Empowering 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 …
Read More
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 …
Read More
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 …
Read More
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 …
Read More
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 …
Read More
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 …
Read More
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 …
Read More
Why Performance Evaluations Are So Important
An integral part of the contract management process is the conduction of performance evaluations. These evaluations allow agencies to assess and document how well (or how poorly) vendors are managing the contract and mainly focus on three main areas: Quality, Timeliness Of Performance, and Fiscal Administration & Accountability. The evaluation …
Read More
Understanding Insurance Requirements
With over 78 million contracts awarded in the last fiscal year, MWBE and small business owners have many opportunities to expand. Unfortunately, when it comes to competing for government contracts, many business owners are unsure of the types of business insurance requirements needed and whether insurance is necessary at the …
Read More
Why Performance Evaluations Are So Important
An integral part of the contract management process is the conduction of performance evaluations. These evaluations allow agencies to assess and document how well (or how poorly) vendors are managing the contract and mainly focus on three main areas: Quality, Timeliness Of Performance, and Fiscal Administration & Accountability. The evaluation …
Read More