Overview
What is New Mexico Subcontractors Bid Depository System Inc?
New Mexico Subcontractors Bid Depository System Inc is a notable entity in the construction industry, headquartered in Albuquerque, New Mexico. Their primary function is to manage the subcontract bidding process, serving the interest of both the construction sector and the public. They specialize in developing bid depository systems, specifically tailored for mechanical and electrical contractors. By facilitating this process, they contribute to the overall efficiency and transparency in the construction industry.
Is New Mexico Subcontractors Bid Depository System Inc legitimate?
New Mexico Subcontractors Bid Depository System Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Mexico Subcontractors Bid Depository System Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
What is the mission statement of New Mexico Subcontractors Bid Depository System Inc?
The New Mexico Subcontractors Bid Depository System serves a dual purpose, benefitting both the construction industry and the public at large. Its primary role involves overseeing the bidding process for subcontractors, particularly in the mechanical and electrical sectors. By implementing bid depository systems, this organization facilitates a more organized and efficient bidding process. The ultimate goal of New Mexico Subcontractors Bid Depository System is to contribute positively to the construction industry as a whole, ultimately benefiting the public.
Who is the CEO of New Mexico Subcontractors Bid Depository System Inc?
Ronda Gilliland-Lopez is the Exec Director of New Mexico Subcontractors Bid Depository System Inc.
What is the revenue of New Mexico Subcontractors Bid Depository System Inc?
New Mexico Subcontractors Bid Depository System Inc's revenue in 2022 was $28,209.
Who are the executives of New Mexico Subcontractors Bid Depository System Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990EZ for New Mexico Subcontractors Bid Depository System Inc?
New Mexico Subcontractors Bid Depository System Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of New Mexico Subcontractors Bid Depository System Inc
New Mexico Subcontractors Bid Depository System, abbreviated as NMSBDS, plays a crucial role in the construction industry by overseeing the subcontract bidding process. This organization operates a specialized bid depository system, tailored specifically for mechanical and electrical contractors. The purpose of this system is to benefit both the construction industry and the public at large. By coordinating the bidding process effectively, NMSBDS contributes to a more streamlined and fair procurement system, ultimately benefiting various stakeholders in the construction sector.
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Impact
October, 2024
New Mexico Subcontractors Bid Depository System Inc positively impacts the construction industry and the public by streamlining the subcontract bidding process. By facilitating a structured environment for mechanical and electrical contractors to connect with general contractors, the organization enhances transparency and competition among bidders. This coordination not only improves the efficiency of the bidding process but also helps ensure that quality contractors are selected for projects, ultimately leading to better construction outcomes.
The organization's efforts in perpetuating bid depository systems foster a collaborative atmosphere that encourages equitable participation among subcontractors. This inclusivity opens doors for a diverse range of contractors, contributing to community improvement through local job creation and enhanced infrastructure. Situated in Albuquerque, NM, the impact of the New Mexico Subcontractors Bid Depository System extends beyond the construction industry, supporting broader economic development and benefiting the public as a whole.
This information is meant to be a general summary of New Mexico Subcontractors Bid Depository System Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18
- Gross Receipts: $28,209
Assets and Liabilities:
- Total Assets: $45,513
- Total Liabilities: $16,914
- Net Assets: $28,599
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Organization Details
Phone
(505) 341-9033Principal Officer
Ronda Gilliland-Lopez
Main Address
4901 CHAPPELL DR NE, ALBUQUERQUE, NM, 87107
NTEE Category
Code: S40 - Community improvement
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