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 |
§ 1507.5 - Promotion.
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(a) The promotion of the outreach program will include the following Board staff activities:
(1) Ongoing promotion of the outreach program within the minority/women owned business community; and
(2) Ongoing promotion of the outreach program to other firms to make such firms aware of the Board's outreach program.
(b) The ongoing promotion of this program within the M/WOB community is necessary to assure awareness of the outreach program by all potential
M/WOB contractors, including newly formed M/WOB firms, and encourage their participation. The Board's contracting staff shall: (1) Develop a promotional campaign to inform the M/WOB community of the Board's contracting needs and its commitment to involving M/WOB firms in Board contracting;
(2) Participate regularly in conferences attended by M/WOB firms to promote Oversight Board contracting opportunities;
(3) Cooperate with local agencies devoted to the promotion of minority/women owned businesses to promote Board contracting opportunities;
(4) Assist M/WOB firms in understanding and complying with the Board's contracting requirements;
(5) Assist M/WOB firms in understanding the Board's contracting needs; and
(6) Take measures to ensure that all Board staff are knowledgeable about and promote this program.
(c) Promotion of the Board outreach program to other firms interested in contracting with the Board is necessary to make such other firms aware that, under the outreach program, the Board will also ensure inclusion, to the maximum extent possible, of minorities and women, and entities owned by minorities and women, in the performance of all Board contracts, including contracts with other firms. All firms should be informed that Board contract provisions will require the inclusion, to the maximum extent possible, of minorities and women, and entities owned by minorities and women, in contract performance. The Board's contracting staff shall:
(1) Develop a promotional campaign to inform M/WOB and other firms interested in contracting with the Board of the Board's policy to ensure inclusion, to the maximum extent possible, of minorities and women, and entities owned by minorities and women, in the performance and subcontracting of all Board contracts;
(2) Assist other firms in understanding and complying with Board contracting requirements respecting the inclusion of minorities and women and entities owned by minorities and women, to the maximum extent possible, in contract performance and subcontracting;
(3) Encourage other firms to work jointly with M/WOB firms for the purpose of contracting with the Board; and
(4) Take measures to ensure that all Board staff are knowledgeable about this aspect of the program.