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Page 91
Suggested Citation:"Appendix A - Glossary." National Academies of Sciences, Engineering, and Medicine. 2015. A Guidebook for Increasing Diverse and Small Business Participation in Airport Business Opportunities. Washington, DC: The National Academies Press. doi: 10.17226/22220.
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Page 91
Page 92
Suggested Citation:"Appendix A - Glossary." National Academies of Sciences, Engineering, and Medicine. 2015. A Guidebook for Increasing Diverse and Small Business Participation in Airport Business Opportunities. Washington, DC: The National Academies Press. doi: 10.17226/22220.
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Page 92

Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

A-1 Glossary AAAE American Association of Airport Executives. ACDBE Airport Concession Disadvantaged Business Enterprise (as defined in 49 CFR Part 23). Airport Improvement Program (AIP) The U.S. DOT/FAA federal grant program that provides funds to airports to help improve safety and efficiency. AMAC Airport Minority Advisory Council. ARN Airport Revenue News. COMTO Council of Minority Transportation Officials. Construction at Risk A delivery method that entails a commitment by the construction manager to deliver the project within a guaranteed maximum price. DBE Disadvantaged Business Enterprise (as defined in 49 CFR Part 26). DBELO Disadvantaged Business Enterprise Liaison Officer. Direct Leasing A concession management approach in which an airport leases con- cession space to multiple concessionaires. Federal Fiscal Year (FFY) The accounting period for the federal government, which begins October 1 and ends September 30. Focus Group A small number of people brought together with a moderator to discuss a specific issue or topic. Gap Financing The difference between the amount of money a lender will lend and the amount needed to complete a business project. Good Faith Efforts Efforts to achieve an ACDBE or DBE goal or other requirement of 49 CFR Parts 23 and 26 that, by their scope, intensity, and appro- priateness to the objective, can reasonably be expected to meet the program requirement. Kiosk A small, self-contained retail merchandise unit, such as a cart. LBE Local Business Enterprise. Minimum Annual Guarantee (MAG) Minimum amount of rent to be paid annually to an airport by a concessionaire or sometimes by a developer. MBE Minority-owned Business Enterprise. A P P E N D I X A

A-2 A Guidebook for Increasing Diverse and Small Business Participation in Airport Business Opportunities Personal Net Worth (PNW) Total assets minus total liabilities of an individual. Request for Proposals (RFP) Competitive solicitation approach whereby criteria are established and proposals are requested and evaluated against the criteria, with the proposal receiving the highest score declared the winner. Request for Qualifications (RFQ) Competitive solicitation approach that asks vendors to provide their credentials to perform a particular service. SBA The U.S. Small Business Administration, an independent agency of the federal government. SBE Small Business Enterprise. St. Louis Metropolitan Statistical Area St. Louis County; the City of St. Louis; the Missouri counties of St. Charles, Jefferson, Franklin, Lincoln, and Warren; and the Illinois counties of Madison, St. Clair, Clinton, Monroe and Jersey. Unified Certification Program (UCP) A program in a state that provides “one-stop shopping” certification services to small minority- and woman-owned businesses seeking to participate in the U.S. DOT DBE or ACDBE Program. WBE Woman-owned Business Enterprise. WBENC Women’s Business Enterprise National Council.

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TRB’s Airport Cooperative Research Program (ACRP) Report 126: A Guidebook for Increasing Diverse and Small Business Participation in Airport Business Opportunities is a compilation of industry best practices and other measures airports can use to attract and enhance participation in their contract opportunities.

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