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The Oklahoma Department of Transportation (ODOT) is launching a Small Business Program (SBP) for the benefit and growth of those firms that may not qualify as a Disadvantaged Business Enterprise (DBE), but do qualify as a small business according to the Small Business Administration size standards. This certification is applicable to firms which bid or perform work on U.S. Department of Transportation (U.S. DOT) funded projects, and applies to all U.S. DOT recipients who are members of the Oklahoma Unified Certification Program (OUCP).
A small business is one that qualifies under the criteria and size standards in Title 13, Code of Federal Regulations, part 121 (13 CFR 121). Size standards have been established based on a firm's North American Industry Classification System (NAICS) code. Even if a firm meets the requirements of this section it is not eligible if it (including its affiliates) has had average annual gross receipts, as defined by SBA regulations, over the firm's previous three fiscal years, in excess of $22.41 million. This is a cap set by the U.S. Secretary of Transportation and is adjusted based upon inflation.
A small business must be:
Each firm will be evaluated to ensure it's ability to perform a commercially useful function on U.S. DOT related contracts. Firms will be certified in specific work categories, as determined by their NAICS codes.
Certification will require submitting a brief application and supporting documentation to substantiate that the firm meets the eligibility criteria. If certified, a list of firms will be maintained in the ODOT Civil Rights Division, External Programs.
A North American Industry Classification System (NAICS) code is used by small businesses for administrative, contracting, and tax purposes. The code classifies the economic sector, industry, and country of your business, according to your economic activity.
A NAICS code consists of six digits. The first two digits indicate your economic sector, the third digit is your industry subsector, the fourth digit refers to your industry group, the fifth digit refers to your industry and the sixth digit specifies an industry that is specific to the U.S., Canada, or Mexico.
Determining Business Size
One of the first steps to participate in the OUCP SBP is to accurately determine if you can qualify as a small business under SBA size standards. The program only applies to firms which participate in U.S. DOT assisted contracts. You need to select the NAICS code(s) that best describe(s) your business and then determine if the business meets the size standards for the selected NAICS code(s). SBA size standards are stated either in number of employees over the past 12 months or average annual gross receipts over the past three years, depending on your firm’s NAICS code(s). Even if your firm meets SBA criteria if still must be under the USDOT cap which is currently $22.41 million.
The steps are simple to determine your size:
Application ProcessDownload the complete application here.