S.C. Code Regs. § § 63-702
Current through Register Vol. 48, No. 11, November 22, 2024
Section 63-702 - Eligibility for Participation in State DBE Program or Federal DBE ProgramA. To be eligible for the State DBE Program or Federal DBE Program, a firm must be certified by the Department as a bona fide Disadvantaged Business Enterprise (DBE) pursuant to the standards and procedures set forth in Regulations 63-703 and 63-704 and 49 CFR Part 26.B. After the first year of certification, to continue to be eligible for participation in the State and Federal DBE Programs, the firm must continue to meet the requirements of 49 CFR Part 26 and to comply with the standards and procedures set forth herein. To continue to be eligible for participation in the State DBE Program, a firm must also meet the following requirements: (1) A firm must complete twenty hours of continuing education annually as required in Regulation 63-715;(2) A firm must take the following steps toward business development: (a) Participate in a needs assessment to determine the management, engineering and financial levels of the firm;(b) Establish a business development plan;(c) Annually review with the Department the firm's financial statement, income tax returns and updated business development plan;(d) Submit an application for bonding to a bonding agent at least by the third year of active participation.(3) No DBE may participate in the State DBE Program after June 30, 1999, or nine years from the date of the DBE's first contract, whichever is later, if that DBE performed at least three million dollars in highway contracts awarded pursuant to the State DBE Program for four consecutive years while certified as a DBE. DBEs performing less than three million dollars in highway contracts for four consecutive years may be eligible for the State DBE Program for additional five year periods, provided all requirements of the program are met.C. To bid on set-aside contracts as a prime or general contractor, an eligible firm must meet the bidding requirements of prequalification and licensing as set forth in Regulation 63-710.Added by State Register Volume 16, Issue No. 6, eff June 26, 1992. Amended by State Register Volume 24, Issue No. 4, eff April 28, 2000.