Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Procurement Small Business topic
No spam. Unsubscribe anytime.
Authority reports 181 active contracts worth $12.6 billion; small-business participation edges up
Summary
The finance update showed 181 active contracts valued at $12.6 billion and modest gains in small-business utilization metrics, including a rise from 23.2% to 24.8% for small-business utilization and increases in DBE and DVBE participants.
The committee reviewed contract and procurement metrics in the CFO’s presentation on Oct. 9. Staff reported 181 active contracts with an aggregate contract value of about $12.6 billion and introduced a new metric showing remaining contract commitments (just over $3.0 billion).
Matalka said the authority’s top five remaining contracts include the CP1 and CP2 design-builders, the LA Metro support contract for LAUS Phase 1, and the program-delivery support contract. He also discussed small-business performance metrics: the authority said it exceeded pre-Nov. 2023 goals for Disadvantaged Business Enterprise (DBE) and Disabled Veteran Business Enterprise (DVBE) participation, and small-business utilization rose to 24.8% (from 23.2% previously), a 7% growth relative to the prior report.
The presentation showed 941 small businesses working on the project, an increase of five businesses since the last report; of those, 329 are DBEs and 118 are certified DVBEs (one additional business added in each category since the last report). Staff said professional services contracts let under the post-Nov. 2023 goals show a "TBD" placeholder until invoices are submitted under the new criteria.
Why it matters: Contract volume and small-business participation are key procurement and equity metrics. The authority is tracking remaining commitments, large prime contractors and small-business engagement as construction and procurements continue to ramp.
Committee members did not take formal action on contract-specific items during the meeting; staff said they will continue to report small-business KPIs and update the post-Nov. 2023 metrics as invoice data become available.
