The MTA is calling on the feds to open up availability of government contracts to more millionaires as a means of growing its pool of minority-and-women-owned business enterprise (MWBE) vendors.
. The authority often relies to an extent on federal money for some of its biggest projects, like the Second Avenue Subway, East Side Access, and the revitalization of Penn Station.for federal disadvantaged-business-enterprise contractors from $1.32 million to $1.6 million.
“We support efforts to increase the personal net worth cap and think it’s the right direction the federal government is heading in,” said Felice Farber, senior policy director at the General Contractors Association of New York. “If anything, they should make it a larger personal net worth cap in the metropolitan area, because the cost of doing business here is so much higher.
An MTA spokesperson declined to comment beyond Lieber’s Tuesday remarks, including as to whether the MTA is lobbying the federal government on behalf of the proposed cap increase. The MTA ranks number 1 among state agencies in dollars paid to certified MWBEs in the Big Apple, Lieber said at the breakfast, with $1.38 billion being doled out to its pool of contractors in the 2020-21 fiscal year.contract overruns and ballooning project costs. But government watchdogs say that opening up to more firms, even wealthier ones, could make the bidding process more competitive and thus more transparent.
“You want to have as many people bidding on contracts as possible, because that lowers the cost for the MTA and therefore that lowers the cost for the riders,” said Rachael Fauss, policy advisor at the watchdog group Reinvent Albany. “If they raise the threshold for MWBE vendors, that actually means more MWBE can bid on the contracts. And that’s not necessarily a bad thing.”
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