Diverse Spend Reporting. If the total value of the Contract may exceed $500,000, including all extension options, Contractor must track and report, on a quarterly basis, the amount paid to diverse businesses both: 1) directly to subcontractors performing under the Contract, and 2) indirectly to diverse businesses that provide supplies/services to your company (in proportion to the revenue from this Contract compared to Contractor’s overall revenue). When this applies, Contractor will register in a free portal to help report the Tier 2 diverse spend, and the requirement continues as long as the Contract is in effect.
Appears in 105 contracts
Samples: State of Minnesota, Master Agreement, State of Minnesota Contract
Diverse Spend Reporting. If the total value of the your Contract may exceed $500,000, including all extension options, Contractor you must track and report, on a quarterly basis, the amount paid to diverse businesses both: 1) directly to subcontractors performing under the Contract, and 2) indirectly to diverse businesses that provide supplies/services to your company (in proportion to the revenue from this Contract compared to Contractoryour company’s overall revenue). When this applies, Contractor you will register be set up in a free portal to help report the Tier 2 diverse spend, and the requirement continues as long as the Contract contract is in effect.
Appears in 12 contracts
Samples: State of Minnesota, State of Minnesota, www.bidnet.com
Diverse Spend Reporting. If the total value of the Contract may exceed $500,000, including all extension options, Contractor must track and report, on a quarterly basis, the amount paid to diverse businesses both: 1) directly to subcontractors performing under the Contract, and 2) indirectly to diverse businesses that provide supplies/services to your company (in proportion to the revenue from this Contract compared to Contractor’s overall revenue). When this applies, Contractor will register in a free portal to help report the Tier 2 diverse spend, and the requirement continues as long as the Contract is in effect. Publicity and Endorsement.
Appears in 4 contracts
Samples: osp.admin.mn.gov, State of Minnesota Contract, www.mmd.admin.state.mn.us
Diverse Spend Reporting. If the total value of the your Contract may exceed $500,000, including all extension options, Contractor you must track and report, on a quarterly basis, the amount paid to diverse businesses both: 1) directly to subcontractors performing under the Contract, and 2) indirectly to diverse businesses that provide supplies/services to your company (in proportion to the revenue from this Contract compared to Contractoryour company’s overall revenue). When this applies, Contractor you will register be set up in a free portal to help report the Tier 2 diverse spend, and the requirement continues as long as the Contract contract is in effect. Insurance.
Appears in 2 contracts
Samples: www.bidnet.com, www.bidnet.com
Diverse Spend Reporting. If the total value of the your Contract may exceed $500,000500,000.00, including all extension options, Contractor you must track and report, on a quarterly basis, the amount paid to diverse businesses both: 1) directly to subcontractors performing under the Contract, and 2) indirectly to diverse businesses that provide supplies/services to your company (in proportion to the revenue from this Contract compared to Contractoryour company’s overall revenue). When this applies, Contractor you will register be set up in a free portal to help report the Tier 2 diverse spend, and the requirement continues as long as the Contract contract is in effect.
Appears in 1 contract
Samples: osp.admin.mn.gov