Supplier Diversity: A Cornerstone of ESG for Sustainable Success
As companies worldwide embrace the principles of Environmental, Social, and Governance (ESG), the focus on responsible business practices has never been stronger. Within the realm of ESG, Supplier Diversity stands out as a crucial element that contributes to both the social and governance aspects. In this article, we will explore …
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Unveiling Unconscious Bias: Illuminating its Impact in the Procurement Process
In the world of procurement, fairness, transparency, and objectivity are essential for building effective supplier relationships and promoting diversity. However, hidden beneath the surface lies a powerful force that can undermine these principles: unconscious bias. In this article, we will explore the role of unconscious bias in the procurement process, …
Read MoreThe Power of Collaboration: How Supplier Diversity Programs Can Foster Strategic Partnerships
As a supplier diversity professional, I have witnessed firsthand the transformative potential of collaboration within supplier diversity programs. In this blog post, I want to delve into the importance of strategic partnerships and how they can amplify the impact of supplier diversity initiatives. By embracing collaboration, we not only expand …
Read MoreEmpowering Diverse Suppliers: Beyond Training, Unlocking Real Opportunities
In recent years, there has been a significant focus on supplier diversity and the importance of providing training programs to empower diverse suppliers. These initiatives aim to equip underrepresented businesses with the necessary skills and knowledge to thrive in competitive markets. While training is undoubtedly valuable, it’s crucial to recognize …
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Accelerating Success: Transforming Access to Capital for Small, Diverse Suppliers in Construction
In the construction industry, small and diverse suppliers face significant challenges, including limited access to capital and opportunities for building capacity. However, by implementing innovative strategies and fostering collaboration, we can create a supportive ecosystem that empowers these suppliers. In this article, we will explore the transformative power of prompt …
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Empowering Inclusion: The Untapped Potential of Supplier Diversity for People with Disabilities
As we strive for diversity and inclusion in our supplier networks, it’s crucial to address a group that is often overlooked: people with disabilities. Their talents, skills, and unique perspectives present untapped opportunities for corporations to foster a more inclusive and equitable business landscape. In this blog post, we’ll shed …
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Change Orders: What Are They?
In project management, a change order is an element of the change management process in which changes in the scope of work agreed to by those involved in a contract is made. Change orders are common to most projects. Some reasons for change orders are: Incorrect scope of work estimate …
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Targeting & Responding to Competitively Sealed Bids
If you are an MWBE wanting to land government contracts in NYC, you’ll need to go through a rather daunting competitive bidding process to show you are up for the job. But before you do that, you need to find an opportunity suited to your organization. Targeting Opportunities All state …
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Prime & Subcontractor Relationships: An Overview of Agreement Types
MWBEs have a unique opportunity to increase procurement opportunities by forming agreements between and among legal entities. Contractors who form the agreements outlined below as part of a winning strategy open themselves and their companies to various levels of expertise plus increases in capacity and market share. Teaming Agreements Teaming …
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Responding to RFPs
Does responding to a Request for Proposal (RFP) for government agencies fill you with dread? Trust me; you’re not the only one! What is an RFP? A request for proposal (RFP) is a business document that announces a project (usually a complex one that requires many subcontractors), defines it, and …
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