1. Online DBE Certification Application.
All applicants must submit a complete and accurate online DBE certification application in order to be considered for certification. This includes providing all pertinent business information, such as ownership details and financial documents.
2. Required Documentation.
All applicants must provide the necessary paperwork and documents that demonstrate compliance with the certification criteria in order to be considered for certification. This includes providing a business plan, financial statements, and other materials as required by the certifying agency.
3. Business Plan.
All applicants must provide a comprehensive business plan that outlines their goals and objectives in order to successfully complete DBE certification. The business plan should include details such as the company’s mission statement, target markets, and marketing strategies.
4. Financial Information.
Applicants must furnish financial information, including balance sheets and income statements for at least three years of operations (or since inception if less than three years). This helps to show that the applicant is financially stable and able to meet contract requirements.
5. Ownership Profile.
All applicants must submit an ownership profile in which they provide information about their business, including the percentage of ownership held by minority or disadvantaged individuals.
6. Government Requirements.
Applicants must also be familiar with any applicable government requirements regarding DBE certification and must certify that they are in compliance with all such requirements.
7. Third-Party Verification.
A third-party independent verifier may be required to certify that the applicant meets all criteria for certification as a Disadvantaged Business Enterprise. The verification process can range from onsite evaluations to telephone interviews and document reviews, depending on the nature of the application.