Vendor Diversity Clause Samples
The Vendor Diversity clause establishes requirements or preferences for engaging vendors from diverse backgrounds, such as businesses owned by minorities, women, veterans, or other underrepresented groups. In practice, this clause may require the contracting party to report on the diversity status of their suppliers, set targets for diverse vendor participation, or actively seek out qualified diverse vendors when procuring goods or services. Its core function is to promote inclusivity and equal opportunity in the supply chain, helping organizations meet social responsibility goals and comply with relevant diversity initiatives or regulations.
Vendor Diversity. The State supports and encourages supplier diversity and the participation of small minority business enterprises in state contracting, both as prime contractors and subcontractors. Vendor diversity is incorporated by reference in the ITB Section 4.21 Diversity Reporting.
Vendor Diversity. As a material condition to the award of this Agreement to Vendor, Vendor agrees to comply with the M/WBE Utilization Plan approved by NYC Health + Hospitals and comply with its Vendor Diversity Operation Procedure 100-10 and this Agreement shall be subject to the terms set forth in such policy.