LOS ANGELES, CA, JUNE 4, 2014 – What will this bring for PacRim? PacRim has found success in obtaining contract as a prime from MTA for the past few years. This news is welcoming as we look forward to the rest of 2014 and upcoming 2015 and beyond!
"The Metro Board of Directors adopted this breakthrough initiative on January 13, 2014 to reserve certain types of contracts for Small Business Enterprises (SBEs) qualified under the appropriate North American Industry Classification System (NAICS) codes. The program, developed in response to mandate by the Federal Transit Administration (FTA) covers competitively negotiated contracts, sealed bids and public works that meet threshold criteria from $3,000 up to $5 million, dependent on the type of procurement. Applicable procurements will be set aside for competition among SBEs when and if there is a competitive pool of three or more SBE firms available to perform the work."