CDABP BY THE NUMBERS
VALUE OF CFAP APPROVED LOANS
Since CFAP ’ s inception in 2019 , a total of $ 1.52 million in loans have been issued to assist participating contractors with meeting projectspecific cash flow needs .
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 CDABP was launched in 2005 .
BID BONDS ISSUED
$ 279 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 $ 279 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 $ 7.16 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 .
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