Full question:
If you could please assist me in getting information on presenting a proposal for a minority business I would like to start. I am presenting it to my place of employment (METRO Washington DC). I would like to install ATM machines at their garages and give them money for rental space which would be $ .20 on every dollar that I make as a profit.
- Category: Corporations
- Date:
- State: District of Columbia
Answer:
According to DC law (RCW 39.19.170), state agencies cannot require a performance bond for public works projects under twenty-five thousand dollars awarded to prequalified and certified minority or woman-owned businesses. To qualify, you must complete a limited prequalification questionnaire that confirms:
- You have adequate financial resources or can secure them.
- You can meet the performance schedule.
- You have experience in the type of work you're performing.
- All equipment used is adequate and functioning, and operators are qualified.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.