Common use of Time M/WBE Utilization Clause in Contracts

Time M/WBE Utilization. Credit (Credit issued for the actual contract dollar) This credit may be earned by contractors/consultants who joint venture with an Orange County certified M/WBE for the first time or include and utilize a M/WBE for the first time in a bid/proposal. You will need to obtain approval for these credits from the Business Development Manager. This process will take at least 30 days to complete. Begin by submitting a letter indicating the specific M/WBE credit (Non-County Utilization Credit or First Time M/WBE Utilization Credit) for consideration. Also, include for the Non-County Utilization Credit program details to support documentation such as contracts from project after January 2002 through current year, proof of payment. Upon receipt of this written request, our office will begin contacting the M/WBE firms to verify the M/WBE utilization information on provided. If the information is verified, then a certificate of credit will be provided. The credits are good for two years, then expire without renewal. The firm must specify on form C-2 when a credit is to be used. Credits may be used to offset a maximum of 20% of the overall M/WBE goals (For example, if the bid is for $500,000, the stipulated M/WBE goal for this project will be 25%, or $125,000. 20% of the stipulated goal is $25,000 in credits that may be used. The remaining $100,000 (to meet the stipulated goal) must be obtained through regular M/WBE participation. Credits are tracked for each firm by the Business Development Division.

Time M/WBE Utilization. Credit (Credit issued for the actual contract dollar) This credit may be earned by contractors/consultants who joint venture with an Orange County certified M/WBE for the first time or include and utilize a M/WBE for the first time in a bid/proposal. You will need to obtain approval for these credits from the Business Development Manager. This process will take at least 30 days to complete. Begin by submitting a letter indicating the specific M/WBE credit (Non-Non- County Utilization Credit or First Time M/WBE Utilization Credit) for consideration. Also, include for the Non-County Utilization Credit program details to support documentation such as contracts from project after January 2002 through current year, proof of payment. Upon receipt of this written request, our office will begin contacting the M/WBE firms to verify the M/WBE utilization information on provided. If the information is verified, then a certificate of credit will be provided. The credits are good for two years, then expire without renewal. The firm must specify on form C-2 when a credit is to be used. Credits may be used to offset a maximum of 20% of the overall M/WBE goals (For example, if the bid is for $500,000, the stipulated M/WBE goal for this project will be 25%, or $125,000. 20% of the stipulated goal is $25,000 in credits that may be used. The remaining $100,000 (to meet the stipulated goal) must be obtained through regular M/WBE participation. Credits are tracked for each firm by the Business Development Division.

Time M/WBE Utilization. Credit (Credit issued for the actual contract dollar) This credit may be earned by contractors/consultants who joint venture with an Orange County certified M/WBE for the first time or include and utilize a M/WBE for the first time in a bid/proposal. You will need to obtain approval for these credits from the Business Development Manager. This process will take at least 30 days to complete. Begin by submitting a letter indicating the specific M/WBE credit (Non-County Utilization Credit or First Time M/WBE Utilization Credit) for consideration. Also, include for the Non-County Utilization Credit program details to support documentation such as contracts from project after January 2002 through current year, proof of payment. Upon receipt of this written request, our office will begin contacting the M/WBE firms to verify the M/WBE utilization information on provided. If the information is verified, then a certificate of credit will be provided. The credits are good for two years, then expire without renewal. The firm must specify on form C-2 when a credit is to be used. Credits may be used to offset a maximum of 20% of the overall M/WBE goals (For example, if the bid is for $500,000, the stipulated M/WBE MWBE goal for this project will be 25%, or $125,000. 20% of the stipulated goal is $25,000 in credits that may be used. The remaining $100,000 (to meet the stipulated goal) must be obtained through regular M/WBE participation. Credits are tracked for each firm by the Business Development Division.

Time M/WBE Utilization. Credit (Credit issued for the actual contract dollar) This credit may be earned by contractors/consultants who joint venture with an Orange County certified M/WBE for the first time or include and utilize a M/WBE for the first time in a bid/proposal. You will need to obtain approval for these credits from the Business Development Manager. This process will take at least 30 days to complete. Begin by submitting a letter indicating the specific M/WBE credit (Non-County Utilization Credit or First Time M/WBE Utilization Credit) for consideration. Also, include for the Non-County Utilization Credit program details to support documentation such as contracts from project after January 2002 through current year, proof of payment. Upon receipt of this written request, our office will begin contacting the M/WBE firms to verify the M/WBE utilization information on provided. If the information is verified, then a certificate of credit will be provided. The credits are good for two years, then expire without renewal. The firm must specify on form C-2 when a credit is to be used. Credits may be used to offset a maximum of 20% of the overall M/WBE goals (For example, if the bid is for $500,000, the 500,000,the stipulated M/WBE goal for this project will be 25%, or $125,000. 20% of the stipulated goal is $25,000 in credits that may be used. The remaining $100,000 (to meet the stipulated goal) must be obtained through regular M/WBE participation. Credits are tracked for each firm by the Business Development Division.