Certified Firm definition
Examples of Certified Firm in a sentence
Contractor shall maintain records of all subcontracts entered into with Certified Firms and records of services or materials purchased from Certified Firm suppliers.
Such records shall show the name and business address of each Certified Firm subcontractor or vendor and the total dollar amount actually paid to each Certified Firm subcontractor or vendor.
A firm will not be eligible to participate as a Certified Firm on current or future Contracts if it is decertified by COBID.
Contractor shall complete and submit initial, interim and final Paid Summary Report(s) [form 734-2882] per the instructions included on the form (A&E, non-A&E and trade services follow “A&E Instructions”).The participation of a Certified Firm subcontractor will not be credited towards the prime Contractor’s Aspirational Target achievements until the amount being counted toward the target and any retainage held by the prime Contractor has been paid to the Certified Firm.
The Contractor can choose to enable the affected Certified Firm to participate in the Contract amendment and is requested to make every effort to maintain the contracted Certified Firms percentage.