Examples of Commercially Useful Function in a sentence
If it is determined that a MBE or WBE is not performing a Commercially Useful Function, the contractor may present evidence to rebut this presumption to the Department.
Except as provided in MCC 2-92-525(b)(2), only Payments made to MBE and WBEfirms that meet BOTH the Commercially Useful Function and Area of Specialty requirements above will be counted toward the Contract Specific Goals.
For suppliers, an M/W/DSBE performs a Commercially Useful Function when it is responsible for sourcing the material, negotiating price, determining quality and quantity, ordering the material and paying for it from its own funds.
Only expenditures to firms that perform a Commercially Useful Function as defined above may count toward the Contract Specific Goals.
A prime consultant can credit expenditures to a DBE subconsultant toward DBE goals only if the DBE performs a Commercially Useful Function (CUF).