CDABP TRAININGS
noted that H2H assists with placement on the projects , and , on occasion , originates projects to help companies and their affiliates succeed . The organization has a free job board and helps companies fulfill their contract requirement for VBE and SDVBEs .
Click here to see the full presentation of the “ Connecting with Metro for Disabled Veteran Business Enterprises ” workshop . For more information on Metro ’ s Contractor Development and Bonding Program , visit the program website .
LA Metro Contract Financing Assistance Program Workshop
Los Angeles Metro and Merriwether & Williams Insurance Services ( MWIS ) co-hosted a twopart virtual workshop on October 9 and October 16 , 2023 , to help small business contractors and construction related professional services companies learn more about Metro ’ s Contract Financing Assistance Program ( CFAP ). CFAP provides better access to much-needed working capital for companies that have been awarded new contracts with LA Metro . The CFAP is a component of the Los Angeles Regional Contractor Development and Bonding Program ( CDABP ), which MWIS administers for the City of Los Angeles , Los Angeles Metro , and the County of Los Angeles . The funding from CFAP is not based on a firm ’ s financial position or credit , but instead uses an awarded contract from one of the sponsors to collateralize the loan .
Contract Financing Assistance Program ( CFAP ) Worskshop
Los Angeles County Metropolitan Transportation Authority Contractor Development and Bonding Program ( CDBP )
I NSURANCE SERVICES
The CFAP workshop was presented online and drew a number of contractors and professional services companies interested in improving their cash flow to be able to qualify to work on larger public works projects .
The training workshop featured MWIS ’ John Miller , CFAP Project Manager and Underwriter , and Robert Lowery , Field Support Project Executive , who both gave presentations on how the CFAP works and who is eligible to participate in the program . They also reviewed the necessary documents for loan funding consideration , sharing what makes up a financial statement and a work-in-progress spreadsheet . They capped the workshop with a sample project cash flow projection .
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