CUMULATIVE CDABP STATISTICS
CUMULATIVE CDABP STATISTICS
The statistics below show additional results of CDABP’ s services and support to small contractors. Data shown are cumulative from when the Los Angeles Regional CDABP was launched in 2005.
BID BONDS ISSUED $ 301 million is the total bid bond value, including program specific bonding support, issued to CDABP-enrolled contractors since the program’ s inception; in other words, this bonding support has enabled small local and diverse contractors to bid on and participate in $ 301 million worth of program sponsor projects in which they otherwise would not have been able to take part.
DIRECT COST SAVINGS TO PROGRAM SPONSORS Since the CDABP’ s inception, program sponsors have captured $ 11.6 million in contract cost savings because a CDABP-enrolled contractor, who would not have been able to participate without the program’ s bonding support, bid on and was awarded a sponsor contract. This cost savings is the difference between the actual awarded contract amount and the amount of the second lowest bid; the second lowest bid amount is the contract cost that the sponsor would have incurred has the enrolled CDABP contractor not been able to submit a bid.
FALL 2025 LA CONTRACTOR CONNECTION- 41