Common use of Equity Plan Clause in Contracts

Equity Plan. The Trade Contractor shall comply with all Applicable Laws and any special requirements in the Contract Documents regarding equal employment opportunity, Targeted Business, and workforce participation initiatives. The Trade Contractor shall demonstrate good faith efforts to utilize minority (“MBE”) and women-owned (“WBE”) business enterprises (hereinafter referred to as “Targeted Businesses”). The Authority may retain the services of a Targeted Business Coordinator to assist with meeting Targeted Business and workforce participation goals. The Trade Contractor shall submit to the Authority a Targeted Business Enterprise Participation Plan within ten (10) Days after executing this Trade Contract Agreement. The Authority requires that the Trade Contractor utilize good faith efforts to achieve the goals for MBE and WBE participation set forth in the Authority’s Equity Plan for the Trade Contractor Work. The Authority also requires that the Trade Contractor utilize good faith efforts to achieve the workforce participation goals for minority and women workers regarding the Trade Contractor Work. The Authority agrees that it will follow the Equity Plan attached as Exhibit 3 hereto and that the Equity Plan is applicable to its Trade Contractor Work. The Trade Contractor shall utilize the Targeted Business Coordinator to the fullest extent possible to accomplish the following activities: .1 Identify the trades, services and suppliers needed for the Trade Contractor Work. .2 Identify Targeted Businesses that have the resources and capabilities to participate in the Trade Contractor Work. .3 Contact Targeted Businesses to solicit bids for work on the Trade Contractor Work. .4 Certify currently uncertified but qualified companies as Targeted Businesses for participation in the Trade Contractor Work. .5 Develop the Targeted Business Enterprise Participation Plan for submittal with any bid or proposal from a Subcontractor. .6 Track participation of Targeted Businesses. .7 Prepare Targeted Business participation reports required by the Authority. .8 Comply with workforce utilization requirements of the Authority’s Equity Plan for the Trade Contractor Work, including requirements established pursuant to Section 17, subd.1 of the Act.

Equity Plan. The Trade Contractor shall comply with all Applicable Laws and any special requirements in the Contract Documents regarding equal employment opportunity, Targeted Business, and workforce participation initiatives. The Trade Contractor shall demonstrate good faith efforts to utilize minority (“MBE”) and women-owned (“WBE”) business enterprises (hereinafter referred to as “Targeted Businesses”). The Authority may retain has retained the services of a Targeted Business Coordinator to assist with meeting Targeted Business and workforce participation goals. The Trade Contractor shall submit to the Authority a Targeted Business Enterprise Participation Plan within ten (10) Days after executing this Trade Contract Agreement. The Authority requires that the Trade Contractor utilize good faith efforts to achieve the goals for MBE and WBE participation set forth in the Authority’s Equity Plan for the Trade Contractor Work. The Authority also requires that the Trade Contractor utilize good faith efforts to achieve the workforce participation goals for minority and women workers regarding the Trade Contractor Work. The Authority has adopted the Equity Plan applicable to the Construction Manager to be the Equity Plan applicable to the Trade Contractor and the Trade Contractor agrees that it will follow the Equity Plan attached as Exhibit 3 hereto and that the Equity Plan is applicable to its Trade Contractor Work. The Trade Contractor shall utilize the Targeted Business Coordinator to the fullest extent possible to accomplish the following activities: .1 Identify the trades, services and suppliers needed for the Trade Contractor Work. .2 Identify Targeted Businesses that have the resources and capabilities to participate in the Trade Contractor Work. .3 Contact Targeted Businesses to solicit bids for work on the Trade Contractor Work. .4 Certify currently uncertified but qualified companies as Targeted Businesses for participation in the Trade Contractor Work. .5 Develop the Targeted Business Enterprise Participation Plan for submittal with any bid or proposal from a Subcontractor. .6 Track participation of Targeted Businesses. .7 Prepare Targeted Business participation reports required by the Authority. .8 Comply with workforce utilization requirements of the Authority’s Equity Plan for the Trade Contractor Work, including requirements established pursuant to Section 17, subd.1 of the Act.

Equity Plan. The Trade Contractor shall comply with all Applicable Laws and any special requirements in the Contract Documents regarding equal employment opportunity, Targeted Business, and workforce participation initiatives. The Trade Contractor shall demonstrate good faith efforts to utilize minority (“MBE”) and women-owned (“WBE”) business enterprises (hereinafter referred to as “Targeted Businesses”). The Authority may retain the services of a Targeted Business Coordinator to assist with meeting Targeted Business and workforce participation goals. The Trade Contractor shall submit to the Authority a Targeted Business Enterprise Participation Plan within ten (10) Days after executing this Trade Contract Agreement. The Authority requires that the Trade Contractor utilize good faith efforts to achieve the goals for MBE and WBE participation set forth in the Authority’s Equity Plan for the Trade Contractor Work. The Authority also requires that the Trade Contractor utilize good faith efforts to achieve the workforce participation goals for minority and women workers regarding the Trade Contractor Work. The Authority agrees that it will follow the Equity Plan attached as Exhibit 3 hereto and provided on the Authority’s website at: http://www.msfa.com/content/EQUITY%20PLAN/FINAL%20EQUXXX%00XXXX%000.0 The Trade Contractor agrees that the Equity Plan is applicable to its Trade Contractor WorkWork and specifically agrees to submit the forms attached hereto as Exhibit 3 (Targeted Business Commitment and Information Form), Exhibit 4 (Targeted Business Information Form), and Exhibit 5 (TCA Equity Plan Progress Report). The Trade Contractor shall utilize the Targeted Business Coordinator to the fullest extent possible to accomplish the following activities: .1 Identify the trades, services and suppliers needed for the Trade Contractor Work. .2 Identify Targeted Businesses that have the resources and capabilities to participate in the Trade Contractor Work. .3 Contact Targeted Businesses to solicit bids for work on the Trade Contractor Work. .4 Certify currently uncertified but qualified companies as Targeted Businesses for participation in the Trade Contractor Work. .5 Develop the Targeted Business Enterprise Participation Plan for submittal with any bid or proposal from a Subcontractor. .6 Track participation of Targeted Businesses. .7 Prepare Targeted Business participation reports required by the Authority. .8 Comply with workforce utilization requirements of the Authority’s Equity Plan for the Trade Contractor Work, including requirements established pursuant to Section 17, subd.1 of the Act. Trade Contractor’s failure to use good faith efforts to achieve the Authority’s Targeted Business participation goals or to follow the requirements of the Authority’s Equity Plan for the Trade Contractor Work may result in the assessment of appropriate damages.