If you are starting your contracting business now; you have picked the right time to start! If you are already in the business you probably know what I am saying. I know that if you read the headlines and listen to the news you are probably hearing all kinds of doom and gloom reports. Opportunity is in the market place but you do have to look for it.
Albert Einstein once said “In difficulty and chaos there lies opportunity!”
The advantage of being an Indian owned construction company is that you qualify under the “Indian Preference Act” and you also qualify as a minority business. Almost all municipalities and government agencies have a minority opportunity program.
Most construction projects that are funded by federal dollars require that preference be given to minority business and construction firms.
The challenge for you is to find how you can participate and get on the list of qualified minority contractors!
I recommend that you contact your local municipalities and look for the minority preference office or the Affirmative Action Office. By local municipalities; I am referring to Federal Agencies, State Agencies, County Agencies and all the City Government Agencies. Ask how you can get on their list of qualified contractors or subcontractors.
Most offices and agencies that I have contacted over the years have been very cooperative and happy to help minority contractors to get on board.
I believe that most requests for proposals generally call out a target percentage goal that is targeted for most projects.
You need to remember that the preference act will only get your foot in the door. Once you are able to become part of a project team it is essential that you perform as required by the contract documents.
I will try to guide you in a direction on the different things you need to be aware of in future notes.
Hopefully, you will find this note informative!
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