CNI CONTRACTING REQUIREMENTS. In constructing the Xxxxx Xxxxxxxx Replacement Projects, each Xxxxx Xxxxxxxx Phase Owner will also be subject to the CNI Contracting Requirements. The CNI Contracting Requirements include compliance with the BVHP ECP as well as the further goals of having: 1) Authority residents constitute a minimum of twenty five percent (25%) of the workforce, calculated by person hours; 2) thirty percent (30%) of new hires in each construction trade be low-income; and 3) MBE/WBE firms and businesses providing economic opportunities to lower-income neighborhood residents be awarded twenty percent (20%) of contracts. For purposes of the foregoing: (i) a “Minority Business Enterprise” or “MBE” is a business that is both owned and controlled by minorities; this means that there must be not less than fifty one percent (51%) minority ownership of the business, and the minority ownership must control the management and daily operations of the business; and (ii) a “Women Business Enterprise” or “WBE” means a business that is both owned and controlled by women; this means that there must be not less than fifty one percent (51%) women ownership of the business, and the women ownership must control the management and daily operations of the business.
CNI CONTRACTING REQUIREMENTS. In constructing the Xxxxx Xxxxxxxx Replacement Projects, each Xxxxx Xxxxxxxx Phase Developer will also be subject to the CNI Contracting Requirements. The CNI Contracting Requirements include compliance with the BVHP ECP as well as the further goals of having: 1) Authority residents constitute a minimum of twenty five percent (25%) of the workforce, calculated by person hours; 2) thirty percent (30%) of new hires in each construction trade be low-income; and 3) MBE/WBE firms and businesses providing economic opportunities to lower-income neighborhood residents be awarded twenty percent (20%) of contracts. For purposes of
