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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The Mayor shall establish policies and procedures to maximize the participation of certified business enterprises in the contracting and procurement processes, including:
(1) A procedure whereby an agency may waive bid security requirements on contracts in excess of $100,000, where the waiver is appropriate to achieve the purposes of this subchapter; and
(2) A policy whereby an agency may make advance payments to a certified contractor, where the payments are necessary to achieve the purposes of this subchapter; provided, that an agency shall not be permitted to advance more than 10% of the total value of any contract.
(b) No later than October 1, 2020, the Mayor shall implement a pilot program for equity impact enterprises.
Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 2-218.49. Other procedures and programs. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-2-218-49/
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