CONTRACTOR SUCCESS STORY I
obtain bonding and a PACE finance loan – enabling them to now bid on single projects of up to $ 1.5 million . “ Of course , we do still face challenges today ,” adds Beth , “ such as prequalifying with large general contractors and increasing our bonding capacity . The larger the scope of work , the more capital is required , and it ’ s vital that our financials reflect our ability to do the job . So not only do we have to prove that we have the skills and experience to do the work , but also that we have the cash flow to complete projects .”
Another hurdle for which Fixed Dimensions
Reed of Fixed Dimensions installing cubbies in Westlake received guidance was how to include key provisions and protections in their contracts , such as terms to ensure payment . “ While Adam was good with numbers , our original proposals and contracts were very simple and contained little legal protections ,” recalls Beth . In addition to receiving individualized support , they participated in the CDABP ’ s 2022 Contract Award & Management Academy , a 6-week program on how to understand contractual obligations and how to successfully manage a construction project from contract award through close-out .
Adam and Beth have also learned about the benefits of business certifications . Because Beth is 51 % owner of Fixed Dimensions , with assistance from CDABP staff , they are currently working to get certified as a womanowned business enterprise ( WBE ), and will eventually also seek LA Metro DBE / SBE certification . While they are already creating a strong niche in the affordable housing industry , these certifications will help increase their opportunities to bid and their likelihood of being selected .
In 2021 , Fixed Dimensions was contracted to install a large storage wall with cabinets and cubbies in the Union Rescue Mission ’ s three-story building , where homeless and low-income women and children are not only offered a wide range of emergency services , but are connected with additional support , housing , and employment opportunities to get them back on their feet . Adam and Beth were very impressed with how this one building contained such a sophisticated system of services and support for the most vulnerable . In the last three years , Fixed Dimensions has completed cabinet
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