Steps to Success
Once You are Certified
Once a firm has been certified, the Southwest TAAC will help secure the benefits it desires. The preparation for assistance consists of two documents describing the company’s needs: a diagnostic analysis and a recovery strategy or an adjustment plan. The government will routinely pay 75 percent of the cost of developing a diagnostic analysis and the adjustment plan, but they must be submitted within two years of the date of certification.
DIAGNOSTIC ANALYSIS
The Southwest TAAC will prepare a diagnostic analysis of the firm’s operations by examining its internal and external operating environments. The report will provide the groundwork on which the adjustment plan will be built.
ADJUSTMENT PLAN
The adjustment plan is a written report showing that the firm is aware of its strengths, weaknesses and potential problems, and has a clear, credible and rational strategy for recovery. The plan will identify specific actions the firm wishes a consultant to take on its behalf. Each plan is unique to each firm and the consulting projects recommended in the plan are specific to each firm based on its needs.
The completed adjustment plan and the diagnostic analysis are submitted to the U.S. Department of Commerce for final approval before implementation. Acting as a liaison between DoC and the client firm, the Southwest TAAC has the experience and training to facilitate the approval of the plan. Should changes be required, a TAAC staff will work with the company to ensure quick turnaround.
IMPLEMENTATION
After approval, the Southwest TAAC will solicit and receive bids from potential consultants, transmit the responses to company management for evaluation, prepare a contract for the company, University, and selected consultant. Southwest TACC staff will monitor the consultant as he/she works under management direction to carry out the specific actions of the plan. Once the adjustment plan is approved, implementation must start within six months.


