TGB definition
Examples of TGB in a sentence
Prime contractors are solely responsible for performing due diligence in hiring TGB firms.
The responder must either: (1) identify TGB and VET participation sufficient to meet both the TGB and VET goals; or (2) demonstrate that the responder made adequate good faith efforts (GFE) to meet the TGB and VET goals.
Subcontracting with TGB and VET small businesses deemed eligible by the Minnesota Department of Administration under Minn.
The responder must demonstrate that it took all necessary and reasonable steps to achieve the TGB and VET goals.
Before transmitting to OCR its request to terminate and/or substitute a TGB or VET subcontractor, the prime contractor must give notice in writing to the TGB or VET subcontractor, with a copy to MnDOT, of its intent to request to terminate and/or substitute, and the reason for the request.
MnDOT will count expenditures of a TGB or VET contractor toward TGB or VET goals only if the TGB or VET is performing a commercially useful function on that contract.
The contractor must request written consent from OCR prior to terminating a TGB or VET firm it has already committed to utilizing on the project.
Include the cost of supplies and materials obtained by the TGB or VET for the work of the contract, including supplies purchased or equipment leased by the TGB or VET (except supplies, and equipment the TGB or VET purchases or leases from the prime contractor or its affiliate).
Work that a TGB or VET subcontracts to a non- TGB or non-VET firm will not count toward TGB or VET goals.
The entire amount of fees or commissions charged by a TGB or VET firm for providing a bona fide service, such as professional, technical, consultant, or managerial services, or for providing bonds or insurance specifically required for the performance of a MnDOT contract, counts toward TGB or VET goals, provided that MnDOT determines the fee to be reasonable and not excessive as compared with fees customarily allowed for similar services.