Clearinghouse Program FAQ’s

The Answers:

 

Do I need to complete an application?

  • A: Yes, OAME screens all applicants.

Is there an application fee?

  • A: No, this is a free service to COBID certified OAME members.

How long is my application valid?

  • A: You will be asked annually to update information and/or report as soon as anything changes on your application.

Am I guaranteed a project by signing up?

  • A: There is no guarantee of work, but no possibilities if you are not signed up.

Why do I need to share my financials?

  • A: This information is used as a diagnosis of your business and to assess where assistance is needed for planning purposes. 

Do I need insurance if I am a professional engineer, architect, accountant, etc?

  • A: Yes, professional liability is needed to ensure you are protected from incidents or claims that may occur. Please consult with your insurance agent for costs.

Why do I need to provide a proof of insurance?

  • A:  In order to ensure your company is insured to the required level and able to provide annual evidence of coverage.

Why do I need to disclose my bonding capacity?

  • A: To understand your company’s capacity and ability.

Will my information be kept confidential?

  • A: Always.

Do I need to be certified?

  • A: Yes, This provides an avenue for OAME and its clients to know where their MWESB dollars are spent.

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