Financial Information
Initially a partnership then incorporated in 1985, American Indian Builders and Suppliers, Inc. can establish necessary financial credibility to meet your needs. Their annual sales are constantly in the seven figure range.
Creative payment techniques are available to establish an excellent, enduring business relationship. American Indian Builders and Suppliers, Inc. is a bondable company and "Supply Bonds" have been provided on specialized larger projects.
For privacy, American Indian Builders and Suppliers, Inc. choose NOT to divulge financial information to Dunn and Bradstreet, but certified current financial statements are available.
American Indian Builders and Suppliers, Inc. must follow the following guidelines to remain certified as a MBE, DBE and WBE supplier.
- Managerial Control
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The owner must display clearly their control over principle, management responsibilities - for example, the authority of negotiation of contract and signature authority for banking services.
Any agreement for support services must be free of language that lessens or impairs the ability of the owner to control or manage the business. - Operational Control
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The owner must have the demonstrable ability to exercise operational control over the activities of the firm.
- Suppliers (Regular Dealers)
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A Supplier is a firm that owns, operates, or maintains a store, warehouse, or other establishment in which the materials or supplies required for the performance of the contract are bought, kept in stock, and regularly sold to the public in the usual course of business. It is a firm that engages in, as its principle business, and in its own name, the purchase and sale of the products in question.
The DBE, MBE and WBE Supplier must assume the actual and contractual responsibility for the provision of the materials and supplies. - Commercially useful function
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The prime contractor is responsible for ensuring that DBE, MBE and WBE performing work on the contract perform a commercially useful function. A DBE, MBE and WBE is considered to perform a commercially useful function when it is responsible for the execution of a distinct element of work on a contract and carries out his responsibilities by actually performing, managing, and supervising the work involved in accordance with normal industry practice.