Thursday 21 September 2017

The Eligibility Requirements For Becoming A Certified DBE Firm

By Steven Smith


There has been the need for setting up suitable measures to control the social prejudice that is prevalent today. For this reason, the DBE programs have been introduced to protect the interest of the minority and vulnerable groups that are under toil. These people can come up with different businesses which will be offered some suitable operational favors. However, they are required to qualify before they become a certified DBE firm.

This is a program that ensures the socially disadvantaged and minority groups get their say. They are given a chance to do their investments and businesses, which are given some favors and suitable environment for operation. The government ensures these groups are protected, and nothing emerges to stop their operation and progress as far as they comply with the requirements set.

For proper certification, all the set regulations and needs must be fulfilled. It is necessary for the applicants to be the minority group which is socially marginalized. If they all belong to this caliber, then that it is some progress towards getting the accreditation they are after. If this requirement is not met, then the process cannot be completed.

The proposal they have of the business they are already running should be profit oriented. It must be aimed at making some considerable profits in the end, and not just run without any profits. This program only favors and works well with the plans which are aimed at making profits and develop the economy considerably.

The size of a firm is required to be within some range which is not too high. There is some set limit that must be met by the applicants and the assets of the firm. If it exceeds the range, then it does not qualify. It only qualifies if the range is below the set limit so that it is supported and given a chance to rise.

The control of a firm is expected to be done by the applicants and the members involved. It should be an autonomy of its own without the interference of another firm or business. The concerned authority, therefore, carries out the thorough scrutiny to establish the relevant control of the business to ascertain that it is independent.

There are some position and roles which need to be done by qualified personnel. These groups are required to have the requisite experts who will make the process effective and perfect as it is expected. They should show much potential for their progress and increased performance in the field before they are granted the coveted recognition.

Finally, the applicants and the other concerned members are required to have licenses for the different areas. The property they have should have the suitable deeds for ownership, they should have bonding in place and as well have accredited personnel in the different professional fields they need to run. If they meet all these needs, then the certification is duly granted.




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