Headquartered in Juneau, Alaska, Goldbelt’s principal business during the first 20 years was the harvest of timber from its land at Hobart Bay. Since 1994, the corporation has doubled its assets and now operates multiple 8(a) subsidiaries. Goldbelt shareholders collectively hold the entire 272,200 shares of Goldbelt stock, representing assets of approximately $62 Million, plus more than 32,000 acres of land near Juneau, Alaska.
The 1971 Alaska Native Claims Settlement Act (ANCSA) approved by U.S. Congress provided financial and land-distribution rights to ANCs. ANCSA included numerous Special Rights granted to ANC subsidiaries.
Key Special Right: Sole Source ContractingNisga'a TEK is afforded key procurement and technical advantages in supporting our government customers. Primarily, our contract vehicles are Sole Source awards that cannot be challenged and are absent of any dollar threshold.
Sole source is a non-competitive purchase or procurement process accomplished after soliciting and negotiating. Sole Source contracts expedite procurement and delivery of products and services and can be used when other procurement methods are not applicable or unrealistic. Sole source benefits include:
- Shortened acquisition process
- Reduced decision cycle, i.e. time required to award contracts
- Lowered administrative costs
- Improved delivery of products and services.
Teaming with Nisga'a TEK can extend these benefits to partner companies.