3. A project is federally funded and has a DBE goal of 5.0%. The total contract cost- $200,000. Given the following information, answer the questions. Show all calculations Prime Contractor Subcontractor Bid on Subcontract Quote to Prime Work Item DBE? Structures, Rem $40,000 Traffic Contro $6,000 Silt Fence Slope Restoration $3,000 Contractor $30,000 $5,000 $1,500 $3,000 No Yes Yes Yes $2,000 a. (1 point) Does the contractor meet the MDOT subcontracting requirements of 108.01 by performing the required amount of work with their own organization? Why or why not? YES or NO b. (1 point) Is the DBE goal met? Why or why not? YES or NO 3. A project is federally funded and has a DBE goal of 5.0%. The total contract cost- $200,000. Given the following information, answer the questions. Show all calculations Prime Contractor Subcontractor Bid on Subcontract Quote to Prime Work Item DBE? Structures, Rem $40,000 Traffic Contro $6,000 Silt Fence Slope Restoration $3,000 Contractor $30,000 $5,000 $1,500 $3,000 No Yes Yes Yes $2,000 a. (1 point) Does the contractor meet the MDOT subcontracting requirements of 108.01 by performing the required amount of work with their own organization? Why or why not? YES or NO b. (1 point) Is the DBE goal met? Why or why not? YES or NO