Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter VI - Farm Credit Administration |
SubChapter A - Administrative Provisions |
Part 1507 - MINORITY AND WOMEN CONTRACTING OUTREACH PROGRAM |
§ 1507.4 - Program components.
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(a)
Identification. The first component of the program is identifying M/WOB companies capable of providing goods and services to the Board. Because of the limited nature of the Board's contracting, this activity will be limited to the Washington, DC, area. The Board's staff shall:(1) Obtain lists and directories of M/WOB firms maintained by other governmental agencies and instrumentalities;
(2) Participate in conventions, seminars, and professional meetings attended by M/WOB firms in order to explain Board contracting opportunities and obtain names of potential M/WOB contractors; and
(3) Publicize the Board's desire to obtain names of potential M/WOB firms for contracting in newspapers, trade journals, and other communications media specifically directed to M/WOB firms.
(b)
Solicitation. An M/WOB firm identified by the staff as a potential contractor will be included in all Board education and information efforts concerning contracting opportunities and in a Board contracting database. The database will be used by the Board's staff to identify firms to be solicited for Board procurements.(c)
Certification. A firm tentatively identified as a minority/women owned business must be certified as meeting the defining standards in § 1507.2(c). To preserve the integrity and foster the objectives of the program, the Board must be satisfied that the definingstandards of ownership and control are fulfilled by a tentatively identified firm. The Board's staff shall: (1) Develop certification procedures, including procedures for certifying M/WOB firms that have previously certified their status to other government agencies and instrumentalities under criteria equivalent to the criteria under this program;
(2) If necessary, and subject to compliance with applicable requirements of law, request documentation from M/WOB firms for submission to the Board; and
(3) Review certification documents to assure that firms satisfy the definitions of § 1507.2(c).