Examples of Contract Specific Goals in a sentence
If employees of this distinct joint venture entity perform the work then the value of the work may be counted toward the Contract Specific Goals at a rate equal to the MBE orWBE firm’s percentage of participation in the joint venture as described in the Schedule B.
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.
The "Percent Amount of Participation" depends on whether and with whom a MBE or WBE subcontracts out any portion of its work and other factors.Firms that are certified as both MBE and WBE may only be listed on a bidder’s compliance plan as either a MBE or a WBE to demonstrate compliance with the Contract Specific Goals.
Bidders shall not be permitted to add MBEs or WBEs after bid opening to meet the Contract Specific Goals, however, contractors are encouraged to add additional MBE/WBE vendors to their approved compliance plan during the performance of the contract when additional opportunities for participation are identified.
Only expenditures to firms that perform a Commercially Useful Function as defined above may count toward the Contract Specific Goals.