Did you know that 10% of $1 billion worth of contracted work from FDOT is set aside for Disadvantaged Business Enterprises (DBEs)?
Before submitting a proposal for DBE work, it is critical to accurately map out job costs. Some businesses mistakenly bid as low as possible hoping to get the job and aren’t able to cover the extra expenses that inevitably come up or overlook hidden costs like labor burden.
Remember, the total cost of labor = wages (what you are paying your employees) + labor burden (costs like insurance, vacation and bonuses). Double check payroll records and insurance records for accuracy.