Common use of MAXIMUM ALLOWABLE PREFERENCES Clause in Contracts

MAXIMUM ALLOWABLE PREFERENCES. In no event shall the amount of the small business or non-small business subcontractor preferences awarded on a single bid exceed $50,000, and in no event shall the combined cost of the small business or non-small business subcontractor preference and preferences awarded pursuant to any other provision of law exceed $100,000. The five percent (5%) calculation preference is used for computation purposes only and does not alter or affect the actual bid price or the amount of the executed contract. When a certified small business is the lowest responsive, responsible bidder, then there is no need to compute the small business preference as the small business is the low bidder.

MAXIMUM ALLOWABLE PREFERENCES. In no event shall will the amount of the small business or non-small business subcontractor preferences awarded on a single bid exceed $50,000, and in no event shall will the combined cost of the small business or non-small business subcontractor preference and preferences awarded pursuant to any other provision of law exceed $100,000. The five percent (5%) calculation preference is used for computation purposes only and does not alter or affect the actual bid price or the amount of the executed contract. When a certified small business is the lowest responsive, responsible bidder, then there is no need to compute the small business preference as the small business is the low bidder.

MAXIMUM ALLOWABLE PREFERENCES. In no event shall the amount of the small business or non-small business subcontractor preferences awarded on a single bid proposal exceed $50,000, and in no event shall the combined cost of the small business or non-small business subcontractor preference and preferences awarded pursuant to any other provision of law exceed $100,000. The five percent (5%) calculation preference is used for computation purposes only and does not alter or affect the actual bid proposal price or the amount of the executed contract. When a certified small business is the lowest responsive, responsible bidderresponsible, then and the highest scored firm, there is no need to compute the small business preference as the small business is already the low bidderhighest scoring firm.