Contractors

Contractors. A contractor/applicant must meet the following criteria: A. Be in the construction or building trades business. B. Be a certified business enterprise, Minority-Owned Business Enterprise (MBE) or Woman-Owned Business Enterprise (WBE) through the Minority and Small Business Development Division (MSBDD) of MDA. C. Have been in business at least one year prior to application. D. Have its principal place of business located in the state of Mississippi. E. Meet experience and financial standards appropriate to the contract. F. Agree to subcontract no more than seventy-five (75%) of a qualified contract. G. Show reasonable evidence of inability to secure bonding in the general market. H. At the discretion of the Surety Bonding Committee, agree to attend instructional courses designed by the Mississippi Development Authority's Minority & Small Business Development Division and the selected surety company to meet general requirements leading to independence in securing bonding and contractor licensing. The committee may waive all or selected courses based on an assessment of the level of competency of the participant The classes will be conducted over a 13-week period (one 3 hour class per week). The courses will be conducted by professionals in the related fields of expertise and include the following: Week 1: Business Planning and Organization Week 2: Risk Management Week 3: Estimating Week 4: Dispute Management Week 5: Scheduling Week 6: Occupational Safety Week 7: Finance and Business Management Week 8: Conflict Resolution Week 9: Contract Management Week 10: Surety Bonding Week 11: Equipment Management Week 12: Written Communication Week 13: General Contractors State Licensing Preparation Optional: Contractor Exam Review The courses will be available statewide through utilizing the resources of the Mississippi Community Colleges and Universities and other resource partners. The courses will be provided at a nominal cost to the participant. For course completion, no more than three absences will be permitted, not including the optional session (Exam Review).