residents and low or very low income residents who
live in an area where a HUD housing development is present.
The purpose of these limitations is to create job and job training opportunities in the
community. Your company can benefit by gaining access to government contracts, and
you can feel good about contributing vital job opportunities to the community where you
do business.
How to Find Section 3 Subcontractors
It isn't necessarily easy to find these subcontractors on your own. You might not even
realize that there are qualified businesses in your area, so you might need some help in
order to find the right subcontractors for your projects. In some cases, you might need to
meet more than just Section 3 requirements. Some locally funded programs require that
you hire certified women-owned businesses or certified minority-owned business that
meet the Section 3 threshold. Placing strategic ads for these businesses can help you find
the right subcontractors for your project, and you won't have to spend a fortune to locate
the best company in your area.
Some contractors use flyers and more traditional advertising to find DBE subcontractors,
but this rarely yields positive results, and you may even find that the people who contact
you do not have qualified businesses. In order to use your marketing dollars more
efficiently, you will want to advertise directly to the businesses you want to hire, and that
is where DBE Good Faith comes in. You will have access to ads placed in an online
business journal, email and fax marketing, and telephone marketing that can help you
attract the right subcontractors, all at a price that won't hurt your budget.
Today's construction industry is highly competitive, and getting access to government
contracts is growing increasingly difficult. In order to snag the jobs you need quickly,
you need to have access to Section 3 subcontractors that can help you qualify for HUD
and locally funded developments. Don't spend your time pounding the pavement to find
2. subcontractors, let outreach services and advertising do the hard work for you. Once you
have access to a quality subcontracting company, you can use them again and again to
land bigger and better contracts for your company.
Description: Landing large government contracts can be a huge benefit to a growing
company. Many of these contracts require that you meet certain Section 3 requirements
which can be difficult. Effectively finding Section 3 subcontractors can allow you to bid
on these large projects and put more profits into your pocket in the New Year!
Bio: At DBE Good Faith, we can help your company find high quality subcontractors
that will allow you to meet stringent Section 3 requirements so that you can bid on large
government projects in your area. Having consistent government contracts can help you
to grow your company and give back to the community at the same time.